Hey all,
Have a 30min case interview with Crake Asset Management and not sure what to expect or what to practice on. Currently do not focus a lot on modelling at my current place or generating a model from scratch but I have done the WallStPrep modelling programme & went through the WSO HF interview course. Any advice on how to prep?
so far I am thinking of:
Study the fund strategy
prepare 2 longs & 2 short ideas
go through modelling exercises but I somehow this does not seem to be enough, the model cases i get tend to be structured differently to Wall St Prep models
Ask questions:
what is your investment process?
what is your risk framework?
what are the typical responsibilities of an analyst here?
who are your primary LPs? are they sticky?
what is the most interesting theme do you find interesting now?
Thanks!
Sent you a DM - talked with them time ago
Hey mate, would really appreciate a DM if you could share any info, also in the process.
Hey, would be very grateful if you could DM any info I have an interview today !
Can you pls dm me? I have an interview with them coming up!
Same here - would you mind sharing any insights please? Thanks!
Hey, would also be very grateful if you could DM and share any insights - thank you!
Hi, I know this is a late reply, but would be very grateful if you could DM any info you might have. Thanks!
Can you share with me your experience too?
Hi all,
Adding what i remember on the interview here.
They short indexes not single names, Long on ahead EPS EBIT inflection, they kinda implied the current fund strategy I am at is stupid and takes a lot of risk in shorting SMID names which are illiquid. So big name, I heard the team is great but clearly strong personalities.
they trade around themes and best pick, so you'll learn bottom top down.
The assesment starts with some economic questions, mine was something like, when will you start to OW the US? I cover Pan European so was unsure but said watching the FOMC minutes, inflation, energy prices which affect CPI baskets, consumer savings & employment. The answer was more about how the US economy is made up of xx% SMEs, and their team is watching loans growth or credit growth to US SMEs to start OW allocation to US. After I was given a paper with questions on it, its incomplete financial statements and you only have a pencil & paper to calculate the ratios + recommend what investments to make. The skills you need are a bit of quick math since no excel & calculator.
All in all, totally flunked the interview but the exposure was pretty cool & gave a good sense on what I have to train on. Did not progress to second stage, so anyone who has, would be great to hear how it went.
Met with them today, is anyone able to share how long the lead time was from R1 to hearing back RE outcome and R2?
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