The Wall Street Oasis Hedge Fund Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the hedge fund industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate ...
|0||5 months 5 days ago|
I'm at one of the multi-manager equity l/s platforms (think Point72, Surveyor, etc.) as an associate/junior analyst, getting recruited to another one for a more senior analyst role. From what I see around me, basically every l/s equity team (including PMs) works a ton, call it 6-7 days a week on ave...
|7||10 min 37 sec ago|
Obviously in Finance everything revolves around numbers. But my main question is in your role, what is the level of maths you do? Is it only percentages and addition, subtraction and multiplication or is complex maths? ...
|5||4 hours 47 min ago|
I work in private equity and have gotten an offer to move over to a prominent long/short equity multimanager hedge fund. I know that I would enjoy the job itself but I'm very worried about getting laid off. The industry seems brutal and there have been tons of firings in the news due to fund closure...
|4||9 hours 5 min ago|
My bank has access to sell side equity research reports from a few brokers, including ourselves. But I was wondering how do you get a sell side-built model for a stock that you are interested in? ...
|5||9 hours 16 min ago|
Straight from http://uk.businessinsider.com/former-hedge-fund-ma... which I don't even like as a source for being too much reliant on click baits. Yet: Managers "don't get paid anymore," he said. "They work really hard hours, the stress is ludicrous, the amount of assets you are able to raise is not...
|5||11 hours 46 min 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...
|1||1 month 3 weeks ago|
Fellow Monkeys, I am trying to get greater perspective on Apollo Credit and was hoping to hear from those who are more familiar with the firm. My basic understanding is that the Credit group is divided into a few sub-groups including: 1) Performing Credit - Seemingly focused on Asset Management 2) P...
|2||1 day 1 hour ago|
Hey guys - posted on here quite frequently: my background is I currently attend a top 50 UG b-school in the South that's a semi-target for 2 or 3 BB's, rather unseen by others (but growing rapidly). Current finance/econ double major but some advice from those in the HF space have suggested I pursue ...
|4||1 day 1 hour ago|
tell me about which teams trade more heavily with SF tech companies on the NYSE. Which has a bigger trading team???? ...
|37||1 day 5 hours ago|
Is anyone familiar with the Fundamental Research Analyst role at D.E. Shaw? The posting on career services states: "Research analysts are vital to the firm's fundamental investing groups, and we're looking for talented individuals with a unique perspective to join our team. Research analysts will be...
|0||1 day 9 hours ago|
Hi, anyone has some details about Squarepoint? It seems one of the up and coming firms out there but it is really hard to find info - like AUM, reputation, trading vehicles, style (high or mid-freq), structure (deshaw style, millennium style or something else). Where does it line up compared to othe...
|4||1 day 14 hours ago|
I am currently a second-year corporate banking analyst at a BB and have started prepping for jumping to the buyside in a credit-focused role. I've been asking a lot of individuals for advice given my background and have come up with these potential exit opportunities to focus on: - MM Lending / Priv...
|0||2 days 6 hours ago|
I currently work at a medium sized fund. My resume looks like what you'd expect, highly selective undergrad, good work experience, MBA from a top 3 program, passed the CFA the first time through, and have done well for the year and a half I've been at my current fund since graduating business schoo...
|40||2 days 6 hours ago|
I have a phone screening coming up with AQR. Any idea what to typically expect at that stage? The role is in portfolio management/asset allocation. ...
|1||2 days 8 hours ago|
I desperately want to do something crazy but also with high possibility to achieve. I am starting trading for a while, but found out not money coming not that efficient. How to earn 10k in one month? Appreciate any advice. Thanks ...
|9||2 days 8 hours ago|
Which S&T products and desks typically will lead to the best opportunities to make a jump to a hedge fund? ...
|0||2 days 8 hours ago|
I'm at a semi target undergrad. The fund managers have 15years of experience, with annual returns of 15-16% before redemptions during the crisis. I'm curious as to what the salary, training, etc would be like. Thanks! ...
