1/13/13

Mod Note (Andy): by homepaging this we're not endorsing that this user actually is a HF principal. Just read through it and thought some of the comments are worth a laugh or two, enjoy

Always wanted to do one of these.

My background
- Graduated summa from one of HYPSW
- Spent 2 years in a very preftigious group at GS/MS/BX
- Moved to my current fund sometime between 2005 and 2008
- Been at the fund since

Fund is well known and mentioned in all your "top HF / which HF would you work at" type threads.

Ask away.

Comments (120)

1/12/13

What caliber of internships did you have during your undergrad that lead to the prestigious group?

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1/12/13

sandsurfngbomber:
What caliber of internships did you have during your undergrad that lead to the prestigious group?

Interned in the same group my junior year.

doriolisdog:
Have you considered leaving the world of finance throughout your career?

No, although I did worry about getting a pinkslip during a particular tough period of the crisis
1/12/13

Have you considered leaving the world of finance throughout your career?

1/12/13

Do you like your job? I'm asking you this because in any other situation it wouldn't be acceptable

1/12/13

kyleyboy:
Do you like your job? I'm asking you this because in any other situation it wouldn't be acceptable

Love it. What wouldn't be acceptable?

EtherBinge:
What do you enjoy most/least about your current position/workplace?

If you could've done something differently earlier on in your career, what would it be?


Enjoy most - free mandate to pursue value opportunities anywhere in the world
Enjoy least - pressure on results ...

slowdive:
What strategy are you in? How did you successfully make the transition from analyst to portfolio manager? Much appreciated.

Multi-strategy but value focused
Wouldn't call myself a PM in the traditional sense (i.e. XX AUM allocated to me personally which I then invest where I chose). Most value shops (ex. SAC R.I.P) do not operate that way. Rather, they'd have one or two big dogs at the top with several underlyings (principals/senior analysts) who manage the associates/investment analysts and push the best ideas up
1/12/13

What do you enjoy most/least about your current position/workplace?

If you could've done something differently earlier on in your career, what would it be?

1/12/13

What strategy are you in? How did you successfully make the transition from analyst to portfolio manager? Much appreciated.

1/12/13

What is the educational attainment and economic status of your parents?

1/12/13

SirTradesaLot:
What is the educational attainment and economic status of your parents?

Parents aren't preftigious at all. Earned multiples of their annual take home during my first analyst year.

JamesHetfield:
Why don't you have a WSO star?

How has your success been with the ladies?


Coz getting a star requires giving away my identity
Very successful (much more so than in college)
1/12/13

Why don't you have a WSO star?

How has your success been with the ladies?

1/12/13

Lol

I hate victims who respect their executioners

1/12/13

BlackHat:
Lol

BlackHat is now PM at his fund? Damn, someone create an extra troll-only questions topic for him.

1/12/13

EtherBinge:
BlackHat:
Lol

BlackHat is now PM at his fund? Damn, someone create an extra troll-only questions topic for him.

I'll field those all day

I hate victims who respect their executioners

1/13/13

BlackHat:
EtherBinge:
BlackHat:
Lol

BlackHat is now PM at his fund? Damn, someone create an extra troll-only questions topic for him.

I'll field those all day

Congrats on the promotion brother but my fund's preftige > your fund's preftige. Does this upset you?

1/13/13

NewGuy:
BlackHat:
EtherBinge:
BlackHat:
Lol

BlackHat is now PM at his fund? Damn, someone create an extra troll-only questions topic for him.

I'll field those all day

Congrats on the promotion brother but my fund's preftige > your fund's preftige. Does this upset you?

What fund do I work for again?

I hate victims who respect their executioners

1/13/13

dest149:
NewGuy:
dest149:
How tough to lateral from S&T to HF

Depends on the S&T role and type of fund

Assume S&T at a BB, working in sales, trying to get into a long/short fund. (Would getting an MBA at an M7 help this transition? I imagine so...)

You're shit out of luck there buddy. Best shot you have would be to go into a post-MBA M&A role and then hope to make the switch to a fund 1-2 yrs in. I would not count on it though.

BlackHat:
NewGuy:
BlackHat:
EtherBinge:
BlackHat:
Lol

BlackHat is now PM at his fund? Damn, someone create an extra troll-only questions topic for him.

I'll field those all day

Congrats on the promotion brother but my fund's preftige > your fund's preftige. Does this upset you?

What fund do I work for again?


Somewhere unpreftigious. I remember reading a description in another thread of yours, brother.
1/13/13

NewGuy:
dest149:
NewGuy:
dest149:
How tough to lateral from S&T to HF

Depends on the S&T role and type of fund

Assume S&T at a BB, working in sales, trying to get into a long/short fund. (Would getting an MBA at an M7 help this transition? I imagine so...)

You're shit out of luck there buddy. Best shot you have would be to go into a post-MBA M&A role and then hope to make the switch to a fund 1-2 yrs in. I would not count on it though.


