Silver BananaTopicReplies
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Full time Offer vs. Potential Hedge Fund InternshipHey guys - I've been hard on the job hunt the last few months and have landed myself in a somewhat unique predicament. I'm very interested in trading and was able to land a full-time offer from a quantitative trading shop, but on the day of this offer I've received a very attractive opportunity for ...
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Oaktree Capital Management - Interview - Advisorygiven a subject and then asked how I would present it in 5 powerpoint slides. Also was asked my thought process for delivering data, I asked questions and was given no actual answers, then after I did my best the interviewer stated the most important thing to do is to ask "why?" even though I had be...
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FoF to HF? Success Stories?How likely is it for a junior analyst with a year or two of HF FoF experience to move into direct investing? I have been hearing a lot lately that much of the skill set doesn't transfer and that it's a difficult transition. Curious what the rest of the forum think and if there are any success storie...
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Avenue Capital group There isn't a lot of information on here about Avenue so I thought i'd ask here. Does anyone have a opinion on the firm it's self, founders, culture and anything people should know? Thanks...
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Athena Capital Management - Interview - Equity ResearchThere wasn't any particularly difficult question. Mostly asked based on your resume and behavioral. With that being said, he did ask some very random questions based on your experiences. Such as if you have done some deals in the past, he might ask you what do you think if company X cooperates with ...
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Any space for the "regular" guys?Since hedge funds and a lot of trading jobs today are dominated by quants do the people with an econ/finance deree without or little programming knowledge have any potential in the HF/Trading industry? A lot of long/short equity funds are also hiring quants from what i have been reading. Are the da...
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Point72 - Interview - Hedge FundKnow everything on your resume and be able to talk about it, they focused on every single item that was on there. Also have a good story to tell regarding adversity–how did you overcome adversity, what did you learn, etc. I'm assuming they're looking for people who have gone through hardship and...
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Global Macro HF straight from Masters with prior BB S&T Summer Internship. Feasible?Hi all, First time poster here, I have been lurking on WSO for a few years now which I have found to be one of the best info sources on the indudstry. I would have liked to get the community's point of view on my recruiting goals. A bit of background : I have a bachelor in Maths from a University...
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HF analyst resumesAnyone know what junior HF analyst resumes typically look like? I did 2-3 years in banking then 2-3 years at a HF, and am having trouble making the HF portion of my resume take up as much room as the banking portion. I could easily do so if I just threw in a few bullets on specific investments -...
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World's dumbest 'smart guy'?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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"Alpha" equity research out of EuropeAre there any shops that produce stock-picking ideas across industries based on more in-depth work? Ie, not the classic set-up covering verticals. Curious if there are any places like that in London....
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Living Ray Dalio's PrinciplesSince I first read the pdf version of Principles, I’ve been fascinated by the way Ray Dalio thinks. It’s true that his billionaire success is what drew me into his thinking, but it’s the rigor of Ray’s ideas that really hooked me. Although I spend my life exploring ideas, I'm intensely pra...
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West Coast Exit OpsHey all, I will be attending universitty of southern california and hopefully will get a job which will porbably be in California. Are there still hedge funds i can go to in california or all they all in new york city?...
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Assessing business risks in an investmentWondering how you guys go about assessing risks for a long position, do you have some sort of framework? Specifically I am referring to the quality / GARP / fundamental bottom-up / value-ish type strategies here. A lot of time in literature seems to be dedicated to assessing the fundamentals and q...
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Weekend Vacation? As a new hedge fund analyst how difficult is it to plan a weekend vacation in advance? Is it difficult to get a Saturday and Sunday off? Have you had to work over the May long weekend? ...
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Current Credit Investment Analyst - thinking about moving to operating roles in companiesHey all - curious to see if anywhere here has moved from the buyside to a corporate strategy/operations role in a fulfilling, successful way. For context - I went to a target school and went straight to buyside out of school for a top-tier credit investment firm that is part of a larger PE shop. I...
2
Bridgewater - Interview - GeneralistThe only asked one question and it was on what premise you thought subsets of a country could succeed form itself. They obviously also asked to talk about yourself but everything else was completely focused on the question of debate, not anything intellectually you could obtain. THey talked about it...
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Hedge Fund Compensation after IBJust wanted to check in and ask what the market rate for a 1st Analyst at a hedge fund would be. Approximately ~$1 - $2bn long short fund and after 1.5 years in banking. Obviously there will be a base and a bonus, but what do people usually make all in?...
