DE Shaw L/S?
Considering taking this for a summer analyst position. Does anyone know anything about DESCO as a platform for long/short investing?
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Based on previous WSO threads, D.E. Shaw's Long/Short (L/S) equity group is a notable part of their investment platform. While specific details about DESCO's exact structure aren't fully outlined, here are some insights:
Comparison to Other Platforms: There has been discussion comparing D.E. Shaw's L/S equity group to platforms like Citadel or Millennium. However, it's unclear if this is the right comparison, as D.E. Shaw may operate differently in terms of structure and strategy.
Reputation: D.E. Shaw is highly regarded in the finance world, known for hiring some of the smartest individuals and being a pioneer in various investment strategies, including statistical arbitrage. This reputation extends to their L/S equity group.
Interview Feedback: A user who interviewed with D.E. Shaw over the years expressed high regard for the firm, which likely reflects positively on the L/S equity group as well.
If you're considering this opportunity, D.E. Shaw's strong reputation and innovative approach to investing make it a compelling choice. However, if you're looking for specific details about compensation, setup, or direct comparisons to other firms, further research or networking with current/former employees might be beneficial.
Sources: DE Shaw vs Two Sigma vs Citadel Offer Advice, Where would you rather work: D.E. Shaw or Point72 for Junior Summer?, D.E. Shaw Fundamental Research group, DE Shaw L/S equity, Long term, concentrated, deep fundamental investing
have heard insanely good things from a friend… I’d jump on the opportunity tbh unless you have option for CAP or top SM
Why do you think CAP is better?
didn’t say either was better, just probably more of a decision if you also have CAP or another similar offer
Did you get a job?
Have heard it's very very hard to secure the return offer.
Yup, they told me return rate 20-40%. Unsure if true or not.
I interviewed for their fundamental research analyst internship and didn't pass the first-round behavioral, so take this with a grain of salt.
From what I gathered, the fundamental equity team sits within the Composite Fund and runs a market-neutral, event-driven strategy with average holding periods around 12 months. P&L attribution is centralized, with limited individual credit.
They have been active on the activist side (Riot Platforms, Air Products and Chemicals, L3Harris Technologies, Corpay, Fidelity National Information Services, FedEx, etc.) I'm unsure whether the new Cogence Fund will reshape how fundamental equity operates at D.E. Shaw.
how long did it take for you to hear back from the case study? I submitted mine a week ago
del
damn im cooked
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