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+11
AMA: 2nd Year Equities L/S HF Analyst in Hong Kong

marketbeater

<h4>About:</h4> <abbr title="Wall Street Oasis">WSO</abbr> has provided tremendous help at the early stage of my career, even though I have always been studying and working in <abbr title="Hong Kong">HK</abbr> (and yes, <abbr...

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+4
Hedge Funds requiring IB experience... why?

datakid97

Please, I just can't wrap my head around it. I'm sure there is some semi-rational reason why a hedge fund would hire an investment banker but I just don't see it. I would say that if you're in the business of attracting actual talent you might as well go as far away as...

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+3
[LONG POST ALERT] What should I do? I am kinda lost

market-enthusiast

Hi all prospective monkeys! Hope you are doing well! I am feeling lost in my career path and confuse of what should i do next. Any input will be appreciated! ###**BACKGROUND** I am from Hong Kong, just finished the first year of study in the top 3 local university (i don't think...

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WSO Hall of Fame: Hedge Fund Forum

WallStreetOasis.com

The Wall Street Oasis Hedge Fund Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the hedge fund industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate here. If ...

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Hudson Bay Capital - Any info?

njambition

As the title says, does anyone have any information about this shop? Apparently, a pre-first round there consists of a 60-90 minute 'questionnaire' (read: test) in their office. ...

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+1
Davidson Kempner Hedge Fund

dikiro

I was wondering if anyone has had any experience with Davidson Kempner, what it's rep on the street is, and what to expect culture wise. Thanks!...

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+11
AMA: 2nd Year Equities L/S HF Analyst in Hong Kong

marketbeater

About: WSO has provided tremendous help at the early stage of my career, even though I have always been studying and working in HK (and yes, WSO has good traction in Asia as well). Back then I always wonder it would be even better if someone can provide me more local insights about HK HF market. So ...

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+2
Cryptocurrency has potential to cause crash similar to 2008

devinokeefe1

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa...

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+1
what investment firm should i start

hollandsworth.adam

I have access to crowd funding. Many investors with small capital would like to invest but dont know how to. I've looked into starting a hedge fund, but that would require a significant amount of capital. I only have access to raise a few tens of thousands. I'd like to take these small capital inves...

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+33
I'm a hedge fund recruiter. AMA!

Ekoa

Howdy all, I work at the largest private search firm in the world that only does financial services. I focus on the fundamental, bottom up investing space of the hedge fund community, however we cover the full gamut of products on the buy and sell side. It's been quite a year for the hedge fund spac...

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+3
How do global macro funds generate investment ideas?

yourdoveismydrug

I'm currently interning in S&T at a BB and I'm really curious about global macro. I'll try to network with some alums for further discussion, but I would appreciate any insight from this forum. I understand they use a top-down framework, but the explanations I've read seem really opaque. For instanc...

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How do I get a job at the Baupost Group ?

JohnGutfreund

Hello WSO, Read Margin of Safety, love Seth Klarman, love value investing, and I love Boston. Seems like a perfect fit. I just finished my sophmore year of college. How do I get a job at the Baupost group ? What is it like to work at the Baupost group ? How does compensation work at the Baupost g...

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Corporate Finance to Equity Analyst Feasibility?

Throwaway2018

Hi All, Throwaway account for anonymity. I'm curious about a transition that I've not seen discussed before, likely because it's a very rare one. I'm currently at a F100 company working in a quasi-corporate strategy/pure FP&A role. I'm lucky in that my particular position is very heavily operationa...

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+1
Probability Theory vs Machine Learning for aspiring HF quant

ssriniv

I am a Master's student in Statistics at UC Berkeley and as an elective, I have the choice of taking either a graduate probability theory class (oof) or an undergraduate machine learning class (which is highly regarded in the data science world and gives lots of project experience over theory). I'm...

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+1
Need Advice - Recruiting

LeveragedBlackouts

As stated above, need advice. Current non-target, rising junior. Signed an SA offer with one of the following (EVR/LAZ/MOE/PJT) for 2020. Got reached out to within the past week from a MM HF (D. E. Shaw/P72) from HR telling me to apply to their discretionary investing teams and stating that they wou...

