Hi guys - Looking for opinions on whether a move from a BB Ops grad scheme at a satellite office to move to Hedge Fund Ops in a financial centre would be a good move. Ive currently got about 2 years experience - would like to move to the financial centre - but want to move to FO. Going to do an MBA...
|0||1 min 33 sec ago|
This question was asked during a hedge fund interview. It took me completely by surprise. Moreover, is this even legit to ask something private like this? Totally weirded me out. Did anyone ever experience this? ...
|23||1 hour 21 min ago|
Hi everyone, Anyone know where to find premiums paid for senior debt and mezzanine debt? Thanks! ...
|0||5 hours 49 min ago|
1st year analyst at top bulge bracket in a distressed desk analyst role covering about 10 names. Got hit up by Search One 2.5 months ago for a distressed credit seat at silver point. Went through first initial rounds and did well. Had a superday where I did a couple different cases and met with a pa...
|3||15 hours 50 min ago|
Does anyone know what the Dynamics Search Partners (DSP) hedge fund test entails? Have to take it shortly and wondering if anyone here has taken it / knows anything about it. Thanks a lot ...
|1||20 hours 6 min ago|
Hello all, I'm starting out at a regional BB in IB this summer. I am interested in working at a HF one day, however I am looking for an honest opinion with regard to the feasibility / chances of getting into a good fund from a regional office. I know this might sound quite premature as I haven't eve...
|3||23 hours 56 min ago|
Was asked this at a HF interview. What is your thought process when determining good shorts and what are key items you look for. Also, how do you determine what kind of position to take and how should you adjust/change your position if the market goes in your favor/against you favor (for example, cu...
|24||1 day 15 hours ago|
Hi everyone, I got into the Booth Weekend MBA and UCLA Full Time MBA program and I am having trouble deciding between the two programs. I am a CA from Big 4 by background and have been working at a boutique Toronto based IB shop in M&A for the past 2.5 years. I would like to work at a HF or a mu...
|1||2 days 5 hours ago|
Guys, have been through several rounds with a fund and wanted to know what the likelihood of receiving an offer is once you've made it to the "we need a reference from your employer"? I know this has to be looked on a case by case basis and should generally be taken as a "positive sign" but would ap...
|3||2 days 22 hours ago|
Hi guys, I've got an offer from a US$300-400m HF after spending 4 yrs in BB sellside research. They can match my pay. What's the general pros and cons working for a small HF? My long-term goal is to eventually become a PM (either in AMs or HFs), is it a better option to make the switch to buyside no...
|4||3 days 12 hours ago|
$PVCT looks like a great short from here ...
|0||3 days 12 hours ago|
16 years old and always wanted to work in wall street, i am going to attend columbia university in new york when im 18 and major in economics and get my bachelors. I currently work as a intern project manager in construction and i plan to work as one until im ready to graduate from college, if anyon...
|2||3 days 20 hours ago|
I've been in the L/S fundamental equity hedge fund world for the last 7 years. I'm a senior analyst with a small team under me at a large, well-known hedge fund. I am often recruited by other funds and/or headhunters to either run a book at a platform shop or lateral over as a senior analyst / secto...
|0||4 days 13 min ago|
Hello everyone, I wanted to open up a discussion to see if I could get any advice on internship-seeking from professionals in the hedge fund industry. I just recently completed my second private equity internship and have another coming up for the summer. While I enjoy PE, I would ultimately like t...
|0||4 days 42 min ago|
If you had a choice between these 3 offers right out of college: Working for a $40million AUM hedge fund (3.5 years old) under 1 PM (very reputable and experienced guy--he knows what he's doing): Starting Salary: 65k - 90k (depends on bonus) or Working at Deloitte Business Valuation Starting Salary:...
|71||4 days 4 hours ago|
Hi all, I am considering getting a part-time MBA in the tri-state area. I currently live and work (biotech industry) in Westchester. My employer only covers 40K in tuition. There are several options for me: NYU Stern Westchester - Tuition 120K. Great location. 20 mins commute, I will be 80K in debt....
