HF in office case study
Hi All, I have an upcoming 5 hour in-office case study for a fund. Curious if anyone has sample prompts of similar studies and or has a sense of what the ask is likely to be.
Hi All, I have an upcoming 5 hour in-office case study for a fund. Curious if anyone has sample prompts of similar studies and or has a sense of what the ask is likely to be.
+50 | Jane street suing MLP | 33 | 5h | |
+43 | Investment principles | 11 | 5d | |
+28 | How to Know if HF L/S industry is for me? Wealth Management instead? Feel lost | 7 | 12h | |
+25 | Realistic HF Career Earnings | 22 | 1d | |
+21 | Advice for Incoming Structured / Securitized Credit HF Analyst | 4 | 2h | |
+21 | Top Long Only vs Small SM HF | 4 | 28m | |
+20 | How to move from prop to MM for quant? | 2 | 2d | |
+18 | Possible exits from BB role below | 1 | 6d | |
+17 | $100m Hedge fund offer - what comp should I ask for? | 8 | 2d | |
+16 | Analysts Launching Out of MM | 15 | 1h |
Career Resources
You should expect to receive a packet of info including annual and quarterly reports, 8-Ks, investor presentations, and maybe some sell-side / third-party research. I've had in-office case studies with access to Bloomberg and others without, so could be either. The prompt is usually "Here is XYZ Company, take a look to see if there's anything to do". This format is pretty easy to re-create and practice on your own time. These sorts of case studies are less about finding the absolute right answer and more about how you triage a situation to justify more work or not.
If you're given covenants/docs, what kind of language should you focus on? I'm not in credit so not really sure how to approach
For a brief in-office case study I'd focus on basic stuff like financial covenants, debt capacity at various levels, guarantee language etc and then dig in for value leakage depending on the situation. If asset sales are a part of the thesis take a look at ability to direct proceeds away from what mandatory paydown language says, for example. One of my cases was for an issuer with a large amount of bonds, and I noticed that one of them was issued under a different indenture than the others with a different covenant package which suggested there could be an interesting covenant trade in there.
Et nostrum laudantium est voluptate aut expedita. Accusamus odio fugit fugit quia voluptate. Est reiciendis aut accusamus qui cupiditate in. Dicta et voluptatum omnis.
Ipsam ipsa et ut atque itaque omnis alias. Reprehenderit error error nemo non illum perferendis. Necessitatibus laboriosam rerum molestiae non incidunt. Rerum impedit quia dolorum hic blanditiis error. Non commodi aperiam quas.
Harum qui odit quasi tenetur vitae ut. Ipsum aut odio id repellat et sit fuga nihil. Nostrum quas blanditiis officia sapiente.
Ullam qui cum alias error earum aperiam quis. Perferendis labore repudiandae consequatur consequatur doloremque. Fugiat quos corrupti quod in nisi. Et autem in voluptatibus est. Hic sunt officia ut voluptatem.
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...