Hedge Fund Coffee Chat Tips
Just want to know what are some good questions and topics to discuss in a hedge fund coffee chat? This is for one of the larger managers
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I'm not at that stage yet so you can take it with a grain of salt. but rather than overemphasizing your diplomas you could show him previous results that you got with your own portfolio or a simulator software and just have a talk over your strategy and key datas results.
Show him your personal blog with your signals detailed if you have one. Demonstrate your passion. Normally you should have some kind of a proof of expertise for the financial market
Are you a bot or what?
I have only seen absolutely terrible advice from your account. 😂
But you post anonymously you dont look so brave and knowledgeable to me. Also you favoritize fallatious ad hominem rather than giving constructive advices. That is why i categorize you immediately unto the hateful whiner.
I bet you can't do a proper forex trading plan without having 5 indicators opened to feint professionalism. You're such an incompetent. Your max perf must be around 5% YoY with infinite quantitative easing and you think you can impress anyone here. The natural selection will take care of your case
go whine elsewhere with the Imbalance chartists and save my time. Natural selection for the golems of your ilk
"niania bot or what fr bruh"
seethe and watch me eat by doing a 30 seconds T.A
Would absolutely not recommend trying to flex how smart you are. Successful fund managers are probably some of the smartest people you’ve met and will not be impressed that you achieved a 50% return in 2023 by going long on Nvidia. They are much more piqued by those who have a genuine interest in the job, and by those that know how to ask good questions that lead into more complicated answers (this is quite literally the job of a good analyst). A few years ago when I was recruiting for IB and doing chats, the idea of a coffee chat was very transactional - everything just to kiss ass and get a referral. I’m on the other side now and being the one chatted, and can very confidently say that the people I like the most are the ones who ask questions that demonstrate a genuine interest in what I do. Questions about a specific strategy or trade, about the specific process that I go through for research, or about interesting market dynamics/events are so much more interesting for me to talk about. I want to feel like it’s a conversation instead of just having somebody kiss my ass. As an example, I’m much more open to someone asking very intro level questions like “why don’t hedge funds attempt to benchmark against the S&P” and then asking more clever follow-ups about risk management and the difference between just buying stocks in a PA vs managing a portfolio, as opposed to someone who is tryna convince me that he can, as a sophomore in college, achieve 30% returns with consistency.
Be sure to act like you’re doing this guy a favor to meet with him. Make the PM pay for your coffee and then proceed to spill the coffee on his shirt and then make him apologize to you for getting in the way. You gotta act tough otherwise it’s an automatic ding. Also, be sure to talk with a thick blue collar NYC accent to show that MFer that you’re tough shit and he shouldn’t mess with you. And any time he starts talking you want to immediately interrupt him and talk about that one time how you kicked this random hood guy’s ass because he looked at you the wrong way. Make sure he doesn’t get a word in, your goal is to talk out the shot clock. Remember, you’re doing him a favor so he’s gonna spend this entire chat listening to you. If he doesn’t ask for a job during the coffee chat then tell him that he seems like beta material and isn’t cut for this industry right before you walk away.
Be honest 5 seconds, the kids who asks newbies question wont stand a chance in the recruiting process. They want someone trained, shaped, and operational. ideally with orderbook, proof of transactions, and detailed setups
Stfu what is wrong with you
You realize that you're never going to get hired by, or talk to, REAL hedge fund professionals.
Go back to trying to get a funded account from a sketchy tik tok bro who runs a "prop" firm out of peurto rico, or whatever it is that you psycho TA chartist backtesting sickos like to do.
Those who master technical analysis don't need to communicate to hedge funds, they're the ones that need us
When recruiting at a hedge fund, don’t expect good results if you can’t talk markets. This is an opportunity for you to prove that you won’t be a total liability on the desk. HOWEVER, you should understand the following:
- The best student hires can demonstrate that they have a reasonable grasp of how the market is positioned, what the prevailing economic themes are, how their target sector is trading + any head/tailwinds in the future, and finally in the event of a stock pitch, how their stock fits in the picture they’ve painted from the top-down component of their analysis.
- Any 20 year old with access to WSP can run a model on a stock and pump out a 20% ER. But the best ones understand that this is only one part of the investment process. Many of the students I’ve spoken with have thoughtful analyses on single names but land very short on the big picture element.
- There are thousands of hedge funds in the US and the vast majority don’t waste time on students because they’re a cost center.
- I agree that bragging about your returns is anti-productive. Especially if you try to pass off a strictly technical analysis as a valid trade. This will never get put on at any fund worth its 2/20.
- Most HF PMs are specialists, so try not to pitch them a name unrelated to their sector. You’re more likely to extract value out of a conversation with an expert if you present an idea that they are well-versed in so their feedback holds weight. If the name did well, the PM will likely already know if it’s a winner, so you don’t have to say “i made X% on this trade.”
- Finally, be mindful of your delivery and be very open to criticism. As a student, I used to always end my pitches/discussions with “these are my thoughts, but it would be great to hear what you think given your experience in the area, or if I was off-base on any of my takes.”
Hope this helps.
This is great thank you, should I mention the sector I'm interested in or have a few ready to talk about?
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