|4||4 days 4 hours ago|
Bloomberg reported -http://www.bloomberg.com/news/articles/2016-04-29/... And then Tyler spoke -http://www.zerohedge.com/news/2016-04-29/full-stor... I guess on a long enough time line everyone's secret identity gets revealed. ...
|2||5 days 1 hour ago|
Hi all, I was wondering can traders working at investment bank/'hedge funds have their own personal portfolio too which they can trade on outside of work? ...
|1||5 days 20 hours ago|
Hi everyone. I am a first-year student in a Top 20 Math PhD program in US without any internship experiences in finance industry. Besides maintain a good progress toward the PhD degree, I wonder what else I should do to increase the chance to enter a top-tier hedge fund (such as the two I mentioned ...
|4||5 days 21 hours ago|
Interesting question - Friend of mine just got a job at a hedge fund and asked me what kind of car he should get? Then we got to discussing American vs. Foreign, fancy vs. economy and how it would be viewed at a hedge fund. My Views - American vs. Foreign - If you're in the midwest, you might get ...
|42||6 days 8 hours ago|
When I did my AMA thread a while back I promised at least one person that I would share my general research process. So here you go... Every analyst has his/her own way of conducting due diligence. There certainly is no one correct way to come to an investment decision, however, I'd argue that ther...
|134||6 days 12 hours ago|
Hi, I originally posted this in the IB forum but I think its better fit for here since a lot of hedge fund guys seem to interact with prime brokers. Basically I've been researching different finance jobs, and I think prime brokerage might be a good fit for me. So I was wondering if anyone could give...
|7||6 days 22 hours ago|
Hi, Can anyone provide a full list of dual-class companies who have 2 or more classes of stocks traded on north american exchanges? Thanks, ...
|11||6 days 23 hours ago|
Any recent insight into the usual questions for this shop? I've seen things a couple years old and it seems like a good place, only complaint being lower payout? I know the name is reputable but I'm hoping someone has more insight here. Also would be helpful if anyone had experience with the interv...
|3||1 week 6 hours ago|
I'm considering apply to UT BHP next year, and wanted to know how difficult it is to get into top hedge funds on Wall Street (like JPM, GS, etc.) as compared to Ivies. ...
|13||1 week 20 hours ago|
I'm pretty sure I'm worrying way too much, but I just committed to Berkeley for ugrad, but I also just looked through Linkedin mining the people who've graduated there working at top L/S funds, and I literally can't find a single person in an investment role. I really do want to work at a L/S fund l...
|2||1 week 1 day ago|
Guys, Looking for some insights as to the best way to begin networking/positioning myself to speak with hedge funds about full time opportunities in the fall. If might have some tips to shoehorn myself into the recruiting process, please post or PM. Thanks! ...
|2||1 week 1 day ago|
Still jet-lagged by 8 hours from a day and a half in London, I haven't slept for a good 48 hours and remembered I owe WSO my process for dissecting a 10-k in the usual form. Before I get right into it, keep in mind every business is different and that will dictate the way you should read their spec...
|111||1 week 1 day ago|
Dear Sir/Ma I am direct to a project Funder who is also known as private lender they specialized in bank instrument lease and sales their funds is purely earned from private and corporate investment portfolios without criminal origin.With the group capital fund which are specifically for lease/sale ...
|0||1 week 3 days ago|
Hi everyone, I am currently a first year analyst at a BB in London and recently received an offer for Citadel's Global Equities team. I am not sure what I want to do further down the line, but working with public equities at a hedge fund is much more appealing to me than a pre-MBA associate positio...
|0||1 week 4 days ago|
Is a black suit and white/light blue shirt acceptable to wear to an interview? Or do you recommend a different color suit? ...
|6||1 week 5 days ago|
What are the exit opportunities for a hedge fund and/or private equity manager analyst at a FoHF/Institutional Investor/RIA? Can you ever go to the equity buy side of a hedge fund? Or are you stuck in the alternative asset manager evaluation space? ...
