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Advice on HF Recruiting

floppity

I figured that I'd give back/pay it forward in one form or another after being in the industry for a while. Frankly, the most relevant thing I could think of was advice on people searching for new opportunities. My advice is more tailored towards fundamental investing hedge fund recruiting...

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I work in event driven / arbitrage. Here are some career advice for you

halfstep

It’s been a while since I’ve visited <abbr title="Wall Street Oasis">WSO</abbr>. Yet in my early 20s, this was the place that I would often come to for information and guidance. In the spirit of giving back, I’ll share my story and a few nuggets of wisdom that I...

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AMA: Hedge Fund Analyst Out of Undergrad

hedge fund baby

Background: Target school, studied engineering. Summered at a multi-billion $ hedge fund doing fundamentals l/s and currently at another multi-billion $ hedge fund full-time. Willing to answer anything that does not have to do with my personal past experiences (to preserve anonymity).

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Modelling Help - Balance Sheet Issues

mjl78

Hello, I have a discrepancy in my model ; balance sheet wont balance by an amount in explicit years. ...

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Calculus and Quant HFs

Ivan Boesky

Hi WSO! Uni student here interested in the level of math applied at some quant strategy hedge funds. I was wondering if any quant analysts here can give some insight on how advanced the level of calculus is at your fund and how important it is to know advanced calculus on the job. I am asking becaus...

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Starting Hedge Fund / Investment Company etc.

AWallStreetGuy

Hello , I was looking to start something like a hedge fund , but not a hedge fund because the costs to do so are quite high. Initially I am able to raise 300k -1M so hedge fund probably isn't the best way to do it. Is there a way we can go about this through an LLC or something of that nature? We wa...

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Hedge Fund Documents

kk405

I am planning on starting a new fund sometime in 2019. The seed capital will be minimal, but I have access to very meaningful sources of capital (friends, associates, etc.) after I start the fund (probably 6-12 months after). This will be a L/S Tech fund, an area that I have been very successful as ...

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Finance Career: Current Events and the Market

DiamondsDancing

Hi All, Quick background - first year analyst in a coverage group at a top MM IB firm. I have had a great experience but starting to think about the next step, especially as recruiting season is already ramping up. My question - what career paths are heavily geared toward current events, internatio...

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Credit Trading or Credit Research

ElliotWaveSurfer

Hey Guys, First off, I just want to say thanks in advance for answering these questions. I've been coming to this site for two years now and the help I've received has been incredible. I don't know where I'd be without you guys. To the topic at hand, I've heard from a lot of people (buyside, sell...

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Portfolio Manager Compensation / Comp Structure

MidtownParkAve

My shop has various strategies, including long-only, special sit and L/S, all centered largely around credit. I am a senior analyst who spends my time across strategies. There are paths for me to take on a PM role in the long-only credit or special sit groups, but I view these opportunities to be ...

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Operational Risk Analyst

MinjayMinge

Wondering if someone a bit more knowledgable of hedgefund infrastructure can offer a little insight on an operational risk role. I've worked in Finance at a BB for a few years and have an interview at a top hedge fund. I'm worried I might be too caught up in the notoriety of the hedge fund, thereb...

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Top mezzanine credit fund -> career opportunitities

infograb1111

Curious about what people believe are the exit opportunities from a two year associate position at a top Mezzanine fund (think Oaktree/Crescent/GS). Equity-like investing analysis oriented vs bare bones lending Specificaly thinking about an opportunistic credit job afterwards (my ultimate goal) but...

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Dragoneer / IGSB

FinanceJunky

Do any of you guys in the HF industry know anything about Dragoneer / Investment Group of Santa Barbara (IGSB)? Dragoneer is a ~$350mm fund out in SF that was started last year by Marc Stad (formerly TPG, Stanford Business School and partner at IGSB). They have 5-year locked-up capital, long-only an...

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Does Anyone Know How Ken Griffin Did It?

Ivan Boesky

Hi WSO, I'm wondering if anyone on here knows how Ken Griffin managed to learn to trade convertible arb strategies while at the same time getting a degree from Harvard. Was he a top student at Harvard? Did he miss class to trade? I am a bit surprised how he managed to be a successful trader while be...