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WSO Hedge Fund Prep GuideJust wondering if anyone here has purchased the HF prep guide from WSO and if they found it to be helpful. I recently graduated and will be starting full time and wanted to prep for interviews prior to starting my FT job. Would this be a good way to prep? Any insights are appreciated. Thanks...
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Brown Advisory - Interview - Equity ResearchVery basic questions about fit. Why brown advisory, why Equity research for asset management. Few questions about my CV as well. Why these experiences, how did you get them, what did you do during them. Specific questions about positions in clubs. What I do/have to do for these positions, why do I l...
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Financial services-focused hedge funds?Hey all - hoping the forum can help me put together a list of financials-focused hedge funds. Looking to move from another buy side role in the next year, would be great to have a list put together in advance. Thanks for your help....
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Two Sigma Investments - Review - Leveraged FinanceHours weren't crazy, I had opportunity to increase my earnings and change departments if I wanted to. . I hate New York a lot. The work isn't necessarily fun, a lot of the problems are just thoughtless programming. ...
Citadel Investment Group - Interview - GeneralistI was asked one question about sockets API (which I said I worked with on my resume) and also time series data (without use of packages like sklearn). I was also asked an LC medium data structures/algorithms question (like you'd find on Leetcode, about a medium difficulty) regarding dynamic programm...
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How do you prepare for a Finance/Operations internship at a Hedge FundHi I have an interview with a Hedge Fund's CFO and Director of Finance. There is no 'job description', I simply emailed the firms CEO and he referred me to the person who runs their internship program. At first she wanted me to have an interview with a Research Analyst, but then she realized that I ...
1
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Deciding between MM IB and BB ER to eventually break into L/S or Credit HFBasically I haven't been doing too hot in IB recruiting so far. I have decent previous ER experience, I'm going to be interning at a small value mutual fund this summer, and I have a very well developed pitch as well which I'd send out while networking. I feel like I'd be fairly competitive for BB E...
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Steel Partners - Interview - Mergers and AcquisitionsNormal behavioral question. The overall process is very friendly with a nice lady from HR department. We started with some self introduction questions, then moved to some industry-related and teamwork questions. Most of the questions are fit questions, to make sure the candidate can fit in the compa...
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HPS Investment Partners - Exits/Comps/BrandHi guys, Have been doing some digging around HPS Investment Partners (fka Highbridge Principal Strategies), but it seems like there are not a lot of information about the firm out there after the buyout from JPM. Anyone can shed some light on the firm's exit opps, comp range, and brand name? All i...
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D.E. Shaw - Interview - N/AThe questions were average difficulty (considering the limited time), but I was expecting to receive questions relating to my background, and did not perform well. The first problem was on conditional probability. At the time, I did not have a solid background on basic probability, and did not do ...
Bridgewater - Interview - Generalist1) Was asked twice, "Did you enjoy being THE (insert prestigious position) at your prior firm?" 2) After stumbling on math question, "Do you like math problems? Why do you think you were slow?" 3) "I think Bridgewater should become a consultancy. What do you think?" 4) "You're from (non-US country)....
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Citadel Global Fixed Income in NY - Compensation, progression, success rate?I'm considering a role in Citadel's Global Fixed Income Fund in NY. I spoke to a recruiter and am considering applying. I'd be coming on at the junior trader level, probably somewhere similar to where people 2-4 years out of BB S&T would join, but my background is prop trading. Does anybody know ho...
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Point72 Modeling Test QuestionHey - I am interviewing at Point72 next week and am taking a modeling test. The last post here that addressed this is a couple of years old and said it was largely a pre-built model and to focus on ROE/ROIC the cash conversion cycle and EPS calcs. Does anyone have any updated info on this? Thanks!...
2
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Call with a Hedge Fund PartnerHey guys, Last week I got in touch with a Partner at a company (On Linkedin) but I did not pay much attention to it. I was looking for people that had worked in FIG for a bank since I applied to that bank a few days ago and was looking for someone that had been there to shed some light. The person...
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Why Do The Top Hedge Funds Not Pay More Taxes?Why is it that the top Hedge Funds see they're income bracket get slashed from 39% to 37% under the new GOP tax plan while the top 99% of income goes STRAIGHT too the upper .1%? Doesn't it figure that hedge fund billionaires at Goldman Sachs, Deloitte, Amazon, UBS, RBC, Nomura and Wells Fargo can ...
