HF L/S Case Questions (Operating Cases and Quarterly Projection Period)

Had a few questions for an upcoming case study which I think are broad enough to be helpful for others:

  • For a timed case study that only lasts a few hours, does it make sense to model in specific operating cases?
  • If you are building a quarterly projection period, what is typically a good projection period to model the company out for or do you stop at the point when you're asked to provide a target price?
  • If the instructions are to only use the Ks/Qs to build the model, how can you arrive at a share price target without comps? I assume for the most part all HFs think a DCF is not meaningful, especially since the filings don't give the data which you need to find the WACC. 
1 Comments
 

Placeat incidunt ducimus ullam sint saepe corporis aut. Voluptates sunt velit doloribus praesentium vitae ea. Expedita magni eum nostrum facilis.

Non totam sapiente officia architecto. Sed doloremque quia suscipit dolore. Est sunt earum qui culpa consequatur quisquam et. Error velit aperiam nisi suscipit non quisquam a.

Career Advancement Opportunities

November 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

November 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 95.0%

Professional Growth Opportunities

November 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

November 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (277) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”