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+19
Cap intro AMA

earthwalker7

I ran cap intro for a top 5 investment bank. If you want to know anything about the capital introductions space, I'm happy to answer. AMA...

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0
Point72 2020 SA Program

aka2kewl4u

Has anyone heard back from Point72 2020 process for first round interviews? I just want to know the breakdown of the process and see if its a right fit for me ...

0
+2
Requesting Advice for My Stock Pitches

PJHFStocks

I am requesting for advice and improvements on my stock pitch below. (FYI: My background is in accounting. I am practicing pitches to help me transition into investment type roles. I am improving my financial modeling skills and hope to provide valuation analysis in the future.) Any help would be ...

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+4
Hedge Fund Operations Role Good Place to Start After Undergrad?

devul

I just graduated from a non target university (undergrad class of 2019), and have an opportunity to begin my career in an operations role at a credit and real estate focused HF in NYC. I know operations isn't the greatest role and I do not want to make a career in it. However, I understand that HF's...

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+1
Getting a job in Trade Finance fund

concrimi

Hi Guys, I am interested to know if anyone has insight about changing from working in a banks trade finance department to working in a trade finance fund. I am now 28 years old and have been working roughly five years in a trade finance department of a big European bank. I started as a trainee and...

1
+1
Questions About Liquidity Provider - Flow of Operations

leopardl7520

Hi, I got a question about the liquidity provider's operating model. Really hope if someone can take a look and share some thoughts! ###Scenario: - Say an ETF investor wants to offload a million ETF shares; the investor is seeking multiple market makers to offload the shares and compare the bid/...

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+1
Can you Calculate Bollinger Bands for Hedge Fund Returns Based on Weekly Estimate Values?

FMB89

Hi, I'm looking for some help with regards to calculating Bollinger Bands for hedge fund returns. I know these are typically created using daily returns, however I would need to calculate them based on a weekly estimate value instead. Is this possible, or is the daily value a necessity? Also, they ...

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+1
NYC Employment Lawyer

junior2012

Can anyone recommend an employment lawyer to review an offer letter (for NYC) at a reasonable cost? Thanks in advance....

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+1
Going from RE Development -> MSRED -> Distressed/NPL HF (RE focus)

SpruceSap

Hi, This is a follow-up post to one I made over in the real estate forum. I did not get much in the way of response, so I wanted to try over here. I was accepted to a top MSRED program (MIT/Columbia/Cornell). I have a few years of work experience at a boutique development shop doing some pretty u...

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+1
Breaking into London HF space: non-EU analyst, CFA

hedgecutter

Hi guys Hopefully, someone with similar experience or background can help out here. I'm working at a non-EU emerging market hedge fund, 4+ year experience as an equity analyst. CFA charterholder. Trying to crack the London hedge fund space (targeting fundamental, value, stock pickers). What is my ...

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+1
Best way to setup an inter-index arbitrage fund

WSfund

Hi, I am looking to setup an inter-index arbitrage fund mainly on index futures. So I am looking for suggestions as to how to setup this up in terms on legal entities and jurisdictions like the Cayman and the US. Also I was looking for suggestions on what be the best like Master-Feeder or Exempt or ...

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+1
Bridgewater Investment Engineer Internship

Macaco

Anyone has Interviewed for Bridgewater Investment Engineer position? What questions do they ask and what are they looking for?...

1
+3
Long only investment reports

AlphaKing22

I am wondering do people at long only funds actually right lengthy investment reports or do PMs require a one pager or even bullet points memos. ...

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+3
Back Office to Buy-Side

IshijahDel

Hey Everyone, I am currently a 1st year analyst working within a back-office function at a larger, bulge-bracket firm and wanted to know if anyone has, from a comparable function, been able to successfully recruit, and receive an offer for, a buy-side function (PE/HF)? For context, having quite li...

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+7
Preliminary Interview at Point72

hedgefundguy97

I was recently invited to participate in a preliminary interview for the 2019 Summer Academy Program at Point72. I am wondering given my educational background what the entire process will be like. I am an economics major and have not been exposed to a ton of finance and accounting classes, so I a...

