How to prepare to start at a MM HF
Signed the offer at a large MM HF (L/S equity), didn’t think I’d make it this far.
Any advice on how to prepare before hitting the desk? Books to read, things to focus on, general tips? Thanks
Signed the offer at a large MM HF (L/S equity), didn’t think I’d make it this far.
Any advice on how to prepare before hitting the desk? Books to read, things to focus on, general tips? Thanks
| +38 | How much modeling do experienced HF analysts/PMs actually do? | 16 | 36m |
| +22 | Buy Side Credit - Seats / Guide | 8 | 1d |
| +18 | London buy side | 3 | 10h |
| +18 | Hedge Fund Pivot | 7 | 2h |
| +11 | Mid-career shift to buy side with niche background | 3 | 4d |
| +9 | Wfh / work remotely at MMs or SMs? | 6 | 43m |
| +4 | Atlantic Wolf Capital Closing? | 6 | 19m |
| +3 | How old is too old? | 3 | 1d |
| 0 | Walleye Capital | 1 | 2d |
| 0 | Hedge funds | 1 | 4d |
Career Resources
What kind of desk? Need to give more context
L/S equity sector pod
Jesus I missed that, my bad it’s late
Probably not much to do, your job is to crank models out and generate ideas - reading more books won’t help with that and at this point it’s unlikely more modeling practice will help. Just try to rest up and be ready to start grinding, typical cadence is a ramp a week, maybe slightly faster if the team hasn’t launched yet and is building infra. If you know your coverage you can do some background reading on the companies (filings/calls) so you can shrink some of those ramps, but not necessary
I would read "The Intelligent Investor".
yeah bring a value-based long-term hold rec to your pod shop pm, they’ll love it
and if they don’t, you should tell them to read it and get back to you!
One would think the 2 take away concepts from that dated book would be known to someone who broke in.
U don’t need anything to break into a pod a child can do ib for 2y
Could I PM you about what the process was like?
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