Silver BananaTopic
0
WSO Hall of Fame: Hedge Fund Forum 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 ...
0
Should I continue with my Finance and Economics double major?I'm posting this on the Hedge Fund forum because my goal is to be a global macro portfolio manager at a HF, feel free to move it somewhere more appropriate if need be. I'll try to make this short. I just started my junior year and I'm currently doing a double major in Finance and Economics. When I...
0
Factor of undergrad Prestige in becoming a QuantI understand that becoming a quant requires at least a masters and Ph.D and that risk analysis and similar desk analyst roles are completely different jobs than investment banking, but is there a similar "target school/semi-target/non-target" attitude in which getting a quant job is largely dependen...
0
Company Review: BlackRock - Its okGood place to work for. . Lack of structure of team mgmt sometimes. ...
+3
Best Industries to Specialize InAm interested in learning the community's thoughts on what are some of the best industries to start off in for equity investing at a hedge fund? Is it advantageous to start in cyclicals (e.g. chemicals) vs growth (e.g. tech)? What about highly specialized industries (e.g. O&G or insurance)?...
0
0
Company Review: Point72 - Great Culture and Big ImprovementsReally smart and talented coworkers, culture was very friendly even though all interns were competing for full-time.. Expect lots of hours dedicated to work, even on weekends. The intern program is in its 4th year and the gender ratio is slowly improving....
0
0
Company Review: Citadel Investment Group - ReviewPrestigious company, good compensation, good culture, good perks, good resources and access to management. Culture is stiff and not cooperative. Teams/pods do not interact with each other so it can seem competitive...
0
0
0
0
Company Review: Citadel Investment Group - Decent Place to workMy co-workers are very intelligent and the work environment is very friendly. The benefits are also extremely well. The work stress is high. The turnover rate is relatively high in some teams. Other than that, I cannot think of any others....
0
0
0
Company Review: Citadel Investment Group - Its okNot that happyhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh. Not that happyhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh...
0
0
0
Company Review: Point72 - Amazing place to workFantastic work life balance compared to IB, with snacks in the pantry and an emphasis on learning and retention.. Due to low return offer rate, a feeling a competitiveness between fellow interns to secure a FT spot....
0
Company Review: SPP Capital Partners - Excellent place to learn and growFreedom, creative, autonomous, entrepreneurial environment, meet many industry contacts, learn a lot in this experience. Quiet office, older company, pays below street, personal trading is monitored very closely, no office culture...
0
0
0
Company Review: Mizuho - asset management businessThe teams are easy - going . alot of hands on experience and get to touch a lot of different pieces learn alot. No alignment of goals - high employee turn over through "training programs' - need to cut a lot of fat ...
0
0
Path to hedge fund /investment bank/private equityHi, Can someone please tell me the educational qualifications(path) required to become an investment banker/hedge fund manager... I'm from India... I am new here. ...
+1
Wharton To Wall Street?Hello all, I am currently a Sophomore in High School. I have a great interest in finance, particularity in Hedge Funds. I am reading "One Up On Wall Street" by Peter Lynch right now. I want to work on Wall St. when I graduate college, my plan of attack right now is to achieve a very competitive SAT...
0
+7
Point72 Accelerated RecruitingDid anyone else get the invite to do accelerated recruiting for Point72's Academy program? I got it, did the Hirevue, got the second round. Responded to HR's email about scheduling a time for the second round on Friday, but still haven't heard back? They're doing second rounds all this week, next we...
0
Company Interview: Point72 - Point 72 AcademyHad to calculated compound interest of a bond in my head. The rest were mental multiplication problems. The interview is similar to the test that Point 72 makes everyone take when applying for interviews so you should run through similar problems when preparing. I used a calculator to take the test...
0
EthereumPut 15k into Ethereum less than a month ago and now that investment is sitting at 36.5k. Anyone else investing in Ether and what are your opinions? ...