|3||1 week 5 days ago|
|2||1 week 6 days ago|
This question isn't for me, but something I've noticed recently when interacting with our Cap Intro team and learning about their backgrounds. Some of them actually went to great schools and majored in finance/econ (undergrad) and top 10 MBA schools - so I'm a little surprised they didn't end up at...
|0||2 weeks 2 hours ago|
Hey guys, I currently work at a Fund Admin and do operations work for bank debt. I've been here for about a year and am currently trying to get into the Hedge Fund side. I've been talking with a few recruiters, and they keep telling me about opportunities they have open. I haven't heard back from th...
|8||2 weeks 4 hours ago|
hi guys, the boy is back in market after a long period of saving capital doing 9-5. It' feels good to be back. O the subject, yes. I turned my live $4000 account into $44K with over 5500 trades (ROI - 1000%). Yes all within 1 month. You think goldman boys can produce this "without algos" i think no...
|92||2 weeks 15 hours ago|
Hi there. I graduated with a degree in economics from a non target school. Worked a year as logistics associate at a brewery and now I am looking to get into investment/hedge fund after reading my boy Ray Dalio's book. However, a degree in economics didnt really teach me anything about investment at...
|2||2 weeks 16 hours ago|
I am currently going to go to BU, and I want a major that gives me the best bet to go an work at a hedge fund. Is an economics degree or a finance degree more coveted? I tend to gravitate towards mathematics if that changes any of your inclinations. Also, I am strongly considering a double major wi...
|1||2 weeks 1 day ago|
I'm a long-term lurker, infrequent poster on another account. AMA. Have been reflecting a lot lately on "giving back" and WSO has been huge to me. More interested in talking credit / markets than "my path" or "recruiting" because I only got my jobs via recommendations. 2 years at BB trading floor...
|77||2 weeks 2 days ago|
Hey guys, Having an interview in a couple of days, Can anybody give me some hints on how/what to prepare. what kinda questions they will ask. anybody who have related experience will be deeply appreciated. thank you very much. here is the job description, I am not allowed to post link. i will post t...
|0||2 weeks 2 days ago|
I have Bridgewater Associates interview coming up shorty, im on the second round on site that includes - brain teasers Math test, which is timed and also group debate. I have read lots of example on the group discussion part, pretty solid with that. If anyone can shed light on type of brain teasers ...
|1||2 weeks 2 days ago|
Hi, WSO I will keep this very short - I will be enlisted to ROK marine corps reconnoissance for two years starting this summer - currently top three special forces in our military branches aside from Seals & Rangers. As an employer, how would you view a college undergrad with such a background? ...
|0||2 weeks 2 days ago|
Hi guys, I have managed to get my self an internship at a hedge fund in london as a quantitative developer. I am currently an MSc Finance student and was initially looking for a more quant researcher or trader role. 1. Will a quant developer role allow me to possibly move into a quant research or tr...
|0||2 weeks 4 days ago|
so i recently took a job at a very well known l/s value hf as a junior analyst. the fund is long-term focused but BC of the pm i work under i find myself blowing through ideas so fast without doing any deep analysis on them. in 2 months ive already screened 14 ideas...aka almost 2 per week. and by s...
rinse and repeat
|6||2 weeks 4 days ago|
So this question is ideally directed to any professionals in the Global Macro world. What are the fundamental building blocks of economics/history/politics required to be able to construct and develop macro trading idea's? Or, in other words, if you were to construct a curriculum of concepts that ...
|19||2 weeks 4 days ago|
Was wondering how possible it'd be to transition to an equity/credit HF down the road from a muni-focused AM (also invests in corporate debt), particularly as it pertains to networking with HFs (I'm just under the impression it'll be easier to network with HFs when on the buyside in some form). ...
|1||2 weeks 5 days ago|
Hi Everyone, I need your opinion on this. I'm in a 500m to 1b HF. When I came over, the stated description of my role was the usual "to support PMs and may transition to strategy development." I'm aware that HFs use that pitch to tempt analysts over but actually don't intent to get them into invest...