If you had a choice in what S&T role and the Fund type what combinations would work? Just curious to see what you would say.
1/12/13

how quickly would you get fired if your fund found out about your wonderful online persona

1/12/13

whatwhatwhat:
how quickly would you get fired if your fund found out about your wonderful online persona

I think my preftigious performance would allow me to get a second chance. Principals gotta troll too, brother. Don't think I'd get fired unless my identity was released publicly on wso. Heck, Daniel Loeb use to troll yahoo boards as 'Mr. Pink' in the old days.
1/12/13

Just wanted to note that this has the potential for an absolutely epic thread.

1/12/13

hahaha, this thread is funny. please maneuver tactfully, so they can put your thread on the front page.
The four users above me are funnier. Ask about the parents' background? killed it.

"Graduated summa from one of HYPSW"
100% sure you graduated from either S or W, otherwise you would have just said HYP

I'm feeling like a star, you can't stop my shine---Ridin' Solo

1/12/13

midtowngal:

"Graduated summa from one of HYPSW"
100% sure you graduated from either S or W, otherwise you would have just said HYP

Maybe you're right. Maybe you're wrong. Maybe I didn't even attend HYPSW at all. Who knows, brother?
1/12/13

NewGuy:
midtowngal:

"Graduated summa from one of HYPSW"
100% sure you graduated from either S or W, otherwise you would have just said HYP

Maybe you're right. Maybe you're wrong. Maybe I didn't even attend HYPSW at all. Who knows, brother?

Then who are you trying to fool? Also, for anyone who claims from HYP, I know is certainly not from H. People like to include H in whatever catagory they are in. Take the words from a former Havard reject.

I'm feeling like a star, you can't stop my shine---Ridin' Solo

1/12/13

midtowngal:
NewGuy:
midtowngal:

"Graduated summa from one of HYPSW"
100% sure you graduated from either S or W, otherwise you would have just said HYP

Maybe you're right. Maybe you're wrong. Maybe I didn't even attend HYPSW at all. Who knows, brother?

Then who are you trying to fool? Also, for anyone who claims from HYP, I know is certainly not from H. People like to include H in whatever catagory they are in. Take the words from a former Havard reject.

Are you Asian? Just get the feeling that you got screwed by AA, and some undeserving AA candidate got in in your place.

1/12/13

JamesHetfield:
Are you Asian? Just get the feeling that you got screwed by AA, and some undeserving AA candidate got in in your place.

Yes, she's Asian. She posted a video of herself in one of the threads she started in the Monkey Around forum.

As for the OP, are you Prestigious Pete's pitcher or catcher?

1/13/13

design:
JamesHetfield:
Are you Asian? Just get the feeling that you got screwed by AA, and some undeserving AA candidate got in in your place.

Yes, she's Asian. She posted a video of herself in one of the threads she started in the Monkey Around forum.

As for the OP, are you Prestigious Pete's pitcher or catcher?

Are you the kid who did the shit that revealing senior members' identities in the previous general chat room, leading the room to be closed forever?
Please keep some distance from me. This kind of advertising made me not comfortable. THX

I'm feeling like a star, you can't stop my shine---Ridin' Solo

1/13/13

midtowngal:

Are you. he kid who did the shit that revealing senior members' identities in the previous general chat room, leading the room to be closed forever?
Please keep some distance from me. This kind of advertising made me not comfortable. THX

I've never been in the chat room. If you don't want people to know what you look like, you probably shouldn't upload Youtube vids of yourself and post the link on WSO. THX
1/13/13

JamesHetfield:
midtowngal:
NewGuy:
midtowngal:

"Graduated summa from one of HYPSW"
100% sure you graduated from either S or W, otherwise you would have just said HYP

Maybe you're right. Maybe you're wrong. Maybe I didn't even attend HYPSW at all. Who knows, brother?

Then who are you trying to fool? Also, for anyone who claims from HYP, I know is certainly not from H. People like to include H in whatever catagory they are in. Take the words from a former Havard reject.

Are you Asian? Just get the feeling that you got screwed by AA, and some undeserving AA candidate got in in your place.

Nothing to do with them. The reason I didn't get in was because I was innocent enough not mentioning anything about my Dad. I thought I could rock my way in all by myself. that's many years ago, now I could care less. Maturity.

I'm feeling like a star, you can't stop my shine---Ridin' Solo

1/12/13

How do you hedge your dates flaking? What's your therapists name? Where in Connecticut do you live?

1/12/13

karypto:
How do you hedge your dates flaking? What's your therapists name? Where in Connecticut do you live?

Date flaking - double book dates i.e. two girls for one night. Cancel one if they both confirm
Needed to do that as a younger analyst but since I got more preftigious, dates stopped flaking

Nice try on q two, brother

1/12/13

Have you heard of Lumina Investments?

"Better to remain silent and be thought a fool than to speak out and remove all doubt." --Abraham Lincoln

1/12/13

OkComputer:
Have you heard of Lumina Investments?

Those guys are killing it, brother. Pimple faced forever alone virgins putting us hedge fund veterans to shame, brother.
1/15/13

OkComputer:
Have you heard of Lumina Investments?

Too good.

1/12/13

How tough to lateral from S&T to HF

1/13/13

dest149:
How tough to lateral from S&T to HF

Depends on the S&T role and type of fund

IlliniProgrammer:
Who taught you how to spell prestigious?

