FoF Research vs. Equity/FI Research interested, individual, Investment, like, potential

lunarfollies

Seems like a lot of people on this forum are interested in Equity (mostly) and Fixed Income Research and not a lot of talk about Investment Manager Research (i.e. being an Investment Analyst for Pension funds, Endowments etc).

While this path might not be as 'Sexy' as individual security analysis, its a way to get into the industry and has the potential to open doors to Hedge Funds (FoF ofcourse), PE Firms and buy side shops (e.g Fidelity Strategic Advisers).. Just wondering what everyone's thoughts are on IM research vs. Individual security analysis?