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Former co-head in London at Citadel fixed income portfolio management

Aside from the money, theres the money. When people are alone with their thoughts, and dont need to signal to others their alleged superior status by discounting the utility of a high compensation, theyll admit to themselves that money is an excellent motivator. In not so many words, greed certainly

Second reason: there arefeweridiots there. If you are objectively intelligent, or have an inflated sense of self, or a convex combination thereof, youll enjoy working with people who know a little math, a little coding, a little about investigating things, and on top of that work hard at it. Contrary to stereotype, my experience is that these people are actually nicer to work with that other places that supposedly promote work/life balance. Everybody is not Larry Summers, thanks God.

Third reason: free drinksandfree lunch. Take that, Milton Friedman.

Fourth reason: the lack of bureaucracy (most of the time).

4rd +1/2 (negative) reason: its a common trope to say that finance (and especially hedge funds) have no tangible impact in the world, are too big, etc. Perhaps, and perhaps not. The arguments to support this thesis are usually tautologies. Meanwhile, a lot of hedge funds dont engage in illegal activities like insider trading and keep companies on their toes. And they diversify the portfolios of their investors, among whom are not only rich people, but large public pension funds. Are they fairly compensated? Dunno. Is Snooki fairly compensated? Dunno either. And what about the founder of Foursquare? A curious mind wants to know.56k viewsView 226 UpvotersThank you for your feedback!Your feedback is private.Is this answer still relevant and up to date?

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