*"The Michael Jordan of Hedge Fund Managers".

25% net return to investors annually since inception w/an average Sharpe Ratio of 2.5.

"This man has returned 3x the returns of Warren Buffet with a third of the risk"

Well, I've been down on my luck lately, I got turned down for a Fund of Funds Analyst role and I'm waiting to see if I can get into Santa Clara University for an MSF. I figured doing something good will turn things around. And up to this point, I've been exceptionally greedy in regards to my resources of contacts. I found the holy grail of contacts for HF's (California) a while ago. I've also experienced that the response rate is much higher as well.

http://www.calhedgefund.org/index.html

All you have to do is sign up and get to the membership directory. Enjoy.

Does anybody have any recommendations on good blogs that commentate on market events / companies much like WhiteHat's blog (http://huntingforcommoncents.wordpress.com/)?

I have never traded on a personal account, although I dabbled with options and stocks on a simulator for a while. I'm starting FT IB work at a BB this summer and I might be interested in working at a hedge fund instead of PE.

I don't really have any cash to throw around in the debt/equity markets, although I could always invest in a simulator.

How important is personal trading when doing HF recruitment? What about for credit/distressed debt/special sit HFs? Would those be more forgiving than a long/short fund of people who didn't have personal investing experience?

If it is very important, how can I get started with it in the month or so that I have before I start work, or is it too late? Do a lot of people lie about personal trading experience?

Anybody made the transition? How were you able to gain the public markets experience needed for recruiting? And how did you get around the stigma from hopping into PE after banking (instead of HF)?

Any comments would be appreciated. Thanks!

Does anyone know of any start up hedge funds that are hiring?

Been thinking about the future (and present) of the hedge fund industry lately. Many of the tools of the trade are so well-known that it is increasingly difficult to outperform. To that end, I have two questions:

1) What are the most creative/entrepreneurial funds you know of? I mean creative in terms of strategy (e.g. Coleman's drift into pre-IPO P/E , Ackman's turnarounds) or research process (e.g. Einhorn's sleuthing). I'm less interested in baller quants(e.g. Renaissance) unless you can actually explain what they do.

2) What can a typical fundamental L/S shop do to gain an edge (e.g. Analyze faster? Only invest into market dislocations? )?

3) What do you think of the state of the industry? In particular, are L/S equity managers basically turning into L/S mutual funds?

Gotta make this quick - at work.

After reading the risible, lambaste worthy & somberful post of "biggest life regrets"

http://www.wallstreetoasis.com/forums/the-single-b...

It's evident for MOST of the posters on this forum (whom I'm guessing are <25, 21?) loathe their college decisions, root cause being their high school decisions thus by transitive property loathe high school decisions.

Seems like many people would like a do-over in life because their models & bottles dreams never materialized (or never will). Honestly, thought the posts were hysterical. It seems like it’s too bad that many of you weren’t conceived in Amy Chua’s womb.

I am current IB analyst interviewing with equity l/s value and special situations funds. I have had a few interviews but have held off reaching out to too many firms as I am still working on finalizing my pitches.

I had an interview the other day and was asked "if you had a list of companies to choose from, without knowing anything about them, and only having financial statements available (and ratios), what are the two metrics you would use to pick a company for an investment"..What would you say?

Anyone know anything about this Toronto based firm?

Most of the time when I hear about hedge fund founders, I only hear one name, with the exception of Charlie Munger and Jim Rogers. I'm curious to know how often HF's have multiple founders?

The goal of chipping in $2-3 million with 4 other pissed off MD's certainly feels more attainable than raising the $10+ million by myself, that I often hear is necessary to realistically have a shot at this thing.

Sent via Galaxy S Sucks.

Anyone know of any good small cap value investors to follow? Mohnish Pabrai, the guy I used to follow, seems to have shifted to mostly large and mid cap stocks.

My qualifications:
-Primarily invests in companies with a market cap of less than $1 billion.
-Annualized returns of 20%+ over the last 5 years (preferably more).
- A history of holding onto stocks for more than one year, otherwise the 13-F is horseshit information by the time we see it.

I've got a few SB's left to give out.

Anyone have this list that they can post? It is in an article published by HFAlert.

"Equity Shops Run Gamut From Lean to Robust"

http://www.hfalert.com/headlines.php?hid=160186

What type of reputation do these groups hold on a national level?

Obviously they are large and well-known locally and throughout the MW, but what about in NYC, Boston, Greenwich, San Fran, LA?

