Silver BananaTopicReplies
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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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Advice on HF Recruiting

floppity

I figured that I'd give back/pay it forward in one form or another after being in the industry for a while. Frankly, the most relevant thing I could think of was advice on people searching for new opportunities. My advice is more tailored to hedge fund recruiting as that's where most of my experienc...

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Redwood Capital Management??

John-Jacobs1

I've heard this is a prestigious/well known distressed/spec sits fund but I cannot find any info on it. All I know is that it's located in NJ...

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Is it OK to reach out to traders instead of investment professionals at a hedge fund if i'm looking for an investments role?

John-Jacobs1

Just was curious, if I should reach out to traders as well as people in investment roles at HF's. Goal is something in investments and not trading but I have a better connection/more in common with people in trading (background wise). ...

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Baker Brothers

Discosteve

Anyone know anything about Baker Brothers? Culture, compensation, etc. Interested to hear thoughts about them....

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Is there a future for non-quant hedge funds?

3x0.25

I'm a banking analyst and I did an internship in PE and I liked it but I think there's more opportunity in the public markets and I want to have autonomy (and high earning potential) earlier in my career than post-MBA PE. From what I've read on VIC I also slightly prefer the hedge fund stock picking...

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Citadel Global Equities (pay, culture, career path, lifestyle)

BobbybananamA

I had a number of questions about Citadel's global equities team because I recently advanced pretty far in the process there. There is a surprising lack of information on the fund given its overall influence on the finance world more broadly. Feel free to comment on any of the questions below so we ...

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Theoretical Questions Regarding Value Investing

128

Dear all, In a recent panel meeting a guest speaker (L/S investor) at my university stated the questions below: (1) How can time be an enemy for value investors? (2) Three value investors - Ms Mary Quant, Ms Senty Mhent and Count Ability – are discussing at dinner. Ms Quant says “Value invest...

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HF Free time thesis

BobbyA

Hi everyone, I have literally 4 months to lose and I want to use this (free)time to do a thesis, which will be useful for me + when I graduate from my master's degree (Mifin) for job search in industry (Hedge funds). Do you have any interesting topics/subjects that you would like to explore furthe...

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Realistic Exit Opps

HANFLY

What are realistic chances at a HF for a VP at a reputable investment bank in NY? Not interested in large funds, more interested in smaller, single manager L/S funds. And how do the odds stack up against other roles (growth equity, VC, etc.). Currently looking to exit, so any advice/suggestions ar...

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CPA AUDIT -> Wharton MBA -> Top Hedge Funds?

CPAtoMBA

**Re-Post from B-School forum as I thought I may get better targeted responses from here.** My initial target careers out of MBA were Management Consulting or I-Banking. However, I grew stronger interest for Hedge Funds or Asset Management companies recently and thinking to go that route instead. ...

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how hedged are market neutral funds

coffeebreak

So I'm wondering how much hedging do market neutral L/S funds actually do? I mean, there are some funds that claim to be market neutral but they seem to hold a basket of 10-20 longs and balance that out with some shorts (not necessarily with considerations to beta). Then there's the other extrem...

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Q Investments

powertime

Does anyone know anything about these guys? I have a phone interview coming up with them......

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I'm bored: Macro Hedge Fund PM Q&A

macro bruin

Howdy folks, this market has me bored to tears [edit: I'm truthfully also just having a harder time getting a read on conditions than at any point in my career, so that is prompting both frustration and introspection], and just for work-unrelated reasons, I have a bit more free time on my hands at p...

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Would you work for a family office?

starmine17

3 years into my current gig at an equity L/S fund (started out of undergrad) that's getting hit with redemptions so I'm looking to get out ASAP. I am weighing a few options at the moment: (i) MM PE associate, 2 funds with total AUM 500MM-1B range. Good comp package offered and solid team but not mu...