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+5
Point72 Video Interview

hedgefundguy97

I have a video interview with Point72 this coming Monday and I am not sure what to expect. It is for the 2019 Academy Summer Internship. Any help is much appreciated....

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+1
Baupost Letters

bill_ackman

Does anybody have Baupost annual letters saved? Tried finding it online, but most of it is either partial or banned based on Baupost's request. Letters are a real treat so it would be very much appreciated. Thanks!...

3
+31
Are Hedge Fund Employees Structurally F***ed

dazedmonk

Happy 2018. Going to start it off a bit heavy here. I think in the last ~5 years things have been getting worse for your typical fund analyst/PM, and I think the trend is only accelerating. When I say getting worse I mean the growth path and (especially) the compensation for your moderately talente...

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+17
TN Economist Category Visa Changes Dec 19, 2017 - Any TN Economists Working in Hedge Funds?

ShortHi-CoverLo

The USISC today imposed restrictions on individuals working in the U.S. under the NAFTA TN Visa's Economist category. This change disallows people working in Financial Analyst and Market Research Analyst roles from obtaining the TN visa. My question to all those working in investment analysis roles ...

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+4
Hedge Funds requiring IB experience... why?

datakid97

Please, I just can't wrap my head around it. I'm sure there is some semi-rational reason why a hedge fund would hire an investment banker but I just don't see it. I would say that if you're in the business of attracting actual talent you might as well go as far away as possible from M&A guys. So y...

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+1
On-site interview - Five Rings Capital

Danny-Nguyen12

Hi all. I recently got invited by Five Rings NY for an on-site interview. The position is Quant Researcher. Has anyone here had any experience with them? My background is pure math. So far they have not asked me any finance related questions, but instead focused more on probability/stat. I just wa...

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+2
How to gracefully exit?

HFunder769

Hi everyone, Hope you all had a great 4th. Had a quick question for you: I've been interviewing around and as it currently stands, I've been told by a fund that they are close to extending me an offer pending a background check, references, etc. With this being said, I don't anticipate their proces...

2
+2
Best offer for Multi-Managers?

RandomWalkTheory

Hey everyone, So my long-term goal is a PM at a large MM (P72, Millennium, Surveyor Capital, BAM, etc.) for discretionary L/S. As of now, I have two FT offers, Private Debt at a large firm (20b+ in AUM) and a Prop Trading firm (will be given a $2m book to start and there is no capital contribution)...

7
+2
Deciding between Hedge fund or PE if an elite business school is my end goal

PidgeonX

I am currently a SA at a mega multi-manager HF (think Millenium/P72/Citadel). Still uncertain about my long-term career plan, but I have been thinking of working in management of a larger corporation or starting my own venture, not in the finance space specifically. I am from a non-target school an...

2
+1
Anyone short or negative on Lions Gate LGF-A? Love to get your thoughts

LMidMarket

Curious as to if anyone is bearish on Lions Gate, as the companies recent performance has been fairly poor and it doesn't appear that they're going to sell Starz any time soon unless the debt burden becomes to cumbersome and they have no choice but to flip it. I've done some preliminary work and th...

1
+1
Preparing for quant research interviews

cramer-rao-blackwell

Does anybody have suggestions for what to study for/how to get quant interviews at hedge funds (and prop shops)? Starting 4th year at Imperial College London after summer. Relevant coursework beyond the basics: statistical inference, generalised linear model, stochastic processes, time series, compu...

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+1
I need advice on networking with a sample pitch?

lakebeachadvisors

I'm currently a rising senior beginning to cold email and network for large AMs and a couple of HFs for full time. I don't know what to send out for my work sample. Option 1: I currently have a very well put together pitch(IMHO), that I used to get my current SA job at a midsize AM. The main pitch ...

2
+1
XTX Forecasting Challenge

Bondholm

XTX Markets, one of the leading quant-driven market makers has just setup a new challenge: https://challenge.xtxmarkets.com/ Is anybody participating?...

1
+1
Model Portfolio Assistant Portfolio Manager, or Sell-Side Equity Research?

noproblems99

Need some advice, monkeys. Currently thinking about the prospect of two offers. One is an assistant portfolio manager position managing model portfolios that have roughly ~$30B in AUM. The other is a sell-side equity research position as an associate for an industry I don't find the most interesting...