4
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Taking the Series 7Hello all, Over the past few months I have been looking into potentially taking the series 7 exam, and wanted to receive some feedback on the matter. My first question is, how difficult is it to obtain your series 7? I do not have ample amounts of free time everyday, but generally have a few hours ...
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Moving from an expert network to a fundamental equity HFHey guys, so I've been at an expert network for a year and I'm very interested in moving over the investment side as an analyst, either at a HF or even in sell-side ER. I'm going to take the next CFA exam, and want to move to an equity HF. Any tips on how I can make the jump? Anyone else know anyo...
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UCSB Financial Math and Statistics majorWhat do you think about this program? http://www.pstat.ucsb.edu/financebs.htm...
3
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D.E. Shaw Allegations from a Fired MDhttps://dealbreaker.com/2018/05/fired-de-shaw-md-shocked-that-anyone-was-offended-by-his-mel-gibson-impression-what-with-all-the-orgies-raging-in-the-office/ * An MD repeatedly sent text messages with inappropriate sexual images during different meetings. * On another trip to a strip club (wher...
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Black Diamond Capital Management: big player? # employees?Anyone have any info on the firm? How big of a player is it? How many employees? Thanks...
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Hedge Fund Interview Guide BETA is LIVE!We are finally here! For those of you waiting on the WSO Hedge Fund Interview Guide, thank you for your patience -- it has been a long process to get to this stage. Unlike investment banking or private equity, the hedge fund universe is enormous, so we really had to spend a long time drafting the ...
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Typical Hedge Fund HoursI've often heard that hedge funds working hours are much shorter than PE or IBD. How true is this? I am interested in long / short equity and special situations hedge funds. For those in the industry, please tell us your: Average hours worked per week Average no. of weekend working hours per week ...
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Jane Street Capital - Interview - Hedge Fund1. We randomly select 4 prime numbers without replacement from the first 20 prime numbers. What is the probability that the sum of the four selected numbers is odd? Express answer in common fraction. 2. You have been chosen to play a game involving a 6-sided die. You get to roll the die once, se...
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Macro data sourceQuick question on if this would be useful to anyone in the HF industry: 1. In a former life, I did academic research on wage inflation. 2. As part of this research, I found some leading indicators of wage inflation from the current population survey (CPS), if you do some significant data work on th...
2
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Questions about Single Manager vs Multi Manager HFsI plan to recruit for Equity L/S in the future, and am trying to figure out if I should aim for multi manager or single manager funds. I find that my investing style is mid-long term, and I don't try to predict the next quarter's earnings for a company. I have the following questions that I was hopi...
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Deriving a PT from FCF yieldHey there, I think I'm missing something basic here. I'm familiar with deriving a price target for a stock based on things like EBITDA multiples, but I've seen people say things like "At $N EBITDA and a X% fcf yield, the implied price is $Y/sh for a Z% upside." What is the math there for deriving a ...
4
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Longevity of Hedge Fund analyst career?Any thoughts on how sustainable an analyst career at HF is given the many headwinds? (commodity skill sets, industry overcrowding, consolidation, too much capital, shift to passive, growth of algo trading, etc.) Do most people do 5-10 years stint and then leave for other pastures?...
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Let's say markets crash next Monday. What is your gameplan?*Next Monday is entirely hypothetical, assume the one following the day you read this thead. *Reasons behind the market crash are also entirely hypothetical, if you are looking for some magnitude, let's say it's September 2007 again. In other words, how prepared are you for the unknown?...
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WSO Hedge Fund Resume Template for Professionals with Deal Experience is Released!HF Resume Announcement: WSO has released a hedge fund resume template for Experienced Professionals with Deal Experience!: Click here for the free investment banking resume template for college students. experienced professional resume for hedge fund analyst interviews Just like our PE resume ...
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Career in operations at a quant fund? (trade support)Would this be a good area to get into? I have been working as a desk assistant at a small market maker and it feels like click trading/non-automated stuff is dying (especially in liquid stuff). I would be most interested in trade support kinda roles....
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Need Help: Undergrad Fordham Gabelli School or University of Illinois Statistics Major? Help!Which one do you think would get me on a better track to landing a job in IB or HF post undergrad? Am I screwed with both either way? UIUC offers an IB Academy which tends to place a lot every year in Chicago and NY IB, but fordham seems to have a lot of networking opportunities. ...