|1||2 days 15 hours ago|
Hello everyone, I'm curious about the differences between single managers and multi manager platforms, and would appreciate any general observations. I looked through some old threads and came across a few posts that seemed to imply that life can be more stressful at the multi managers since they te...
|0||3 days 22 min ago|
Hi All, I started out over two years ago trying to make my move from engineering undergrad to the investing world. The shortest version is I studied cleantech engineering undergrad > got laid off from a startup that failed to raise VC before I even started that job > did a year of energy effic...
|5||3 days 6 hours ago|
I currently am a first year analyst at a mid-size hedge fund (~$2bn AUM) with no bonus guidance. Based on my discussions with industry peers and past WSO threads, it sounds like the typical comp range is $100-125k base plus $100-200k bonus in a normal or good year. However, the fund is having a bad ...
|24||3 days 11 hours ago|
Hi all, I was hoping to get some advice on breaking into the research teams at event-driven/special situations hedge fund focused on stressed/distressed and catalyst-oriented/situational opportunities (restructurings, bankruptcies, spin-offs, etc.) in both public and private securities across the ca...
|1||3 days 12 hours ago|
Hey guys, was hoping to get your thoughts on career paths post-HF. I'm a 2nd year analyst a L/S generalist fund (post 2-year of BB IBD) and I've come to the realization that HF life isn't really for me long term. I can clearly tell I'm just not as passionate about the job as my peers and I don't liv...
|0||4 days 5 hours ago|
Hi guys - currently a sophomore at a non-target declared in finance and economics (double major). I'm looking short term to break into IB (did an internship last summer as a freshman w/ a boutique in M&A), but long term looking into hedge funds (ideally L/S but they seem to be a dying trend). I...
|9||4 days 17 hours ago|
I'm currently considering a role at a PE firm that specializes in complex transactions, incl. bankruptcies, turnarounds, complex divestitures, etc. It seems like the role would encompass both a set of financial analysis skills, industry analysis skills, and operational/management analysis skills. I...
|3||4 days 17 hours ago|
Guys, I know no one here thinks highly of GSEs, however can anyone with relative experience or skill set tells me what kind of skill set can one learn from a job that involves Private Label Security Credit Risk Analysis, and what's a sensible career path for this kind of role? Is distressed debt hed...
|0||5 days 3 hours ago|
Hey everyone, I'm brand new here so hopefully this hasn't been covered before. I've spent the better part of a decade practicing M&A law. I recently moved to Boston and am looking for work/considering options. I've been trading forever and my portfolio is about 60% currencies, 40% equities/optio...
|13||5 days 5 hours ago|
Hello, Today is my first day as being a member of Wall Street Oasis and this is my first post. I was quite fortunate to enter the buy-side immediately after graduating undergrad. The company I worked for had 6 mutual-funds and while we were small we had great success initially. I worked my way up fr...
|18||5 days 13 hours ago|
I recently had an interview with a long/short deep value fund. The team is fairly small (think <10) and I had an interview with their PM. The interview was entirely behavioral/fit. Towards the end, he told me that I can shadow their analysts for a day to get a feel of what they do on a daily basi...
|3||6 days 3 hours ago|
Hi guys, I'm a junior from a target university with a solid resume. I have a super this weekend with D.E. Shaw and then GS/MS/JP IB the following week. Also looking at a few other buy side shops and corporate roles. I'm not as interested in sell-side as all of my friends seem to be, but would be wil...
What A Sellout
|10||6 days 7 hours ago|
There appears to be some demand for an HF AMA, so here goes... I believe this will be a communal effort with several people contributing, including myself. Briefly about me: I have been in the mkt for almost 15 years, always specializing in global rates. Currently, a PM in a reasonably large mac...
|131||6 days 11 hours ago|
Interested to hear what podcasts you listen to in order to keep up to date with the markets. (: wso ...
|18||6 days 11 hours ago|
Hi guys, I've kinda posted on this topic before but I keep getting conflicting advice and I'm interested in what I should do with my current scenario. About me: I'm a current sophomore economics and finance double major at a non/semi target (semi for some BB's) top 50 liberal arts university busines...