1
+22
AMA - research analyst at credit hedge fund

Value892

WSO was a great source for me at the beginning of my career. Figured it is time to give back. My Background: * Graduated from a non-target school with a 3.5 GPA * Spent 3 years at a BB bank in Leveraged Finance * Currently, at a value oriented credit hedge fund, investing in leveraged loan...

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+1
Old tiger cub investor letters

GibbonAwayNow

Interested in learning more about these funds. Anyone have old tiger cub investor letters from during or just post-recession? Trying to read more about Tiger Global, Viking Global, Light Street and Maverick in particular. ...

1
+5
Citadel (Surveyor) Case Study/Modeling Test

ebitduh69

Hey everyone, I have a 4 hour in-house modeling/case study for Surveyor coming up. I was wondering if anyone has been through this process and knows what to expect? I am told that you only get to reference public filings and earnings transcripts. After the actual model is built you have to come up ...

11
+1
non-business masters degree, impact on career

BobbybananamA

I am a 2+2 IBD->HF analyst (no B-school). If I took a year out of my career to pursue a random non-business masters degree, would that hurt my future career in public markets (other than opportunity cost of lost career progression)? For example, say I got a degree in something like math or public po...

1
+1
Got a job at small hedge fund but have no idea what's next.

rangersfan990

I've recently gone down a dark spiral of trying to figure out how my career can progress. I'm 7 months into my first full time role and it's at a HF. I thought it would be easy from here but now I realize I don't know where to go in the future or how to even find a new job at another fund. Currently...

2
+3
Tiger Global / Tiger Cubs

MonkeyBeesWax

Hey guys, I'm trying to find a good book about any of the PMs from Tiger Global / Tiger Cubs. I just want to learn and read about their career/life path, culture at these firms, etc. Any good suggestions?...

8
+2
switching from front office quant to sell-side

GoldenPear

Hi everyone, I am looking for a advice. I have a PhD in math from a known university. Currently I have 7 years of experience in front office quant position in one of the major investment banks. I support manual Rates and Credit traders with pricing, risk, etc. My salary stayed in low 200s for the l...

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+1
Baupost out of Undergrad?

evidential

Heard rumors about some undergrad getting a full time offer at Baupost straight out of undergrad. Not ops/back-office but actually the investing side. Anyone have any more information? New program or just a one time special situation?...

6
+5
IBD -> HF -> startup -> MBA at HBS / GSB / UPenn?

BobbybananamA

I did 2 years at an elite boutique then 2 years at a fairly elite buy-side shop. If I start a company that isn't successful, how will MBA programs view me after the startup vs. now? Would I have to get a "normal" job after the startup to be able to get references or look OK for an MBA? I am mainly t...

8
+1
CPAs Merging to Finance

alexgarrett00

I know many people in both the finance and accounting world, but have not heard of many CPAs merging into the finance world. I am currently in the accounting field, specifically audit, and have been pulled towards the finance world in the recent months. I wanted to begin a discussion for people to b...

1
+5
Starting up a fund in a WeWork office

Swedish_1

My friend plans to start his own fund next February when he's built up enough infrastructure, but he plans to run it from a WeWork office. Would this be an issue of not seeming "legit" for him when trying to raise capital? What is the best way to go about starting a fund in terms of office space?...

22
+1
Bridgewater Daily Observations

zcaDC7

Hi all, Just looking for DO from Bridgewater. I get them on a lagged basis but I'd prefer to receive them in the morning. I'd really appreciate any help here....

2
+3
ExodusPoint Capital Management

tech17

Hi! New user here. Does anyone know anything about ExodusPoint Capital Management as far as for pay, culture, reputation, etc?...

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Top Hedge Funds: Analyst Compensation

CuriousGeorge11

Hey guys, roughly how much can one expect in base pay from a multibillion dollar long/short hedge fund for an analyst coming out of banking? I've searched the threads but many were outdated. Any rough idea of total compensation in a typical year would also be appreciated. Thanks a lot. Hedge Fund A...

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