Silver BananaTopicReplies
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Transition from Insurance AM to HF/Pure AMHey guys, just trying to gauge how receptive HFs/pure AMs are to people with IM experience, but for an insurance company. I'm currently working in structured credit research/trading for a firm with about $17bn AUM, and eventually would like to switch over. Love working in AM but upside at insurance ...
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Trying to find salary ranges - how do I figure out which hedge funds are comparable?I'm interviewing at a hedge fund that hasn't been mentioned on this forum at all, and the open position has a crazy big salary range according to the internet. I'm trying to find a roughly equivalent firm on WSO or Glassdoor that has posted salaries so I know what to expect. What metrics would you u...
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How will you add value since day 1I applied to a hedge fund in nyc for an internship. Someone reached out to me and asked me how I would add value since day 1. How do I best go about answering this question? I was thinking of saying stuff like my modelling and valuation skills would maybe help with usual stuff but I haven’t been a...
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Case Study Prep HelpHi guys, I was wanting to know how to best prepare for fund manager case studies in interviews. I've got an interview at a large fund manager for a graduate role and I was informed there will be a case study but no specific details were provided. What kind of things should I prepare for and what ...
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Transitioning from MM PE to HFI am starting a MM PE job soon and currently work at an EB. The reason I originally took the PE job was because at the time (very early in my analyst stint) it seemed to be the right next step, a foray into investing while still maintaining the familiarity of running processes, managing teams and pe...
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Point72 - Interview - GeneralistQuestions for the first Hirevue: Is Amazon’s business model and the convenience it provides beneficial or harmful to society? Supposed to provide up to three supporting details Able to plan out your answer since you get the question before hand and have a few days to record your response Hav...
Citadel Investment Group - Interview - SoftwareThere was only one technical interview question asked from the very beginning. I was also asked about my resume, and was told to describe my favorite project and what my contributions were to it exactly. The technical question had to do with recursion and graph traversal. Question. There is a 8 by ...
Point72 - Interview - InvestmentsI was asked to talk about a business deal that excited me. This was surprising because the previous questions were mainly all fit-based but this one seemed to be pointed towards business analysis or keeping up with the markets in some way. It seemed like the were expected some sort of business insig...
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Cold Emailing Investment Pitches to PM’s Hi everyone, am aware that this sounds like a long shot, but am looking for a bit of advice on how to go about cold-emailing an investment pitch to PM’s with hopes of converting that initial contact into a role at their fund. My Story: Interned at an EB last summer across Rx/M&A and got solid d...
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"Quiz" on intellectual horsepower - how to improve on this?Hi guys: My boss has a recurring practice that I think is designed to test our intellectual ability - every month, he'd give us a write-up of an old stock that none of us had looked at, and ask us how we think it performed after the write-up. The write up will include business information as well as...
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Benefits of a CFA? Debating taking the examsIn my first year out of school and currently working as a research analyst. looking to as i gain more experience, work as an analyst in a hedge/mutual fund. Debating going after the CFA and was wondering if anyone had any feedback on how it may have impacted them following earning the charter? jobs,...
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Modeling for Credit FundsWhat type of modeling / technical analysis / valuation is most frequently used in credit funds and distressed funds specifically? What are the most important technical skills?...
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Bridgewater - Interview - Portfolio ManagementWhat do you think is the purpose of the group discussion? They were looking for someone that is open minded. Also I believe they were evaluating our thinking process. They seemed to want someone that could think big picture and establish requirements. Another question was what is the most critic...
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GAAP vs Non GAAPHi, does anyone have a good article/reading material on how to evaluate GAAP vs non GAAP earnings numbers please? Thanks! ...
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Preliminary Interview at Point72I was recently invited to participate in a preliminary interview for the 2019 Summer Academy Program at Point72. I am wondering given my educational background what the entire process will be like. I am an economics major and have not been exposed to a ton of finance and accounting classes, so I a...
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Experienced Hire Interviews & QuestionsHey Guys, I was wondering if anyone with a good amount of experience (5-10 years) at a trading firm or hedge fund has gone through new job interviews lately? I was looking at a job at citadel and wondering if brain-teaser questions are still common at this level. Anyone know if hedge funds and or ...
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MAN GLG and Soros - LondonHow do they invest in equities, ie more trading or fundamental oriented? Also, how is the culture / comp like for both? thanks...
