When I did my AMA thread a while back I promised at least one person that I would share my general research process. So here you go... Every analyst has his/her own way of conducting due diligence. There certainly is no one correct way to come to an investment decision, however, I’d argue...
Still jet-lagged by 8 hours from a day and a half in London, I haven't slept for a good 48 hours and remembered I owe <abbr title="Wall Street Oasis ">WSO</abbr> my process for dissecting a <span class='keyword_link'><a...
Hello 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...
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...
There appears to be some demand for an <span class='keyword_link'><a href="/finance-dictionary/what-is-a-hedge-fund-HF" rel="nofollow"><abbr title="hedge fund">HF</abbr></a></span> AMA, so here goes... I believe this...
A career in the hedge fund industry is one of the most desirable careers in finance. Money is undoubtedly the greatest attraction to careers with hedge funds, with analysts making $150k and then some. Portfolio managers often make north of seven figures, which is why eventually running a...
Mod note (Andy): Throwback Thursday, this post originally went up on 4/23/12. Hey guys, so after some encouragement from a few of you guys I'm gonna go ahead and start a bit of a series of posts on my experience in the <strong><span class='keyword_link'><a...
Mr. Pink Money
<em>Mod Note (Andy) - We're reposting the top discussions from 2015, this one ranks #8 and was originally posted 8/23/2015.</em> There's really no point to this post. TLDR: Sometimes it's just a job with a boss that does boss things. <h3>1) Young PMs...
I've been reading <abbr title="Wall Street Oasis">WSO</abbr> for years and it helped me out immensely when I was trying to figure out the best route to take in order to achieve my goals. Now it's time to try and return some of that value, so here goes....
<em>Mod Note (Andy): Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 2/23/14 and ranks #26 for the year by total silver banana count. You can see all our top ranked content <a...
Article just hit last night...Baly cutting 13 stock teams (~40 investment professionals) plus a bunch of back office to be cut by end of year. Oct was really bad for hedge funds, Nov has been an official **bloodbath**. MLP, Citadel, Baly all getting hit hard. Garden leaves vary by firm, but...
So hedge fund "genius" <a href"https://nypost.com/2018/07/31/einhorns-greenlight-capital-is-down-18-percent-for-2018/">David Einhorn<a/> is down 18 percent this year, even though the S&P is up 5 percent. Last year, his fund gained 2 percent while the...
I may be a dumb southerner who limped through advanced calculus like a wounded animal, but I spent a fair amount of time in college studying math and applied statistics. (I think it is amazing you can graduate from many institutions with a degree in finance, having memorized a bunch of formulas...
Mr. Pink Money
<em>Mod Note (Andy): Throwback Thursday - this was originally posted Feb 2009</em> Since there aren't any decent/active discussions on the HF forum, I figure I start a thread highlighting the good, bad, and ugly aspects of working at a hedge fund. This is based on my personal...
Hello, I currently work as a trader at a crypto focused hedge fund. Our primary function is that of a market neutral liquidity provider and we work with our clients to transact in concentrated positions of illiquid, thinly traded coins. Prior to this role, I was a trader at Goldman in...
I recently got laid off by my employer, a larger credit focused hedge fund. I though I'd create an AMA to clear up questions anyone may have regarding the <span class='keyword_link'><a href="/guide/hedge-fund-interview-questions">hedge fund...
Frequent lurker, first time poster. This is my story, with a bit of personal flair. I’ll cover why not getting an internship was the best thing that ever happened to me. Why a high GPA and and an Ivy League degree are not as important as you think. Why Renaissance, Two Sigma, et.al. are not...
Mr. Pink Money
Some of these messages are very old but I'm going to answer them anyway b/c I’m in a helpful mood. <strong>Question: How would I know what the career path for [this particular hedge fund]? </strong> Every fund has their own "career path"...it just depends what...
I work with equity L/s arms of the multi-managers and single managers. A little about me: I don't come from typical financial services major nor have I ever wanted to be an IP myself. All the same, I love my job and don't wouldn't trade it or my firm for the world. Happy to answer...
<em>Mod Note: Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 5/28/14 and ranks #24 for the year by total silver banana count. You can see all our top ranked content <a...
Mostly Random Dude
After a brief chat with the local Gods (Patrick and Andrew), I thought I would host an AMA for anybody interested in the life of a hedge-fund volatility trader. Brief background: * Undergrad: abroad so by definition a non-name school :) probably can be described as a double major in...
Keep seeing article after article about what big name did poorly in October and November and I am just curious as to who's doing well? Are there any strategies that have been thriving in this volatility or at least had gains large enough to survive it? Personally, I know there are a...
Hey everyone, I’ve been a long time user of this site, which was instrumental in getting me to where I am today. If it weren’t for the help of everyone on here I certainly would not be in the position I am in today. I’ve been meaning to do this for a while but I would finally like to...
It’s been a while since I posted (sorry @AndyLouis") so I decided to come back with something a little different from my previous posts. I’ll continue the E&F posts at some point, but given recent market conditions I thought this was more appropriate. The below is a compilation of...
