1/23/10

I have to present a hedge fund case study on a stock to a long/short shop on Tuesday. The company is a fairly known retail company. Does anyone have any experience doing take home case studies and then presenting them for hedge funds? Would love to have some guidance and examples if possible. I know I dont have a lot of time.

Let me know.

Thanks!

Comments (6)

1/24/10

I just found out the PM is traveling and now I have until Thursday of this week.

Any suggestions? I don't want to just copy an equity research report, trying to see if anyone has any unique insight on what they did?

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3/19/12

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1/14/11

2 questions on these hedge fund case studies:
1) If you're going in to present a stock they picked for you, does that mean they prefer a powerpoint or written submission?
2) Since they picked the stock, what if you don't find it compelling to buy or sell? Can you pitch a price a target that's not too off from market or assuming that's frowned upon?

3/19/12

I'm too inexperienced to be any type of authority here, but I've had a few of these and typically when they pick a company for you it's either one they've recently done some work on and ended up not putting a position on (in which case it's okay to be mum on giving a recommendation) or a company they already have in their portfolio. Only suggestions I'd have for you are to look at the 13F and see if they own the company long or short, and if not then don't worry about "getting it wrong." Just present a valid case or evidence that makes it okay to not have conviction one way or the other. They want to see how you analyze a company and how you go about picking a stock, there's typically not a right or wrong answer (unless they're long the company and you have it as a conviction sell...)

I hate victims who respect their executioners

3/19/12

I will also assume this isn't a first round interview for you, so you should hopefully understand their style.

That should help you focus your efforts - do they only care about whether the Company will beat the street in the next Q, or are they looking at the bigger picture.

Second, understand and be able to critique the bull and bear case. Read sell-side research. Chances are, there's one or two assumptions on which the Buy/Sell decision hinges. If you recommend buying the stock, you should expect them to throw the bear case at you and be able to defend yourself. You don't have to recommend being long or short, you can be in between, but know at what price you'd buy it or short it.

Lastly, it all depends on how junior you are. If you are coming out of an investment bank, they are clearly considering that background and may want to see a detailed model, transaction / trading comps. The less junior you are, the less important that becomes.

5/11/16
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