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+7
Struggling to provide a 'valid' reference

Piigs fly

I've received a verbal offer a week ago from a tech startup. I'm now in the reference check stage. HR initially asked me for two references, but has then been constantly following-up with me and has asked me for a total of five references. The problem that they're facing is...

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ROE tracking the market

PacioliBoss

Here’s a simple question for all of you investing hotshots: Why don’t market returns track ROE? In other words, if ROE represents the return on the common shareholders’ equity in a particular company, then shouldn’t the market (over time) compound at the weighted average of all...

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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?

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+1
Noob Value Investing Questions

Al Bundy

Hi, As the title says, I hope these questions aren't completely stupid, but basically, I have been developing an interest in value/fundamental investing, and I was wondering about a couple of things: 1. What styles are associated with non-quantitative, more fundamental methods? I.e. its a given th...

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+4
Importance of Undergrad GPA at Funds?

Warren's Buffet

Hi WSO, currently an undergrad sitting at around a ~3.6 GPA at a semi target. Was wondering if funds care much about GPA as low as mine and if it will truly be a big deal when trying to find a job. Some bad test scores came back and I started to worry. Thanks. ...

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Macro Analyst at pension fund to hedge fund

rokos23

Hi Guys! New here so apologies if in the wrong forum. I currently work as a Macro Analyst at a Pension Fund, how easy/hard is it to transition to a macro hedge fund? As, I've seen many people go from sell side to hedge fund, but I've been fortunate to get on the Buy-side right away- but weirdly en...

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Offering Fund Startup services

xWallStreet

Hi, I sold my previous fund to a buyer that was interested in starting a fund, but didn't want the hassle of starting from scratch. I transferred to him the LLC, Wall street address and number, Fund contacts, brokerage account. I provided a one stop solution, now I am looking to start a service to ...

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+1
When can I leave my GPA off of my resume?

BobbybananamA

At what point can I leave off my GPA from my resume? 4 years work experience? 6 years? What about with and without business school in there? Do you think people will ask me anyways if I leave it off? ...

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+2
Non-compete for hedgefund

nt181

So friends, Let's say I made a dumb decision and join a "(in)famous" hedge fund with 2 year non-compete written in my contract. Of course, at the time, the hiring manager told me that the length of the non-compete thing is a function of how much I know. And now 6 months later, I regret my decision....

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+2
Resume Just Been Gutted - Please HELP

jaykay0401

Hey guys, apologies in advance for a long post. Background: I do not want a job in IB. I'm specifically looking for a job at a Hedge Fund after graduation. I just finished my Sophomore year of College at a target school, with a Major in Economics and a Minor in Finance. I thought everything was goi...

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+1
Catalysts

monkey985

For stock catalysts, are these events that you simply predict will happen (e.g. a catalyst is X possibly acquiring Y--even if that never actually occurs in real life)? Or is a catalyst an event that will definitely occur and make the market see the true value of the stock (e.g. Q4 earnings is a cata...

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Getting into Hedge Funds from IBD?

zMaverick

I'm starting FT at a MM investment bank in San Fran. I've got some experience investing personally and in a college club, and I have a close mentor who is a hedge fund manager. If I were to take the hedge fund route, what would be the best path(s) (is going into PE and/or getting an MBA required)? ...

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Hedge fund investor letters and presentations

West Coast Analyst

I have been reading Buffett's newsletters as well as Pershing Square's presentations whenever I can get my hands on them. (I have linked to them below for your perusal as well). I also try to read Greenlight's quarterly investor letter as well. Who else do y'all follow and are there any other presen...

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Trading Returns

nikolicage

Just curious as to what returns traders look for in short term trades. When building out quant systems are there hard loses and gains that while trigger a sell/exit point? More curious on hard stops after gains are made rather than ride the winners. With there being a variety of trading strategies, ...

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+1
WSO HF Interview Guide: Reviews

bau_9081

Has anybody used the WSO HF interview guide? Any thoughts? Pros and Cons? Interested in it, but wanted to get some people's thoughts before going in....

1
+1
Breaking into HF as an Analyst

bau_9081

Currently work in consulting; have an academic background in finance and sitting for the CFA level 1 in June. Have been networking with various people who work on different kinds of trading teams (strategies and industries). Any advice on how to break into the industry as an investment analyst on a ...

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+1
What areas of the hedge fund industry are actually growing and deserve to grow?

BobbybananamA

fundamental long/short equity hedge funds face redemptions, declining fees and firings on a regular basis. this makes sense and is well deserved; most fundamental long/short equity funds do not earn their fees and they do not as a group create much value for their limited partners. are there any t...

