Fund of Funds Inteview on Thursday...what to expect
Got an interview on campus for a FoF and was knowing what to expect. Should I have a good idea of the HFs out there, what kind of correlation factor they want between funds?
Got an interview on campus for a FoF and was knowing what to expect. Should I have a good idea of the HFs out there, what kind of correlation factor they want between funds?
+99 | Best SM seats in 2024? | 74 | 7h | |
+89 | If and when to move to a pod? | 26 | 3s | |
+69 | Pod Shop Regret | 24 | 1d | |
+24 | Intellectual Caliber of People in HF | 15 | 19h | |
+23 | Understanding pod shop leverage & cash usage | 2 | 2d | |
+16 | Are you making money these days? | 9 | 5d | |
+14 | SM Career Trajectory | 5 | 6h | |
+12 | Mid to Low Frequency Quantamental | 1 | 6d | |
+12 | Suggestions for market structure analysis & better trades | 2 | 11h | |
+9 | What discount rate do you use if you don't believe in those damodaran beta crap? | 18 | 10h |
Career Resources
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.
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).
Illum excepturi molestiae est deserunt labore illum ut asperiores. Sit possimus odio fugit sit non voluptates excepturi aut.
Cumque sunt voluptas consequuntur sequi ea. Nisi ad deserunt sed similique rerum. Est et dolorem possimus libero. Recusandae provident ad aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...