Looking for advice | investment thesis

Hi, currently an analyst in M&A and looking to prepare for HF recruiting. I want to learn about how HF L/S strategy folks value a company, how they approach an industry and the companies within, and also how they convey investment ideas. I’m pretty comfortable with my DCF, LBO and other banking technicals, but find having investment ideas quite challenging.

Are there any good sources for me to read up on this topic? What firms publish investment thesis reports? I greatly appreciate any advice as I’m just getting educated about HF.

198 WSO Academy Hedge Fund Session Reviews: 4.78/5

Class of '29 Sep 2026 Cohort

5.00/5

Hedge Fund LinkedIn Review

“My meeting with Kevin Lee was super helpful and went well beyond what I originally expected. We met to discuss my LinkedIn profile, but the conversation also covered the hedge fund space and how I’m thinking about my career as a whole. I really appreciated being able to talk about both how I present myself professionally and the broader direction I want to take. As someone interested in hedge funds but also exploring other paths in finance, it was helpful to have a conversation that connected my profile to my actual interests and goals. Kevin gave me a lot to think about, and I left feeling clearer about my next steps. Overall, I really appreciated his time and willingness to go beyond the original purpose of our meeting.”

Class of '26 Sep 2026 Cohort

4.56/5

Hedge Fund Mock Interview

“He was very responsive and prepared for the meeting. He actually read the JD, resume, and looked up linkedin which sometimes other mentors doesn't actually go over those to prepare things beforehand. I appreciate his direct comments I think it saved time and actually helped me to know exactly where to improve. I also appreciated him admitting if he doesn't know about specific HF strategy. Only thing I'd suggest for him is probably sending actionable key takeaways after the meeting because other mentors did and that was very helpful. ”

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2 Comments

prosry94

HF

3y

might be worth checking out to give you an idea of how to think about idea generation. It's been helpful to me and others on wso recently too

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IB

Analyst 1 in IB-M&A

3y

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Looking for advice | investment thesis

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