First Pitch/Trade
In your first hedge fund job, how long did it take before you pitched your first idea and had that idea go into the book?
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A year or smth like that...
2 weeks, make it a good pitch.
Wow. That was fast... did you have equity research experience before?
yes, myself and the other analyst source around 90% of the portfolio.
1st job - never (quant fund) 2nd - 4 days i think. got faded a couple times as well.
What do you mean by faded here? They positioned against you? Never seen this usage before, usually I see it referring to general (non-technical) mean reversion.
Or you just on the good?
"In contrast to a rival like SAC Capital founder Stevie Cohen, who is famously vocal when he disagrees with a subordinate’s trade, say these people, Bacon finds a more subtle way to undo what he views as the potential damage: He sometimes retreats to his office and places an opposing trade, a tactic that hedge fund mavens call “fading” a colleague."
http://dealbreaker.com/2012/02/whispers-in-assistants-ear-tell-louis-ju…
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"faded.." I have never heard of that expression, but hey maybe your pitch prompted another trading idea... As long as it makes moeny, whatever...
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