|0||6 days 15 hours ago|
I recently applied for Point72's Academy Summer Analyst Position through their website. A little over a day later, I received an email inviting me to participate in their candidate vetting process by taking a ~10 minute online cognitive reasoning assessment. Does anyone have any experience taking th...
|7||6 days 17 hours ago|
Hi, I am debating between a quant research analyst position in hedge fund (think AQR, DEShaw, 2sigma) and Citi quant trading. Very different firms and seeking some advice to make a decision.HF: better rep & comp, work seems fun, but quant research can possibly get very academic (not sure if I wa...
|0||1 week 16 hours ago|
I interned at a medium to large L/S commodities HF this past summer and received a return offer. I loved pretty much everything about the job and was told I should go seek out other opportunities, but there will be room for me if I like that more than anything else. I've now interviewed with 6 diffe...
|0||1 week 1 day ago|
Have a simple question for you guys that you might be able to help me with. I am thinking about a situation where the company is levered pretty high, and could repurchase debt to delever over next couple of years. I think these repurchases would be at par, so not a distressed exchange. My question i...
|0||1 week 1 day ago|
A number of friends/acquaintances want to give me money to manage on their behalf. Obviously if I were to do this under a personal account it would be illegal. So how hard/costly is starting an investment fund that can take money from other people? I would just want the cheapest, simplest legal stru...
|116||1 week 1 day ago|
I've been a frequent reader of WSO for the past few years and I thought it might be helpful to anyone interested in a similar career path as mine. I definitely gleaned a lot from others here so hopefully I can answer some questions people might have. Background: 2nd Year Research Analyst at a top 5...
|13||1 week 2 days ago|
Any tips on making this transition? Spent 2 years doing BB IBD, at a Hedge Fund now and want to PE. Does it make more sense to get an MBA to make the transition or to try to move over now? ...
|2||1 week 3 days ago|
I haven't been on this site for too long but I have been here long enough to know that the presence of any people in HF's is almost non-existent. Right now time are tough for everyone and especially HF's (maybe not the HFT's) who are dealing non-stop with the stress that comes with holding a lot of...
|25||1 week 3 days ago|
After talking to a friend who used to work for a large law firm here, we ended up discussing some funds operating in the litigation funding/asset recovery linked to fraud cases - some of which were reportedly operating here in Brazil. Any insights on this specific area of focus? known players, is t...
|0||1 week 4 days ago|
I currently go to MIT, and two peers and I are launching a fund in January. Using a novel valuation metric one of my cofounders brought to the table and some relatively novel/sophisticated stochastic modeling (I published on the method for NLP applications in high school) we do machine learning-driv...
|6||1 week 4 days ago|
Now that I'm laid off I don't have access to nearly any of the research/databases that I had previously. I'm trying to get a few write-ups/models completed before I start interviewing here yet can only find sites that have sales/earnings consensus estimates. Does anyone know a free site that provid...
|4||1 week 5 days ago|
Hi guys. I'm currently 16 and a year away from leaving school. I want to pursue a career in Hedge Funds since I really enjoy learning about financial markets and investing. I live in Australia which amounts to nearly fuck all in the Hedge Fund and AM industry. However I have interned twice at a Hedg...
|24||1 week 5 days ago|
Is there a quick rule of thumb to calculate the change in value of a bond based on an interest rate move? For example, if the 10-yr yield goes from 1.75% to 1.00%, is there a quick way to find the new price based on current price and relative interest rate move? TIA ...
|2||1 week 6 days ago|
Hi All, As a bit of background I am applying for the London Academy role. I am aware there have been posts on the topic in the past but I haven't found one with even a short description of the superday's structure. Wondering if anyone can share their experience on the structure, be it for the SA or ...
|3||1 week 6 days ago|
I have an initial round interview with Citadel for Quant Research. Does anyone have any experience with what this is like, and is there a heavy emphasis on C++/Java questions? ...
|4||1 week 6 days ago|
HF legend Julian Robertson shared some interesting thoughts on the HF industry and its future. Hedge funds are facing the most challenging time Tiger Management's Julian Robertson said he's seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of c...