The question is fairly straight forward. When I started in business school I noticed that most of the fund managers or PM's who would come talk repeated a similar refrain. It was a point of pride to spend every moment thinking about investing. They would all say something along the lines...
New user, co-founder of a 2-person small Asset Management firm utilizing a trading algorithm for long-short equity. Looking for advice on networking, fundraising, partnerships, etc. Newly relocated to <abbr title="New York City">NYC</abbr>.
Mr. Pink Money
<em>Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 12/27/09. To see all of our top content from the past, click <a href="//www.wallstreetoasis.com/highest-ranked-discussions">here.</a></em> I got a PM asking how to prepare for an...
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...
It's been a slow week and I'm not going away for Christmas so AMA time. Some background: Engineering major at an engineering-focused school in the Midwest during the crisis (graduated 2011) <abbr title="investment banks">IBs</abbr> only recruited for back and...
Have lurked on <abbr title="Wall Street Oasis">WSO</abbr> on-and-off since pre-crisis days. Reading the material on here helped me get my first internship - time to give back. Happy to answer anything and everything. Quick background below. - Beginning third year as...
Hey guys, haven't been on here for a while, but I'm currently waiting a few weeks to start my next gig and I'm bored. I figured I'd try to give back a little, especially because I know there are people from London on here, and the amount of info available on London <abbr...
Mr. Pink Money
Might as well make it official and say I have left the <span class='keyword_link'><a href="/finance-dictionary/what-is-a-hedge-fund-HF" rel="nofollow"><abbr title="hedge fund">HF</abbr></a></span> business to pursue...
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...
I currently work at a medium sized fund. My resume looks like what you'd expect, highly selective undergrad, good work experience, <abbr title="Masters in Business Administration">MBA</abbr> from a top 3 program, passed the <abbr title="Chartered Financial...
Just finished up a couple very long weeks at work and am feeling pretty generous at the moment. So, a little bit about me: - Non-target former varsity athlete/captain - Corp Strat to <span class='keyword_link'><a href="/finance-dictionary/what-is-a-hedge-fund-HF"...
What professional backgrounds are today's and tomorrow's top global macro minds coming from? And how much does the environmental backdrop help explain this? Pretty simple question, but I think it's interesting to note the following trends for context. The first generation of...
What is the most memorable earnings call you have come across? I remember one from Enron where the CEO insulted an analyst in response to a question about its cash flows. <abbr title="JP Morgan">JPM</abbr> has some good ones as well given the temperament of Jamie Dimon.
Mr. Pink Money
<em>Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #26 and was originally posted 8/23/2015.</em> This is far from a definitive guide but should give you a high level overview on how to think about the process....
Hi there, After lurking for sometime, I figured I'd jump in with an AMA: Anything you want to ask an E&F allocator? Willing to offer candid thoughts on any and all questions, from the do’s and don’ts of getting funded to what life/comp is like on this side of the table. I...
Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #44. This one was originally posted 10/19/2015. If you've seen some of my other posts you know that I'm not a stock picker, deal maker, or quant - I'm an...
It's no secret that the HF industry has been under a lot of pressure lately. The industry bled more than $100 billion in 2016 as fund flows moved into ETFs an other passive investment vehicles. It's also no secret that net returns have lagged behind the general market, though HF risk...
When ever someone asks me what I want to do after a school I reply with working in a Hedge Fund. I get about 3 responses a. What the fuck is a Hedge Fund? - I then tell them and they look at me like I'm some sicko and say how boring b. Your a money hungry bastard! I wanna hear...
Long-time reader, first-time poster. Just wanted to share my story so far since I graduated from undergrad ~8 months ago & when I was a prospective monkey, I really appreciated people's stories of their experiences and their advice they had for others. My take is a little different...
<em>Mod Note (Andy) - this AMA originally went up last August but Gray Fox wrote and said he could still answer questions</em> I've posted here for about five years, but with much less frequency the past year and a half. @xqtrack" @Kenny_Powers_CFA" @BlackHat"...
My dad is consistently trying to show me articles how hedgefunds are <abbr title="balance sheet">BS</abbr> and how they "can't even beat the market". Then proceeds to show countless articles comparing hedge fund performance in the last 8 years compared to the...
It was a standard Sunday for JRMM – Woke up entirely too early, ate breakfast, watched SportCenter, then had to kill time before the start of day 4 of the tourney. I had just gotten home from hitting golf balls and was about to firmly plant my ass on the couch for the remainder of the day...
<center><img src="https://www.wallstreetoasis.com/files/hfreport_title.png" alt="" /></center> <br> The <a href="https://www.wallstreetoasis.com/hedge-fund-industry-report">2017 Hedge Fund Industry Report</a> compiled by...
Message pretty much sums it up. Who are the best hedge fund managers? And if I want to start doing my own research, how do you recommend figuring out who the best hedge fund managers are? Seems a bit opaque. Thank you.
I'm a long-term lurker, infrequent poster on another account. AMA. Have been reflecting a lot lately on "giving back" and <abbr title="Wall Street Oasis">WSO</abbr> has been huge to me. More interested in talking credit / markets than "my...