|8||2 weeks 5 days ago|
Hi everyone. Its been a while since I did an AMA. In the spirit of celebrating Easter, I'd love to answer all your questions on starting and running a hedge fund / family office. ...
|12||2 weeks 6 days ago|
Hi, I majored in math at a top 60 school and a did a masters in operations research/financial engineering at a top 10 school. I did not like financial engineering and have been moving more into the macro world, currently working in the federal reserve system. I am now considering going back for a Ph...
|1||3 weeks 5 hours ago|
Looking for some advice if you would be so willing. My story: I was a quant trader at a major IB for 5 years and decided to start my own firm. I bought the code I wrote from the bank, raised 25M in capital from a major bank and was off and running. Fast forward 15 months, despite solid performance, ...
|3||3 weeks 15 hours ago|
I am a younger, hard working, thirsty broker that has been in the business since 2003 with a MAJOR wire house and I currently focus the majority of my time in Syndicate offerings. My group takes part in Equity Syndicate (IPO's & Secondary's) as well as the Fixed Income Syndicate calendar. I am ...
|4||3 weeks 1 day ago|
From Reuters (http://www.reuters.com/article/us-sequoia-valeant-...): The investment firm that runs the Sequoia Fund, long known for its ties to Warren Buffett, was sued by shareholders who claim it recklessly took a huge stake in embattled drug company Valeant Pharmaceuticals International Inc (VRX...
|14||3 weeks 1 day ago|
Does someone have a PDF copy of Distressed Debt Analysis by Moyer? Saw other threads from a couple years ago about this book and copies were passed along via PM - hoping to get this going again. ...
|2||3 weeks 1 day ago|
So for example. They didn't do the whole Ivy League to BB to HF and work their way up or lateraled. Like managers that worked in a completely unrelated field and then got into hedge funds and investing. I know it's not unheard of in the Venture Capital field but I'm not sure about the Hedge Fund wo...
|23||3 weeks 1 day ago|
Title says it all: which banks have desk analyst teams that are most respected by the buyside and would be best to learn at? I figured the buyside clients would have the best color, since the desk analysts don't publish research or get ranked like the publishing teams. Thanks all. ...
|15||3 weeks 2 days ago|
Hello, I'm an international high school student who got admitted to Yale, Princeton and Columbia for the undergraduate program. I'm having a tough time choosing between these universities. I'd like to work in HFs or PEs after graduation if that's possible (I'm not counting on it bc I know it's vv to...
|15||3 weeks 2 days ago|
Looking for advice from those on the buyside and HF recruiting for military MBAs from IB. Background: HYP undergrad, military officer, Yale/Ross/Darden MBA going to work at BB after school. While I think the work in IB is interesting, I've found that I'm much more interested in the investment/stock...
|0||3 weeks 2 days ago|
Does anyone know what to expect from a Davidson Kempner Case Study for an Analyst role? Any and all guidance would be tremendously appreciated! Thank you ...
|0||3 weeks 2 days ago|
Hey guys! I'm a young italian student in economics. I would love to know what i have to study in order to work in an hedge fund:) thank you all ...
|1||3 weeks 2 days ago|
What are the ramifications for failure to deliver on a naked short sell? Also. Its public knowledge how many shares are in circulation - how can someone sell shares when all shares should theoretically be accounted for by the real owners or lenders of the shares? If you do not own, or have not borr...
|2||3 weeks 3 days ago|
Just curious as to whether hedge funds recruit from MSF programs? ...
|3||3 weeks 3 days ago|
I have an offer for Sales and Trading at a Bulge Bracket and ultimately want to be my own hedge fund manager/ enter into a hedge Fund. If I were to also get a Bridgewater Associates Investment Associate Hedge Fund position, is it best to go with Bridgewater = directly to a hedge fund. Or should I s...
|6||3 weeks 4 days ago|
It's been a while since I posted (sorry @AndyLouis) so I decided to come back with something a little different from my previous posts. I'll continue the E&F posts at some point, but given recent market conditions I thought this was more appropriate. The below is a compilation of thoughts I've b...