|16||1 week 6 days ago|
I applied for the Aperio internship and received an email to take an assessment that's supposed to take about 20 minutes to complete. I'm a CS student and the role is for their Aperio team (data science/machine learning). Any idea what I should expect? I'm not familiar with this process - any help/d...
|1||2 weeks 12 hours ago|
I am planning to create a few stock pitches to apply for L/S HF roles. For those who have created stock pitches before, would you say it is a must to create a model? It seems very tedious to create the 3 financial statements and projections from scratch. Could I do without the model? Thanks ...
|5||2 weeks 1 day ago|
I'm interested in joining a hedge fund as an Energy focused research analyst. Any advice on what top firms or types of opps I should focus would be helpful! Preliminary, I'm only hearing of Energy fund opps in Houston and NYC, but those aren't my favorite cities for the long term... ...
|2||2 weeks 2 days ago|
Anyone know which search groups work closely with the quant funds? I'm not sure where to start, most of my friend in banking are starting to talk with the gobuysides/dynamics etc for more of a fundamental shop, are these solid places to reach out to with my goals? ...
|1||2 weeks 2 days ago|
I'm currently looking at MM Lending opps within PE firms and it looks like there is a dearth of information on the strategy on WSO Can anyone that works in or around this strategy offer any insight on the career path? ...
|0||2 weeks 3 days 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. ...
|3||2 weeks 3 days ago|
Just wondering, from a buy-side perspective, what is the perception of different BB macro teams in terms of strength/exit ops ect? Any insights appreciated! Thank you! ...
|10||2 weeks 3 days ago|
As per the title, has anyone completed the Sonru video interview for Man Group? What are the questions like? Thanks! ...
|0||2 weeks 4 days ago|
I'm a recent graduate that recently reached out to a hedge fund for junior-level opportunities. I have no prior experience aside from a remote internship I currently have at Seeking Alpha. They asked for my GPA and SAT scores, which drew some concern on my end because I graduated with a sub 3.0. I'...
|0||2 weeks 5 days ago|
Hi there, I am currently in the process of making up my mind regarding post-IB analyst opportunities. While there is an abundance of information on PE as an exit, the info on distressed debt or special sits is more limited. Can someone shed some light on some of the following questions? 1) Is someon...
|4||2 weeks 5 days ago|
It seems like the bulk of macro funds operate on the multi-manager model, with very few single-manager ones coming to mind. Equity funds, on the other hand, are less imbalanced between the number of single vs multi manager funds. Is there some underlying reason for this? ...
|0||2 weeks 5 days ago|
Current junior at semi-target, 3.4 Econ+Math (much higher major GPAs though). Solid work experience, etc. Anyone know of any places I should look into? I've applied to D.E. Shaw but didn't get a first round there, and the positions at Citadel seem a little too technical for my qualifications. ...
|0||2 weeks 6 days ago|
For those of you who have seen Showtime's new show, "Billions," I'm wondering what you think of it? It "borrows" a lot from the SAC Capital story and includes some corny moments, but overall I thought it was entertaining. Paul Giamatti and Damian Lewis are both good actors, if nothing else. If you ...
|30||2 weeks 6 days ago|
http://pagesix.com/2016/07/06/wall-street-hot-shot... How have I not heard about this mother fucking legend before? ( https://www.youtube.com/watch?v=UI8EAuWW96c ) ...
|5||2 weeks 6 days ago|
I have a few hundred grand of paper money to use for a long/sort, market neutral hedge fund, and I have about a month to trade. Would love to have any advice on how to get started, first couple of positions, other recommendations. Thanks in advance. ...
|0||3 weeks 6 hours ago|
Hi - I was hoping to get some advice; I am seeking to break into the buy side but my background is pretty unique so I am having a hard time going about it. I'm a lev fin lawyer by trade, but I work with an organization that works directly with many buy side shops, including some of the biggest. I ha...
|6||3 weeks 8 hours ago|
|36||3 weeks 10 hours ago|
Does not having a formal education act as a true hindrance to access to the industry, and if not what is the catalyst that would allow me to gain access? I'm currently just a day trading fool on my own time but I watch the markets and keep up on anything related to foreign exchange and over all ec...