0
Company Interview: Bridgewater - Tech Associate InternThe culture interview may have been the hardest. The entire interview the interviewer looked at me in a confused manner and then after I said anything she kept asking me what I meant by what I just said. It was very unusual. Then after that there was a software engineering interview. I was only aske...
+1
What Are Some Hedge Funds In Australia? Should my option be Hedge Fund over Investment Banking?I am wanting to know what are some of the best hedge funds in Australia and what is better to work in the hedge fund industry or Investment Banking, Also, how much does the pay differentiate?...
0
Stock Selection for Case StudyI'm going through my watch-list looking for an appropriate stock to write a case study on that I will attach to cold emails. One stock I am considering because I have owned it for several months and already am familiar with is Micron. Is this a possibility, or will it not be taken seriously because ...
0
Company Interview: Squarepoint Capital - Squarepoint CapitalLots of tough questions in statistics, time series, probability, and brain teasers, some are derived from IMO math problems. The interviewer is reluctant to give hints. ...
0
0
Company Interview: Point72 - Point72 AcademyMostly mental math questions that weren't too tricky but it's important to think quickly and in your head. They don't allow you to write anything down. Some behavioral/fit questions were a bit challenging/probing but it's best to answer honestly and engage in a discussion. PM interview was based on ...
+4
What does it take to work at Citadel Securities?I'm going to be very corny but hear me out. Every time I watch CNBC and it's 9:30 AM I always notice the Citadel traders in their coats yelling and working with their 4 screen monitors. It looks exciting and I honestly would LOVE to be on the trading floor even if I was paid terribly. It would be ...
0
Tiger Cub: Matrix Capital Management?Anyone know anything about this firm? Started by David Goel, protégé of Julian Robertson, with Paul Ferri of Matrix Partners. Have an upcoming interview with them for an intern role but ironically know nothing about them. Not much on the internet either. Any information would be appreciated. Thank...
0
In-house HF Case Studies - EstimatesHi - as most of us go through case studies (both equity and credit) I wanted to discuss how you approach estimates in in-house case studies. Usually, candidates have between 3 to 6 hours depending on the shop to set-up model / thesis / recommendation. One can develop a view on the asset and come ...
0
Hedge fund case studyDoes anyone have a sample hedge fund case study? Would love to see what is considered a good model and stock pitch/memo built within a few hours given just the Ks, Qs and the usual public stuff. Thank you!!!...
0
How long does it take you to initiate on a name/generate a thesis?Interested to hear responses. Does it typically take a few days, week, months for you to generate a typical investment thesis on a new name? So the process of initially screening (or being assigned a company) all the way through building a model/forecast and pitching/writing up/coming up with your...
0
D.E. Shaw Prop Tradingg InternshipDoes anyone have any experience or heard anything about the internship. All I've heard is that it is hard to get a return offer, is this true? ...
0
How much does school network help in hedge funds?This is as much out of (morbid) curiosity as anything else to be honest. As someone who skipped bschool and didn't go to one of the 'top' targets I wonder: how much does school network matter for experienced professionals, especially in hedge funds. I'm thinking both undergrad and MBA. Some of wha...
+87
The Iceland bet - How some hedge funds made huge moneyHello guys, I'm an Economics graduate from the University of Iceland. I thought I'd share with you some information that I believe has never been made public before, at least not in English. It's a story about some brilliant investments that made a select few hedge funds A LOT of money. This post w...
0
Company Interview: Point72 - Point72 Summer AcademyThe girl asked me about a certain market sizing question then said that I didn't include the balance sheet. Very confusing. Also someone only had me ask her questions, this was super weird and filling up 30 minutes with just questions is much harder than you would think. She was super helpful thoug...
0
Illinois Institute Of Technology's Masters in Mathematical Finance programJust how good is IIT's MMF program with regard to the below. I don't have any past experience in Finance, I'm coming in from Tech. 1. Job offers to international students 2. Reputation of the program in the industry - any particular strengths? I have a good quantitative background - no Olympiad stu...
