Silver BananaTopicReplies
-
+3
Hedge Funds - the Australian POV (uni student)

AussieChimp

Hi WSO and thanks for taking the time for reading my first post. There aren't too many posts on here about Australians looking for HF careers and it's no surprise. In my city the scene for HFs is close to nonexistent and there is virtually no word of them at all at universities around here or in my...

7
+1
networking follow up with analyst at top fund

ffffml

apologies this might be a stupid question, but just to give a background: junior in college. I had an informational with a guy at a top fund last month. The call went really well. He even asked me if I had some idea in mind. I told him about this short I was working on at that time - he seemed inter...

10
-
-
+1
Canada Non-Equity HFs

IveyKid

Looking for names of non-equities hedge funds in Canada. Specifically looking for global macro and commodities Hard to find information about HF industry in Canada, probably because it is small, but would be very grateful for any color. Thanks guys...

1
+1
Modeling courses for HF?

patoloso

Hi, I've been looking around and haven't seen modeling training courses for HF or AM, they all are for IBD. Does anybody know any courses for HF/AM? or should I take those IBD training courses (Wallstreetprep, BIWsS, TTS...) Thank you,...

1
+1
Info Request: Select Equity Group Interview Process

Firebreaker7

Wondering if anyone can give any color on Select Equity Group? What's the typical pay like for an entry analyst? How long is the interview process? Thank you!...

1
+1
Risk Per Trade in Macro Investing

REDebt

I have read a few books (and online resources) on macro investing but I still don't have a good grasp on the concept of risk per trade. Could you help me understanding it please? (below are a few thoughts I have on this). I find the consensus advice from the legends and pros is that that traders s...

4
-
-
+3
Asset Base Lending

juniorfinancier

Anyone here who does Asset Based Lending? Is this a good field to get into now? Do any HF and PE shops look for people with this skillset. How does ABL at a bank stack up to LevFin in terms of exit opps and skillset?...

15
+1
Ruane, Cunniff and Golfarb Rep/Comp

jj12558

Thoughts on Ruane, Cunniff and Golfarb for an internship and full time analyst position? Their investor day shows they invest through the main Sequoia fund in addition to 2 other hedge funds. Wondering what the reputation of this firm is like, especially after Valeant. Since they only charge a 1% mg...

3
+1
Gamco vs other value shops - plus culture/comp

sa-jue

There are a number of quality value shops in the equities space out there. How does Gamco compare with the usual suspects in terms of culture / comp / exit options? Appreciate any 1st hand insight. Thanks ...

1
-
0
Modeling in HF vs IB?

patoloso

Hi friends, Is there any difference in Excel modeling between HF and IB? My guess would be that HF is more towards the 3-statements model and DCF and comparables while IB builds M&A models, LBO, etc... What are your thoughts? Thank you...

2
+1
Fundamental groups within platforms?

sa-jue

To fellow investors: do any of the platforms and MMs have fundamental equities groups? In other words, not the usual 1-2 quarters flipping with leverage. Having in mind: Citadel, Millenium, Balysasny, P72, Marshall Wace. Would also be interested if any of the fundamental teams are generalists. ...

3
-
-
+1
Advice needed about obtaining an internship or analyst position at a quant fund

farkas-g

Hi guys, I really need a professional advice about my career options. I currently posses a 2.1 BSc Mathematics from an average not too good university in the UK. Furthermore I also pursued a MSc Statistics degree at Warwick university, however I made some mistakes with choosing modules, meaning tha...

1
+1
How do I raise money for a hedge fund?

BobbybananamA

Let's say I wanted to start a hedge fund in 5 years. What would I need to do now to make sure I know the right people to be able to successfully raise money for this? How am I supposed to meet these people? To me this sounds impossibly difficult, and I actually don't understand how I would ever mee...

2
-
0
Large hedge funds with few employees

joseclar1

Hello, I was looking at a hedge fund recently with fewer than 10 employees. It manages over 600m. It has grown a lot recently. So they may have some hiring. Are there examples of other large hedge funds with few people. What mostly contributes to the employee size? Is it certain strat or funds that...

4
-
-
+1
Lying About Passing CFA L2 on the First Try?

SlickRickStockPickLLC

So I was interviewing for a HF research role and the interviewer asked if I passed the all levels of the CFA on the first try. For whatever reason, I quickly answered yes, even though I failed L2 once. I immediately felt awful for the lie, but I held my composure like Nixon in the first half of the ...

2
+2
Most chill job available for someone with HF experience

endoftheroad

Former equity L/S HF guy here. Worked at a few multi-billion funds, both with sector specialist and generalist experience. Made my way up to the senior analyst level, and have a couple of monster PnL home runs to my name, but felt burned out and left last year. Been chilling and working on personal ...

2
-
0
Should HF managers pay for losses?

GingerGuy

I found[ this article ](https://outline.com/kRzzSC)from the Financial Times, talking about an alternative compensation structure for fund managers. It talks about how HF manager comp is "one-sided" in that, if the fund generates a profit, the PM gets a fat bonus, but if the fund loses money, the P...

5
-
+1
Hedge Fund (NYC) v. Boutique IB (SF)

nitzan

Have an offer from a top-ranked hedge fund in NYC and a boutique IB in SF for summer analyst 2019 (junior year internship). My dilemma mostly surrounds * **exit opportunities** - Not sure whether I want to close that off immediately. May want to exit to a corporate in healthcare or tech in the f...

1
+2
European HF Internship

Jome11

Hey everybody, i am looking for fundamental L/S equity hedge funds that offer internships in Europe (Zurich, London, Frankfurt). So far i have only come across Cevian Capital. Does anybody know other funds?...