|12||3 weeks 10 hours ago|
Hello! I'm new to this website and to investing in general. I've created a spreadsheet tracking my options (vertical) spreads and received help in calculating the per trade, monthly, and annual RORC values from my trading institution. In July I experienced a loss and still came out ahead for the m...
|0||3 weeks 1 day ago|
having trouble understanding a fundamental accounting question that plays into valuation: "If there is an Income Statment expense at any time and a corresponding impact on the cash flow statement, then the Income Statement is overstating the true cash impact. The company is paying more on the Income...
|4||3 weeks 1 day ago|
First things first, this is my first post on WSO (although I've lurked around for a while without making an account), so bear with me if I ask/say anything stupid or put this in the wrong place. I'm currently a sophomore Electrical Engineering student, and I'm looking to find an internship with a he...
|0||3 weeks 2 days ago|
No surprise here. This trend is only going to accelerate, as hedge funds and asset management firms hire brilliant computer scientists for research and investing roles. It will be interesting to see whether more fundamental funds (long-short equity, special situations, distressed debt) will start ...
|38||3 weeks 3 days ago|
Was asked this question recently in an interview and it seems to be a popular interview question. I feel that I answered the question pretty well doing a good amount of research on the company a few months before. After the interview I started to think..what did I leave out? Here are some of the thi...
|12||3 weeks 3 days ago|
What professional backgrounds are today's and tomorrow's top global macro minds coming from? And how much does the environmental backdrop help explain this? Pretty simple question, but I think it's interesting to note the following trends for context. The first generation of global macro investors (...
|26||3 weeks 3 days ago|
Anyone worked with Mercury Partners before? I'm considering retaining them for a search but I don't know much about them. Has anyone worked with them before either as a candidate or a client? ...
|21||3 weeks 4 days ago|
In an investment game in my class and so far my big winner has been shorting Wells Fargo. Should I short DB or are they going to comeback within the next couple of days? ...
|6||3 weeks 5 days ago|
Hey guys, What do you think the exit opps would be from starting in the strategy / corporate office of a HF. My background is M&A and Strat Consulting (5 years total) and I'm currently doing an MBA! ...
|0||3 weeks 5 days ago|
Brevan Howard announced today that they are cutting some management fees to 0%. It probably signals that things are getting tougher for HF's and the industry is getting even more competitive. What does this mean for the HF industry in general? Is it the start of a new trend? Or is it just an experim...
|15||3 weeks 5 days ago|
All, does anyone have info on the P72 modeling test? It's supposed to be half an hour. This is for L/S equities and for an experienced role (i.e. equity analyst). Anything is much appreciated... ...
|8||3 weeks 6 days ago|
Brevan Howard Asset Management wants your money. In fact, it wants it so badly that the fund even slashed its fees as long as you don't ask for your money back. "Facing investor redemptions and faltering performance, Brevan Howard, the London-based firm with a $14.5 billion flagship fund, is telli...
|0||4 weeks 1 hour ago|
I was contacted about an Investment Associate opening at Bwater and they said that there will be a skills test. Anyone know what it is about? It's supposed to be an hour long and something I email back (possibly some Excel file) after receiving instructions. ...
|5||4 weeks 9 hours ago|
The hedge fund industry seems to be becoming tough to survive in. Perry Capital has announced that it's shutting down, while Brevan Howard is lowering its charging fee to 0% for investors. In Perry's announcement of closing down, founder Richard Perry stated: "The industry and market headwinds agai...
|0||4 weeks 9 hours ago|
I am currently a sophomore who has been trading stocks and options for over a year. I am learning financial modeling on my own and am confused as to why I would study finance over accounting if I want to land an analyst gig out of college. Say I wanted to break into the HF scene.... If I wanted to w...
|2||4 weeks 1 day ago|
Looking for some info on equity finance / securities lending desks. Considering a buy side opportunity at 10 bn+ Equity long short fund. Is this a good spot to be? Exit ops? Seems like a trading role but it falls under treasury. Not a ton of literature out there on this topic. ...