Pumos, brother

H34D SH01:
why do you continue to misspell "preStigious"? "preftigious" isn't a word, brother

(100 IQ poster)

midtowngal:
NewGuy:
midtowngal:

"Graduated summa from one of HYPSW"
100% sure you graduated from either S or W, otherwise you would have just said HYP

Maybe you're right. Maybe you're wrong. Maybe I didn't even attend HYPSW at all. Who knows, brother?

Then who are you trying to fool? Also, for anyone who claims from HYP, I know is certainly not from H. People like to include H in whatever catagory they are in. Take the words from a former Havard reject.


me: copped dat preftigious HYPSW summa cum laude
You: HYPSW reject

SirTradesaLot:
How tall are you?

What I lack in height, I make up for in wealth, brother

design:

As for the OP, are you Prestigious Pete's pitcher or catcher?

I could only wish. He is the master.
1/13/13

NewGuy:
dest149:
How tough to lateral from S&T to HF

Depends on the S&T role and type of fund

Assume S&T at a BB, working in sales, trying to get into a long/short fund. (Would getting an MBA at an M7 help this transition? I imagine so...)

The WSO Advantage - Investment Banking

Financial Modeling Training

IB Templates, M&A, LBO, Valuation +

IB Interview Prep Pack

30,000+ sold & REAL questions.

Resume Help from Actual IB Pros

Land More IB Interviews.

Find Your Perfect IB Mentor

Realistic IB Mock Interviews.

1/12/13

Who taught you how to spell prestigious?

1/12/13

why do you continue to misspell "preStigious"? "preftigious" isn't a word, brother

1/12/13

why do you continue to misspell "preStigious"? "preftigious" isn't a word, brother

Also why is this in the i bank subforum, not the hedge fun one..?

1/12/13

Then who are you trying to fool? Also, for anyone who claims from HYP, I know is certainly not from H. People like to include H in whatever catagory they are in. Take the words from a former Havard reject.

Seriously, this HYPSW s...tuff isn't all its cracked up to be. If you're in the top 50% of applicants on SAT scores, top 50% on grades, and top 50% on personals, it's a fricking lottery. I say that as a YP grad student who first got rejected from the very same school he attends.

Life is about what you produce and the values you hold, not your prestige*.

*: Unless you work in academia or in IBD at a Wall Street bank.

People like to include H in whatever catagory they are in. Take the words from a former Havard reject.

A Harvard student doesn't always want to give away the fact that he is a Harvard student, though. There is some ambiguity there.

My favorite thing is that even within these schools, we need ranking and classification systems. We need to classify people by major, by secret society and/or eating club and/or fraternity, by whether they're a PhD in Mathematics or an International Econ student. Elite is never good enough on the prestige scale for people. There is always more. The guys with a Nobel Prize are jealous of the guys with two Nobel prizes.

And it's the same way with money and power as it is with prestige. People are always comparing themselves against others and wanting more.

I think the seven kindest words in the English language- to oneself and to others- are "I am content with what I have". You can follow that, if you'd like by saying "I have everything I need and much of what I want. I have a roof over my head, I have food on the table. I have the use of all four limbs. I have at least a little free time today. Some people have more than me, but I have enough."

1/13/13

IlliniProgrammer:
Then who are you trying to fool? Also, for anyone who claims from HYP, I know is certainly not from H. People like to include H in whatever catagory they are in. Take the words from a former Havard reject.

Seriously, this HYPSW s...tuff isn't all its cracked up to be. If you're in the top 50% of applicants on SAT scores, top 50% on grades, and top 50% on personals, it's a fricking lottery. I say that as a YP grad student who first got rejected from the very same school he attends.

Life is about what you produce and the values you hold, not your prestige*.

*: Unless you work in academia or in IBD at a Wall Street bank.

People like to include H in whatever catagory they are in. Take the words from a former Havard reject.

A Harvard student doesn't always want to give away the fact that he is a Harvard student, though. There is some ambiguity there.

My favorite thing is that even within these schools, we need ranking and classification systems. We need to classify people by major, by secret society and/or eating club and/or fraternity, by whether they're a PhD in Mathematics or an International Econ student. Elite is never good enough on the prestige scale for people. There is always more. The guys with a Nobel Prize are jealous of the guys with two Nobel prizes.

And it's the same way with money and power as it is with prestige. People are always comparing themselves against others and wanting more.

I think the seven kindest words in the English language- to oneself and to others- are "I am content with what I have". You can follow that, if you'd like by saying "I have everything I need and much of what I want. I have a roof over my head, I have food on the table. I have the use of all four limbs. I have at least a little free time today. Some people have more than me, but I have enough."

Hear, hear!
Very true and healthy perspective.
The industry and many of us could use more of this sanity check. The paradoxical thing is that, for many , the more they have the less they recognise this.

Most valuable asset for me at the moment: time. " And time, is a string of pearls"

1/12/13

How tall are you?

1/12/13

Do you frequent xoxo? I'm guessing so given how you use phrases like "preftigious" and "brother"

Also, what made you go for HF or PE?

1/13/13

Newspeak:
Do you frequent xoxo? I'm guessing so given how you use phrases like "preftigious" and "brother"

Also, what made you go for HF or PE?