Curious to hear.

http://www.mergernetwork.com/buy-businesses-for-sa...

$150 million kind of sounds like a steal for $3 billion in AUM, if we're playing by the 2/20 rule. At that valuation, it appears that anyone who buys a hedge fund and achieves annualized returns of ~10% will be filthy rich.

Am I missing something here? The only thing I can think of is people withdrawing money from the fund once they find out the previous fund manager is leaving, but I don't think that alone would justify such a steep discount.

Anyone read this? It covers the history of hedge funds and the stories behind some of the big names. Fantastic book; just finishing it now.

In the 10xleverage MS/KKR thread, it was said that a lot of pre-MBA associates at places like KKR/BX are trying to move into hedge funds after their two years.

Why is this? Is PE not the holy grail in the minds of the top performers?

Also, which hedge funds and what types of hedge funds are these people trying to get into? Which HFs require PE experience?

Hi,

With the holidays coming up and with nothing to do currently, I am considering sending a blanket letter and CV to several hedge funds to see if they need an intern over the holiday period.

Unfortunately I don't have any contacts in the HF industry, but have a summer internship at a BB lined up and would like to get some experience.

I know it is a really small chance to get some work from this, but is it worth my effort.

Anyone had any success through stuff like this?

Thanks for any input.

In process of recruiting for HFs for post-MBA analyst position. Everyone says it's best to show that you've had a passion for investing since a young age. I'm more of the type where I love studying companies, extracting information, forming an opinion based on discussions, and having an obsession for tracking progress/being right. That said, I do not have a PA (at least not a well thought out one - invested in a few one off stocks here and there but no real story behind that) and didn't think about hedge funds until after my MBA. I did growth equity before and the main motivation for me to go into HFs is for the reasons mentioned above and that I can spend the majority of time doing that (vs. process/bureaucracy in PE/growth funds). The question is - how do I frame my story?

Dear WSO friends,

Want a job in Private Equity or Hedge Funds, meet the industry's leading managers and network with an extremely select group of the world's brightest students ?

Apply now to the London School of Economics SU Alternative Investments Conference 2013 before the 4th of Decemeber 2012 on lseaic. c o m. So what’s the LSE SU Alternative Investments Conference? The LSE SU Alternative Investments Conference is the world's largest student-run conference on hedge funds and private equity, bringing together over 50 speakers and 350 delegates from across the world. We are delighted to confirm an incredible line-up of speakers this year :

- Jim O’Neill, Chairman of Goldman Sachs Asset Management
- Stephen Pagluica, Managing Partner at Bain Capital

I'm starting to try to narrow down what types of exits I want to focus on with head hunters next year.

Assuming one is in an M&A, Lev Fin, Sponsors, top Industry group, how would you guys rank the following exits from banking in terms of:
a) selectivity/difficulty of entry
b) desirability among analysts
c) foundation for long term career
d) compensation
e) whatever other criteria analysts value

Megafund PE
Middle-Market PE
Distressed Debt Hedge Funds
Merger Arbitrage/Event Driven Hedge Funds
Macro Hedge Funds
Megafund Credit Fund (like THL Credit, KKR Credit, etc)
Early Stage Venture Capital
Late Stage Venture Capital
Other?

Hi,

I am a newbie on WSO. I am currently in derivatives pricing/risk (almost 4 years). I have done my MS in Quantitative Finance. However, I am a semi-quant and not a hardcore quant PhD. I have good understanding of markets and use of derivatives, risks, pricing models. I work in financial services firm in NYC (not a bank). My ultimate goal is to move to Asset management/ investment management. I have not been able to find leads into pricing roles on buyside yet. My question: is CFA enough to move to eventually move to portfolio management? Or should I be targeting MBA from top 10 bschools? Again the same ROI of MBA question. I did my research on WSO but could not find convincing answer. Any replies would be much appreciated.

Thanks!!

Hello all,

I am new to this site and quite impressed with the wealth of information.

Would my MS Accounting open doors in PE, Derivatives sales, PWM etc analyst/associate position...?

Since my university isn't a target school for Wall Street, I am looking at firms in FL, TX, and GA.

I am 25 and will be graduating with my a MS Accounting in summer 2013, and my current GPA is 3.7 / 4.0. I initially wanted to work in Accounting (CPA), but realized I would bore myself to death.

my education credentials:

_I hold a B.S in Management from the University of South Florida 3.0/4 GPA (young and stupid partying)
_Certificate in Financial Management from Cornell University
_Certificate in Management Consulting from Geogia State University

Thanks!