Silver BananaTopicReplies
+2
Reneging FT Return OfferHi WSO community, here is the situation. I interned at and received a return offer from company A in NYC (a large well known hf) this past summer in a MO/pseudo FO role. I have a great reputation with them, but hated the work I was doing and was looking for a way out. They initially gave me 2 months...
3
+1
Performance Leg of a Total Return SwapHi guys, I'm just trying to understand the performance leg of a Total Return swap. Pls share ur thoughts....
2
+1
Opportunities in Middle Market - CLOsCurrently I am working in the middle office operations for a CLO shop focused in Broadly Syndicated Loans. If there was an opportunity for switching to a Middle Market CLO shop in a similar role, what are the pros and cons of such a switch? I appreciate your comments/advice/help/feedback. Thank you....
1
+4
Math or Engineering Undergrad for a Quant?Hey everyone, Trying to decide where to apply for undergrad right now. I really like STEM (especially math and chem), so that's why I was reading up a bit about quant jobs on Wall Street. Obviously I know it's pretty unlikely to land a quant job right out of undergrad, but I'd like some advice & ...
15
0
Weiss Asset Management - Interview - N/AIf you look at a clock and the time is 3:15, what is the angle between the hour and the minute hands? I was caught off guard but then realized that this is a simple question. I made a mental picture of an analog clock in my head, and divided 360 by 12 to get the amount of degrees between each of t...
+1
Sector CoverageHi, I've finally managed to make way into a hedge fund (L/S equity, value-driven), and at this point am still a generalist (training and learning the ropes). The Head of Research is waiting for me to let him know what sectors I'd like to focus on. If you could become an expert in a particular sector...
1
0
Two Sigma Investments - Interview - Quantitative ResearchEmployer continuously pressed on reasoning and logic behind decision making. For phone screener, the interviewer continuously drilled down, asking to elucidate why decisions were being made/what trade-offs were being considered etc. In discussion, interviewers frequently followed responses with "w...
0
AQR Capital Management - Review - MacroSmart people; interesting projects; laid-back culture; high-quality research; stable outlook; stellar reputation on the street. Exponential growth in the last few years has led to some bureaucracy, although not the worst I've seen...
0
+1
Hedge Fund Spring Weeks?Do any hedge funds in London offer spring weeks? I've done quite a bit of research and most firms either don't have an internship program at all or only offer SA positions. There are also some that say something on the lines of "we prefer 2nd year students, but you're welcome to try and apply for t...
1
0
Two Sigma Investments - Interview - SoftwareThe hackerrank questions that were given in the code test were of medium difficulty level. You have to be prepared before attempting these. The friend circles problem was supposed to be done with best complexity solution which beats around 90% solutions on leetcode. Other problem which was the longe...
+1
Book about US and European macro history Looking for a good summary on the state of the US and European economy and macroeconomy in the last 100 years. Something that lays out why inflation, rates, growth, equity/credit markets etc were what they were at points in time. Can be any resource that lays out the key developments over time. Tha...
2
0
D.E. Shaw - Interview - Prop TradingAsked to pitch a trade opportunity based on quantitative strategies, also a question on expected values of a dice throw, then with option to take second throw, fairly standard. Asked how to price an option, unsure on level of detail expected/required. What is the 'best' company, unclear how to defin...
+3
Can a Civil Engineering undergraduate work at a Hedge Fund?I am going to study Civil Engineering at one of the top universities in my country, but the job I’d really like to do is in Finance. The reasons why I’m studying Civil Engineering are 1. There are no Finance programs in my country, only Business Administration and Economics. 2. I’d like to pl...
7
+13
AMA: Joined a top Hedge Fund out of undergradHey guys, Just made a new account - been primarily a lurker on these forums on my other account. WSO has been super useful to me, so I wanted to give back. There is a growing trend of buy-side jobs recruiting straight from undergrad, so I thought this post may be useful to the community. I'm a non...
