How should I understand hedge funds?

I am currently a student and I have taken finance as my major. So as part of our compulsory internship, there are companies visiting our campus in order to recruit us, in which one of them is JP Morgan. The profile that they have provided is of a hedge fund analyst and so far in our course, nothing has been taught that could match these advanced levels. How can I get atleast a basic understanding of hedgefunds?

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The only way to learn how to invest is to read as many investing books as you can get your hands on. That is how I got started and how I broke into a hedge fund early on in my career after investment banking.

Start looking into sectors that you are interested in and get a list of companies to track. Read their transcripts / earnings releases and overtime you will get an understanding of what moves stocks and what drives earnings.

Here are a few articles that could be helpful as well:

* Difference Between Private Equity, Hedge Funds and Venture Capital
* Most Frequently Asked Hedge Fund Interview Questions and Answers
* The Basics of Working at a Multi-Manager Hedge Fund
* The Step-by-Step Guide to Landing a Hedge Fund Job

 

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