0
How to study for hedge fund analyst position without IB background? I'm 31, spent 10 years as an entrepreneur - 2 companies: 1st was an IT firm, sold a few years ago. Second is a bio-energy startup that has several years of university r&d ahead without my input. I don't have a background in finance outside of my own companies' models and books, but have a good NYC n...
0
Where can I get investing experience aside from HFs?Im a sophomore BBA student at Ross (Michigan) and I want to intern somewhere this summer that'll give me experience with investing. I've been trading since I was in middle school but now I want to learn the more conventional Wall St side of things. I'm applying to HF internships but as you guys know...
0
Company Interview: Jane Street Capital - Quantitative tradingMost of the questions were brainteasers. At later stages, the questions got harder. In the third interview I had to answer a hard brainteaser/combinatorics question. You have 1000 bottles of liquid, one of which contains poison. You have an endless amount of mice you can use (mice turn blue if they ...
0
In my country there's a subject in university called "mathematical engineering" is it apropriate for working in hedge funds? Here I have the link of information of the career in English: http://ingenieria.uchile.cl/english-version/departments/97324/mathematical-engineering I don't know if I should study pure mathematics or "mathematical engineering", which is a degree that doesn't exist in USA. So do you think it is worth...
0
Company Interview: Mariner Investment Group - Credit AnalystThe person asking accounting questions. Being asked accounting questions and it's true. The position states they want any business major, but this is heavy on accounting (with finance being a must obviously). Don't remember the details, but I remember being asked something like this: if company XYZ ...
+1
Learn Programming or CFA for Macro Fund?Was wondering for someone who is looking to move to a Macro fund, what is more useful way to spend their time to make themselves a more viable candidate--- learn how to program (python, C++ etc) , or start taking the CFA exams? Is the CFA useful for global macro or a waste of time? Coming from S&T ...
+1
Sourcing Distressed Opportunities I watched an interview of George Schultze who says his company maintains a database of companies that they track into distress. In one post from Distressed Debt Investing he describes poring over any and all bankruptcy dockets 1) out of interest but 2) as a means of potentially uncovering a worthw...
+1
Am i competitive for a HF internship next Summer?Hi, I'm a sophomore at a top 30(but not target) university in America studying Mathematical Economics and Computer Science. I have done 3 internships before, two in software engineering and one as a quantitative trading analyst. None of these internships were at big-name companies/firms, so i'm not...
+2
Quant Trader/Researcher in HF. Struggling with my future-- I have decided what to do. I forgot the fact that I started in this industry knowing that it will be hard. i didn't come this far to only come this far.. best of luck to you guys all. let me know if there is anything i could help with multi-manager platform's culture, pay, fit, etc... ...
0
jane street quant tradinghi, I'm a college sophomore. I recently applied to Jane Street for a summer internship. I had applied for a quant research internship but someone from jsc got back to me saying they want to interview me for quant trading internship. Apparently I have to take a first round maths test consisting of pr...
0
Getting Good at Primary Research: Expert Calls and "Alternative Data"What do you think the best materials (books, blog posts, conferences, resources) are on how to be very good at (i) expert calls and (ii) using "alternative data"? (i) Expert calls: I am looking for an in depth discussion of the best questions to ask and how to "get more" out of questions I ask on ...
0
How to stand out at hedge fund jobs? What are ways of standing out to your PM? What causes analysts to get fired? Other than just "have good ideas", what advice would you give on doing well in your first few years at a hedge fund? I work at a highly concentrated fundamentals focused fund. ...
0
IR Salary at Hedge Funds What are the salary levels for IR Analysts/Associates/Directors/etc at Hedge Funds? Let's say Hedge Funds with over 1B AUM in major cities like NYC, LA, SF, etc...
0
How to transition from Fund accounting(B.O) to H.F. (F.O)I am currently based out of India. will be joining SSC GlobeOP (Mumbai) FA team -plz suggest career path in order to shift to H.F (F.O). P.S - I have made a plan which involves 1. Networking with PB (My profile at SSC involves interacting with them for confirmation) 2. Clear CFA L-1 June'18 and th...