71
0
Jane Street Capital - Interview - TradingSince I just got the first round skill test and not further steps, I am not quite sure what unexpected interview questions will be asked. But the skill test is all about basic excel skills like vlookup. And the question is about financial knowledge which is haircut. It is good if you have relative k...
+1
Has anyone heard back from AQR Summer Research Analyst recruiting?Submitted an application a while ago and contacted recruiters. Don't know what their timeline is like....
2
+4
Bulge Brackets and Hedge FundsHi everyone, I just started working as a trader in the S&T deparment of a BB. What I really want to do, though, is working in HFs. Given the changes the banking industry has gone through after the financial crisis, do you think it still make sense to do an experience in S&T (2-5 years) before tryi...
6
+1
Engineering to Banking?Hi everyone, im new to this forum! So, im studying Mechanical Engineering and i found out that engineering is not for me. Im in the third year atm. My main question is: Can an engineering graduate work for an investment bank or a hedge fund? Should i do an MBA or it wont help either? Thank you in a...
2
+1
Variant perspective in (value) investing for the long termHi guys, I work for a small, long-only fund in Asia with "value investing" as its investment philosophy. This is my third year working as an investment analyst (a generalist with no particular sector for coverage). Unlike many HFs in the US or elsewhere where an analyst is required to pitch her ide...
1
+1
Transferring decisionsHey all, So I was admitted as a transfer student to the University of Michigan and the University of Virginia, and I'm incredibly torn as to which one to go to. I realize that there are a lot of factors to consider in this process, but I've identified and elaborated on some of the highlights below....
9
0
Your favorite investing podcastsWhat investing podcasts are you guys listening to? The latest I listened to was The investors podcast and I don’t recommend it (opinion based, high level, barely any facts, no sophisticated investing knowledge IMO). Keen to hear what you follow these days. ...
3
+5
Will financial analysts ever go extinct? Wondering what is WSO's take on the coming automation of financial analysis. Will markets ever get so efficient from the algos that CFA's and research associates won't be needed? ...
10
0
Dimensional Fund Advisors - Interview - GeneralistNothing out the realm. Know their market hypothesis, their investment approach, be able to explain that to clients. From there, it was really conversational and fit based. You just need to be outgoing, someone they want to work with. Lot of resume-specific questions, which they just use to gauge you...
+1
Boston meet-upI will be in Boston beginning of Dec. Looking to meet up with fundamental equity investors in town. PM me if you are around....
1
+1
Fundamental equity investors LondonCurious to hear what fundamental equity investors are based in London. I am referring to Baupost and the likes and not the shops that flip quarterly earnings such as Citadel, Millennium etc. Can include start-ups as well. Thanks guys...
4
+1
How to find listing of all Hedge Funds in an area (preferably by AUM)?Does anyone know if there's any way to round up all the hedge funds I'm supposed to be chasing in order to cold email my way to a (hopeful) internship this coming summer? I feel bad just googling like the top 10. Also, thoughts on using my school's alumni database? Or should I use their company emai...
1
+1
If there is such thing at all, what are...Hi everyone, If there is such thing at all, what are one-two online forums that are considered the best - expert level or close to it - by traders of hedge funds and investment banks to discuss advanced questions of stock trading? Thanks....
2
+1
List of energy or commodity funds Does any one have a list of funds and email contacts of energy or commodity funds? If so, could you please share? Thanks very much....
1
0
Hedge Fund In House InterviewHave an in-house interview coming up with a credit fund in which I will get 3 hours to complete a case study. Any of you all have advice on how to go about building a model for something of this nature? While 3 hours is quite a bit of time, I imagine it could go pretty quickly if you need to get to...
1
+1
Public speaking / confidence seminar - Dale Carnegie 2.0Hi, I am looking for a valuable public speaking / confidence seminar a la Dale Carnegie that Warren Buffett attended. Anything you can recommend in Europe? I have to improve my skill when it comes to presenting investment ideas....
1
0
+4
Quant jobs in Hedge Funds: Differences between companies?Hi all, I am considering a move towards quantitative finance from a PhD in theoretical physics from a top university, and would love some insights into the differences between various companies. My first hand knowledge is very limited, and so I am particularly interested in what people in the field...
