Silver BananaTopicReplies
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Investopedia?

MonkeyMath

If I have run two successful investopedia accounts and I have earned tremendous returns on each, should I talk about it in my cover letter for a hedge fund?...

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I need some life advice

Soy

Hello everyone. I am a senior, and extremely worried about the state of the wall st. job market. I am a comp sci-econ major, and am looking into quant funds like Citadel, DE Shaw, bulge brackets, and pro shops like SIG, Trillium, DRW. My concern is that I will not be able to find a job anywhere. My ...

6
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Hedge Funds Feeling the Crunch

affluenza

Looks like hedge fundare the next in line to start tightening their belts and letting people go. Dozens of workers were given the bad news yesterday, on top of recent layoffs at both Ramius Capital and Perry Capital, two of the big players in the industry. Interestingly, a spokesperson for Ramius ...

3
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A new Wallstreetoasis.com group for hedgies, and aspirings

Soy

I have created a WSO gorup for employees at hedge funds, and aspiring HF employees. Network, convene with, and talk to fellow hedgies. Help aspiring hedgies get to their dream (they need all the help they can get in this environment http://wallstreetoasis.com/group/hedgies...

1
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Andrew Lahde Fairwell Email

bearing

Did anyone read the Andrew Lahde fairwell email? The whole thing is hilarious. I quote: "The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, andthen the Harvard MBA, was there for the taking. These people who were (often) truly not worthy ofthe education they received (or s...

14
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Hedge Fund Comp

jhedgie

Working at a hedge fund means you're total compensation can fluctuate wildly because most of it is paid in annual bonuses. Assuming your fund is not going to earn any incentive fees in 2008, how much do you expect to earn? I have been at my firm for 4 years and I am making active investment decisi...

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Sofaer Capital - anyone heard of them?

MDR

Looking for some info on Sofaer capital in London. Are they well known? Comp? PM me if you don't want to post. Thanks....

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Agribusiness Management

MotivatedMonkey

Just a quick question of curiosity. Would a major in agribusiness management be worth anything in any sort of banking field? I'm currently on my way to a finance degree, but became intrigued with agribusiness management and began to wonder. I wouldn't expect so, but could be completely wrong,as what...

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How are the big funds doing?

trade4size

So I am wondering how the big hedge funds out there are doing in this environment. I have heard rumors some some of the big names SAC Citadel are getting pounded pretty hard. Im looking for more to read on the subject. All the people that made ridiculous returns while applying leverage are now be...

5
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Morgan Stanley - Process Driven Trading

Farm_Boy

These guys just came and did a big presentation at Stanford. They seem to be MS's proprietary high frequency algorithmic trading group. As far as I can make out, there isn't much of a lead role for undergrads to play in such a desk - you're either doing research or doing development/implementation. ...

3
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Does anyone know GlobalCrownCapital

Donghui

Hi all, Does anyone heard of GlobalCrownCapital? I had two phone interviews with them and then they offered my a job ( research associate) in San Francisco with on-site interview. A little bit weird. Then I found on the web that the found/CIO was involved with fund fraud before. Should I still ac...

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AM/HF in this market? Advice pls

gofasterstripes

Have been made an offer to join a reputable boutique AM as a Equity Analyst focused on Long only equity and Ab Rtn portfolios. What do people think of this as a career option in the current market bearing in mind it is something I really want to do. I would be leaving my current mid-mkt M&A boutiq...

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World's largest hedge fund?!

Dream

Does anyone know of a hf by the name of strategery capital? Strategies, lifestyles, etc. It's the largest hf in the world, but i haven't heard of it up until now.. Im at stanford right now btw, comp sci major. So Im wondering if it's quant (alot of the big HFs are quant right now) MOD EDIT: Appar...

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Top Fall Internships in New York City

McGyver

While most SA positions are just reaching their halfway mark, I have found myself thinking quite a bit about what I might do this coming fall. I enjoy work what I am doing so much now that I want to continue making progress in learning during school. This fall I will have, to be modest, a pretty am...

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Cyrus Capital

Frank Slaughtery

have an interview coming up with one of the partners for a position in distressed. i got the basic info from their website (employees, AUM, strategy, etc). anyone have additional information such as culture, track record, etc? thanks....