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Netherlands or Switzerland for a career as Quant/Trader?Hello everyone, I'm studying Computer Science (2nd year atm) in Greece and I would like to do MSc abroad in Financial Engineering or a more specialised CS program. I'm interested in HFT, prop trading/market making or commodity trading. As far as I know there are some Quant HFs and some big commodity...
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Portfolio turnover of Tiger cubsAnyone have data on the portfolio turnover of the Tiger cubs? Wonder how trading-heavy they are. I know that the positions overlap is material across them. thanks...
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Point72 Superday 2019Decided it would be a good idea to make a thread for the Point72 2019 Superday. If anyone has any experience or insight to what the superday is like please share below. Good luck to everyone!...
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Citadel Investment Group - Review - EngineeringThere are a lot of very smart people at the company to learn from. In addition, there are a lot of opportunities to learn new technologies and improve your skillset.. The culture is very demanding and competitive at Citadel. There isn't much of a work/life balance due to the long hours. There is oft...
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Help negotiating salaryI'm negotiating my salary in a few weeks and would greatly appreciate any advice. Brief background - I'm a few years removed from a (very) non-target school. I'm the sole analyst at a small L/S value fund (~$200m AUM). I came in as a junior analyst a year ago and six months after I started, one of...
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HF move Europe -> US (external)Has anyone moved from Europe to a fund in the US, but externally? Keen to hear if that has worked out for anyone in the past....
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GMT Capital / AtlantaGMT is one of the few large shops outside NYC. Anyone come across them? What is the strategy / culture / comp like compared to the usual peers? Appreciate insights from guys who work or have worked there and or people who know someone there....
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AQR Capital Management - Review - Quantitative ResearchName brand, track record, friendly atmosphere, free food and snacks provided. Hours are reasonable for finance.. Technology is outdated, pay is below industry standard, promotions are fixed based on seniority instead of performance....
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DE Shaw ActivistAnyone have info on this group? Comp, hours, culture, investments, track record, etc.? Have a first round coming up with them, and can't find much other than they were involved in lowes & adp alongside ackman. ~4 years of experience in asset management, so this would be for an "associate" level role...
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Citadel Investment Group - Interview - EnergyIn general there was no very difficult question. The conversations were pleasant and casual. It is important to be able to explain the detail of the resume. Solid financial knowledge is expected. Some behavior questions were a bit unexpected to me. But it might be because I focused on technical ques...
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Is anyone from Europe?Hello everyone, I'm studying Engineering in Europe but I don't really enjoy it. I love everything about markets and trading so I want to do a Master in something like Financial Engineering because I really want to work in a Hedge Fund in Europe but I don't know which country I should go for. Any ide...
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Walmart - income taxes payable much smaller than income tax expense?Hi everyone, I have a quick question about Walmart please - it's income tax payable is only ~$700 mm last year but its income tax expense was much larger at $3600 mm - what would cause such a difference please? I know the difference would be caused by book versus taxable income, but what items/trea...
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Physical Commodity Trader interested in Junior/Investment Analyst Role at Hedge FundI have 1 year of experience as a physical commodity trader. I work in the lumber market for the largest lumber trader in the united states ( Unless you are in the industry, the name will not ring a bell ). I am also on the state board of a major non-profit on the executive committee ( Irrelevant exp...
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Machine Learning Taking over HF research analyst roles in near future?I read an interesting article recently regarding machine learning taking over research analyst roles over the next 5 years or so (https://qz.com/1113633/wall-street-analyst-jobs-are-the-most-likely-to-be-disrupted-by-artificial-intelligence/). I also spoke to the CFO of a multi-billion dollar pens...
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Meeting with Fund Manager Hi WSO! I have a great opportunity in front of me, and I would appreciate some tips on how I can make the most of it. I have an in person meeting scheduled with a rather legendary CEO of an investment firm whom I look up to, and I am wondering if anyone has any tips on how I can have it lead to a ...
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How do HFs expand/diversify into private markets?Hi I am very curious, how are/would hedge funds expand into the growing private markets and how does it differ from the traditional "private equity" model? Thank you for your responses. ...
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Sample Morning NoteHi all, I recently got an offer at a small (~$250M) hedge fund and one of the things they'd like me to take over is creating a morning note. Does anyone have a sample template of a morning note that gets sent out daily? I have an idea of what to put on it, but an outline would help a lot. Thanks!...