Titcq

Did not want to do PE. Thought working at a HF would be more intellectually stimulating. Lol jk, I did it for the money.

1/12/13

I always use HYPMSCW.

I am going to leave the C ambiguous- it might be Cornell, Chicago, Columbia, or CMU.

Also anyone who thinks someone who uses the phrase HYPSW goes to Stanford doesn't know any engineers or quantitative types from that school. Again, there are smart people anywhere, but if it were possible to compare the engineers at Stanford to the engineers at HYP and have a winner, the engineers at Stanford might just win (only to face a tough challenge from MIT, IIT (India), and Berkeley.)

1/12/13

IlliniProgrammer:
I am going to leave the C ambiguous- it might be Cornell, Chicago, Columbia, or CMU.

IP, no love for CalTech?

1/12/13

Nouveau Richie:
IlliniProgrammer:
I am going to leave the C ambiguous- it might be Cornell, Chicago, Columbia, or CMU.

IP, no love for CalTech?


Sure, why not? That said, I've only spent about two weeks of my life west of the Mississippi.
1/13/13

Since your identity is well protected, would you mind sharing your take home income for the last year (or some sort of range)? Most data points on WSO are for banking or more junior positions on the buyside, would be interested to know how much someone who "kills it" in a preftigious buyside gig nets before PM level.

1/13/13

f4tality:
Since your identity is well protected, would you mind sharing your take home income for the last year (or some sort of range)? Most data points on WSO are for banking or more junior positions on the buyside, would be interested to know how much someone who "kills it" in a preftigious buyside gig nets before PM level.

Average is probably around $1.5m with a range of $500k to $10m+ so positive skew with a long tail
1/13/13

NewGuy:
f4tality:
Since your identity is well protected, would you mind sharing your take home income for the last year (or some sort of range)? Most data points on WSO are for banking or more junior positions on the buyside, would be interested to know how much someone who "kills it" in a preftigious buyside gig nets before PM level.

Average is probably around $1.5m with a range of $500k to $10m+ so positive skew with a long tail

Cheers for that.

So you say you're in it for the money, would you trade places with someone less preftigious but making more (high school drop-out owner of several car dealerships, 30 year old from non-target at Glencore at the listing etc)?

1/13/13

f4tality:

So you say you're in it for the money, would you trade places with someone less preftigious but making more (high school drop-out owner of several car dealerships, 30 year old from non-target at Glencore at the listing etc)?

Good question. I honestly don't think I would. The HS drop out probably lives in a thrashy flyover state ... no thanks. Plus I love the preftige of what I do as much as I love the money and I really enjoy the work. Plus with diminishing returns to acquired wealth, I'm not sure if my lifesytle would really be that different with $100m net worth compared to $10m. I don't live a flashy life at all.
1/13/13

if i were to go to GS / MS / RBS / JPM / BX could i get into H / P / Y with a CFA and great ECs so that i could work at KKR / TPG / ATY / BX / HLHZ / SAC, and will i need to know how to calculate FFO / CFO / EBITDA / NI / EBITDAR / IRR or just know DCF / MOM / FIG?

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

1/13/13

Oreos:
if i were to go to GS / MS / RBS / JPM / BX could i get into H / P / Y with a CFA and great ECs so that i could work at KKR / TPG / ATY / BX / HLHZ / SAC, and will i need to know how to calculate FFO / CFO / EBITDA / NI / EBITDAR / IRR or just know DCF / MOM / FIG?

Your MOM is more than sufficient, brother

SonnyZH:
Congratulations on the preftigious thread preftige brother.

Thanks thanks
1/13/13

NewGuy:

Your MOM is more than sufficient, brother

[


Mum > mom, get with the british prestige son. You're better than that.

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

1/13/13

Congratulations on the preftigious thread preftige brother.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

1/13/13

What's your top 15 most preftigious l/s funds?

Why are you so preftigious?

1/13/13

Ok, so OP was raised by Pumas who had really bad lifps; that's why he misspells prestige. Got it.

1/13/13

IlliniProgrammer:
Ok, so OP was raised by Pumas who had really bad lifps; that's why he misspells prestige. Got it.

It's a dumb meme he got from another message board. Worst troll I've seen in a while.

1/13/13

SanityCheck:

It's a dumb meme he got from another message board. Worst troll I've seen in a while.

How exactly do you guys define troll? I like to use memes and clearly have spent too long lurking the internet, but my posting history should easily prove that my job credentials are legit. If that doesn't, a PM convo I had with Oreos a few months back should.
1/13/13

NewGuy:
SanityCheck:

It's a dumb meme he got from another message board. Worst troll I've seen in a while.

How exactly do you guys define troll? I like to use memes and clearly have spent too long lurking the internet, but my posting history should easily give away that my job credentials are legit.

Cliff Assness, is that you?
http://dealbreaker.com/2008/12/advice-to-our-hedge...

This has gone beyond trolling into the category of sad.

1/13/13

how old are you?

what watch do you wear?

how many days/year do you fly with an aeroplane?

what do you do in your free time?

why hiding so much if its anonymous?

