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The Hedge Fund Experience - Good, Bad, UglyMod Note (Andy): Throwback Thursday - this was originally posted Feb 2009 Since there aren't any decent/active discussions on the HF forum, I figure I start a thread highlighting the good, bad, and ugly aspects of working at a hedge fund. This is based on my personal experiences so don't take... 1 year 4 months
Elliott Management's Juniper PresentationAgree? Disagree? http://ify.valuewalk.com/wp-content/uploads/2014/01/JuniperJanuary.pdf (Side note: Having candidates deconstruct these type of presentations during an interview is pretty useful. Anyone can regurgitate a pitch with practice. I want to see if you can identify the holes or... 1 year 6 months
Group: Read the FootnotesThis group will highlight the good, bad, and ugly aspects of working at a hedge fund/buyside. Trade stories, share insights, or just follow along. I've decided to start a group to better organize topics that interest me and ensure my posts do not get buried in the forums over time. 1 year 8 months
Preparing for the HF informational interviewModerator Note (Andy): Best of WSO - this post originally went up December 2009 and we thought it deserved to go back on the homepage for those who may have never seen it. I got a PM asking how to prepare for an informational interview with a HF manager. Since I don't post often, I'm going to... 2 years 6 months
Hedge Fund Guru Answering Inbox Questions Here....Some of these messages are very old but I'm going to answer them anyway b/c I’m in a helpful mood. Question: How would I know what the career path for [this particular hedge fund]? Every fund has their own "career path"...it just depends what the founder thinks. Some give a shit and want to... 2 years 9 months
Investing with a catalystI came across a blog post about Bill Gates calling Kodak "toast" back in 1991 that serves as a good reminder on why you really need to have a catalyst when investing. http://www.businessinsider.com/bill-gatess-amazing-yet-terrible-call-on-kodak-2009-12 http://brontecapital.blogspot.com/2009/12/... 5 years 7 months
Technical questions forumHave you considered starting a technical questions forum? Some of my favorite topics on this forum are related to valuation, modeling, and technical questions. I enjoy discussing the various technical questions prospective analysts are being asked, and highlighting why the textbook answer might... 5 years 8 months
Dan Loeb videoDan Loeb video. Pretty interesting. 6 years 9 hours
Suggestions: Headhunters, Coconuts, and Bottle...(Every now and then I like to take off my hf hat and put on the old start-up hat.) Suggestions: 1. Add a headhunter forum: There are already some good (isolated) threads floating around, but I think the topic warrants a dedicated forum. It be a good resource for all the analysts going through... 6 years 5 months
Savile Row saleFor those still employed, looks like Savile Row is having a sale. http://www.savilerowco.com/products/men/men-classic-slim-fit-suits I've definitely rocked this look look before. http://www.savilerowco.com/en/us/products/men/men-classic-slim-fit-suits/three-button-classic-suit/pid-... 6 years 5 months

Comments

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1. Two weeks is fine but don't be surprised if...1. Two weeks is fine but don't be surprised if you're ask to leave on the spot. 2. Wouldn't worry about burning bridges. If it's not a good fit, no reasonable person is going to flip their lid over it. 3. This is probably as good of a time (outside of Jan/Feb after bonuses) to leave and not put... 1 day 9 hours
I wouldn't be too worried about employment status...I wouldn't be too worried about employment status. It's a small world and those that have done good work are able to land on their feet and will generally get another seat somewhere else (if they want back into HFs). I've also seen plenty of talented people leave HFs and they all end up doing well... 1 week 4 days
Honestly many "bottoms up" long-short funds are...Honestly many "bottoms up" long-short funds are making macro/basket bets disguised as stock picks for a portion of their portfolio. Lots of reasons for this but post-2008/2009 many managers realize they can't just ignore macro (esp when its driving performance and LPs keep asking their opinions/... 2 weeks 1 day
Stryfe: What I might tack on to your first point...[quote="Stryfe"]What I might tack on to your first point there is that its very easy to fall in to the trap of thinking that because you've done so much primary research on a name you should be able to find a way to make a long/short case out of it, when really an opportunity might not be there at... 2 months 3 days
Where you have a potential edge: 1. Concentration... Where you have a potential edge: 1. Concentration of resources (Time and Capital) - You end up spending more time and more capital (i.e. primary research) on fewer names and should have a better view of what drives value in the names you diligence relative to analysts that may not have the time/... 2 months 4 days
I believe you don't have to compromise who you...I believe you don't have to compromise who you are to be successful, but don't expect sympathy if you put yourself in a cutthroat situation. The laws I generally try to follow or learned over the years. Law 5: So much depends on reputation – guard it with your life. People are going to know... 3 months 3 weeks
The content of this thread ended up materially...The content of this thread ended up materially more interesting than the original topic. 4 months 3 days
Why there aren't more activist in small caps: 1....Why there aren't more activist in small caps: 1. Small cap management teams can be cowboys. They can react emotionally and do stupid things. Mid to large cap companies tend to be more sophisticated and rational actors so you can actually work with them...unless they are founder driven...that's a... 4 months 3 weeks
You will get plenty of interview opportunities...You will get plenty of interview opportunities regardless of what happens to the side book. 4 months 3 weeks
I look at it this way...The conversion rate is...I look at it this way...The conversion rate is pretty damn high when the candidate and the fund are aligned in their way of thinking. You just have to go through a lot of funds to find that alignment. (Or you have to wait until the funds you have strong alignment with decides to hire.) I've seen... 4 months 3 weeks