|43||3 weeks 4 days ago|
Hello guys After one year doing a course which was meant to get me into medicine, things turned bad(as they usually do) and I have finally chosen to go and study finance. As my dad often tells me "water flows the path of least resistance", so I applied to a high ranked finance university in the UK ...
|5||3 weeks 4 days ago|
Thinking of leaving the city and heading out to the burbs with my family. Any thoughts on the best hedge funds in the Connecticut suburbs? Beyond Greenwich, are there any other places I should check-out? ...
|8||3 weeks 4 days ago|
Looking for a list of hedge funds in Boston, and around that area... Anyone got? ...
|15||3 weeks 4 days ago|
Hi there, I am a second year Associate in the M&A group at a top middle market IB in NYC. I am very interested in opportunities related to merger arb both on the buy / sell side. Would be grateful for any help on the following: 1) What exit opportunities are available in this space? 2) What are ...
|2||3 weeks 4 days ago|
Hi All! I have a first round at Point72 coming up in a couple weeks. Does anyone have any insight on the point72 interview process? This would be for an Analyst role. Thank you!! ...
|3||3 weeks 5 days ago|
Hi Fellow WSOers: I'm an incoming international student for a MBA (think about Haas and UCLA) program in CA and a long time lurker of WSO. Pursuing Finance career, I know, NYC is supposed to be my destination but because of relationship reason, I have to stay in CA for my life. Here is a brief intro...
|2||3 weeks 5 days ago|
Over the last 12 months, we have made a big effort to improve our hedge fund interview prep package by bringing to you relevant webinars with interview advice and actual investment pitch walk-throughs...I think for those of you that don't watch the webinars, it would be helpful to give you a brief s...
|0||3 weeks 5 days ago|
I'm slated to join a HF this summer for a few months. They said I'm not getting paid over this period. I've also had financial experience in the past and have managed my own PA (which I've set up as a personal LLC to build a track record) for the past year. The fund told me that my only PA trading r...
|17||3 weeks 6 days ago|
I'm working at an EB and looking to work at an HF after my analyst years but not having much luck with headhunters. Does networking with funds ever work? Is there any other avenue to get with them? ...
|3||3 weeks 6 days ago|
Hello, Hoping to get some advice on my next career move here. I am 27 years old and have been working at a boutique real estate brokerage in Toronto since I graduated. My business has pretty much strictly been land deals, and although this has been a decent experience at first, I've developed a inte...
|1||3 weeks 6 days ago|
Hi guys, just wanted to ask those with sufficient HF / investing experience, is it just me or is investing in small cap space pretty much 80% about "cigar puff" investments that are "undervalued", but with proper catalyst in place simply rise in value, but the value creation beyond that tapers off? ...
|0||4 weeks 22 hours ago|
How f*cksville is Ackman? Ruane, Cunniff & Goldfarb? John Hempton is dancing. ...
|25||4 weeks 1 day ago|
Hello - just wondering if anyone knows the difference between point72 (formerly SAC) vs Everpoint Asset Management. According to Google, they seem to be all under the same umbrella (Cohen's family office) though there must be some separation between what each of them do. Does anyone know and can ela...
|4||4 weeks 1 day ago|
We are finally here! For those of you waiting on the WSO Hedge Fund Interview Guide, thank you for your patience -- it has been a long process to get to this stage. Unlike investment banking or private equity, the hedge fund universe is enormous, so we really had to spend a long time drafting the ...
|3||1 month 1 hour ago|
1. Does anyone have any color on Bayview Asset Management in Miami and how well they're perceived in the mortgage investing space? Looking for more targeted feedback other than their focus, which, on the investment side is RV investing in whole loans (non-performing and re-performing), mbs, abs. How...
|0||1 month 4 hours ago|
I am considering joining a l/s credit hf after graduation; however, I am concerned if for some reason I don't like it or if I have just had enough after my analyst stint that I am not going to be able to leave the hedge fund space. Do people at hedge funds have the same type of exit opps as bankin...
|1||1 month 5 hours ago|
Anyone have any experience switching from global macro to global equities, particularly in larger funds (20bn+)? Which seems to be easier, if either? ...
