|+163||On the Job With Simple As… My Research ProcessWhen 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...||Simple As...||140||2 weeks 4 days ago|
|+105||Anatomy of the 10-KStill 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 <span class='keyword_link'><a...||BlackHat||124||7 months 1 week ago|
|+48||Hedge Fund: The Investment Life CycleMod note (Andy): Throwback Thursday, this post originally went up on 4/23/12.
Hey guys, so after some encouragement from a few of you guys I'm gonna go ahead and start a bit of a series of posts on my experience in the <strong><span class='keyword_link'><a...||BlackHat||63||1 year 1 month ago|
|+39||Random musings that sound like venting<em>Mod Note (Andy) - We're reposting the top discussions from 2015, this one ranks #8 and was originally posted 8/23/2015.</em>
There's really no point to this post.
TLDR: Sometimes it's just a job with a boss that does boss things.
<h3>1) Young PMs...||Mr. Pink Money||22||1 year 4 months ago|
|+38||My guide on how to get a hedge fund job out of undergrad<em>Mod Note (Andy) - We're reposting the top discussions from 2015, this one ranks #17 and was originally posted 2/15/2015.</em>
The topic of getting hired at a hedge fund directly out of undergraduate compels many students. The response to the question: “Is it possible to...||DaveMCR||84||6 months 4 weeks ago|
|+17||Qualities of a Great InvestorMod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #44. This one was originally posted 10/19/2015.
If you've seen some of my other posts you know that I'm not a stock picker, deal maker, or quant - I'm an...||BlueWing||8||1 year 2 weeks ago|
|+29||HF PM AMAThere appears to be some demand for an <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-a-hedge-fund-HF" rel="nofollow">HF</a></span> AMA, so here goes... I believe this will be a communal effort...||Martinghoul||137||2 months 1 week ago|
|+27||Hedge Fund Guru Answering Inbox Questions Here. Thanks Mr. Pink MoneySome of these messages are very old but I'm going to answer them anyway b/c I’m in a helpful mood.
<strong>Question: How would I know what the career path for [this particular hedge fund]? </strong>
Every fund has their own "career path"...it just depends what...||Mr. Pink Money||97||3 years 2 days ago|
|+25||The Hedge Fund Experience - Good, Bad, Ugly<em>Mod Note (Andy): Throwback Thursday - this was originally posted Feb 2009</em>
Since there aren't any decent/active discussions on the <span class='keyword_link'><a...||Mr. Pink Money||214||2 years 2 months ago|
|+25||Preparing for the HF informational interview<em>Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 12/27/09. To see all of our top content from the past, click <a href="http://www.wallstreetoasis.com/highest-ranked-discussions">here.</a></em>
I got a PM asking how to prepare for...||Mr. Pink Money||14||4 years 12 months ago|
|+24||HF Analyst: The Things I Know For Sure<em>Mod Note: Each day we'll be posting the top WSO forum posts of 2014. This one was originally posted on 5/28/14 and ranks #24 for the year by total silver banana count. You can see all our top ranked content <a...||valueisoverrated||45||2 years 3 weeks ago|
|+23||Leaving the buyside<em>Mod Note (Andy): Each day we'll be posting the top WSO forum posts of 2014. This one was originally posted on 2/23/14 and ranks #26 for the year by total silver banana count. You can see all our top ranked content <a...||endoftheroad||116||2 years 3 weeks ago|
|+21||Global macro recruiting - a primer<Redacted> ||Burke||36||3 months 1 week ago|
|+19||Random Thoughts on the HF IndustryIt’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...||BlueWing||43||9 months 1 week ago|
|+19||Random Musings on the HF Interview Process<em>Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #26 and was originally posted 8/23/2015.</em>
This is far from a definitive guide but should give you a high level overview on how to think about the process....||Mr. Pink Money||10||1 year 4 months ago|
|+17||AMA: Credit Analyst at +$5B Distressed ShopHave lurked on WSO on-and-off since pre-crisis days. Reading the material on here helped me get my first internship - time to give back. Happy to answer anything and everything. Quick background below.
- Beginning third year as investment analyst at a $5B event-driven / distressed debt...||valueisoverrated||100||4 months 3 weeks ago|
|+17||You Miss 100% Of The Shots You Don't TakeIt was a standard Sunday for JRMM – Woke up entirely too early, ate breakfast, watched SportCenter, then had to kill time before the start of day 4 of the tourney. I had just gotten home from hitting golf balls and was about to firmly plant my ass on the couch for the remainder of the day...||JrMistMaker||43||2 years 8 months ago|
|+15||Officially Out of the HF BusinessMight as well make it official and say I have left the <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-a-hedge-fund-HF" rel="nofollow">HF</a></span> business to pursue other interests on good...||Mr. Pink Money||43||10 months 3 weeks ago|
|+16||An Unconventional Message for all You Prospective Monkeys out thereLong-time reader, first-time poster.