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DE Shaw - Which group to choose?

nasjnj

Summer Analyst Position at DE Shaw. Option of choosing out of 4 groups - which to choose? Could you give me backgrounds on each division and what they do - lifestyle, work, salary, exit opps, etc. - Long-Short Equity - Credit Opportunities - Special Situations Arbitrage - Asset-Backed Securities...

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Co-operative learning initiative

Yellowcake1

I'm an undergrad interested in trading and taking an auto-didactic approach to learning the required knowledge. What I propose is similar to a book club, have a weekly topic, such as researching different regions (Middle East, Russia, Asia), investment products, quant-based skills - data analysis an...

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Physical Commodities Trading to HF Lateral? Is it possible?

argtexas

I've made two or three posts to the tune of this over the past few months, so I want to apologize in advance to anyone who might recognize it. The decision I'm weighing now is whether to accept a Trader Development Program offer for a top 3 private commodities trade shop (Vitol, Glencore, Trafigur...

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Experience as non finance pre MBA/Masters to IB Analyst/Associate to HF?

abuddingmonkey

I'm a fairly recent engineering grad aiming to eventually work for a hedge fund. I have two options, pursue a MS Finance or MBA. I understand that through the MS, I'm able to move into IB as an Analyst, giving me a chance to develop strong modeling skills and be in the HH pool for HF recruiting. Alt...

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Hedge Fund Stock Pitch Format

MikeHawk

When pitching a stock during a hedge fund interview/sending a pitch to an employee of a fund, is it standard practice to format it like an ER report, or is there a different standard (perhaps PPT-style and less wordy, like a school stock pitch). Also, what is the typical length. Sorry if this is a d...

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Anyone heard of ART Advisors

clif_bar

They are sizable, ~$4bn AUM but small headcount-wise (~30 people). Keeping a very low profile as they don't have a website. Does anyone know anything and can share? ...

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Learning a Language vs. Learning to Code vs. Reading

MikeHawk

Strange question, but I've found myself with quite a bit of spare time recently and want some input on how to best spend it. Also, some may say just follow the markets/prep for buyside recruiting, and these options are for things to do in addition to that, rather than in spite of that. My options, a...

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D.E. Shaw Fundamental Research group

MonkeyBeesWax

Hey guys, I was wondering if anyone have some insights into D.E. Shaw Group's Fundamental Research program. How difficult is it to break into straight from undergrad? Is anyone familiar with the role? The posting on their website says: "Research analysts are vital to the firm's fundamental investin...

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Brevan Howard London / Moore / Caxton

ForTheDream

Hey guys, currently trading a macro product at a top US Investment Bank (GS/JP/MS). For background, this product has become super illiquid, so there are only a few active clients but literally no macro hedge fund. I was looking at a few Macro HFs like Brevan / Moore / Caxton / BlueCrest - they don'...

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What Separates Good PMs From the Great PMs?

GingerGuy

What traits differentiate the great PMs above all? Off the bat I'm thinking: smart, objective, and disciplined. What other characteristics define a great PM?...

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Point72 Full-Time Analyst

Siiiu_golaso

Dear fellows- i am a college senior and have an interview (with HR) on monday for Investment Analyst / Research Analyst position. Anyone have insight into the process?...

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What do you like the most of working in HF?

Breedget

Hi everyone, I am going to have an interview with a hedge fund research and advisory firm and I'd like to have an insight from those of you who already work in this field. What do you believe are the best things about working in this industry? I am especially interested in relatively small HF firms,...

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Point72 Case Competition 2018

anonymousperson123

Has anyone participating in Point72's 2018 case competition heard back from them? They mentioned they would email us by tonight but our team hasn't received any notifications yet. ...

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Looking for career advice breaking in

umirinbroh

I recently graduated from a Top 50 public university with degrees in Economics and Math. Background is heavily quantitative, including extensive research experience and significant coursework in econometrics. Programming skills are decent. After graduation I took what savings I have and moved to NY...

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Any decent financials sector investing blogs?

TheCityBoy

Looking for investing blogs / sites / commentary on the financials sector (banks, insurers, asset managers, div financials etc). I am starting to cover this sector and would be nice to check out some posts each day to get other people's take. Thanks in advance...

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Best Undergrad Major for HF

Ivan Boesky

Hi WSO! I am at a top 5 engineering/stem school and decided against studying finance. I am currently a statistics major but was considering switching. For anyone in the industry, which majors out of these would be looked at most favorably in your opinion? CS + Economics, Econometrics or Statistics. ...