4
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Question on tender offer?Fund (the "Fund") is offering to purchase up to 30% of the net asset value, calculated prior to shares tendered pursuant to this tender offer (the "Net Asset Value"), of the Fund's shares of beneficial interest ("Shares") that are tendered by shareholders of the Fund ("Shareholders") and not withdra...
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What HFs are worth going to out of undergrad?I've seen some discussions about joining a HF out of undergrad, but there's a lot of disagreement. I go to a top target and have a strong GPA. What fundamental hedge funds are actually worth going to and consistently recruit? Or is it generally better to go for a top banking group?...
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Berkshire Shareholder Meeting 2018 Anyone going to be there? Ill be going for the first time and was wondering if anyone from WSO is going. Also, I'll have an extra pass or two so PM me if you would like it. ...
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Post MBA Options for a HF Career? Equity Research vs IBD AssociateHi All - I'll be starting at a respectable MBA program this year and will be in the fortunate position of having to decide between IBD or Sell Side Equity Research (Buy side would be ideal but taking a conservative approach) So I was under the impression that IBD would open more doors generally,...
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Landing Internship Early I have been reaching out to fund managers offering to work for free at their fund offering any help I can provide and I have not had any luck yet. Does anyone know if it is possible for someone like me to be able to get experience from a fund at my stage rn? Doesn't have to be any big name fund, but...
2
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Career trajectory for macro, post Volcker (Yet another annoying career post from a student with limited understanding of the financial industry) What specific area of finance would yield the best opportunities to move into an analyst/researcher/pm role (not execution trader) at a global macro fund in todays market? Before the Volcker r...
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Anyone heard of Novus Partners?Hey everyone, Recently came across this company called Novus Partners and am very curious as to what they are about. If anyone can shed some light on what these guys actually do (I've read their website and am still a little confused), that'd be awesome. Seem to me to be a sort of FoF set up, howev...
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Starting a HF in college with multiple Accredited Investment?I have found a business partner willing to be a general partner. This person has a proven track record raising accredited investment in real estate and believes he can promote me and the fund. Our target is raising $3 million accredited investment by July 2018. My role will be HFM running the fixed ...
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HF recruting advice - IB Group selections M&A or FIGHey everyone, I was hoping to post on the HF forum to hopefully eliminate the answers that will be as simple as M&A the end all be all. After accepting an offer at a lower tier but strong BB for the summer (and hopefully FT) I am in the midst of the group selection process. My long term career g...
4
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AMA: Volatility arbitrage PMAfter 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 math and CS...
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HF Prep Before Starting FT?I begin working in equity research upon graduation this summer. I wanted your opinions on whether you think it's worth it for me to begin hedge fund prep now, before I begin working full-time. I feel like if I start now it'll motivate me to continue prepping during the first few years of FT work, an...
5
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Georgetown vs UVA for HFHello Wall Street Oasis Community, As a senior in highschool trying to decide where to choose to go to college, I have narrowed my choices down to Georgetown McDonough vs UVA. My goal is hopefully HF/buy-side out of Undergrad. I was hoping I could get your perspective as to which one you all h...
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RV Options TradingHas anyone got any good primers/texts on systematic relative value options trading? Particularly good if it includes how to backtest these strategies. ...
2
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BB strategist -> Global macro fund: likelihood?So I'm currently working in a strategist position at a BB and i'm wondering what HF global macro exit opps look like. I ask because from what i've usually read most global macro PMs come from trading backgrounds, so i'm wondering if research is at all a valued skillset for a PM role. Would be really...
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Salary: Hedge Fund vs Fund of Hedge Funds (FoF/FoHF)For entry level and senior levels? I'm currently a summer intern at a FoHF ($6.3b AUM) with a HF arm ($1.5b) but I can't really ask the people around me what their comps are. The HF guys are a lot more flashy with how they spend money and cop a lot of "oh wow a Tesla this time? Got bored of your lam...
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title for hedge fund intern on resumehi guys. having a hedge fund intern coming up. I wonder what is the general title to put on the resume for a hedge fund intern? is it something like hedge fund analyst or investment research intern? thx. ...
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Sightway Capital, a Two Sigma company ? Anyone here know anything about Sightway Capital, a Two Sigma company ? It seems like there's only one analyst there. Please share any info about the firm. Thanks. ...