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No pay school year intern in hedge fund

califish

Just wondering under current market condition, what is the best way to find a no pay school year intern in a NY based hedge fund? I'm a first year MBA student with engineering background in NY. Could anyone drop a few lines on it?...

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Fortress in Toronto

Drama

Does anyone know ANything about Fortress Investment's Toronto Office?...

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Eton Park

McGyver

Obviously we all know the background of this firm; however, what does the recruiting scene look like? Is it on a "you don't call us we call you basis" or is there some formal recruiting programs at schools? Do they even take undergrads or just concentrate on MBA or lateral hires? any additional i...

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Want to be a rockstar

cubsfan

I've been working at a mid-sized investment consulting firm since undergrad (graduated May 2006), and I want to move to a fund. I was promoted at the beginning of 2008 (20% raise), and passed the level 3 CFA exam this past June. I evaluate & recommend investment managers to our clients (pension fu...

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BAM Fund of Funds

mings84

Hi, I have an upcoming interview with BAM in Chicago for an FoF analyst position. Can anyone shed light on what the culture is like, hours, compensation, work, reputation, etc... Much appreciated!...

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Bridgewater Associates - Life of high-level software development?

banker112

Does anyone have any information on the life of high-level software development guys at Bridgewater. I am inquiring as to the life-style/comp as a experienced software developer (think someone with undergrad and grad degrees from MIT, and about four years work experience at a top-notch corporate so...

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please help me make it clear

seandai

Hi all, I am a 1st year Chemistry PhD at a target school. Although I can choose to get in some major-related companies e.g. ExxonMobil, Shell etc when I graduate, I more like to work for a hedge fund and do analysis work for industry e.g. mining, chemicals, materials, energy... Here are my question...

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Crappy hedge fund managers

Drama

Who is the least qualified hedge fund manager you know or heard of?...

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Top earners at a typical hedge fund: traders?

prospie

Who else could come close to taking home $100m in a year in your early 30s? Maybe if a hedge fund has a buyout arm those guys could make some decent money, but does it still even compare to the money traders are making?...

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3rd yr analyst, crazy to try to find another job?

gorgias

I've been working at a small fundamentally-oriented l/s hedge fund in new jersey. I started in 2006 and recently completed my second year. I've been offered a third year (probably 95k base plus 35k bonus). I like the work, but don't like new jersey, and would like to try to find a job in NYC. I'd ...

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How do you do it

elight

How do you set yourself apart, in world where everyone comes from a target school and they all want to be millionares before thirty???? Simple Question, Say what you want. ...

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HF comp

ideating

Anyone out there work at large HFs? (>10B AUM) Please shoot me a PM....

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Global alpha

ideating

Is Global Alpha located in 85 Broad? Or is it situated somewhere else?...

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HFs causing high oil prices

Quarter

Here's something for ya'll that's a little different from the standard fare on this site. Are hedge funds and others trading in papers actually affecting the price of oil? Seems clamping down on financial players in energy is the latest silver bullet to end high gas prices. (e.g. http://www.marke...

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Question about analysts!

Drama

If I get a job at a very well known hedge fund (DE Shaw, Citadel, Harbringer, etc.), what will being an analyst entail?...

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Fake Hedge Fund

Drama

So I was at yet another hedge fund hype-up in Manhattan. And one of the people caught my attention, a young man by the name of Prescott Hahn, a 27-year-old hedge fund manager.. I found him to be suspicious, as soon as he showed me his business card, it said "Prescott Hahn, Hedge Fund Manager. The ot...

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Most Important

texasmade10

What is the most important thing to have on your resume to land a hedge fund job?...

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Masters in FE

wsib1

I am just wondering.. how's the admission process into MFE programs at Berkeley, Columbia and the like.. what kind of GPA, undergraduate courses do they look for (Physics, math are fine?)? Research experience needed? If so, research experience in what field- eg math, stats?.. Or would they prefer in...

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Citigroup Hedge Funds

aston.db4

I have an upcoming interview with Citigroup and was wondering how well are their hedge funds? How's the work hours? Thanks....