1/13/13

animalz:
how old are you?
Somewhere between 25 and 55

what watch do you wear?
Not a Patek but similar quality. Not a watch enthusiast by any stretch so I just went for one a bunch of preftigious bros on a watch forum were praising

how many days/year do you fly with an aeroplane?
More than I'd like

what do you do in your free time?
Lots of reading. Running. Some other things which I can't say as not many people do them

why hiding so much if its anonymous?
More fun when anonymous, brother

Answers in bold

1/13/13

NewGuy:
animalz:
how old are you?
Somewhere between 25 and 55

what watch do you wear?
Not a Patek but similar quality. Not a watch enthusiast by any stretch so I just went for one a bunch of preftigious bros on a watch forum were praising

how many days/year do you fly with an aeroplane?
More than I'd like

what do you do in your free time?
Lots of reading. Running. Some other things which I can't say as not many people do them

why hiding so much if its anonymous?
More fun when anonymous, brother

Answers in bold

lame answers, desmond

1/13/13

1. If you are a principal, do you get a non-discretionary payout, ie the capital sleeve you are pseudo-responsible for is 400mm, its up 20% generating 16mm in incentive fees, and you get 5-10% of that?

2. Please provide a ranking of the 5bn+ value funds in terms of preftige.

1/13/13

Gray Fox:
If you are a principal, do you get a non-discretionary payout, ie the capital sleeve you are pseudo-responsible for is 400mm, its up 20% generating 16mm in incentive fees, and you get 5-10% of that?
Preftigious lean value shops where one or two men make the key investment decisions do not operate that way (think Pershing, Greenlight type funds). Many preftigious funds with less concentrated portfolios also operate the same way (eg Baupost) as the two I mentioned previously. Fund could have as little as $100m or as much as $1bn+ in my ideas. My bonus is discretionary.

Please provide a ranking of the 5bn+ value funds in terms of preftige.
There is no ranking. It's a completely binary thing. The fund is either preftigious, or it is not.

Reply in bold

1/13/13

Gray Fox:
2. Please provide a ranking of the 5bn+ value funds in terms of preftige.

Curious as well, NewGuy.

Also curious if anyone is aware of any value funds outside of Greenlight, Pershing, and Baupost. Seems like no. Or are those the only three in existence perhaps?

I hate victims who respect their executioners

1/13/13

Omega is a famous one, Fairholme, Kynikos, Owl Creek, Third Avenue - there are a ton, there also value driven PMs at many of the key funds

1/13/13

ILOVENYGUY:
Omega is a famous one, Fairholme, Kynikos, Owl Creek, Third Avenue - there are a ton, there also value driven PMs at many of the key funds

Altman is embarrassing nowadays, he used to be so cool

I hate victims who respect their executioners

1/13/13

ILOVENYGUY:
Omega is a famous one, Fairholme, Kynikos, Owl Creek, Third Avenue - there are a ton, there also value driven PMs at many of the key funds

BH was being facetious

1/14/13

Gray Fox:
ILOVENYGUY:
Omega is a famous one, Fairholme, Kynikos, Owl Creek, Third Avenue - there are a ton, there also value driven PMs at many of the key funds

BH was being facetious

Can someone get me a job at Kynikos by the way?

I hate victims who respect their executioners

1/13/13

Did you work in IBD or S&T before moving to the HF?
Any recommendations for students who fail to land interviews/offers at BB's?

1/13/13

No more shenanigans, no more tomfoolery, no more Ballyhoo. What's your favorite color?

1/13/13

Charles-perry:
Did you work in IBD or S&T before moving to the HF?
Any recommendations for students who fail to land interviews/offers at BB's?

Yes. Find another career.

BTbanker:
No more shenanigans, no more tomfoolery, no more Ballyhoo. What's your favorite color?

Purple

Financier4Hire:
Bonjour ! I'm a French model and NewGuy works in finance.

NewGuy,

1. Did you clear your high-water marks last year ?
2. What is the expected volatility of your top two performing funds ? What about expected correlation to both the equity and bond markets ?

Thank you.


Not answering fund specific questions

BTbanker:
Financier4Hire:
BTbanker:
Financier4Hire:
BTbanker:

Comment allez vous? J'espere que vous avez une grand jour!

Da, u menya bolshoy den v etom sumasshedshem dome. Yu good on Russian also, buddy ?


No, no hablo ruso, aber ich spreche Deutsch.

Mas loco que una cabra en patines, compadre ? NewGuy tambien.


NewGuy come mierda para el desayuno, y le gusta.

Lol 180. Bastard.

Mps721:
Could I still work for a hedge fund with an engineering undergraduate degree?

Dumb question.

mlg321:
What tips would you give to a current student who just wants to get better and better at investing? Any specific reading list, etc..?

Looking back, what advice do you wish someone had given you concerning investing?

Thanks


Plenty of recommended reading lists in old threads. Best thing one can offer you is an opportunity to prove yourself. It doesn't come often but when it does, your prior preperation will be the difference between failure and preftige.

Read as much as you can. There really is an incredible library of information online. And do all your reading before you start your analyst programme because you won't have time once you get there.

1/13/13

NewGuy:
Charles-perry:
Did you work in IBD or S&T before moving to the HF?
Any recommendations for students who fail to land interviews/offers at BB's?

Yes. Find another career.