Just wanted to share my story so far since I graduated from undergrad ~8 months ago & when I was a prospective monkey, I really appreciated people's stories of their experiences and their advice they had for others. My take is a little different...||HFcubemonkey||30||2 years 10 months ago|
|+13||Gray Fox AMA<em>Mod Note (Andy) - this AMA originally went up last August but Gray Fox wrote and said he could still answer questions</em>
I've posted here for about five years, but with much less frequency the past year and a half. @xqtrack" @Kenny_Powers_CFA" @BlackHat"...||Gray Fox||71||10 months 2 days ago|
|+13||Hedge Fund Interview Guide BETA is LIVE!We are finally here! For those of you waiting on the <strong><a href="http://www.wallstreetoasis.com/guide/hedge-fund-interview-questions">WSO Hedge Fund Interview Guide</a></strong>, thank you for your patience -- it has been a long process to get to this...||WallStreetOasis.com||6||4 months 3 weeks ago|
|+12||L/S Credit HF Analyst - AMAI'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...||CIAnonymous||77||8 months 4 weeks ago|
|+11||3rd Year HF Analyst Q&APrior reading: <a href="http://www.wallstreetoasis.com/forums/hedge-fund-the-investment-life-cycle">Hedge Fund: The Investment Life Cycle.</a> Quick background: Penn undergrad - 2 years at <span class='keyword_link'><a...||BlackHat||70||3 years 8 months ago|
|+13||Advice from an ex-IB MD: The Habits of Winners<b>Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes – George Soros</b>
My goal is to give you as many strategic advantages as possible, so that you can’t help but win in life. A month...||wilowallstreet||6||10 months 2 weeks ago|
|+10||1st Year HF Analyst taking questionsJust finished up a couple very long weeks at work and am feeling pretty generous at the moment. So, a little bit about me:
- Non-target former varsity athlete/captain
- Corp Strat to <span class='keyword_link'><a...||Simple As...||74||11 months 2 weeks ago|
|+12||Transgender at a Hedge FundI 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 <span class='keyword_link'><a...||Ashley617||40||2 months 3 weeks ago|
|+10||Global Macro's Future "Stars" - Where Are They Coming From?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...||Burke||26||3 months 1 week ago|
|+9||The Asymmetric Risk Profile: Preparing for the Hedge Fund Interview<a href="http://www.wallstreetoasis.com/guide/hedge-fund-interview-questions">Hedge fund interview questions</a> typically are trying to uncover how you think as an investor. One of the best ways to demonstrate your knowledge is to highlight that you look for investments...||Simple As...||58||2 years 5 months ago|
|+8||Finishing 1st Year as HF Analyst - Ask AnythingThere have been several of these so I don't know how helpful I can be. Will do my best
Took a pretty traditional route to get the job:
<ul> <li>Target school</li> <li>Top banking group</li> <li><span class='keyword_link'><a...||DontMakeMeShortYou||142||3 years 3 months ago|
|+9||David Tepper Personally Earns $4 Billion for 2009 PerformanceDavid Tepper grew up in a middle class neighborhood in Pittsburgh, PA. He became interested in the stock market after observing his dad, an accountant, trade stocks during the day. Following high school, he enrolled in the University of Pittsburgh, where he excelled. After Tepper graduated with...||BankingRUs9||26||6 years 1 week ago|
|+8||AMA - HY/Special Situations Analyst at $30bn+ HF in LondonLong-time user of WSO under a different account, believe it's time to give back.
Background in <span class='keyword_link'><a...||SpecialSitsDude||26||1 month 3 weeks ago|
|+6||Ask me anything: 2nd year HF analystI've been on these forums for a fairly long while, and I've noticed that, for various reasons, I've been stopping by less and less recently. If I were to guess, I'd say that's probably likely to become even more pronounced...
So before I go, I'd like to offer...||xqtrack||200||3 years 4 months ago|
|+29||From Heartbroken Undergrad to Elite Wall Street Warrior – My StoryFrequent lurker, first time poster. This is my story, with a bit of personal flair. I’ll cover why not getting an internship was the best thing that ever happened to me. Why a high GPA and and an Ivy League degree are not as important as you think. Why Renaissance, Two Sigma, et.al. are not...||-Anonymous||74||9 months 3 weeks ago|
|+7||AMA: HY/Distressed Analyst at NYC based Mid-Sized Credit Hedge FundHey all, long time lurker first time poster. Just wanted to share my background and answer questions for those interested.
