Hedge Fund Talent Pool Drying Up?

Hedge Fund industry icon Steve Cohen said something interesting in May about the availability of stock picking talent:

     “Frankly, I’m blown away by the lack of talent” 

     “It’s not easy to find great people. We whittle down the funnel to maybe 2 to 4 percent of the  
       candidates we’re interested in."

    "Talent is really thin.”

     Steve Cohen

Courtesy of Bloomberg News
May 3, 2016 

If you are an aspiring equity analyst, this tells you that this is probably the best time in recent memory to get a job at a hedge fund.  The talent level is low and you are even seeing Hedge Funds like Point72 start internship programs for college sophomores.  That said, they won't hire just anyone.  Review some of my prior posts to get an idea how to prepare for hedge fund interviews.

Good luck to you all!