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hedge fund utility function / statistics question

bmwhype

can someone explain, in a really dumbed down way, what "higher moments about the mean" means? what does "higher moments" mean? i understand kurtosis and skewness but i dont understand what the phrases above are talking about.......

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IBD vs Hedge Fund of Funds

jam121

Hey guys, just wondering what you thought about going straight into a fund of hedge funds as opposed to IBD straight from college... What are the upward mobility options and pay differences going to be like? Also, what is your general opinion of fund of hedge funds?? thanks for your input!...

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Help - Freshman at Yale

chopsuey123

I am a freshman at YALE (YES,THAT YALE). I want to become a Hedge Fund Trader after graduation. I specifically want to know about the industry in general. What do Different types of trading mean (e.g., energy, MBS, stock). How is the lifestyle? The pay?How's New York City? What are the things I shou...

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Career Path - Analyst going into second year

CompGroup

Hello fellow monkeys I have a quick question. I am an analyst going into my second year at a big bank (UBS, Citi, DB, Lazard, Lehman, etc). I am expecting a pretty good bonus this year because I survived some layoffs and I have performed well. BUT I am about to say fuck this job and place. I have a...

1
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CAIA for a Hedge fund career

cm2522

My aim is to get into a hedge fund research/analyst. I will complete a year in Funds management / Buy side, and have a master in business that is not widely known outside my country. (Although it was good enough for my current employer, an IB just-outside-the-BB, to come overseas and recruit me). I...

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hedge funds and current market conditions

joshmiller0802

How are hedge funds performing in the current market conditions? My friend said to me, “I bet hedge funds are making a killing right now with commodity prices skyrocketing.” However, I was under the impression that many hedge funds have posted large losses. I assume this is due to holdings in eq...

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how to break in?

traderpimp111

What does it take to get a job at a large hedge fund? Do the 1bn+ funds mostly take analysts from BB banks? How can they distinguish between all the young guys who do not have much of a track record? Is it better to stick it out at a bank until youre an MD or make the move ASAP? Also, is it signifi...

3
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resources to find out what funds invest in.....???

x35109

Does anyone know of any good online resources for reseaching hedgefunds? I'm trying to figure out if a particular fund invests in real estate assets or not?...

3
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HF / PE reading

nystateofmind

For any of you guys at HFs or who have done extensive research on the industry: I'm looking to do some reading to learn up on different investing styles employed by the funds. Any comprehensive (but relatively introductory) literature out there that you'd recommend? For any of you guys in PE or w...

3
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Odd lot trades

falcon00

There is an opportunity for average everyday people to engage in a little risk arb. We learned about it in class. Basically it involves lowes trying to clean up all the little guys with less than 100 shares by having them tender. There is little out there in google land about this and apparently its...

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HedgeFund from Undergrad

MMBinNC

What HFs (if any)recruit from undergrad? What is the comp for this? ...

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Hedge Funds &Asset Management

nas2008

Hey everyone, I would like to know what's the ultimate difference between HFs and AMs. What's the distinction between them? I understand that some AMs that can be considered as HFs. Is there any requirement for an AM be a HF? Thanks....

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Summer interns' salaries at hedge funds

ST2008

What is the summer internship pay for summer at hedge funds-- do they provide any bonuses? I have seen many threads discussing the SAs' pay rigorously, but what about the well-established hedge funds? I will be happy to hear from those who already had internships or offers for this upcoming summer a...

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Word Problems for Future Hedge Fund Managers

WallStreetOasis.com

Here is a humorous post from Timothy McSweeney's blog by Bob Woodiwiss: http://www.mcsweeneys.net/2008/5/7woodiwiss.html Elementary(AGES 5–10) 1. Dick has $1 million. Jane has $1 million. If Dick and Jane both give their $1 million to T. Boone, how many millions will he claim he can turn it int...

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Global Macro Middle Office

ELK9

Does anyone know how common it is for large discretionary global macro funds (caxton, moore, fortress, tudor) to promote middle office analysts to the front office as traders or what the exit opps would be? By middle office I mean P&L, risk exposure, pricing. ...

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Suggestions? Looking for funds

ideating

I'm trying to put together a list of the biggest global macro funds (potentially 130/30s as well)- any suggestions on the best way to do this? Alpha mag is of no help, doesn't break it down by strategy....

