[hapaboii]

Wow, lots of replies already. Nice to read about your insights Scorp.

Do you think the standard 2/20 structure is sustainable going forward?

I'll also try to provide some color on the industry when possible. I am the trader for a successful $1bn l/s equity fund.

I didn't read all of the posts but some issues mentioned:

Poker on resume - I did it, but I'd be careful about this one. Try to get a sense of what type of fund you are applying. Conservative fundamental shop looking for ex-bankers, probably leave it off. Quirky quants, event driven punters, founders former prop traders or worked on the floor in past lives, go ahead and put it on.

Quant funds/PhD necessary? - Can't confirm, but under the impression that most shops are still looking for PhDs or at the very least a quantitative masters. I seriously think this is just a screening tool(they don't actually need you for your knowledge obtained in school) to get smart candidates and market the fund to investors.