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Ever Erect Seeking to discern out the**Ever Erect** Seeking to discern out the best exercises and rep stages are essential however not as essential as one precept that paperwork the idea of the muscle increase process. In case you do now not deal with this precept or you forget about it...
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Are "performance coaches" actually a thing?Watching Billions right now and they really seem to be glorifying Wendy. I get that her character adds a lot of interesting dynamics and whatnot, but does her job actually exist for HFs/AMs or even IBs? I've only been at smaller funds thus far but I could imagine that the multi-billion $ funds may ...
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Should I make the move to a multi-manager platform?I have graduated from college for 4 years and am working in a financial center in Asia (think Hong Kong/Singapore/Tokyo). Currently I am an equity research analyst in a fairly large Asian asset manager (>US$1bn, quite large in the context of Asian homegrown managers) and I have been with this firm f...
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Bridgewater - Interview - Macro"Walk me through your entire life," with interruptions probing very specific decisions you made such as why you skipped over elementary school, why did you choose to play that sport or things like that that usually aren't the focus of most interviews. What is your family like, what were formative e...
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Started a Crypto Hedge Fund; Looking for similar minds and to network!I started trading crypto around 1.5 years ago when I was 17, did very solid for myself and paused my education to rent an office space for a crypto hedge fund. At the moment I'm looking for like minded people, traders, anyone just generally interested to network with! I traded privately for friend...
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How to Download CLEAN SEC Filing Tables?One thing I've always found very annoying is that the tables in SEC filings (10-ks, 10-qs, etc.) are very poorly formatted, which makes it hard to plug-and-play in excel. The excel backups you can download from EDGAR aren't really any better. Anyone know of free or paid services that allow you to do...
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BILLIONS - Differences and similaritities between the show and real life.So........ The title says it all. All experienced users are welcome to share their thoughts. Is the legendary Axe Cap an example of how the world's leading hedge funds engage in their day to day activities? ...
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AQR Capital Management - Interview - OperationsNone, everything was within expectation. A lot of behavioural questions, because some of the interviewers are not in the team but within the devision. They want to know if you will be a good fit for them to interact with, rather than focusing on the technical side. Asked CAPM model and simple bond ...
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Phoenix Asset MgtAnyone come across them? Culture, comp, the usual - Came across me screening for value-based shops based in London....
1
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Saint Elias Cognitive regimen to cease all **Saint Elias** Cognitive regimen to cease all diets. in case you are within the identical boat leaping from one weight-reduction plan to another study directly to truly find out the right manner to lose weight. allow me rephrase that study directly to find out what you need to do to reprogram your ...
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Networking at the UBS Nobel Perspectives conference in NYC tomorrow?Hi forum, Tomorrow there is an economics conference hosted by UBS (Nobel Perspectives Live) in the city and I am invited to go. This might sound stupid: is this a good networking opportunity? There will be 4 laureates in economics but I'm wondering about the split between academics and industry pro...
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U.S. L/S equity funds with offices in LondonWhat fundamental (not trading) U.S. L/S equity shops have an office in London as well? I know Baupost are present there, anyone else?...
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Marathon Asset Management in LondonAnyone has come across them? It is not the US credit shop, but an equities shop in London. Am after usual info on culture, comp, pedigree vs other well known L/S guys. ...
3
Bridgewater - Review - GeneralistTruly open and transparent culture. Get to work with interesting people from a wide range of backgrounds. Reasonable working hours.. In Bridgeport CT instead of Greenwich or Stamford, so it is a long commute from NYC. A bit bloated, too many people not contributing to investing....
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Misdemeanor and affects on possible future oppurtunitiesHey guys thanks for all that will take the time to respond! I have a slight problem on my hands as I have received a charge of reckless driving but have not been convicted yet. I am a 19 year old who is only a freshmen at this point and I was wondering what kind of impact could this have on any futu...
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Merger Arbitrage ValuationI understand the investment strategy behind merger arbitrage, but what kind of valuation is factored into a merger arbitrage trade? Is it only researching the proposed risks involved, probabilities (how would you estimate these), and other factors that may affect the deal? Or does valuation of the t...
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Bridgewater - Review - MarketsPeople there generally happy, very good communication and they will always treat employees very fairly. . Not much, I guess it's hard to start there/interview there but once you realize they are looking out for you you start cruising...

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