First Pitch/Trade
In your first hedge fund job, how long did it take before you pitched your first idea and had that idea go into the book?
In your first hedge fund job, how long did it take before you pitched your first idea and had that idea go into the book?
Career Resources
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A year or smth like that...
2 weeks, make it a good pitch.
Wow. That was fast... did you have equity research experience before?
yes, myself and the other analyst source around 90% of the portfolio.
1st job - never (quant fund) 2nd - 4 days i think. got faded a couple times as well.
What do you mean by faded here? They positioned against you? Never seen this usage before, usually I see it referring to general (non-technical) mean reversion.
Or you just on the good?
"In contrast to a rival like SAC Capital founder Stevie Cohen, who is famously vocal when he disagrees with a subordinate’s trade, say these people, Bacon finds a more subtle way to undo what he views as the potential damage: He sometimes retreats to his office and places an opposing trade, a tactic that hedge fund mavens call “fading” a colleague."
http://dealbreaker.com/2012/02/whispers-in-assistants-ear-tell-louis-ju…
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"faded.." I have never heard of that expression, but hey maybe your pitch prompted another trading idea... As long as it makes moeny, whatever...
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