First round should be mostly fit - why HF vs AM, why FoF vs direct HF etc. Only technical thing i got asked was my view on the market and some counter questions on what I said on the subject. All the best.

 
Best Response

Never had a FoF interview before, but I've met a few of the folks and got to know what they do.

Besides what Optimist said, my guess would be they could ask how you go about selecting a hedge fund to invest in. What are the things you look out for? Is it returns - which metrics would you use to assess it (risk vs. return views... ), what kind of strategies are you interested in, preference for top down or bottom up analysis process, the due diligence process fofs go through (here is more middle office/compliance stuff that's boring but they still do it... like red flags such as are the employers' experience legit... like not a bayou hedge fund, or how did the hedge fund of interest do during the credit crisis, the LTCM era, etc. etc.)

I think those topics are probably a bit much for an internship interview, if that is what you're going for...

You should probably get a better idea of what an analyst at a FoF would do - and specifically at that firm. It can vary A LOT. At some places, analysts do the research, market analysis, have some slight role to play across the board. Then there are some places where they are pure research monkeys, and they just process and help with quarterly reporting or marketing for the FoF's clients (if it's a smaller shop).

 

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