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Hedge fund summer intern

suppgamestrong

Thanks to everybody for your responses. I've edited/taken down the info from the post because I learned what I wanted to learn about this kind of opportunity....

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Quant vs Rule Trading Pitch

nikolicage

Over the last year I have developed a trading method. System utilizes an Excel sheet which signals Buy/Sell using historical data. Trades are still being made manually after the signal. Is this technically discretionary trading as trades are still done manually or could this still be considered a q...

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HF career advice

Throwawaaaaay

Hi all, Hope your week is going well. I’m a current member on WSO, but made this throwaway for anonymity. As a quick summary, I hail from a non-traditional background (think natural sciences). After some time, I was able to progress into a role at a special situations hedge fund (sub $50mm). As...

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YTM spread in Bloomberg terminal

Aleksandr-Sm

Hey! Can you please help me with following question? How to find weighted average YTM spread between corporate and goverment Eurobonds (for the same currency and country) in Bloomberg terminal? Thank you!...

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List of Opportunistic Value Funds

Rando Randerson

Certain hedge funds are truly opportunistic, asset-class and geography agnostic, concentrated, and usually value-oriented. These are truly flexible funds able to invest in public equities (actively or passively), distressed debt, structured credit, and private assets (RE, venture, etc.). They tend t...

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How realistic is making $500,000 a year working for a hedge fund?

sartoris

Not right away of course, but maybe 5+ years down the road. Just wondering what the normal range of salaries+bonus is? Thanks. ...

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To PMs and Junior PMs: MM vs SM path

sa-jue

Have a question to PMs in equities: am considering an established value MM vs an established SM. MM total comp lower initially, but stronger curve in the long-term if the performance is strong obviously. It is not the typical trading platform with tight risk limits. All PMs follow a value-based str...

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Targeted Master's for Top Quant Funds

StatisticallySignficant

Hi everyone, I'm currently researching graduate programs with the intent to land a role with a quantitative fund post-grad. My main targets are places like D.E. Shaw, AQR, Two Sigma, etc. My undergrad was in finance and accountancy from a non-target school. Additionally, I've had 3 years of exper...

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Taconic Capital

IRON AZN MAN

Can anyone speak to the work experiences and culture at Taconic? Or have any friends that work there?...

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Sending example pitches to funds & recruiters

90001

I've been working in investment research for a few years now and I'm currently looking to switch firms. Given how challenging it can be to stand out in networking and in applications (and even communications with recruiters) would you ever consider including relevant pitches in introduction network...

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Tourbillon Closure

Hank Hill

https://www.bloomberg.com/news/articles/2018-10-08/tourbillon-hedge-fund-to-return-1-billion-in-latest-closure Another large fund closure. Had a friend work at Tourbillon for his sophomore summer actually, but he wasn't keen on going back and instead opted for an EB for SA. Perhaps he knew what was...

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Distressed Debt Recruiting from BB IB

RIng14

Can someone explain the recruiting process to exit from a BB IB to a Distressed Debt hedge fund? I heard recruiting starts this December for the 2018 analyst class. Is this true? Should I wait for recruiters to reach out to me or should I reach out to them? What are the headhunting firms that recrui...

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RWC Partners info.

The pay is the last thing that crossed my mind

Does anyone have info on RWC Partners, in particular with regards to prestige, compensation etc.? Had a look here on WSO but couldn't find anything. Asking because I'm interested in their summer internship. Any help on this would be much appreciated. ...

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Frostgate LLC

sailingbill

Anyone heard of Frostgate LLC / have any information on the firm? Saw them online and was curious if anyone had any information...

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Understanding PE/HF 101

smoc55

Hello All, I'm new to financial recruiting and looking for a 2nd in command to a CEO at a HF. What would a HF CEO be looking for in the best candidate? Can someone please advise? Thanks! ...

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Highland Capital Management in Dallas?

Tweeter

There isn't much info. about them on here. Curious if anyone has a first or second hand opinion of the HQ in Dallas?...

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Do you know this firm?

ca_zeus

Anyone familiar with the firm Gerstein Fisher? They are AM/investment advisory (link below) with a lot of research on their website. But reviews on Glassdoor do not look impressive (take it with a grain of salt) and so I'm wondering if anyone is familiar with them (reputation, etc). https://gerste...