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Equity guys, what resources do you use for your research process?

hedgehog9

Hey guys, so I'm currently at a boutique asset manager w/ enough AUM scale that we can afford nearly all of the bells and whistles when it comes to the research process. For instance, we have SS research (including SS requests & analyst calls which cost $$$$$), databases like Mintel, expert networks...

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UNSW VS MACQUARIE UNIVERSITY

BOB13

I am an indian and planning to go to Australia for masters in commerce in finance specialization. Got offer letters from UNSW as well as Macquarie university , The cost for unsw is way more than macquarie . confused regarding which university should i choose if i want a career in hedge funds. ...

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G-Research - Hedge fund or not?

uxtriondwigelti

G-Research is often cited among the top quant funds in London, however it is hard to find more information. According to the following review on glassdoor from June 2014 they do not trade. "In terms of work culture, according to what I have heard/understood from HR manager, G-Research is not really...

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Math/Stats Major?

moneymachine12

I’m a junior at a nontarget and want to work at a l/s discretionary Hf eventually. Will it be worth it if I stay at school for an extra year and get another major in math?...

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Asset Management vs Investment Banking for exit opps into value-based hedge funds

Hedge Funder

Hello everyone, I am a South American student in my final year at a target uni in London and I currently have 2 full time offers and I am stuck and do not know which one to choose. The offers are: 1) A full-time offer from an elite boutique (Lazard/Rothschild) where I would be doing a mixture of res...

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What to do to break into quant funds

Hzkangarooo

Hey chimps, monkeys, humanoids, I'm a sophomore studying finance at a target school. I've recently decided to pursue a quant fund career. Any suggestions as to what skills are more important right now for me to acquire to land an internship? How about for fundamental funds? Thanks. Hk...

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M&A to Retail Trader & Researcher to Global macro HF

dick_fluid

Hey monkeys, i'm a bit of a special case and now want idealy a job as a macro trader and/or researcher within an HF. or if that fails something similar in a bank. i'm undecided at this stage between research and trading as i can't dissociate them in my mind. i had a normal resume base on the m&a tem...

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Citadel Assessment Test

arjun.p.agrawal

Hi Everyone, Has anyone appeared for the Citadel Assessment test for the position of Trader? Thanks...

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Burned out HF guy, what are my exit options

evenfantastica

I worked at equity long/short hedge funds for 7-8 years. I wasn't quite able to bridge the gap between analyst and PM, but burned myself out trying, and topped out at senior analyst. I got tired of the constant urgency, dreaming about my positions, waking up in a cold sweat, the backstabbing, gettin...

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Cover Letter and Resume Design/Format for Hedge Funds

amda279

Is anyone here familiar with 'Novo Resume'? They offer various creative designs for CVs and cover letters. Are any of these suitable for a senior/executive level hedge-fund job application? If so, which ones? Alternatively, would you suggest sticking to standard plain format for Hedge Fund and/or...

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D.E. Shaw internship application rejection weird phrasing.

mikaelsohan2

Hi WSO, I applied to D.E. Shaw's equity research analyst internship, and they replied with this: "We have been unable to identify an ideal match between your particular background and experience and our current needs. However, we will keep your resume in our files on the chance that a suitable po...

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Investment Opportunity in Africa

Dobinhom

Greetings All, I was born and raised in an African country but I have been in the U.S since I was 16. One of my cousins is now stationed here in NYC as a diplomat representing my country at the U.N. Although her background is in law, she is now in charge of the investment division and is tasked with...

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Bill Ackman fund up 25% to begin year

ironman32

Saw the headline today that Ackman's fund is up ~25% into the year. He said it was based around 4 plays, SBUX, CMG, Fannie and Freddie. I guess this is good; I mean, if people strictly invested for 6 weeks increments. He has also taken substantial loses in the past, so I know he's looking for p...

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Equity Derivative Trading to HF

wutangclancarryout

Starting a career on a single stock vol desk and wanted to know what kinds of opportunities could be open a few years down the line in the investment management universe. Always loved analyzing equities from a value perspective, and I was curious how I can keep the door open to potentially joining a...