|0||1 month 14 hours ago|
Let's take it for granted that transitioning from being an IBD associate to a hedge fund is enormously difficult. The odds are way against it, and I think we can all agree on that point. The question is, if you're willing to put in the work necessary, how do you actually pull it off? Step 1 would se...
|17||1 month 17 hours ago|
|0||1 month 22 hours ago|
EARLY BIRD TICKETS UNTIL FRIDAY - SAVE $100 - http://fpq.io/ This conference focuses exclusively on python for quantitative finance. If you want to keep up with the latest developments, see experts in action, experience practical case studies and meet people active in your field, then this event is ...
|0||1 month 1 day ago|
What's up all? I currently use Reuters eikon and it's not half bad, but we gotta outsource the portfolio analytics and was thinking about just getting a terminal, I've obly really used cap IQ, FactSet, and eikon. Wondering if the terminal is more comprehensive in terms of portfolio analysis and exce...
|0||1 month 3 days ago|
So I recently went through the recruiting grind (currently 1st year IBD) and ended up getting an offer at a large, multi-manager platform (think Millennium, Point72, BAM, etc.) Although I am tempted to take it and end the process, I've always considered myself a long-term, value guy. Since it'd be i...
|6||1 month 4 days ago|
Hello all, This is my first post on the site so I apologize if this is not the correct forum. I have an upcoming interview for a hedge fund operations role. The job responsibilities listed on the job posting are quite vague (executing and reconciling trades, and other general administrative duties...
|1||1 month 4 days ago|
I am fairly new on this website and want to learn more about hedge funds.. what are the best books written on hedge funds? ...
|4||1 month 5 days ago|
Curious on compensation for IR professionals from an entry level role on upwards. How reasonable would it be to expect say a $90k salary for an IR Associate role at a >$1bn fund. Have a little under two years of post-undergrad experience. ...
|0||1 month 5 days ago|
|28||1 month 5 days ago|
|10||1 month 5 days ago|
Hi everyone, I'm going to join a hedge fund, which is implementing statistical arbitrage / quant trading on US equity. I am computer science / MFE background, but have quite limited understanding about statistical arbitrage. Therefore, I want to get prepared before on board, by reading some good boo...
|4||1 month 6 days ago|
Hey guys. A friend of mine has been accepted into a top10 MBA program right of of her undergrad (she smart and connected). She wants to work on the buy side in the long run and is concerned that she might not be able to land any good MBA-level internships between her first and second year of b-schoo...
|4||1 month 6 days ago|
So, hedge funds have been making speculative bets against the Yuan. After Soros released his piece last week outlining how "A hard landing is practically unavoidable", a government official responded with "Soros' challenge against the renminbi and Hong Kong dollar is unlikely to succeed, there is no...
|12||1 month 6 days ago|
Does anyone know anything about Kiski Group, or Kiski Alpha Partners? Basically all I know about them is that they are a highly regarded advisor to leading hedge funds. Heard that they just opened a fund of their own, so I was wondering if anyone had any additional insight. ...
|0||1 month 6 days ago|
I just got an offer from Fortress (FIG). It's an analyst role in their middle to back office. Just wondering how is the internal mobility in Fortress? Is it possible to move to front office after several years? ...
|3||1 month 6 days ago|
I am selling my Wall Street Prep Financial Modeling Premium Package on eBay this week. Search on eBay. ...
|0||1 month 1 week ago|
Anyone know anything about them / go through interviews in the past? ...
|22||1 month 1 week ago|
I was wondering if anyone could shed some light into how someone could begin to develop a macroeconomic framework and perhaps recommend some books/publications/resources that I could begin to read? Specifically, I am interested in better understanding how the global economies would react to one anot...
|14||1 month 1 week ago|
Apologize in advance for the noob question, but for a long/short equity hedge fund, why do certain funds take market neutral positions? My understanding is that by shorting the industry or sector, you are eliminating systemic risk associated with the industry thus any outperformance will be a result...
|3||1 month 1 week ago|