+2
New Case Webinars in WSO Hedge Fund Prep PackOver the last 12 months, we have made a big effort to improve our hedge fund interview prep package by bringing to you relevant webinars with interview advice and actual investment pitch walk-throughs...I think for those of you that don't watch the webinars, it would be helpful to give you a brief s...
0
0
PM PositionThank you in Advance for any help or comments! i am equity trader and correct on my trading more the 65% of the time .have over 10 years experience but no previous HF jobs. and looking for entry to HF PM position . is it possible to get at least an interview ? ...
0
0
+4
Point72 SA 2018 HirevueAnyone else get this/done this? Looks interesting, imo kind of a strangely worded essay question though....
0
Is the grass always greener?Mid-level PE considering pursuing long/short equity positions. Curious to hear from those who have made the jump: is the grass always greener? How has your experience compared to PE junior/mid role?...
0
0
GSA capital partners internshiphi, I'm a college sophomore. I had applied to gsa capital partners for a 2018 summer internships (I filled out the career thing on their website). A couple of days later someone from the firm reached out to me asking about the location preference. Followed by an email for an interview. The email sai...
0
Elite Boutique v. Mid Size HF v. MegafundsIn the vein of many prior threads, I have a decision problem going into next summer for my rising senior summer internship. I currently have an offer from an extremely well-run credit fund that is fairly large, has a long track record, and is growing. (Unnamed to preserve some measure of anonymity) ...
0
0
Thoughts on Millennium Management?Had a recruiter from these guys reach out to me. Any thoughts on the fund, culture, pay, etc.? Considering putting myself into the process but am pretty comfortable where I'm at currently. I've seen some negative information in past posts but was hoping to get some more updated information on Millen...
0
Company Interview: Protocol Capital Management - InternshipWhat separates you from all the other applicants in terms of skills, mindset, and/or attitude? (Due to my lack of finance background in my work experience and classroom experience) Why should we take someone who lacks previous experience, and how do you plan to make up for it? Explain why you thin...
0
Company Interview: Bridgewater - analystOne unexpected thing is that the interviewer sometimes changes or restates the question as the process goes on which can be confusing. Furthermore, it is unclear what they look for from the participants and it sometimes becomes awkward knowing how much to talk, how to act, when to ask clarifying que...
+1
Skills to develop in M&A for HF?Could anyone, perhaps someone working within the HF industry, provide some insight on what skills an M&A analyst should really be developing to get into a HF after a few years? i.e. what parts of M&A are relevant for a HF? I would assume an LBO is less relevant to HF, when compared to PE for exampl...
0
Company Interview: Weiss Asset Management - Operations AnalystI got a message from a staffing agency about a technical phone interview with the company. The interview is essentially a test to see your analytical and problem solving skills. There were a couple of cases that involved very simple maths and basic knowledge on options, and a couple of cases that in...
0
0
+2
GPA cutoff for hedge fundsWhat would the GPA cutoff be for larger hedge funds (AUM > $1.0bn) from a semi-target top 15 school? Currently working at a MM bank....
0
Cold Emailed VP at Hedge Fund for an Info InterviewI sent an email to alumni who is a VP at a decent sized hedge fund/Asset Management company (7bn) with the intent of setting up an 'informational interview'. I have had a few info interviews with analysts and associates, but never with a VP. Should I expect anything different? Should I do anything d...
+1
Which job should I take to land a HF role?Trying to decide between two job offers. I'd like to work in a quantitative role on the buy-side but not sure which of these would help more in getting there: Offer 1: well-known consulting firm. My job would entail doing quantitative modeling in Python/R (time series analysis, ANOVA, etc), and it ...
+2
Why is it bad to join a hedge fund right out of college instead going the 2 years and out route?Title is everything, I have seen countless of threads of people asking for advice to join hedge funds right out of undergrad without any IB experience but to get shut down saying its a completely bad choice....