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$1mm+ and $10mm+ bonuses at hedge funds (junior analysts)

Hatifich84

Sometimes you hear about ridiculous payouts of $1mm+ to certain hedge fund analysts very earlier on their career (mid 20s, after 2 years of banking or 2+2) because the stars aligned in that the fund was large and had strong returns for the year and the analyst contributed a material amount to the P&...

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Who are the best hedge fund managers?

Making Gravy

Message pretty much sums it up. Who are the best hedge fund managers? And if I want to start doing my own research, how do you recommend figuring out who the best hedge fund managers are? Seems a bit opaque. Thank you....

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Economic Consulting to Hedge Fund Post MBA

wolframhead

I'm a senior at a lower top ten public university with a BA in Economics. This summer, I interned at a long-only equities AM firm. Now I'm back in school, and have interviews coming up this week with two top tier economic consulting firms (think Cornerstone, NERA, Analysis Group, Brattle, Bates Whit...

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Apollo Credit

soccermaniac1390

Fellow Monkeys, I am trying to get greater perspective on Apollo Credit and was hoping to hear from those who are more familiar with the firm. My basic understanding is that the Credit group is divided into a few sub-groups including: 1) Performing Credit - Seemingly focused on Asset Management 2)...

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I've been at a fund for 2 months and hate it. please advise

rinse and repeat

so i recently took a job at a very well known l/s value hf as a junior analyst. the fund is long-term focused but BC of the pm i work under i find myself blowing through ideas so fast without doing any deep analysis on them. in 2 months ive already screened 14 ideas...aka almost 2 per week. and by s...

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What schools have the largest AUM student managed funds?

GibbonAwayNow

I've been unable to find a comprehensive list of student managed funds at both the undergraduate and MBA level. Would anyone here happen to know which schools have funds >$1 million?...

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Eagle Capital Management

ixjunitxi

Anyone have any info on this fund. In terms of reputation, track record, caliber of investment professionals. The fund apparently manages 12.5billion equity portfolio and have been around for over 20years, yet I have never heard anything about them. Is this strange or is it just me? Even when you...

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Best Route to HF?

fighton22

I'm a freshman in college who got bit by the HF bug after stumbling across and watching too many Ackman interviews. I know unequivocally that I want to work at a HF. Reading about the markets all day and actually investing is a dream job. I'm just as certain that I don't really want to work in ib a...

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D.E. Shaw: Background and Reference Check = Good sign?

Rosenbaum and Pearl

Hey guys, Longtime lurker here. I've recently had a superday with D.E. Shaw and was asked soon after to provide references and agree to a background check. Does anyone here with experience with D.E. Shaw's background check process know if this is a good sign/potential offer? Or does D.E. Shaw happe...

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D. E. Shaw Generalist Intern Final Round

Krescendi

Context: Junior, top LAC (semi-target??), political science major Had a phone interview for the generalist position 2 weeks ago and got a call back for on site interviews next week. Any idea what kind of questions to expect? My first round was basically just a walk through of my resume, and I made ...

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reaching out to HH with 5y in the job, looking for small HF

Mortimer111

Currently stuck in a equity sell side role. Feel like I've got something to add to an investment team, and its what I've always wanted to do from the start anyways. I'd be interested to see what's out there in terms of smaller start up hedge funds, and like the idea of less institutional, with what ...

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How much do hedge funds sell for?

ratman2050

Coming from the startup world where exit strategies are the norm, I am curious, what are the exit strategies for hedge funds? What type of valuation is given (other than AUM) to a smaller hedge fund or prop shop that wants to be acquired by a big bank or another large hedge fund?...

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Unsure how to answer this basic biz dev question:

Capital Returns

I was asked this question the other week and while I'm sure it's a typical cookie-cutter question, I couldn't think of a great response on the spot. *"If you were hired, what would be the most difficult part for you in regard to integrating with the the team?"* Obviously want to be honest but at t...

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Bridgwater Investment Engineer Role

quanty-monkey

Bridgewater Associates has a role called Investment engineer. I was unclear about their tasks and impact. Also, what do you do if you're fired from that role? ...

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Investment Thesis Template

Ivan Boesky

Does anyone have a good investment idea template for word? If you do feel free to email it to [email protected] or comment here and I'll shoot you a DM. I would truly appreciate help on this as I feel like my templates look a bit messy. ...

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