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+7
Best Credit Funds That Hire out of Undergrad

QjcjaZ9

What credit funds higher out of undergrad? How would you think about a credit fund vs special sits investing group at a BB? ...

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Software Engineer to Jr. Hedge Fund Analyst (Is it Easier vs. traditional path)

TheRoadLessTaken

I was wondering if it is actually easier to join a tech-focused hedge fund being a software engineer with strong finance fundamentals and opinions in the tech space, as opposed to a traditional I-Banker and Equity Research Analyst. I've been dabbling and taking finance seriously since sophomore of ...

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Black Diamond Capital Management: big player? # employees?

chelseafc

Anyone have any info on the firm? How big of a player is it? How many employees? Thanks...

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video courses online for value investing

earthwalker7

Has anyone found any good video courses online for learning value investing? Or public equity investment overall? I watch a lot on Youtube, but nothing is so structured. There's general info available, but mostly superficial. I want to dive deep. Has anyone tried the Columbia value investing pro...

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Is Renaissance Technologies really a hedge fund?

Soy

Is Rentech really a hedge fund? Does anyone have any thoughts on this though? renaissance technologies ...

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+6
7 Figure Hedge Fund Salary - Myth or Reality?

new.yorker92

Widely considered the creme de la creme of financial institutions, hedge funds are a source of fascination among investors and others alike. Individuals aspiring to make exorbitant amounts of money look up to top managers with dreams of one day running their own fund. Getting to that point is a topi...

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Graduated Business Major, want to become a quant now. What's my best bet?

BallerContender

Just graduated with a BBA, have a BB IB FT Offer lined up. Would like to end up in a Quant role, possibly S&T or Hedge Fund. I did not study math, physics, or CompSci during undergrad (just business topics, & Heard some MsF or MsFEng require previous work on topics mentioned) What should be my gradu...

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+1
How Transferable are Skills Working at a Hedge Fund

heff42

I am a Sophomore in college doing extremely well at a top target school and will have the opportunity to start my career at a hedge fund. I just went to AQR Early Engagement days and really liked the people and the day to day work of the quantitive researchers seemed very interesting. My only concer...

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Should I start in a hedge fund internship or a full-time consulting job straight out of undergrad?

cren99

I'm a senior from a target school who originally applied to management consulting jobs in the fall and unfortunately couldn't seal the deal on my final rounds. Moving into the spring I started also applying to finance positions in mainly PE, hedge funds, and investment funds. I was fortunate enough ...

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+15
Should I Slow Down?

Warren's Buffet

Hi WSO! I have a bit of a predicament. I'm currently a first year with ~70 credit hours and can graduate in Fall of 2020 with a few more summer classes and winter classes. I wanted to get your thoughts on this and how going full time usually plays out after something like this. So far, I have been...

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+8
Why work at a Fund of Funds?

freemarketeer

Besides having no where else to work or looking for a stepping stone. I don't know much about the actual work done at a FoF. Got a random interview with one from a recruiter and decided to go for it for practice, at least. I enjoy doing fundamental work, and I feel like working at a FoF would just ...

119
+1
Soros Fund Management

gryphus

Anyone have an updated view/recent interactions/career views on SFM? Particularly interested in their PE and PC teams - I have seen MSD on some deals, but never quite seen Soros around. I know he returned capital to investors in 2018, but at 88, I wonder what the core focus of his office is now tha...

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+1
Looking for Advice: Undergrad who took to long to figure things out

Undercover meme

I am a current junior who is slated to work in IB this summer at a solid firm, but I've come to the realization that this isn't what I'd like to do come time to leave college. For some background, I'm an undergrad math major at what would be considered a semi-target for IB recruiting. I've focused...

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+2
What keeps track of a hedge fund's money? Where is money stored if you run a hedge fund?

TheBestMan

For example, Bernie Madoff lost $50 billion dollars. However, the real question is, WHO ACTUALLY VERIFIED THERE WAS $50 BILLION DOLLARS IN THE FIRST PLACE? Shouldn't an outside third party (Like a big bank) know exactly how much money there was officially in the fund? If I started a hedge fund with...

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+1
Get an interview at DE Shaw/Citadel

Macaco

What are the best ways to get an interview at DE Shaw or Citadel coming from a semi-target school where they do not actively recruit from?...

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0
Which will have faster salary growth: hedge fund or prop?

Derk-Dicerk

Assuming you are competent. I am guessing prop traders have faster salary growth. You get access to trading a lot faster and have more room to matter....

4
+3
Exit opps from my own hedge fund?

guy_incognito

I am an algorithmic trader from a big bank. 5 years ago I had the opportunity (some capital came my way) to start my own hedge fund. I took the plunge. I have a computer science background and run 100M in a quantitative strategy. I have had good performance until the past 2 quarters which have been...

