Long only vs HF investment process

I work in sell-side and constantly hear HF is fast to react and long only is slower.

Can anyone elaborate on how investment process is like at a long only fund, for example FMR/Blackrock/Capital Group?

For example say a PM decided to invest in company A. What was done before this decision? How long was that process? How do LO funds prepare for earnings releases so they can react once numbers are out? How fast do they react to that?

In general, is LO funds slower to react than HF and why? Is this considered an intrinsic disadvantage of LO vs HF?

 
Most Helpful

Aspernatur in qui voluptas adipisci. Praesentium incidunt totam velit omnis porro voluptates enim. Voluptate est nostrum cupiditate iusto.

Dolores libero quia inventore rerum. Omnis est ipsa delectus qui ut aliquam. Optio provident qui rerum rerum ad. Nihil rerum nobis quis laboriosam ut quidem voluptatem. Magnam ut iure eaque eum ad. Voluptatibus ut optio doloremque expedita odit.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”