8
0
+3
Best UPENN clubs to join for buyside?if I want to learn investing what are the best student groups for me to join at UPENN? I'm on the WTIG development team right now and I'm curious if anyone has tips for what team to join next semester or if I should just WUFC (I have friends on it) or something else. Thanks!!...
14
0
Is a math physics double major a good bet into Wall Street?Hi! First of all I want to say I know that the major doesn’t make the job, but it’s obvius that some majors are seen better than others... so I want to make sure I study a good one for being recruited without problems (to contextualise: what I want to do is investment banking and then make the t...
2
0
Point72 - Interview - Investment Research52 * 48, revenue build for grub hub (project took about twelve to fourteen hours to complete) coupled with recommendation as to whether or not it was a good investment idea, what are you most involved with on campus (when I went through everything they kept asking for more), what is deferred revenue...
0
freshman with alot of anxiety over career prospects, please helpaaaaaaaaaaaasdjdkdjdjsdjdjdjdjdjdjdjjdjdjddjdjjdjdjdjdjdjdjdhdbebdhsjbsdbjdjexjjdbebxhdhxvwbjshxbebxbeb...
4
0
Starting a small fundHello all, as a person who is almost 18, myself and some friends have been discussing investing some money when we turn 18. My question for you all is -best sites to start our fund? -should we compile our money, or trade by ourselves - eventually expanding our money to help others What we hope to ga...
4
0
0
Bridgewater - Interview - GeneralistTell me about a time where you made a mistake and how did you fix it?   How did you resolve a work-related conflict? How did you handle confrontation from a supervisor? What is your greatest weakness and how are you resolving it? What is your greatest strength? What is your greatest ...
0
0
Citadel Investment Group - Interview - Quantitative ResearchInterview questions covered a wide variety of ML concepts and theory. Delving into various forms of regularization and why these were necessary (various pros and cons) as well as touching on different techniques for exploring how to tune hyperparameters in ML models. Some stats questions were includ...
0
Citadel Investment Group - Interview - TradingSince it is a technical interview, I am expecting some brain teasers/statistics/math problems. The interviewer introduces himself and jumped right into the brain teasers. The brain teasers are statistics based and you are asked to calculate some expectations. After the first one, there is a follow-u...
0
Bridgewater, the world's largest hedge fund, is possibly a fraud [according to Jim Grant]Keep in mind, James Grant is a highly respected financial writer, and Columbia alumnus. He predicted the collapse of Lehman, and correctly forecasted many other calamities. I had a similar "gut feeling" about Bridgewater, the details of which I will not elaborate on. Suffice to say, if you follo...
14
0
Citadel Investment Group - Review - GeneralistFree Food Private Health Insurance/Dental Plan Gym Membership Cycle to Work Scheme Pension Plan Contributions . While I enjoy it, I think that the aggressive culture (you HAVE TO perform every day) and related high turnover isn't for everyone. A pure meritocracy, you need thick skin for it....
0
0
Start Up Hedge Fund London Based I am looking to start up a hedge fund or a managed account structure based in London (management). I have a few friends and acquaintances that want to give me money to manage on their behalf. What are my costs? anyone know any methods or structures that wont cost a lot as the start up AUM wouldn't b...
8
0
Small Hedge Fund vs. Prop Trading****************************************************************************************************...
6
+2
Moving from Fund of Funds to Hedge fundHow possible is it to move from a fund of funds after a year or two to a hedge fund? I know obviously IB/ER are the ideal paths, maybe PE as well. But is it possible to move from FoF to a hedge fund with good networking? And I'm not talking about $10B dollar funds. More in the range of $300MM-$2B...
36
+1
Do people move often from post-MBA ER to HF?Hey guys, so I know ER to HF is very common, especially at the undergraduate level and onwards. How about if you get recruiting to an ER shop post-MBA? Is it common for a senior associate at an ER shop to move to a hedge fund after a year or two? And any insights on how this process happens? Is it j...
