Best UG L/S Funds that have done SA Roles

Based on the most helpful WSO content, here are some insights into L/S funds with strong reputations and potential SA opportunities:

1. Tiger Cubs and Related Funds: Many Tiger Cubs (funds spun out of Tiger Management) are known for their strong reputations and occasionally offer internships. Examples include:

   • Viking Global Investors
   • Lone Pine Capital
   • Coatue Management
   • Tiger Global Management

2. Well-Known L/S Funds:

   • Baupost Group: Known for its value-oriented approach and strong track record.
   • Foxhaven Asset Management: A smaller but highly regarded fund.
   • Maverick Capital: Another Tiger Cub with a solid reputation.
   • Third Point: A well-known activist and L/S fund.

3. Funds with SA Opportunities:

   • Maplelane Capital: Known to have taken interns in the past.
   • Citadel: While more of a multi-strategy fund, they have L/S pods and are known for structured internship programs.
   • Point72: Similar to Citadel, they have L/S teams and offer internships.

4. Other Notable Funds:

   • D.E. Shaw: A quant-heavy fund but with L/S strategies as well.
   • Millennium Management: Operates a multi-manager model with L/S teams.
   • Marshall Wace: A prominent L/S equity fund with a strong reputation.

Tips for Landing an SA Role:

• Networking: Many of these funds hire interns through referrals or networking. Reaching out to alumni or professionals at these funds can be crucial.
• Track Record: Highlight any relevant experience in equity research, stock pitches, or financial modeling.
• Targeted Applications: Some funds may not openly advertise internships, so cold emailing with a tailored pitch can be effective.

If you're targeting funds with ~$1B+ AUM, focus on those with a history of taking interns and a strong reputation for mentorship.

Sources: Impact Funds Oncycle Recruiting?, How to raise a fund - what I know, and what I'm clueless about, Q&A: Equity Analyst at a Sovereign Wealth/Pension Fund, Would you work for a short-only fund?, Troubled fundraising processes