|0||4 weeks 1 day ago|
Looking for Hedge Fund for high yield short opportunity. Trade profit $100M to $3B, depends on funds capital. Trade period: 1 week. Trade prep 1 month. Serious inquiries only. ...
|0||4 weeks 1 day ago|
Why are we not allowed to view Blastoise's account? Nothing else to say, must complete 100 word minimum. ...
|0||1 month 6 hours ago|
Because I am so goddamn lucky. I'm currently an exchange student in Hong Kong. After dinner, a few friends and I decided on a whim to get drunk and go to a horse racing stadium. Horse racing is a big fucking deal in Hong Kong-- tons of people go there on Wednesday and Sunday nights to drink, gamble...
|11||1 month 7 hours ago|
Not looking in particular for prop shops or small funds...Are there any notable HF out here with a more quantitative slant? Looking more towards a research role but not too familiar with the area. ...
|4||1 month 13 hours ago|
I just accepted an analyst position for S&T at a BB with desk placement to come a little while after starting. In the future (a few years down the line) I would like to work on the buy side and be closer to the investment decision. My question is three fold: 1. What would be better for someone w...
|0||1 month 1 day ago|
I was doing some research on the industry and came across this article: http://fortune.com/2016/09/15/hedge-fund-fees-cut/ Hedge funds across the globe are cutting their management fees as they struggle to attract investors in the face of weak returns, industry data shows. In a sign of the stru...
|0||1 month 1 day ago|
Hello everyone. I am currently a resident physician that intends to finish residency training for personal reasons. However, I do not foresee myself practicing clinical medicine in the long run if I can help it. I enjoy talking to most patients and enjoy seeing them get better with my plans but prac...
|13||1 month 1 day ago|
I am now on holidays from school and I am set on a career in Asset Management, specifically Hedge Funds. What are some things a high school student can do to best prepare for a career in AM/HF if any. ...
|9||1 month 2 days ago|
Could anyone give me some information about them? Like culture, intern experience, hours..etc? Much appreciated. ...
|0||1 month 4 days ago|
Don't won't to waste too much time here...I recently accepted an internship position with one of the Big 4 in their Audit practice. Their deadline to accept was August 31st, way before Summer Analyst positions were starting interviews, recruiting, etc. I don't really like Accounting as much as I do ...
|2||1 month 6 days ago|
I recently obtained an interview with a hedge fund called Element Capital Management in NYC for a summer internship position. From what I understand its a macro fund, mostly quantitative, and around 4 billion AUM. Would appreciate it if anyone has any more information on this fund, i.e. culture, peo...
|15||1 month 1 week ago|
First off, I am not anti-hedge fund nor do I want to cast a negative light on any investment vehicle. However, to inform people that not everything they believe to be true about hedge funds is, true. Although they don't apply to all funds, these are the top ten myths for 'average' hedge funds. 1. H...
|7||1 month 1 week ago|
I have an interview for a position at a student run investment fund for an investment analyst position in oil & gas. It's a multiple round interview process in which I'll need to pitch a stock. I've been working on the valuation and I can't get the balance sheet to balance without using a plug. ...
|2||1 month 1 week ago|
My profile: I've just finished my PhD in computer science from a top-ranked US college with good publication record. I need a private office, or somehow isolated place, as I use speech recognition to work due to RSI. I have used speech relation for years and it doesn't increase my productivity (on t...
|0||1 month 1 week ago|
Relatively new 3bn HF at Goldman focusing on credit I believe. Does anyone know anything more about them? ...
|5||1 month 1 week ago|
I've recently come across a very interesting public company. However, the issue I have is the company is listed on the Hong Kong stock exchange, does not have an ADR and isn't in any mutual fund or ETF. The only way I can get to invest is to directly buy shares on the Hong Kong exchange. Does anyone...
|0||1 month 1 week ago|
There doesn't seem to be much information on this firm. How well are they respected on the street? Is the Dallas Office a FO, or is there mostly BO and MO there? Also any information on pay,perks etc. would be great. Thanks. ...
|6||1 month 1 week ago|