1
+2
Millennium Management - Equity TeamsHey guys, Does anyone have information on Millennium Management's Equity teams? Whether it's their role, culture, ideal candidates, anything would be useful Im guessing they are some kind of long equity fund but not entirely sure Thanks ...
5
0
Advice on Hedge fundsHello all, as someone who is under 18, and extremely fascinated by HF, I was wondering wether anyone can give myself any information, and adivce on HF's. For example: - What should I major in, in college - What's the best way to stand out - Technicals? Acquiring an isda - what should I do for myself...
2
+1
Need help choosing a PE offer that will help me get to equity L/S in the futureHey guys, I have an interesting situation at hand. I have always been most interested in doing bottom-up fundamental research at an equity l/s fund. But as luck would have it, I am currently deciding between two private equity offers. Both seem to be 'growth equity' funds. Pay is similar so won't be...
1
+1
HF manager looking to speak to current or recent CBS value investing alumniHi, I work at a large US fund in equities and look to connect with current or recent CBS value investing alumni. Pls send me a PM. I am happy to give advice on the industry and job....
4
+1
How many stocks?Hi Guys, Those of you who work at HFs , how many stocks do you cover ? I mean how many stocks do you actively maintain models on, follow during earnings etc and know the story pretty well ? I am looking to make a switch from the sell-side to a HF, and I want to understand how the workload changes ...
8
+1
For case studies, better to build on top of sell side model or build my own model from scratch?Hey guys, interviewing at a HF and I have a take home case study on a stock which I have the weekend to do. As part of my deliverable, I have to include a model. I was wondering what your thoughts are on 1) using a detailed sell side model, deleting certain non-essential parts and tweaking the assu...
3
0
Citadel Investment Group - Review - Quantitative ResearchGood benefits including insurance,food and others. Good compensation. Daily interaction with talented people in the team.. Long working hours. Big teams. Huge responsibilities. Some times lack close guidance because everybody is so busy in their work....
0
0
Question about Cornell Operations Research & Engineering?Hey monkeys, Considering applying to Cornell, was interested in a major in their undergrad engineering school called "Operations Research & Engineering". For ppl familiar with O/R or Cornell: Is this major practical/versatile? I'm thinking I'll go into either finance or tech, and this major seems ...
1
0
Squarepoint Capital - Interview - Equity Capital MarketsThe question is to do programming. The question set up is having 2 large files with some numbers, and find the common number in those 2 files. So I actually used some sorting to do it. Then goes to if the file is too large, what to do. What if you can not store them in one machine, or use some distr...
+1
Serious Trading Talk. Here to learn and Meet new People. Would like to keep this chat confined to Derivatives Trading. We can talk about futures, options, and all products. ...
2
+13
What background do most hedge fund managers have?What do you guys think the most common background is among most hedge fund managers? (i.e started as traders, analyst, quants etc.)...
58
+8
Value Investors wanted (in Paris)**Value Investing Club – membership offering** **You want to become a value investor and would like to join a group of like-minded individuals?** This may be the right place for you. We are 3 young professionals willing to enhance our investing skills in a group setting. We thought the best way...
6
+3
D.E. Shaw Internship or IBHi guys, I'm a junior from a target university with a solid resumé. I have a super this weekend with D.E. Shaw and then GS/MS/JP IB the following week. Also looking at a few other buy side shops and corporate roles. I'm not as interested in sell-side as all of my friends seem to be, but would be wi...
16
+1
Got a final round for an internship at a tech-based fund, worth accepting offer if graduating in 2 months with no other offers?Hey WSO. I'm currently a senior at a state school in the Bay Area and set to graduate in December. I've been hunting for some post-grad jobs with no luck so far. However, I did apply to a Bay Area-based L/S equity fund with a focus on tech through my school's career portal. Lo and behold, I passed t...
