"I'm a believer that if your father, grandfather or uncle is a managing partner at Goldman you will get a job, same goes for the mythical hedge fund job you referenced"

You will get an interview with a non-biased hiring committee. You are on your own at that point. That is why the culture and the results there are so strong-everyone agrees on the process and finding the best talent. So even though your uncle is there , you dam better sharpen Missy's pencil for her and have a plan B lined up.