BTbanker:
No more shenanigans, no more tomfoolery, no more Ballyhoo. What's your favorite color?

Purple

Financier4Hire:
Bonjour ! I'm a French model and NewGuy works in finance.

NewGuy,

1. Did you clear your high-water marks last year ?
2. What is the expected volatility of your top two performing funds ? What about expected correlation to both the equity and bond markets ?

Thank you.


Not answering fund specific questions

BTbanker:
Financier4Hire:
BTbanker:
Financier4Hire:
BTbanker:

Comment allez vous? J'espere que vous avez une grand jour!

Da, u menya bolshoy den v etom sumasshedshem dome. Yu good on Russian also, buddy ?


No, no hablo ruso, aber ich spreche Deutsch.

Mas loco que una cabra en patines, compadre ? NewGuy tambien.


NewGuy come mierda para el desayuno, y le gusta.

Lol 180. Bastard.

Mps721:
Could I still work for a hedge fund with an engineering undergraduate degree?

Dumb question.

mlg321:
What tips would you give to a current student who just wants to get better and better at investing? Any specific reading list, etc..?

Looking back, what advice do you wish someone had given you concerning investing?

Thanks


Plenty of recommended reading lists in old threads. Best thing one can offer you is an opportunity to prove yourself. It doesn't come often but when it does, your prior preperation will be the difference between failure and preftige.

Read as much as you can. There really is an incredible library of information online. And do all your reading before you start your analyst programme because you won't have time once you get there.

Why is my question dumb?

Mps721

1/13/13

This guy is clearly an XOXO troll. Don't bother asking any real questions.

1/13/13

Bonjour ! I'm a French model and NewGuy works in finance.

NewGuy,

1. Did you clear your high-water marks last year ?
2. What is the expected volatility of your top two performing funds ? What about expected correlation to both the equity and bond markets ?

Thank you.

"I like money (as do most females) but love is...great :)"-student
"Perhaps you've failed to take into account my hidden assets"-007
Omnia

1/13/13

Financier4Hire:
Bonjour ! I'm a French model and NewGuy works in finance.

NewGuy,

1. Did you clear your high-water marks last year ?
2. What is the expected volatility of your top two performing funds ? What about expected correlation to both the equity and bond markets ?

Thank you.


Comment allez vous? J'espere que vous avez une grand jour!
1/13/13

BTbanker:
Financier4Hire:
Bonjour ! I'm a French model and NewGuy works in finance.

NewGuy,

1. Did you clear your high-water marks last year ?
2. What is the expected volatility of your top two performing funds ? What about expected correlation to both the equity and bond markets ?

Thank you.


Comment allez vous? J'espere que vous avez une grand jour!

Da, u menya bolshoy den v etom sumasshedshem dome. Yu good on Russian also, buddy ?

"I like money (as do most females) but love is...great :)"-student
"Perhaps you've failed to take into account my hidden assets"-007
Omnia

1/13/13

Financier4Hire:
BTbanker:
Financier4Hire:
Bonjour ! I'm a French model and NewGuy works in finance.

NewGuy,

1. Did you clear your high-water marks last year ?
2. What is the expected volatility of your top two performing funds ? What about expected correlation to both the equity and bond markets ?

Thank you.


Comment allez vous? J'espere que vous avez une grand jour!

Da, u menya bolshoy den v etom sumasshedshem dome. Yu good on Russian also, buddy ?


No, no hablo ruso, aber ich spreche Deutsch.
1/13/13

BTbanker:
Financier4Hire:
BTbanker:

Comment allez vous? J'espere que vous avez une grand jour!

Da, u menya bolshoy den v etom sumasshedshem dome. Yu good on Russian also, buddy ?


No, no hablo ruso, aber ich spreche Deutsch.

Mas loco que una cabra en patines, compadre ? NewGuy tambien.

"I like money (as do most females) but love is...great :)"-student
"Perhaps you've failed to take into account my hidden assets"-007
Omnia

1/13/13

Financier4Hire:
BTbanker:
Financier4Hire:
BTbanker:

Comment allez vous? J'espere que vous avez une grand jour!

Da, u menya bolshoy den v etom sumasshedshem dome. Yu good on Russian also, buddy ?


No, no hablo ruso, aber ich spreche Deutsch.

Mas loco que una cabra en patines, compadre ? NewGuy tambien.


NewGuy come mierda para el desayuno, y le gusta.
1/13/13

BTbanker:
Financier4Hire:
BTbanker:
Financier4Hire:
BTbanker:

Comment allez vous? J'espere que vous avez une grand jour!

Da, u menya bolshoy den v etom sumasshedshem dome. Yu good on Russian also, buddy ?


No, no hablo ruso, aber ich spreche Deutsch.

Mas loco que una cabra en patines, compadre ? NewGuy tambien.


NewGuy come mierda para el desayuno, y le gusta.

@BTBanker That's right. I'm with you.

NewGuy, as you field questions readers are throwing at your glorious and befitting career, perhaps you can answer mine. I'd also like to hear about things like the intercorrelation with your peers and how consistent are your absolute returns.

"I like money (as do most females) but love is...great :)"-student
"Perhaps you've failed to take into account my hidden assets"-007
Omnia

1/13/13

Could I still work for a hedge fund with an engineering undergraduate degree?