2
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Required Reading..

HedgeHog

There's been a lot on this board about the credit & mortgage crisis, how we got there, where we're going, and the roles of all involved, especially the investment banks (where, incidentally, many of us work). I think everyone should take a few minutes and read this speech that was given by David E...

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Allstate investments

ST2008

So, it turns out that Allstate has a hedge fund group which holds about $153 Billions of assets. I have never seen any topic mentioning Allstate at all. So, do you know anything about them? do they have an internship program? Is it comparable to other hedge funds and BBs? Thanks...

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Rule 144a & Restricted Securities

RetailJoke

Hi. I have a question for the Group. Sorry if this is too elementary. I work for a hnw / institutional-like person purchasing restricted securities. This is his investment approach verses open market transactions. The thought process is: why buy watered down, crappy equity securities or crappy ...

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Hong Kong recruiters

cain

Anyone know of any? good ones, bad ones? ...

3
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Hedge fund manager rakes in $3.7B

4damoney

NEW YORK (CNNMoney.com) -- Hedge fund manager John Paulson of Paulson & Co. took home $3.7 billion last year, making him the biggest earner in the industry, according to Alpha Magazine. Alpha's annual survey of hedge fund pay found that the top five fund managers - Paulson, George Soros of Soros Fu...

4
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quantitative tools/frameworks implemented in the industry

gluttonousMoose

Is there a standard set of pricing tools/frameworks/engines used at hedge funds to model securities? Or do firms pretty much write all of their own implementations of Black-Scholes/swaps pricing/binomal trees, etc? I'm not talking about commercial APIs like for Bloomberg or MD-Trader but I would ass...

1
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CDO Analyst

jayroc2k

I have an offer with a Hedge fund as a CDO Analyst role involces, cash reconciliation vashflow modelling compliance i am unsure if this is a worth while career to be involved what are the bonus propects with a role like this at a hedgefund in credit markets the base salary offered id not great,...

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Fund List

titanboxer

Do you think we could all come up with a list of funds that everyone can add to? I know there are thousands and barclays sells a list with them all on it for like 5 grand or whatever....

2
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Distressed Debt trading vs Distressed HF

Frank Slaughtery

i am currently working at a top 5 BB in S&T and have the opportunity to move onto the distressed debt trading desk (at the same BB) in the next month or two. I also have several potential opportunities at Distressed HFs ($10+bn AUM). Trying to figure out what would be the better career option. Clear...

1
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CDO/CLO Fund Position

SFGIANT

I have an interview with a cdo/clo fund in california next week. During my phone interview I was told that the below are some of the responsibilities. As far as the modeling goes, is this calculating payments? Also, would this be considered a middle or front office role? Exit opps? Some complia...

3
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MM m&a vs. Quant Research ops position at Top HF

ibtohedgefund1

I currently work at a middle market investment bank as a first year analyst doing m&a and received an offer from a top HF doing quantitative research in the operations department. I was wondering what the thoughts are of staying in m&a vs. quant ops at a top hf? Also what is the career progression...

3
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How valuable would CAIA (Chartered Alternative Investment Analys) be for a software engineer

kilyas

My question is aimed at the investment professional specially working in hedge funds, who might be in a better position to shed some light on this issue. For somebody at a senior level IT position and over 8 years of experience in this field and working for the financial services, how beneficial wo...

1
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Does anyone know the trading style or strategy of GSPS?

sapphireduke

Does anyone know the trading style or strategy of GSPS? Is it a highly quantitative fund or not? Do the traders work in teams or do they have complete discretion and trade on their own books?...

1
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Palm Beach hedge funds

heyman800

Are there any hedge funds in Palm Beach that would be worth looking into for a summer analyst position?...

1
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Gamma/Delta

OpsDude

Where is a good resource to learn about these greeks? I just got reamed in an interview and had no idea what they were (or that I was even suppose to know what they were(...

6
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AQR's largest fund down 15% thru mid feb...

b4f

4B in the 4Q down to 2.9B. Wonder how the other quant shops are doing thru all this turmoil......

1
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Difference versus PE

WizardofOz

How is the role of the Pre-MBA associate different in PE versus HF? It seems both jobs entail doing diligence and financial modeling. What choose one over the other? It seems a lot of these HF don't participate in active trading, but just long-term investing so the role of the pre-MBA associate wou...

