AMA Discretionary Hedge Fund Trader

I did one of these before a couple years back when i was on the sellside, and figured why not do another one since these threads seem to get a lot of traction and provide a lot of useful info for kids.

My background:
-Discretionary trader at a large hedge fund, focusing on credit and convertibles
-Previously traded equity derivatives on the sell side

Feel free to ask anything outside of compensation.


"Wife Bonuses" - Allowances of the Upper East Side

A New York Times writer put together an article on the wives of rich and powerful men in the upper east side. There's a lot of absurdity in the "national geographic" way the writer describes their lives and an obvious liberal, feminist tilt given the publication, but there is a hidden gem inside that is absolutely hilarious.

And then there were the wife bonuses.

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Webinar: Banking Fit Interviews (Analysts / SA's / Associates) -- 730pm ET, 5/27/15

WEBINAR DESCRIPTION

Wall Street Mentor Prashanth will be hosting a webinar entitled "Banking Fit Interviews (Analysts / SA's / Associates) ", with a q&a session to follow. One of our top mentors, Prashanth is an industry veteran with experience in Investment Banking.

If you have any interest in learning more about whether Banking is fit for you, you should definitely join us on Wednesday.

WATCH HERE

If you missed the webinar, it will be available on the homepage for 24 hours (2-3 weeks after the initial presentation), before going into the WSO Video Library.

When: 
May 27, 2015 - 7:30pm to 8:30pm
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High Priced Stocks

For much of the market's history there was a stigma attached with buying an odd lot, that is less than 100 shares of a given stock.  In some markets like Japan investors still cannot trade in anything smaller than a round lot.  Round lot limitations create high hurdles for investors.  If an investor is required to purchase a round lot when a company's price is $250 a share they would need to have $25,000 to establish a position.  Minimum purchase sizes lock out smaller investors, or investors who don't wish to commit a sizable amount of capital up front.


IB INTERVIEW ALERT: NEW 2014 Version of WSO Investment Banking Prep Pack Released!

Another 100+ Questions Added...Now Over 500+:

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'Brutally honest' cover letter leads to job

As much as I hate to link anything from CNN...

I was reading through some cover letters, and they were all fluff to me, everyone was embellishing and lying," Ross said. "I wanted to take a fresh approach, tell the truth, and be brutally honest.

Here is the full article.


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PERE 50 2015 - Real Estate Private Equity Rankings

I haven't seen it posted here and I used to post them annually, so here it is - the 2015 real estate private equity rankings, made up of all the names you would expect. Still, there are some newcomers (Greystar, Almanac) and a couple of big falls and rises. If nothing else, it's good to keep up with and fantastic for finding places to apply to.


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My review of online dating sites

If you are a single straight guy living in NYC, you would be doing yourself a great disservice by abstaining from online dating. Yes, I used to look down on these apps as "beneath me," something only desperate losers use. That may have been the case in the past, but it is now the norm for young professionals in major cities. The convenience and quantity are unparalleled, and those who don't take advantage of it are Luddites stuck in the 20th century. Having extensively used most of these sites, I will provide a basic overview of my thoughts and experiences.


2015 Investment Banking Interview Prep Pack PLUS...Special Deal

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