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interview follow up with fund managerI had applied to a fund and the guy running the fund reached out to me asking if a certain date would be okay for a phone interview. In his reply, he also marked some assistant or someone. It's been like a few days since I replied back to him stating my availability; however, I haven't gotten any co...
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Entry Level Hedge funds sales salaryHow much does an Entry Level Hedge Funds Sales individual make on a yearly basis? Sorry I'm a noob. Salary in NYC VS Dallas? Thanks! ...
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Salary expectations / career growth Was wondering what could be the salary/career progression in SALES at a 300bln hedgefund Obviously eat what you kill, but was wondering more specifically base/bonus....
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Northern Trust - Review - OperationsPeople, location, work-life balance, hours, network, prestige, ability to study, supportive environment. Salary, workload, type of work, lack of exposure, lack of exit opportunities, lack of potential job opportunities...
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I am a Hedge Fund recruiter AMAI 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 some questions as ...
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PwC PricewaterhouseCoopers - Interview - Financial Institutions Group (FIG)Honestly, nothing out of the ordinary. One partner asked why I learned French. Another question that I was asked was why I decided to pursue a masters in accounting after having done a master's in finance? Again, very simple questions... Just articulate your answers clearly with some personality to ...
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Fundamental equities shops in EuropeAnyone has a list at hand including fundamental equities shops based in Europe / London? Including TCI, Pelham etc. Keen to hear less obvious names. tx ...
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Highbridge, Man GLG, Leucadia InvestmentHey, has anyone come across Highbridge, Man GLG and or Leucadia Investment Mgt? How fundamental are they in equities or are they close to a Balyasny / Millennium in terms of being a trading-oriented multi-manager? ...
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Any insight on BlackRock Alternative Investment SolutionsDoes anyone have any insight on BLK's Alternative Investment Solutions Group inside its broader Alternatives practice. I don't really see these guys in the market and BLK is such a behemoth place that I find it difficult to actually get any real intel on them. Can anyone speak to the leadership th...
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Fundamental / Value HF Resume. Please critique. Hi guys, Recent grad looking to put my CV into some funds and looking to get some critique. Fyi, I'm here in Australia, so I'm looking to apply to aussie value shops, so there may be some nuances as compared to a US resume. ...
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Phone Call with Well-Known Fund Manager I met a well known (appears on CNBC, books written about him, etc.) midwestern based fund manager at an event a few weeks ago, and I got a chance to introduce myself and we spoke for a short while. I asked him questions like "what can I do to best position myself for success in your industry at thi...
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20 reasons why the series 3 is the greatest rating to have in 2018!!!Apologies for the clickbait title but have a serious question about the series 3. My goal is to pass the series 3 in no more than 3 weeks of study. Can anyone who has passed the exam please recommend the best and cheapest study provider out there. I don't want to read anything, I just want as many ...
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Potential Job OppurtunityI am looking at two potential opportunities: 1) Senior Credit Analyst at a European bank in corporate banking. Large bank (almost 1 trillion in assets) but just starting to break into the US market. Role sits in the front office and is a good setup to become a relationship manager. This has been e...
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Deloitte - Review - Investment Bankingjjjshdjkh dkshksjhd khjdkshdk sjhd kshdkjshd kshdkjshd ks hdkjshdk hskjd hkjs hdkjshdkjshdkjhskjhkjdshfdkjhdkjs. jjjjdhfkdsjhfkjdshfkjdshfkjdshfkjdshfkjdshfkjdhfkjdhfkshfkjdshflahflkdahflkjdsflkjsadhfkjs hflkjshflkjshflkjcahg...
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Which offer should I take?Considering a couple of offers atm in L/S for NY - I'm 1.5 years in as an analyst in IB 1) 10-20bln, recent track record OK, senior guys seemed pretty checked out, big team with lots of smart people, great name - probably would have to leave at some point to ever get a senior role as I expect them ...
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Ideal Path to Global MacroHey fellow monkeys, there have already been some posts about global macro hedge funds, however, I'd be very grateful about some more specific advice in my case. I have finished a business and economics degree at a non-target and will start a master in finance like programme at a UK target school (t...
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From analyst to Fund ManagerGeneralist global equity analyst at a value fund which buys puts for hedging. Our process is quant screen>idea generation> research> buy/sell decision. We have no formal system where analyst idea generation is quantified , so to show good performance is the best way to impress and earn a deputy PM...