Background: 7 years of investment research experience prior to b-school, mostly in equities (some credit) with half of that on the buyside at a hedge fund; sectors...||nm001g||59||1 year 8 months ago|
|+7||What I've learned about Hedge Fund Structure and Compensation Over the last few months I’ve realized just how diverse hedge funds are, and how little people (both in/out of the industry) understand about the different structures. This is my attempt to distill some of the bigger differences in ‘team structure and compensation’. It’s a detailed...||dazedmonk||42||9 months 3 weeks ago|
|+7||Babydick Capital Annual Letter 2013<a href="http://www.scribd.com/doc/203941751/BDC-Annual-Letter-2013">http://www.scribd.com/doc/203941751/BDC-Annual-Letter-2013</a>||BabydickCapital||17||2 weeks 5 days ago|
|+6||AMA, I'm the head trader for a Multi-strat HFWent to a top 25 undergrad program, been at <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-a-hedge-fund-HF" rel="nofollow">HF</a></span> <span class='keyword_link'><a...||jasonastor1||60||7 months 7 hours ago|
|+6||I'm f***ing in, you're f***ing outHey guys. Kenny F'in Powers, Chartered F'in Analyst, here. I've been away for a while getting my sh*t straight in Mexico/starting a new job. I missed a lot of PMs and forum discussions while I was busy, and I apologize for anyone who never heard back from me in the last few...||Kenny_Powers_CFA||42||4 years 4 months ago|
|+6||Random Musing on Mr. MarketAgain take everything I say with a grain of salt...
<h3>1) Are we happy yet value investors? </h3>
A while ago, I was once asked if I was happy. It was a weird question since I'm generally a happy person but this investor thought I wasn't expressing an appropriate...||Mr. Pink Money||8||1 year 4 months ago|
|+5||Valeant Pharmaceuticals/Bill Ackman E-mailsReleased yesterday.
Halt the Stock
Send out a Press Release
Advice on Conference Call
Don't speak with the media
Rome is burning
Crossposting, credits to humanafteralll from WSB.||CeterisParibus||12||7 months 2 weeks ago|
|+4||Ho-Hum to Hedge FundFor instance:
You're 25, have an Economics B.A. from a ho-hum state school, good math/stats/coding aptitude (but no formal training) and are working in NYC for a prop shop doing accounting and operations. No certifications/exams of any kind passed. You have no seed money right...||TheWizeNut||86||1 year 1 month ago|
|+4||I'm a London-based Distressed Debt Analyst - AMA I did 1 year at one of the top restructuring shops (<span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/blackstone-group">BX</a></span>, <span class='keyword_link'><a...||vulture-fund2015||69||1 year 11 months ago|
|+4||Tips on being ruthless/efficient with research?This may sound bizarre for a lot of people here with <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-investment-banking-division-IBD">IBD</a></span> analyst background, but it’s the only venue I know...||PJJ||17||6 months 1 week ago|
|+4||Ken Griffin speech on how he started CitadelKen rarely speaks publicly so interesting to hear his views on some current events.
<iframe width="420" height="315" src="http://www.youtube.com/embed/9cwf-JrrE9g" frameborder="0" allowfullscreen></iframe>||eignenvector||16||2 years 5 months ago|
|+4||Just saved you guys 820 dollars (Margin of Saftey)For all my fellow monkeys reading pleasure, so without further ado, Margin of Safety:
http://www.my10000dollars.com/<span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/morgan-stanley">MS</a></span>.pdf
Heres the...||skiboyne||13||5 years 3 months ago|
|+4||Hedge Fund Interview Horror Stores / Hedge Fund Managers and Arrogance?I had an interview with a hedge fund (was looking for experience). Got burned pretty badly.
I won't name names or specifics publicly, but it wasn't a typical <span class='keyword_link'><a...||cataractum||13||5 months 3 weeks ago|
|+4||Good post and model for valuing distressed debtThis site is run by a poster on these forums but I think this post deserves attention because it is well written and includes a good looking <span class='keyword_link'><a href="https://gv142.isrefer.com/go/wso15/wsoasis/"...||1337||12||5 months 1 week ago|
|+4||Hedge Funds in a NutshellHedge Fund Center's Definition of a Hedge Fund
A hedge fund is a private investment limited partnership that invests in a variety of securities. There are two types of partners in a hedge fund, a general partner and limited partners. The term hedge fund is misleading in that a hedge...||tester5||11||4 years 5 months ago|
|+4||I must have sacrificed myself to save my country in a past lifeBecause 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...||buysidebandit||11||3 months 2 weeks ago|
|+2||Hedge Fund Priest?Ok guys, first and foremost I am a religious man, so this isn't designed to bash on "religion," but I do like controversy! So how do you guys think this is going to end? Here is this guy who is a preist and started a hedge fund three years ago. His record has been positive, cough*...||Banquero||9||1 year 2 months ago|