2
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Incentives on Wall Street - your opinion

prospie

"The fact that Socgen getting massively blown up doesn't inspire fear (or even loathing) - but a roasting and laughter should be a stunningly visceral example of the rot in the Street's DNA. As a very simple example, there's almost zero incentive to manage (money, assets, etc) for long-run value cr...

3
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Goldman's New Fund

buyside07

So Goldman launched its new fund on January 1st. Can anybody who works in prop trading tell me anything about the heads of the new fund, what sort of strategies they are looking? How long term is the investing. Will this fund be a very trading oriented shop and how separate from the rest of Goldma...

2
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Intern Salary - Offered an internship at a hedge fund

kernab1984

I was offered an internship at a hedge fund. I am currently in school, so this internship is basically for the spring semester. What would be a reasonable (not excessive, but industry average) pay per hour for a hedge fund intern? More info: I will be doing industry and company research. I will be w...

2
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SA offer? Confused as to which is the better path.

sk2613

Hi all, I wanted some of the more experienced members to help me decide on a SA offer. I am a junior, looking to graduate in December 08. As of right now, I might have a BB hedge fund of funds offer and might have a large hedge fund operations role. I know in the future that I would like to work ...

0
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HF internship question in regards to other sectors of wall st

Banking on Investments

I'm looking at internships and I may possibly get one with a HF. They said they will not hire me full-time. I know this to be 100% for two reasons: 1. They said so. 2. I'm a soph anyways. My question is will this boost my chances of internships for junior year when it counts? Specifically PE, but ...

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comp in fixed-income operations?

PMP

can anyone tell me what kind of bonuses do ops people at hedge funds make? lets say your base is 85K, is it unreasonable to expect at least that much as a bonus? (assuming you have around 5 years experience in ops at a sell-side firm) many thanks  ...

0
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Morgan Stanley | Graystone Research

markets405

Any one know any info on this division?? All I know is they do Hedge fund-of-fund for PWM. Anymore info would be a big help. Thanks....

3
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Hegde Funds That Have a Summer Analyst Program?

ixjunitxi

Anyone know any hedge funds or pe firms That Have a Summer Analyst Program? Simmilar to the Ibanks or even if it is not similar (in structure) have one at all? I know the Blackstone Group hires summer interns? Any other firm?...

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Which shops does pre-IPO investments

crevok

Hi all, I'm new to this financiering stuff, and, I'd like to know what kind of shops and which ones specializes in pre-IPO deals; i.e. buys private placements before public offerings. Thanks! CK ...

2
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Bwater --------

jeedog

Any feedbacks from past (telephone) interviews for SA Investment/Management positions ? What kind of technical questions ? Any competency based questions ? What are really the keys things to master ? Since there is not a lot to available to learn about HFs and Bridgewater in particular, I mean not...

9
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Are you a quant jock?

HF_novice

I am interested in HF, and I would like to know how quantitative you need to be in order to succeed. I have sufficient quant skills to do well in IB (mainly arithmetic). My impression is that HF/trading will require much more than that. Is this right? This may be completely wrong, but I've got the ...

2
0
Your views on these courses (for HF)

HF_novice

Hello all, I am a MBA student who's also a novice in the world of HF investing. I'd appreciate if you could help rank the courses below in terms of relevance to a career in HF, and perhaps include some brief comments on the relevance of these courses to HF careers. I've taken introductory courses in...

3
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Year 1 take home from big HFs

jbc2436

What do you guys know about the range of salary + bonus for a 1st year guy at a place like Bridgewater, DE Shaw, or another big HF? Thanks. ...

8
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Global Macro HF Vs. S & T BB

laxn103

I know its tough to make any blanket statements, but what can one expect the differences to be in 1st year analyst work at large global macro funds 5>bn and working as a 1st year analyst doing S & T at a BB? In terms of actual work, compensation, etc.?...

0
+1
Can I get an internship at a hedge fund?

gameday

I was wondering if anyone could give me a bit of advice on how to get a spring internship at a hedge fund. I'm in my last year of graduate school and have already accepted an offer for full-time employment, so I'm not looking for a permanent job. I just want to get some exposure to the kind of work ...