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Fund of Funds FoF RankingsHi all, I tried looking for information regarding FoFs but wasn't able to find a comprehensive list online. I'm most looking for world ranking of FoFs by AUM and information pertaining to their returns, investment strategy and if possible the funds they are investing in. Would would be really grat...
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Howard Marks' Latest Memo - Investing without PeopleHello everyone, just wanted to share this interesting piece - Howard Marks' latest memo, you can find it [here](https://www.oaktreecapital.com/docs/default-source/memos/investing-without-people.pdf) Cheers...
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Canadian Student (undergraduate) UC Berkeley vs Richard Ivey (Canada)......................................................................................................... ...
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Starting a hedge fund type of serviceHello all! I live in US and have been trading my own money with success for a while. Recently my business partner and I decided to apply this to other people's money as well while keeping a percentage of gains. So how do we go from here to there? We are considering a fiduciary account approach: wh...
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Bridgewater IE interview advice?I have first real phone screen (technical/analytic) coming up with bridgewater and I'm wondering if anyone has any advice. This is for their engineering (which I guess is software/data science-y) role. I've read through the other 75 comment advice thread (can't post link because of forums rules) and...
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DE Shaw Prospective Intern Summer EventLast week I received an email from DE Shaw inviting me to their "Coast to Coast Celebration" where it's a two hour party/networking event in NYC and SF for prospective interns to meet employees and get to know the firm. I was very suprised to recieve this email, considering I've never directly conta...
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Select Equity GroupAnyone know anything about the Select Equity Group in NYC? All I can find is that they are a hedge fund sponsor, but their website is actually just one page with logo and address. Anything would be helpful....
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AMA, I'm the head trader for a Multi-strat HFWent to a top 25 undergrad program, been at HF trading for past 10+ years, ask me anything. been at same HF the whole time so my experience may not be typical...
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What do you do when you make a bad investment in your HF job? Currently at a L/S equity fund, and one of my investments blew up, as in the investment thesis didn't play out since an unforeseen event happened. So I lost my fund money. Literally just hid under my desk all day while my PM was busy with other stuff. Literally worst feeling ever. How do you cope ...
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Event-Driven Fund Resume Contentshi guys. I will be starting an internship at an event driven arbitrage fund soon. I want to include it on my resume so that I can submit some applications for SA. I know what events the fund has been dealing with recently and what kind of research they have done. However, I have no idea what bullet ...
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EnTrustPermal - Hedge Fund Associate Does anyone have any thoughts or opinions on EnTrustPermal? I'll be speaking with them in regards to a hedge fund manager research role. When I was my previous role with an investment consultant we didn't favor them because after the merger there was some turnover. I wasn't involved in the initial m...
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D.E. Shaw - Review - Hedge FundA very good company. Good reputation. Good pay. Good people. Good working environment. Good career path.. Do not have anything to complain yet. Overall it is a good company to work for. Will see in the future....
JPMorgan Chase - Review - Credit RiskVery intelligent and hardworking people. Large financial footprint means there's always interesting things going on at the firm.. Bureaucracy due to size can be frustrating. Macro technology focus does not translate to efficiency gains for internal projects due to prioritization conflicts and budget...
Bridgewater - Interview - Hedge FundAll were pretty standard interview questions. The personality questions might dig a bit deeper than you are typically used to. On the technical side, the open-ended questions were definitely the hardest because you are given little guidance or variables. I got asked the same question on glasssdoor w...
Citadel Investment Group - Review - TreasuryGreat brand name Good food/snacks Nice office, decent gym Good after hours activities Fast pace, high responsibility. Poor pay for hours worked and stress given Zero opportunity for career advancement Politics more important than work product within the treasury and ops...
State Street Corporation - Review - Equity Capital MarketsFriendly team, relatively low stress, extensive teaching and training over the course of the summer. . Not too many, it was a pretty low stress job without many expectations from a sophomore intern.........
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Alternative career path: Math PhD?Hi folks, I am a sophomore at UNC majoring in math. I worked as an intern at the Investment Banking division at Industrial Bank Co.(China). During this internship, I found that I really hate office work. I enjoy intellectual freedom and wouldn't want to do boring and basic works. Moreover, I found m...
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How crazy would it be to start an investment partnership right after graduation?Trust me: I know this sounds like a bad idea; I'm here to gauge the extent to which it's a bad idea. Bottom line: Professors and career center have been encouraging regarding starting a *small* investment partnership and/or SMA business post grad (BBA finance/MS Accounting from mid/low-tier private...