Mps721

1/13/13

180 use of "pumo," "brother," and "preftigious."

What percentage of your time at work do you spend "poasting?"
Also, is this your alter-ego: ,.,...,,,..,,.,.,,,.,,,....,. ?

1/13/13

Newspeak:
180 use of "pumo," "brother," and "preftigious."

What percentage of your time at work do you spend "poasting?"
Also, is this your alter-ego: ,.,...,,,..,,.,.,,,.,,,....,. ?

Ty ty

I don't post on xoxo....way too dangerous. Just been lurking for years. Scared some aspie (Doobs) will go through my poast history and somehow out me. Only post on this bort.

1/13/13

what are the rest of you alter egos like? does one of them like to sniff your grandma's panties? thanks

How big is yours?

1/13/13

What tips would you give to a current student who just wants to get better and better at investing? Any specific reading list, etc..?

Looking back, what advice do you wish someone had given you concerning investing?

Thanks

1/13/13

are you hulk hogan, brother?

1/13/13

This kind of thread brings back memory of the good ole days on WSO. Throwing a box of viagras to the monkeys. Unfortunately, yours is just a weak attempt. I'm bored already and before I leave, here is my question for ya:
What happened lately that hurt your ego so bad to make you show off here like a jackass?

I'm feeling like a star, you can't stop my shine---Ridin' Solo

1/13/13

Must be HBS with that swag. The bishes meltin'... BROTHER.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

1/13/13

midtowngal:
This kind of thread brings back memory of the good ole days on WSO. Throwing a box of viagras to the monkeys. Unfortunately, yours is just a weak attempt. I'm bored already and before I leave, here is my question for ya:
What happened lately that hurt your ego so bad to make you show off here like a jackass?

(Ugly unhinged shrew still MAF about her HYPSW rejections)

How does it feel to be a female incapable of attracting attention on a website filled with monkeys?

1/13/13

I am sorry that I am late to the thred. Have you gotten bonus in the past several years? What are your fund's redemptions? How far below your watermark are you?

1/13/13

NewGuy -- congrats on finding something that you seem to really enjoy doing. did you go to a liberal arts (non-finance) undergrad school? assuming that you started out in banking, how did you find the transition from banking to HF? what was the ramp-up / switch like and what convinced you to keep going in a presumably challenging environment in the first couple months / year at your current firm? thanks!

1/13/13

oppcostofcapital:
NewGuy -- congrats on finding something that you seem to really enjoy doing. did you go to a liberal arts (non-finance) undergrad school? assuming that you started out in banking, how did you find the transition from banking to HF? what was the ramp-up / switch like and what convinced you to keep going in a presumably challenging environment in the first couple months / year at your current firm? thanks!

Ty brother. Not saying anymore than that I went to HYPSW. I've probably given more specific info in one of my old posts on WSO but would rather not do so in this thread.

Steepness of my learning surve in the first 6 months on the buyside was similar to the curve in my first 6 months of banking. The biggest difficulty was trying to navigate through the BS the sellside feeds you (in reports, IMs etc) but once I got there, things started to click. I've also had to look at some distressed situations so reading legal documents was a new skill I had to learn very quickly.

Enjoyment of the work made going on very easy.

1/13/13

Question: Why does everyone say "preftige"? Am I missing something here?

1/13/13

TeddyTheBear:
Question: Why does everyone say "preftige"? Am I missing something here?

Do you live under a rock? Preftige is the spelling used among those in high finance, brother.

1/13/13

TeddyTheBear:
Question: Why does everyone say "preftige"? Am I missing something here?

The f is to supposed to mimic the old-English "s" where it was long and curvy like an integral sign.
1/13/13

If you're here, who's running hell?

1/13/13

Yes I guess I live under a rock, because I just don't understand why its called that way. Is there an actual reasoning for it or is it just random?

Best Response
1/13/13

Sorry I'm late to the party, amigo. Marvelous thread you have here. It's just admirable the charity you're doing here by giving away your treasure chest of knowledge of high finance and preftige for free. On the other hand, it's also a little cruel though- to tempt these plebeians with a glimpse of a world that's just beyond their soot stained fingertips.

Couple quick q's for you amigo:

1) What do you love most about yourself? That you bask in the preftige of working at an ultra preftigious HF/PE shop? Your large sums of wealth? That you're so much better than everyone else in every way? I myself struggle to answer this, truly a challenging question.

2) How do resist the urge to vomit a little in your mouth when you encounter such pathetic excuses for human beings that have no chance of ever making it inside an ultra preftigious HF/PE shop unless they're mopping the floor? Me personally I try to divert my mind by thinking of happier things, like the glorious success of my banking days, but I'm curious to hear your technique.

3) How big is your penis? And by big, I mean both length and girth. I got an 8-incher myself, and it's also pretty girthy. I won't think less of you if you're not quite as endowed, but I always like to get a sense as to where I stand in this department with men of my class and status.

1/13/13

Prestigious Pete:
Sorry I'm late to the party, amigo. Marvelous thread you have here. It's just admirable the charity you're doing here by giving away your treasure chest of knowledge of high finance and prestige for free. On the other hand, it's also a little cruel though- to tempt these plebeians with a glimpse of a world that's just beyond their soot stained fingertips.