9
0
HFs that let you trade own book?

omega

Hey, does anyone know good HFs that let you trade your own book after a couple of years? The closest I've seen seem to be SAC and Tudor. It seems like at most funds, you work as an analyst, then eventually portfolio manager, never having the ability to trade based on your sole discretion....

5
0
DB Zwirn ad Co.

Priyankakv

How is working for them as an investment researcher? Is is good for the resume? Will it look good and teach me something???...

2
0
Citadel-Ops Analyst

d52strick9

Can anyone give me some info on Citadel, specifically their Operations department? I have been reading numerous blogs about the culture being both very conservative and cut throat (due to Griffen's Jack Welch's mentality of firing the bottom 10 percent). I have also read, probably correlated with ...

4
0
Jane St. Capital?

lolercoasterrr

Hi. I'm a junior and received an initial trading interview at jane st. capital. What's the firm's perception on the street? Also, can anyone give me some insight as to how the finance interview might go? All I know is what they told me, that it's going to evaluate my quantitative abilities. Thanks....

9
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Getting into Centaurus?

jbc2436

Do you have to come from trading? Do they even look at guys with BB energy practice experience?...

5
0
FoF Fee Study

cubsfan

Does anyone know where I can get a recent report comparing fees at funds of funds?...

2
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Dean Ventures?

theflyingcow

I know this is probably a long shot seeing how they're pretty new, but I got a second round interview with them, and was wondering if anyone knew what goes on during their second rounds? Any input would be helpful. Thanks!...

0
0
DE Shaw Trading // GS FX derivatives sales

mistersof

Hi, Another question around DE Shaw: For those in the know! I am having a second round interview (first round was 2 conf calls with traders)... I know it is for a trading position, but not sure if it is in equity, Fixed Income...Although questions during the conf call were mostly FI oriented?? Wh...

0
0
process associate in research

donna1o26

engineering major, tried engineering, very slow relaxed enviorment. just graduated 6mos ago. offers at gs (backoffice) and hedge fund in ct. turned down gs for hedge fund. any insight on this position?...

0
0
moving from operations analyst to other areas

whowhatwhen

hi there, so i've just started working as an operations analyst at a pretty good hf.( previously i was working as a spot dealer at a fx firm) however, i'm more interested in investment analysis or trading role. whats the likelihood of that? do you think my firm will encourage such lateral movements...

3
0
HF Controller

MSG1226

How does one become a HF controller? Do you need a CFA? How many years experience do you need? How much is the pay? I'm asking b/c I have a position as a controller's analyst in Goldman's Investment Management Division w/ the group that does the valuations and pricing for their hedge funds. The h...

1
0
SPG -> Hedge Fund

bloop12345

What kind of opportunities are there in hedge funds for structured products (ABS/MBS/CMBS/CDO) analysts? Thanks....

2
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Hedge Fund Rankings/Information

thestressed84

Anybody have any good websites where you can access free information on hedge funds with ranking without having to pay $800 a year for a subscription to alpha magazine? looking to compare different ones on the basis of strategy, size, etc... ...

39
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Question about an HF intership as an undergrad.

Banking on Investments

I found an internship(have yet to apply to) that I meet the qualifications for. The thing is, I'm an undergrad, and yes they said undergrads, but what could an undergrad possibly gain from such an internship? It said I would directly assist a portfolio manager, but would this internship help open do...

6
0
Who knows about Sterling Stamos

calvin

It's a fund of funds, roughly 5.5 B AUM. Anyone know anything else?...

1
0
Plainfield Asset Management

Sports684

Can someone pls tell me if you know anything about this fund. They are a 2 year old fund with about $4 billion in Greenwich....

3
0
Susquehanna Summer

milkman84

I was just checking out their website and it seems that "off-campus" (phone?) R1 inteviews are happening in 11 days for summer interns? Does that make any sense? They haven't made a formal posting on my school's job board (Penn), and when I tried to apply for the job on SIG's website, "2008" was not...

0
0
HOLT

latransplant

Has anyone here ever used HOLT or have any thoughts/opinions on HOLT as a buyside tool? Thx, D...

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