3
+2
Getting out of prop- macroCurious on responses. 10 years experience trading everything, but mostly yield curve. Also direction rates, snp, oil, gasoline, individual equities in personal account. I pretty much failed at interviews coming out of school along with having a resume with limits (engineering 3.4, top-20 school...
13
0
Bank J Safra Sarasin - Interview - Private BankingTell me about yourself? Why this company? Why Private Wealth Management? Biggest strength? Biggest Weaknesses? Time you missed a deadline? Recent developments in markets and recent deals? Time shown teamwork? How do you spend your time outside studying? What concerns do you have about starting work?...
+2
DRW Analyst? Hi, so I recently received a Quantitative Trading Analyst full-time offer from DRW. Because I'm not as familiar with trading compensation, can I ask what is the career progression of this role? The compensation was 110k base with 20k bonus - I was a little surprised since a lot of normal software ro...
4
+1
Impact of debt on stock priceHow does paying down debt impact a company's stock price? Obviously it reduces the perceived "riskiness" of the business so the earnings multiple could expand and it also increases EPS due to lower interest payments, so would it be correct to say that paying down debt ALWAYS leads to a higher stock ...
10
+2
End of Year Bonus I am a junior investment analyst at a small hedge fund (~50M AUM). I joined the fund since May after finishing my master in finance. My base is 60k plus 10-100% bonus according to the contract. The fund had a good year so far with 22% return. Any guess how much I would get for the end of year bonus?...
6
0
What will prepare me better for a career at a hedge fund, asset management or equity research at a bulge bracket bank?Does Asset Management or equity research provide more valuable/relevant experiance for a job at a hedge fund? Do hedge fund look for people with bulge bracket asset management experience?...
2
+1
How to find a mentor in the HF industryHi, have worked for a few years at a HF in London, but have never had a sort of mentor. My PM would not fall into this category for a variety of reasons I do not want to go into here. Do you guys have a mentor? If so, is he/she someone outside your shop? There is probably no defined way of findi...
2
0
CMBS Banking vs Structuring >> HF Between a CMBS banking role (i.e. interfacing with loan sellers, NRSROs, etc.. to bring a securitization to market) or a CMBS structuring role (i.e. modeling cash flows based on NRSRO levels and various b-buyer stipulations), which is better to ultimately make the move to a credit hedge fund? Seco...
2
+1
Separating asset management from BO, RM, legalAt the moment I'm not seriously considering starting my own fund, but just to plan (way) ahead, I'd appreciate some advice on this topic. Imagine for a moment that fund capital is not an issue. Say I know people who would trust me with $20 million to invest on their behalf. I'd be running a one man...
1
0
Jane Street Capital - Interview - Prime Brokerage-Suppose you roll two coins three times, with weights p1 and p2. The first coin lands on heads once and the second coin lands on heads two times. What is P(p1 > p2). -You roll a single dice at most 3 times and your reward is equal to the value of your final roll. You can stop early if you wish...
+1
Hair Bloom moderate the procedure**Hair Bloom** moderate the procedure of hair development. These variables could be things like less than stellar eating routine, drug, ailment, male pattern baldness e.t.c. Huge numbers of these reasons influence the development of the hair and obstruct...
1
0
Citadel Investment Group - Review - EquitiesLots of smart people (both in my group and other group), a good amount of collaboration and sharing of meetings (unlike some other multi-manager funds) with company mgmt, technology and risk management are unmatched in the industry, no expenses are spared (e.g. black car service to/from airport), pa...
0
+1
Computer Science Degrees From UIUC in FO? or only Quant? I'm curious if a computer science degree from the college of art and sciences at University of Illinois or NYU can get me into a position like a buy side analyst. I won't get into engineering and I don't see a long term value in a finance degree as I'm self taught. I'm thinking of pursuing a CS degr...
1
+2
How does the payouts of capital gains in hedge funds work if you are a investor?Let's say you have 5 clients in a hedge fund who invested the following capital: 1. 10 million 2. 20 million 3. 50 million 4. 100 million 5. 200 million Let's pretend that in this 380 million hedgefund that the fund gained 10% for the year. Let's ignore the entry and management fees for a moment ...