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T. Rowe Price equity research vs EB in New York

James.Stock

Two offers: one for T Rowe Price equity research in Baltimore, another for an elite boutique in New York. Which offer should I take if I want to be at a top fund (HF or long-only) down the line? I know the EB will give me a wider range of opportunities. Trowe will give me the training necessary to ...

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Micro-Cap/Small-Cap HF exits?

HFunder

Hola all. What would be some potential exits from a HF focused on micro-cap/small-cap equities? Background: Investment Analyst with 2-3 years of experience at my current fund, and 4-5 years in total buy-side experience (worked at a family office prior). In addition, also completing a part-time/exe...

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The Mechanics of a Mispricing

Secyh62

There have been a few other related posts that I have commented on recently that touched on mispricings and catalysts. I wanted to take some time and write something up that brings it all together in one post. This is something that took me a while to understand and come around to when I was startin...

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CFA Useful for Quant Fund?

Trading4Hours

I am heading into a Quant Hedge fund. Would it be at all useful to take CFA exams? I have started studying but not yet registered, just wondered if it will get any respect in the industry....

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Interactive Brokers Prime Services

tonyfo

Hi all, I have been running a families + friends strategy on an IB personal account for a little while now, and have now reached the minimum size ($3m) to take advantage of IB Prime. I am hoping it would serve as a springboard to establish a track record and tap into their marketplace. IB Prime is...

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VBA advice Intern

Chrisbougias

Hi all, I am currently doing my MSc in Financial Mathematics at LSE and yesterday started a 1-month part-time internship in Quantifi (risk, analytics, and trading solution provider), at London office. The tasks I have to complete throughout my internship are mostly based on VBA programming and Exce...

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Accounting for reallocation of GP's share of profits

jordanneuman32

We want to bring our accounting in house. After allocating the various types of gains and income to the LPs, what is the process for reallocation of those gain types to the GP? ...

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How do you know if a less well-known fund is good?

Big_Muffin

There's a big tendency on WSO to gravitate towards the most visible, well-branded and prestigious opportunities. Everyone knows about the big guys. How do you all go about diligencing opportunities at less well-known funds, especially if there's little to no info on WSO? Also, if a fund hasn't bee...

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OKR as management tool?

littlepigmm

hi, just curious how the quarterly / annual review works @ your fund? Strictly based on stock performance or something more vague and less quantitative? Do you think OKR is applicable to this industry? ...

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Becoming a Quant: Undergrad

quantitativekaran

Hello everyone, I am currently a high schooler and looking to go into finance, specifically being a quant. I know I have ways to go but I believe the quant path could lead me the right direction. I decided to post this discussion because others were outdated by many years, so information may have ch...

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Custodian for Personal Trading: Fidelity, StateStreet

mchadron

Hi, I am just starting out with personal trading ($5MM), not looking to setup anything sophisticated. In your experience which custodian would be best to hold Stock that I own in my portfolio (crypto in near future)? Would you recommend going ahead with Fidelity, StateStreet etc? Really appr...

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MAK Capital Job Offering

bluedriver22

Has anyone heard of them or knows anything about them? Friend got an offer recently. There is not much on the website to go on. ...

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Hedge Fund Manager Selection

png1

Hey guys, I was wondering whether someone could shed some light on the selection process of hedge fund managers? As I'm about to apply for an entry-level position at an alternative asset manager in Europe, I'm particularly interested in the qualitative and quantitative aspects of the selection proc...

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Non-Quant Public Markets Careers

Blue Horsehoe

So, from what I've read on this forum and elsewhere, it's starting to look like all non-quant jobs in the public markets are dying out. For example, S&T is getting largely automated, and non-quant hedge funds are losing assets to passive/quant strategies. Are there any non-quant jobs in the public m...