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Ray Dalio Is This Year’s Best Paid Hedge Fund Manager, earning $2 Billion. Your thoughts?

ROK_Marines

Ray Dalio, a hedge fund manager of Bridgewater Associates, has earned $2 Billion in last 12 months. However, the Dealbook article also stated that the magnitude of the manager's compensation also shows the capitalism's broken system. Do you think that this is true? ...

1
+4
small fund manager upset I am interviewing and want to leave, preventing me from taking days off

wasper710

Hi guys, Just wondering if anyone has had experience with this. I work at a small fund where the style is not a good fit for me. The manager is unfortunately knows I am not happy with my position and am interviewing. However, because he is concerned about investor redemptions / inqueries (we are a ...

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+1
Is prop trading dead

Derk-Dicerk

Is prop trading getting wiped out by hedge funds? It it going to come back in the next cycle or is it dead?...

3
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Appropriate hedge in turnaround situation

LMidMarket

Hi Monkeys, I'm looking at Newell Brands as a potential turnaround story as the company seems to have a few catalysts that I view as likely to push the stock back into normalized territory over the next few years if the narrative plays out, however, as everyone knows there is risk in attempting to ...

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SALT 2019

AretePursuit

Anyone attending [SALT](https://www.salt.org/) this year? PM me if you'd like to meet for a drink or two....

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+6
Fake HF interviews - case studies that want free work

wasper710

Hi all, I have been going on a few interviews lately and have run across this situation quite a few times - I don't know if it is "normal" in this industry or not. But fake interviews - basically interviews that will ask you to do one or even several case studies, but once you submit them, radio sil...

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+42
So who's doing well right now?

kppw1517

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 handful of eve...

97
+1
Does one need to be particularly good at math to work at a credit hedge fund?

Dizzybird

I've got to decide which direction I'm going to take, & when it comes to hedge funds, I'm most interested in things that fall under the credit side--special situations, distressed debt, & activism (I know that's not exclusively, or even primarily credit). I have a decent understanding of undergradua...

1
+30
Longevity of Hedge fund career: how long do people last in this industry?

Pizz

For someone who makes it into a Hedge fund analyst job (any strategy) either out of undergrad or from IB/PE or post-MBA, how long do people last typically in the industry? Do people have 40 year careers in this typically (become PM by the end, either at same firm or another firm)? What if you're not...

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What is Point72 Latitude Investments?

ref

As per the title, what is Point72 Latitude Investments? Been researching online but I can't find anything on what it is. ...

1
+1
Newell Brands

LMidMarket

Does anyone keep tabs on this name? Developing a thesis for a turnaround or (not).... jury's still out on this one. Interested in hearing anyone's insights if you're familiar with the stock....

1
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+19
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...

27
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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!...

1
+3
BB Quant Research versus Quant Hedge Fund Career Path

imaginedat

Recently, I've been thinking about career paths and I am curious as to what the pros and cons of starting as a quant within a BB would be versus starting at a hedge fund like Citadel, Two Sigma, etc. Salary seems to be better on the hedge fund side (200k-300k starting vs 100k-150k at BB), but is th...

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+2
IB as an Intermediary Step

Who is John Galt

Hello! I've been told that getting into IB is the best thing to do because of the exit ops. I'm currently a freshman and I want to get into hedge funds but I know it's super hard. The current path that I want to take is to go into IB for two years out of undergrad, then get an MBA. Should I be look...

4
+1
I already got an offer from a HF. How to resign from my current position?

razir110

Hi all! So I recently interviewed and got an offer from a HF and now I was told (by the HF) I can tell my current employer I can resign. I've read a lot that you shouldn't tell your current employer where you are going.. But here I don't see how I can not tell it. The HF will call them for refere...

2
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Preparing for a Hedge Fund Position

Suleiman Kanuni

Hey all! This coming fall, I'll be starting at DE Shaw and Co as a Rotational Associate (which basically means that I'll be spending the beginning of my career doing short stints with different discretionary/back office teams at the firm to figure out where I'll be a good fit). I have a somewhat u...

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Stand out as an Intern at Global Macro HF

PoorCharlie

I am a 3rd year Acct. and Finance Major at a non-target school, I managed to network my way into a Summer 2019 internship with a Global-macro hedge fund. Summer after Freshman year I interned at a single-manager value shop and impressed him with advanced modeling skills and company analysis, but at ...

2
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Vanderbilt (CS + Econ) vs. Georgia Tech (CS + Econ minor)

Kevin-Johnson1

Which undergrad would be better for recruiting/getting into a hedge fund like Citadel, Jane Street, SIG, etc? At Vandy I will double major in CS and Econ (minor in applied math), while GT I will major in CS and minor Econ....

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