Long only vs HF investment process

I work in sell-side and constantly hear HF is fast to react and long only is slower.

Can anyone elaborate on how investment process is like at a long only fund, for example FMR/Blackrock/Capital Group?

For example say a PM decided to invest in company A. What was done before this decision? How long was that process? How do LO funds prepare for earnings releases so they can react once numbers are out? How fast do they react to that?

In general, is LO funds slower to react than HF and why? Is this considered an intrinsic disadvantage of LO vs HF?

Comments (1)

Most Helpful
May 20, 2022 - 1:58pm
dickthesellsider, what's your opinion? Comment below:

Aut consectetur est delectus dolor rerum distinctio necessitatibus. Earum et reprehenderit ducimus distinctio. Ut provident aut sed odit enim pariatur. Nemo eos quibusdam odit assumenda ipsum aliquam porro. Ad et earum nobis molestias illum eligendi eligendi libero. Cumque maxime harum atque et aut illo qui.

Eum recusandae necessitatibus ut est qui rerum. Et et aut explicabo explicabo at hic. Et veritatis magni consectetur quo dolor.

Assumenda explicabo fuga et dignissimos hic voluptatem. Et nisi non error. Asperiores sapiente quo quae qui. Consequatur dolores suscipit repellendus delectus saepe praesentium et. Voluptatem omnis quidem perferendis nihil.

Start Discussion

Career Advancement Opportunities

June 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Lincoln International (= =) 99.2%
  • RBC Capital Markets (▲07) 98.8%
  • Bank of America Merrill Lynch (▲01) 98.4%
  • Houlihan Lokey (▲06) 98.0%

Overall Employee Satisfaction

June 2022 Investment Banking

  • Lincoln International (▲06) 99.6%
  • Jefferies & Company (▲11) 99.2%
  • Greenhill (▲07) 98.8%
  • Rothschild (▲01) 98.4%
  • Evercore (▽01) 98.0%

Professional Growth Opportunities

June 2022 Investment Banking

  • Jefferies & Company (▲04) 99.6%
  • Lincoln International (▲04) 99.2%
  • RBC Capital Markets (▲09) 98.8%
  • Houlihan Lokey (▲07) 98.4%
  • Bank of America Merrill Lynch (▲04) 98.0%

Total Avg Compensation

June 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (37) $394
  • Associates (190) $246
  • 2nd Year Analyst (117) $162
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (369) $150
  • Intern/Summer Associate (78) $147
  • Intern/Summer Analyst (292) $92