Couple quick q's for you amigo:

1) What do you love most about yourself? That you bask in the preftige of working at an ultra preftigious HF/PE shop? Your large sums of wealth? That you're so much better than everyone else in every way? I myself struggle to answer this, truly a challenging question.

2) How do resist the urge to vomit a little in your mouth when you encounter such pathetic excuses for human beings that have no chance of ever making it inside an ultra preftigious HF/PE shop unless they're mopping the floor? Me personally I try to divert my mind by thinking of happier things, like the glorious success of my banking days, but I'm curious to hear your technique.

3) How big is your penis? And by big, I mean both length and girth. I got an 8-incher myself, and it's also pretty girthy. I won't think less of you if your're not quite as endowed, but I always like to get a sense as to where I stand in this department with men of my class and status.

Pete! Your eloquence puts me to shame, brother.

1) My face. It's literally a 8.5/10 which, combined with my wealth and career preftige, easily puts me in the top 0.0001% of males in Murica.

2) I just remind myself that without them, my preftige would not be preftigious.

3) 7.5 inches after my penis reduction surgery. It's much more managable now and I've never been happier.

1/13/13

excellent -- that's what I suspected / great to hear that you got through that and are still enjoying things.

1/13/13

serious question here: what resource / fund manager / book has had the most impact on your investment process / style or simply the most thought provoking?

less serious: are you a memember at Tramp? If not, my prestige > yours

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

1/13/13

Oreos:
serious question here: what resource / fund manager / book has had the most impact on your investment process / style or simply the most thought provoking?

less serious: are you a memember at Tramp? If not, my prestige > yours


1 - None. Learned more in the first 6 months on the job than I could have learned from any book. The people who have the most impact on ones investment process will usually be the senior guys at the fund one joins as an entry level investment professional. Takes a while before anyone develops their own investment style.

2 - Nope. I'm not a flashy guy, brother.

1/13/13

Oreos:
serious question here: what resource / fund manager / book has had the most impact on your investment process / style or simply the most thought provoking?

less serious: are you a memember at Tramp? If not, my prestige > yours

@Oreos What's so great about TRAMP ? Do you get a kick out of paying PS 40 for a Cuban cigar ? Or are you dying to bump into Paris Hilton so much ? I wouldn't go in there if it was 100% free.

"I like money (as do most females) but love is...great :)"-student
"Perhaps you've failed to take into account my hidden assets"-007
Omnia

1/14/13

Financier4Hire:
Oreos:
serious question here: what resource / fund manager / book has had the most impact on your investment process / style or simply the most thought provoking?

less serious: are you a memember at Tramp? If not, my prestige > yours

@Oreos What's so great about TRAMP ? Do you get a kick out of paying PS 40 for a Cuban cigar ? Or are you dying to bump into Paris Hilton so much ? I wouldn't go in there if it was 100% free.


near my work (com'on, i'm not actually going to go hang out with 19 year olds in Mahiki or the ex-pat population of Hong Kong and UAE in Funky Buddah, am i?), walk straight in (ie no queue), and who the fuck smokes cigars on a night out?

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

1/13/13

NewGuy: When are you setting out on your own? Just about all of the "preftigious" value funds have seeding programs (Greenlight Masters, the entire Tiger network, etc) or the senior guys have enough connections where they can just set up shop on their own (Greenspan left Blue Ridge and raised $1bn before launching Slate Path).

When are we going to see Preftigious Capital Management at the top of the Bloomberg 100 rankings?

1/13/13

Gray Fox:
NewGuy: When are you setting out on your own? Just about all of the "preftigious" value funds have seeding programs (Greenlight Masters, the entire Tiger network, etc) or the senior guys have enough connections where they can just set up shop on their own (Greenspan left Blue Ridge and raised $1bn before launching Slate Path).

When are we going to see Preftigious Capital Management at the top of the Bloomberg 100 rankings?

Would like to see a few credit/economic cycles before branching out on my own. Perhaps in 4 to 5 years, brother.

1/13/13

Were you the bully or the bullied growing up?

1/18/13

SirTradesaLot:
Were you the bully or the bullied growing up?

Bullied :( I'm winning now though, brother

Outsider:
u sound legit

Thank you, brother. Thank you.

companion:
Do you drive your own car?

Sometimes

mxc:
If HKDUSD 6m FX fwd points are -30/-15:

- what is the rate differential?
- do you consider that an acceptable bid/offer for $50 million equivalent?

Any macro trader should be able to answer that. And if you're not in global macro, it ain't that preftigious anyway.


Global macro isn't preftigious bro. It's a sport for the boomers. Name one preftigious global macro HF dude in his 20s ....
1/13/13

Were you at the last Carbon party? How often do you frequent Provocateur?

What kind of jet do you use to fly to St Barth's for NYE, and were you at Gaddafi's party 2 years ago?

Jokes aside, I'm kind of serious...

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.

1/13/13

u sound legit

How big is yours?

1/14/13

Do you drive your own car?

1/14/13

Did Tommy take home the girl you tried to chat up on Saturday?

1/15/13
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