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Periodic Confusion Hey guys, I need some advices from you experienced players. Background: I am currently interning at a boutique investment banks with ops, but a consulting role. I am rising seniors with com sci and finance background and my school has good presence on the street. I have 2 plans 1. take the re...
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Moving To Buyside Trader Role After Hedge Fund Trader Support Role ?Have an offer to work as an operations analyst at a hedge fund administration firm. "The position will expose the Junior Operations Analyst to all financial markets and products traded globally, including highly complex derivative instruments." During the interview the directors said I will be lea...
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Typical path to becoming a quant?Hey guys, there isn't a lot of talk about this subject compared to other careers but can someone explain to me how people become quants at a bank or HF? Is the general path: CS or Math undergrad from good school -> Work experience -> MFE or Ph.D. in quantitative subject at top school -> Quant. Ge...
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Investors Bet Against the Georgian Chicken Market[From this NPR article](https://www.npr.org/sections/thesalt/2018/05/17/611869606/a-story-about-wall-street-hedge-funds-and-the-chicken-business ), I learned that a Hedge Fund thought chicken companies (Tyson, Pilgrim’s Pride, Sanderson Farms) had grown too fast and decided to short their stock. T...
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Current sponsorship situation by HF/AM after an MBAHi, I'm an analyst in an HF in an emerging market and I'm considering to apply for an MBA. The plan is to try and get an HF/AM job after graduation. I prefer the HF path, but since I understand it's very competitive I'll try to get into an AM as well. I heard some horror stories about the current ...
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Bridgewater - Interview - GeneralistTell me about your current team? What do you like/dislike about it? Understanding on beta / alpha? Why is commodores worhty investment in the long run? The interview is thoughtfully designed to find out various dimensions of the candidate, including mental math/logical questions, case studies (more ...
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HF/AM resumesThere's a lot of content out there regarding IB/PE resumes, but was wondering if anybody had some good tips for HF/AM resumes - specifically, would you list specific "deal experiences" or investments? Currently mine has the following format: -[Description] - Conducted bottoms up research....... -Se...
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HF Guide Prep on WSOHey guys, has anyone bought and used the most recent HF guide on this website? Just curious as to what you're feedback is on it? Also, I'm heading into a top ~15 MBA program so is it even worth buying? Obviously some of the material covered I can learn through classes and/or the investment/finance c...
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Valuing company using multipleshi, some analyst at a hedge fund told me that they don't use DCF and only value companies using multiples. my question is how do you project the multiples for the next 3-5 years and how do you get upside/downside% and target price? the only thing I can think of is comparable company analysis from us...
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Syndicate Calendar Accounts.please message me to discuss. I have an active calendar and could help a couple more accounts that want to participate....
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Syndicate Trading - Building a book I am a younger, hard working, thirsty broker that has been in the business since 2003 with a MAJOR wire house and I currently focus the majority of my time in Syndicate offerings. My group takes part in Equity Syndicate (IPO’s & Secondary’s) as well as the Fixed Income Syndicate calendar. I am...
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Bridgewater Non-Finance Exit OppsUndergrad with the opportunity to work at Bridgewater and no idea what I want to do long-term. I know that if you go into consulting (MBB) you can come out with exit opps far beyond consulting/corporate dev (think government, NGO, research, think tank positions, masters degrees, start-up opportuniti...
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London - Best Recruiters for Hedge Funds Hi, Would be great to get a post going with all the best recruiters for the hedge fund industry in London. Who do you think are the strongest? Kind regards, Aksel Levi...
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FCF consensus on BBBloomi keeps getting worse over the years... How do you guys derive consensus UFCF / EFCF? Cannot be bothered to go into analyst models and do it manually. FCF consensus on BB seems to mix UFCF and EFCF. Any suggestions?...
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Investment Idea: Shorting DINIhop recently became Ihob because they're unbelievably dumb. I say short the parent company DIN because Ihop is going down the drain!...
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AllianceBernstein - Review - Equity ResearchExtremely smart portfolio managers who bring decades of experience in hedge fund space. Excellent culture where PM's and analysts are collaborative and often work together, which is rarely found in the multi-strategy hedge fund space.. AB as a whole doesn't operate as effectively and efficiently as ...

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