+6
How to name a hedge fundIn case anyone is looking to start a new hedge fund and is still struggling with finding a great name, you're welcome: [click here](http://www.hedgefundnamegenerator.com)...
0
Contrarian Capital ManagementDoes anyone have any info on the culture/reputation of this firm? Haven't been able to dig up anything on WSO....
0
0
Apex Capital Holdings interview in officeI have a full-time interview with them coming up. This is my first prop shop interview and I don't know anyone who has interviewed with them before. Anyone have any sights of what to expect?...
0
HF Interview Stock Pitch: what the market thinks?I've been reading through some HF interview guides and sample stock pitches, and one topic keeps popping up that I'm having some trouble with: How do you know how the "market" is underwriting their assumptions from a valuation standpoint? For example, the market thinks Company A's North America se...
0
Distressed / Special Sits HF view on background?Hi all, seeking advice from hiring managers / PMs who are currently in distressed / special situations funds. Recruiters too. My background - Based in Asia (think HK / Singapore), college in Asia, started in PWM as a multi-asset class investment analyst, transitioned to IBD after 2 years with an in...
+1
Element Capital Management?I recently obtained an interview with a hedge fund called Element Capital Management in NYC for a summer internship position. From what I understand its a macro fund, mostly quantitative, and around 4 billion AUM. Would appreciate it if anyone has any more information on this fund, i.e. culture, peo...
0
+1
Point72 Wonderlic TestI recently submitted my Wonderlic online assessment for Point72. It has been about a week and I have not heard anything. I assume they have cut me at this point, but does anyone have experience and knows how long this usually takes?...
0
Consulting Cases Value Add to ResearchFor those that have worked in the industry a meaningful number of years, do you feel that studying management consulting cases has enhanced the value of your company analysis?...
+1
Starting a hedge fund with very credible people in the industryI recently left a large hedge fund that is not doing well, but I have an offer coming at another large fund that will be in the $500K neighborhood (which is very frustrating after 12 years in the business, but I have had a hard time getting someone to give me a shot at trading mostly due to my cost ...
+3
Cryptocurrency has potential to cause crash similar to 2008aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa...
+2
Please explain prop trading deals to me...I am used to hedge fund style payouts (2% and 20% etc), and am trying to understand a prop trading deal that I have been told is pretty typical. The deal is you put up some Minimum Trader Equity (MTE), and the firm puts up 9x your capital. They then lever that up 6 times. The trader then gets 33% o...
0
Investment Model Results - Any Good?Hi Everyone, I'm new to WSO, but I've been trading and modeling for few years. I've developed a new model that trades equity index futures, commodity futures, and a bond ETF. Assuming a 100K investment, I'm getting these results: YEAR...............................10 YEARS.....7 YEARS........ 5 ...
0
MS Economics or MS Data Science / technical skills & experience needed for macro fundMy Bachelor's is in economics and my background is in equity research with about a year in crude oil tankers. I genuinely enjoy macroeconomics and I'd like to join a macro fund (eventually). I've been accepted to both a MS Econ and a MS Data Science. **Which is a better route to eventually working...
0
Future for Financials in HawaiiWatsup chimps, monkeys, gorillas all the above: Really admire this community of monkeys trying to get a hold of their financial career. starting to get my foot through the door eating my first couple of bananas here at Merrill. My mind is a bit all over the place as I took a different route than mos...
+2
Do PMs put their track record on their LinkedIn Hello WSO, I know this might rub people the wrong way. But hey, I'm in the mood of starting this Fri with a bang. I've browsed through thousands of LinkedIns of PMs and so far, I've encountered only three that explicitly stated their Sharpe ratio, AUM and trading period. My question is why is it ...
0
How do I transition from prop trading to doing Quant strategies for a HF?I'm looking to transition from prop trading (wholesale power) to developing and implementing strategies for a hedgefund / large bank. I've written a masters thesis and working on a line of papers (first one already out) on using text mining and ML algorithms to predict commodity prices. Is there a b...

Pages