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Credit Suisse & GSO Capital - Structured Credit Reputation?

creditrevolver

Hello WSOers, What is GSO's reputation in the CLO/Structured Credit space? I know they rank #1 on the league tables in terms of deals/deal size but was looking for a bit more. CS is two so I was curious as well. Also, do CLO/CDO teams at top shops (GSO, Octagon, etc.) pick all their own credits in...

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Learning programming by myself?

Distracted

Hi, i wanted to know if there is a way to learn programming by myself. I know you can start with some tutorials and guidebooks, however, if there are some specific guides that you can recommend, i would appreciate it very much. Also, is it possible for these self-taught programming skills to be usef...

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Most Active / Top Distressed Hedge Funds

DistressedFund123

2nd year analyst at an EB waiting for my next six months to tick by before I start my next job at a distressed hedge fund. Unfortunately in the office on a Sat waiting for comments and was recently watching a Paul Singer video on how he thinks about distressed investing as a mechanical way to extrac...

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Trading Execution Offer Help

Baypost

Hi all. I am an analyst at a BB and have an offer coming in for a Tier 1 hedge fund trading execution role. Does anyone have any advice on whether to go for it? Basically it is a great name on the street, that I know but I hear a lot of comments that execution is a dead end and you don’t really pr...

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Turned my live $4000 account to $44,000+ in 4 weeks...What is next?

GoodBoyFX

hi guys, the boy is back in market after a long period of saving capital doing 9-5. It' feels good to be back. O the subject, yes. I turned my live $4000 account into $44K with over 5500 trades (ROI - 1000%). Yes all within 1 month. You think goldman boys can produce this "without algos" i think n...

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Realistically, can I become a Research Analyst at a Hedge Fund?

koko87

Greetings Fellow Chimps, Apes, and Humanoids, I've taken a long journey down my finance career thus far and I've reached a juncture where it's finally time to pursue my passion of becoming a research analyst at a Hedge Fund. :::pause for uproarious jeers and hysterical laughter::: For the past e...

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Catalysts?

MMAM

Hey monkeys - would someone please explain to me the concept of catalysts in equity investing? I understand some strategies (event driven, special situations) rely specifically on catalysts to produce their alpha. What catalysts/events are looked at and ? Macro? Industry & Company specific? Unique c...

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GS SSG Multi Strategy Investing

MMAM

Hi guys - I was wondering if anyone knows anything about Goldman's SSG Multi Strategy Investing arm? There is quite a bit of information on WSO pertaining to other less liquid arms (asset investing, private capital) however MSI has not been discussed. It would be interesting to know what strategies ...

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World's dumbest 'smart guy'?

OldChimp

I left a large family business that had close to $200 m in revenues. I got 2 Master's degrees (Financial Mathematics and an MBA from an Ivy). I am now 46 and own a semi-profitable restaurant, some real estate, and have a small severance package. All I ever wanted was to work in hedge funds. I di...

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Carlyle group summer interview

ffffml

Hi I have an interview for summer for carlyle’s strategic partners group. Does anybody know what to expect for interviews? Posting said they do distressed debt and equity investing. Any resources on how to prepare for distressed stuff? I have guides and know a fair amount of valuation, accounting ...

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Exclusive Slack Group for Hedge Funds

Lamushi

Hi Folks, This is a link to join an exclusive slack channel for hedge funds. Use this link below to join the group. https://join.slack.com/t/hedgefundsgroup/shared_invite/enQtNTE3OTk4NDgwMDM2LTFjNmM1ODYzNjgyNzNmZTk5Y2NiZmI5YWE4NWRjNDFlNGI3MTZlOTEzNTRkOTNlYjkxODFjYmY0YTk2MWY0ZTA...

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Distressed Debt by Moyer

wasper710

Does anyone happen to have a pdf copy of Distressed Debt Investing by Moyer they would be willing to share? Thanks! Is this still the best book on distressed on the street today? ...

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RMBS cash flow model

mp11932

Does anyone have a template for a RMBS cash flow waterfall showing the payoffs from each tranche? Thanks ...

