Citadel's newest analyst was an asset management MD

If you're in an investment banking job, then the path is simple: analyst, a few steps in between, managing director (MD). But if you're a research analyst, you can be both things at once: an analyst as a job, and an MD - as a title. 

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Ben Poster joined multi-strategy hedge fund Citadel in London two weeks ago as an analyst. He joined the firm from GoldenTree Asset Management, a small ($65bn) asset management firm where he worked as a senior research analyst and a managing director (MD).

Analysts employed by hedge funds are research analysts – and like their colleagues in banks, they can be anything from newbies to people at the peak of their careers.

Most hedge fund analysts aspire to be portfolio managers. But not all: speaking on the Colossus podcast a few years ago, Will England, the CEO of hedge fund Walleye, said that “the job of being a PM, whether you're quantitative or fundamental, is psychologically extremely toxic,” due to the constant seesawing between being right and being wrong. 

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