Interview with Fund of Hedge Funds this week...HELP!
So I have a final round finance interview with a top-10 fund of hedge funds this friday. I'm a political science major but have a decent GPA from a top-25 undergrad with internship at a boutique PE...the job is an account management analyst, where my role will basically be to support the account managers by preparing marketing materials, analyzing and staying abreast of different funds and fund managers, etc.
They want someone analytical, with good writing and communication skills and interest in finance. Not super quanty despite the analyst title, which is why I think my experience landed me the interview.
Any advice on how to go about this? How to explain my lack of a quant background? Wtf does a FOHF want to hear anyway?
ANYTHING AT ALL HELPS!!! I'm a graduating senior and this is my last shot at employment. Thanks in advance.
Well, you're going in to interview for a HFoF in an IR role. I would suggest that first you show that you've got good interpersonal skills as the position will likely transition into an actual sales or IR role. Stress your strong Powerpoint and excel skills, you will be making lots of marketing materials, modifying pitch books, etc... Form = Substance ^2 after all.
Explain that you're interested in the HF industry but beleive HFoFs are more up your alley because of the exposure you will get to all the different strategies the Fund runs. Explain why sales rather than asset management.
Be able to talk about hedge fund strategies, i.e. know the difference between discretionary macro books and l/s books. If you can show them that you have a sincere interest in the field, can display your knowledge, technical and industry, you should be fine. Remember, they want someone who they can put in front of clients to do simple updates eventually, someone who can answer the phone and explain why a strategy is or isn't working to clients, etc... Good communication skills are paramount.
Hope this helps.
What do back office roles pay at a hedge fund like that?
It's not typically considered a back office position. You are going to client meetings because you made the book, materials, graphs, etc... Much in the same way if a senior banker has a question on a model, the analyst is expected to answer, you have to be able to explain the materials you put together in front of clients or potential clients.
The pay is contingent on the performance of the group, but in a well performing fund/group, you should expect roughly 100-150 all in comp for the analyst years, i.e. before you're expected to start drumming up actual business.
F of fs is so much fun. i really liked it. lol.its like endless social+ pointless discussion of legendary names on street. it was a great summer,
Not to highjack the thread, but what could i expect in an interview with a F of HF for a investment role.
geez, i already told u, are you a social person with excellent interpersonal skills and charm, do you like pointless discussion of big picture stuff and shallow understanding of intl markets? can you talk abt some popular HFs in europe, asia, and the U.S. , their performance, management team, and strategy.
what else can you expect in f of f
So what questions would I be getting asked? About specific hedge funds? The HR representative told me that there'd be a lot of "vocabulary" and testing to see if you understood "terminology"...
Go to jpmorgan.com under career section they have what is call the "jargon buster" which should be all the vocab you need
Fund of Hedge Funds Interview (Please Help!!) (Originally Posted: 08/27/2013)
Hey everyone,
I have an upcoming 2nd round interview for a ~1bln AUM FoF (Hedge Funds). Now, the experience level for this position is 0-1 years, plus finance internships (they want someone that has had a high finance internship). Is this common for hedge funds or FoF, to get someone who does not have the typical 2 year analyst FT exp.?
My guess is that they are looking for a candidate that they can groom and train, they also said the path out is in the next 3-5 years, the candidate will go to b-school.
Any type of help and/or insight is much needed and appreciated, as I'm trying to look for what to study and how to prepare for this type of interview. In the phone interview, they asked me technicals about CDS, CDOs, and CMOs, etc.
How should I prepare for this interview? You think they will ask me to do a case study or something else? Thanks.
Is this for a FoF that invests a lot in credit managers? I don't know why you'd get 1st round specific questions about credit derivatives for a FoF unless it was to test general finance knowledge. Maybe they've invested in some creditm managers lately?
I would be prepared to discuss the various hedge fund strategies. how you would evaluate a hedge fund manager, and why you would invest with one over the other. Thing like investment risk, operational risk, etc. How would you have spotted some of the big hedge fund frauds of the last few years?
I'd also have a view on the equity and credit markets along with a good understanding of how risk and return relate to portfolio optimal construction. At the end of a day you're building (what should hopefully be) a optimized portfolio of hedge funds as opposed to an optimized portfolio of securities.
Interview advice for fund of hedge funds? (Originally Posted: 06/06/2010)
I have an interview this week for an associate level portfolio management role with a fund of hedge funds. Does anyone who works at a similar fund or who has gone through fund of funds interviews have any advice? Would be much appreciated. Thanks.
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