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Don't know how to delete so i edited.

qm123

Don't know how to delete so i edited. Don't know how to delete so i edited. Don't know how to delete so i edited. Don't know how to delete so i edited....

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Baupost 2018 Letter?

johndoe89

Guys- does anyone have access to the latest Baupost letter for 2018? Would be much appreciated if someone does and could post it on the forum or PM me. Thanks very much in advance JD...

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Honeycomb Asset Management - Anyone familiar?

vs997

Anyone have any information on Honeycomb Asset Management (Culture, Investment Style, Etc.)? Only info online is a couple of Business Insider articles, no website or anything. Seems to have started ~3 years ago, founder is from P72. ...

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Fundamental analysts, what's your edge?

hedgehog9

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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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Masters Course for entering the Hedge Fund industry

ducksick

Hi Guys, I'm going to apply for my masters in the coming weeks and I needed your help on understanding some things about the Hedge Fund Industry. I have gone through a lot of posts about entering the HF Industry, on WSO and completely understand that a masters course may not be a direct ticket t...

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Blackstone BAAM Salary

alaphagrind1

Was wondering if anyone knows how much a 1st year BAAM analyst's pay package is? How does it compare to S&T/IBD/AM?...

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Citadel Credit

Debtbanker

Does anyone have any insight to Citadel's Credit teams? Seems like most of the postings on this site is focused on their equities teams ...

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LinkedIn Secrecy - Hedge Funds

John Tuld

Hi all I have perused many profiles who don't list an actual employer - rather they enter "New York based Hedge Fund" for example. Why is this? Do some funds not allow employees to advertise that they work there and if so, why? I would hazard a guess it would be concerns of poaching? Thanks ...

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Graham Capital Management - Summer Internship Interview (Quant)

aristos

Wondering if anyone has interviewed with GCM for their undergraduate summer internship (I applied to quant research, but the email didn't specify what I'm interviewing for). Also wondering if there's any benefit to taking an on-site vs. a Skype interviewed since they've offered both. Thanks!...

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What To Do? Need Some Advice

Warren's Buffet

Hey WSO, so I got an internship for summer 2020, but I am free this summer and have a place that might be interested in taking me on. Should I mention that I have an internship for 2020 since they are similar firms and the CEOs are actually both friends? Or should I not say anything about that? Not ...

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What HF managers have set up family real estate offices?

TheTankF

I'm looking for hedge funds, managers, or ultra rich individuals who have set up family offices to invest directly in real estate. ...

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How do generalists produce alpha?

maddy.ap

Any generalists out there, how do you produceb alpha when you don't even have expertise in an industry or lots of experience in that space? How do you narrow down on an investment that would deliver long term returns?...

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How I got my job in a Hedge Fund after graduation

Exodus

Hi guys, after gaining a lot of knowledge from the many useful topics on WSO I thought it would justified to give back a bit, even with the little experience I have. Maybe how I made my way to a hedge fund job is not replicable by many people as it includes a lot of luck but anyways it's always good...

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How to stay motivated when working alone

Exodus

Hello guys, I am currently a 1st year analyst at a major multi-manager hedge fund (think Millenium, Citadel, Balyasny etc...) and I do L/S special situations. Sorry for my English, it is not my native language. After half a year of work, I am lacking motivation seriously, and the main reason is tha...

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HWM correction for a year with very high return

silkroute88941

Hi everyone, I was just going through the CAIA L-1 chapters on Hedge Funds(I am applying for it in Feb this year). In the HF part, it is mentioned, that the NAV is set to HWM of a HF at the end of each year. My question is that if a fund manager makes remarkable return under extraordinary sets of co...

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Is CFA Beneficial for Hedge Fund Startup (Non-Traditional Background)

404

I’m looking for some direction regarding pursing the CFA designation with regards to my future hedge fund plan. I have a non-traditional professional background, so looking for some advice. I am 36, and graduated with a finance degree in 2001. After school, I spent 1.5 years working at a major w...

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