2
0
Citadel Investment Group - Interview - Quantitative ResearchHow to compute the convex set of a set of coordinates? Tell me about a time you made a software design decision. What was the problem and what was your reasoning? I tell you that I can determine what flavor of Skittles I am eating just by the taste. There are five possible flavors of Skittles, and ...
0
What is your news feed like?Hey everyone, I was wondering what your guys' daily news feed is like, what apps and social media platforms you use (if any), etc.? I'm trying to update mine, and I think many in the general community would want to learn more about the best channels for different types of information....
2
+1
Need help / Insight on Hedge FundA headhunter from a $13B Mult-Strat platform reached out to me for a senior analytical / reporting role. A portion (unknown %) of their assets are in "large portfolios" of MM / Small Biz Loans, which I currently cover. Other strats include Equity/ Cross asset vol, Factoring, and Reinsur. I have s...
1
0
Capula Investment Management - Interview - Quantitative Researchwrite a program to move inside a square spiral? i.e. Start at the upper left corner of the square and walk its edges clockwise. Just before re-approaching the upper left corner, spiral into the square instead, ultimately arriving at the center of the square. There are 10 red, 11 blue, 12 green cham...
0
Citadel Investment Group - Review - Prop TradingReally liked the work environment found it rather friendly and mentor/boss was extremely helpful to me as an intern. . Had to work long hours and the job did feel stressful at times because it's very performance driven. ...
0
+1
How is it like for a trader on a systematic hedge fund?I have been invited to an interview for a trader position on a hedge fund. This specific firm is only focussing on systematic and model based investments, in which I expect that the actual trading primarily is determined and executed via these systems and models. To this I have some mixed impressio...
1
+6
Would you work for a family office?3 years into my current gig at an equity L/S fund (started out of undergrad) that's getting hit with redemptions so I'm looking to get out ASAP. I am weighing a few options at the moment: (i) MM PE associate, 2 funds with total AUM 500MM-1B range. Good comp package offered and solid team but not mu...
24
+6
Point72 SA 2018 HirevueAnyone else get this/done this? Looks interesting, imo kind of a strangely worded essay question though....
32
+1
Have you ever changed your strategy in the HF industry? Need help plsLadies, gents, Been with a large HF for 3 years, but strategy is trading heavy and not necessarily based on fundamentals. I want to do a value-based strategy instead. Point is how to get there. Either I educate myself or I thought of even doing an MBA a la CBS (value investing programme in 2nd year...
3
0
Hair Bloom Hair Regrowth move the liquid**Hair Bloom Hair Regrowth** move the liquid through its body into the guts. Your infant will now have obvious toe nails and the hair on their scalp is creating and in a few children you will have the capacity to see eye temples also. Despite the fact that the...
1
+1
European hedge fund in the USCan an European hedge fund hire an American company (that has the appropriate license) to sell hedge funds to US investors locally? Or must the European fund obtain its own license?...
1
0
Point72 - Review - Investment ManagementGreat working environment, smart co-workers. Worked on very interesting investment projects that spanned multiple industries. . Could be a bit competitive at times. Constant feedback cycle that could be helpful to others but was personally very intense. ...
0
0
Bridgewater - Interview - ResearchYou won't know what question is going to be chosen for your debate, so just be prepared to be logical and frameworked no matter the question. For example, one question might be "Is technology ruining the world." So on the whole the interview questions are completely unexpected and can be difficult, ...
0
0
Point72 - Interview - ResearchWhat methods do you adopt when analyzing portfolio in your last internship? There is nothing too difficult to answer as they were just first two rounds of interviews. However, the interviewer do improvise their question based on your previous answer as a result it would be pretty hard for you to fo...
0
Bain Capital - Review - InvestmentsThe people are really friendly and smart. You can ask questions and it's a great learning environment.. There can be a sense of artificiality in the office, and placement is pretty much out of your control since the hiring is for generalist programs and they don't seem to take personal preference in...
0

Pages