7
+1
Best way to get to value fund

DJSolomon

Hello all, I am currently a rising junior at a nontarget in a flyover state. I have always been interested in value investing and would someday want to start my own. I'm lost on how to get there as I always thought IB would be the best way but as recruiting is finishing up and I don't have an offer,...

1
+1
D.E. Shaw Nexus/Latitude Fellowship

College

Did anybody else apply to the two day event in August? They said we we would hear back in late July, so just want to get this thread up....

2
+1
short stock pitch review

ffffml

hi, would anyone with experience in the industry be willing to review a short stock pitch? if yes, pm me your email and I'll send it to you. Don't want to put it out here because I'm planning to use it for upcoming interviews. It's a 1-2 page short on a chinese company I believe is a fraud and is h...

6
+1
Investment Pitch

nikolicage

Over the last 3 years I have developed a systematic L/S strategy that has continuously generated alpha and is ready to put into production at an institutional level. Strategy is both scalable and repeatable. It is a relative value strategy that also incorporates options to exploit small but more cer...

1
+1
Quantitative Algorithmic Trader Companies

laurenkparker

Does anyone know which hedge fund companies in Los Angeles hire Quantitative Algorithmic Traders? Also- is there an employment agency that can help?...

2
+1
Is the internship I'm doing relevant to HF?

vashdun

Doing a risk management internship at a big 4 right now, and quite frankly, I don't quite like it. Its a freshman internship thats a month short. I've always been interested in getting into HF, but I don't quite see how this internship I'm going through with would be relevant as I'm mostly doing hed...

1
-
-
-
+6
AMA: equities hedge fund Senior Analyst at large U.S. fund

sa-jue

Update: Thread closed as of 6 Aug, I won't be able to comment after that. Ladies / gents - thought of doing an AMA. I have worked in the hedge fund industry for 4 years in fundamental equities for a large multi-strat US hedge fund. Worked in banking before. Fire away any questions - usual disc...

40
+1
xlp capital

ffffml

has anyone heard of xlp capital? www.xlpcapital.com/ family office in nyc run by two princeton grads with a history at bcg. Talked to a few people who interned there and they all said that the internship program was great with a lot of focus from MDs, so definitely considering them. But wanted to s...

1
-
+1
Market Making subsidiary of a hedge fund - prop trader requirements

faceslappingcompilation

for a large macro hedge fund 20bln+ that has a separate (yet large) market making operation, what kind of numbers are they looking for in terms of a macro trading strategy / prop trader? Sharpe Ratio min P&L (% and $$) Balance sheet usage and turnover any insight would be appreciated...

1
+1
Seeking papers on multi-factor models on the equity long short hedge funds

rorror45

I am seeking papers that use regression & multi-factor models for equity long-short funds. I am interested in understanding the funds' behavior and exposure to various factors using some quantitative techniques such as regression. For example, I ran regression of financials equity long/short funds a...

3
0
Psychological / maths tests at funds

sa-jue

Question to fellow investors: I have the glorious task of finding an appropriate maths and psychological test for new joiners. What are you guys using at your fund (if anything) or have you ever taken one of these before? I never had to and am still not sure about the benefits (yet). Any recommendat...

1
+1
Career Paths For Successful Quants

tree123

I was wondering what the typical path is for highly successful quants (ones that are making upper 6 figures/into the millions). Obviously, I understand that everyone is different but I'm just looking for a general overview of the following: College/Major - Target schools are probably a given as wel...

1
0
hedge fund interview

ffffml

Hi, have two interviews coming up in a couple of weeks. Both are l/s equity funds, after the first interviews I'm pretty sure that they have a value oriented investment philosophy. I'm a math major interviewing for investment analyst internship positions at both the funds. Does anybody know what que...

1
+1
modelling sample exercises

ffffml

Hi, have interviews for internship coming up at two l/s equity funds later this month. Does anybody have any sample 3 statement modelling exercises they would be willing to share? thanks....

1
+1
Hedge Funds with a more intellectual culture

rosandguil

This is kind of a weird question, but has anyone given thought to which hedge funds have a more intellectual, start-up-like culture? My first thought was Two Sigma/Jane Street just based on what I've heard from people I've met there, but not sure if there are more names out there I'm not considering...

1
+5
How do you mentally deal with tough stretches of performance at HF?

Pizz

We're wading through some rough waters at work at my L/S equity fund, where one of our large positions has significantly dragged down our YTD performance (it was a joint effort, so no one to blame). How do you deal with this every time you come in to the office, where your PM is perpetually in a cr...

18
-
-
0
Should Hedge Funds be Regulated?

DonalDayUmTray

As the title says, should there be stricter regulation of HF's? So many times HF's get a lot of scrutiny for "Exacerbating" the bears that happen in financial markets because of their huge leverage positions and ability to short markets to gain from other people's losses. My take on it is that altho...

1
+1
10 Days Since Bridgewater Final Round: Have Not Heard

sam smith hello

Had a trading superday at Bridgewater on July 20. I had 4 interviews onsite but am still waiting to hear back — if it’s been 10 days did I not get the job? This is for a lateral move. ...

4
-
+3
Real Estate Hedge Funds (RE Stocks Only)

Pokemon Master

I know a bunch of hedge funds that invest in real estate, but does anyone know of hedge funds that primarily invest in publicly traded REITs and RE related companies? LDR Capital Management is the only I found that is somewhat close to what I'm looking for. I'm going to use a pretty broad definitio...

19
-
-
-
-
-
+1
How to deal with few positions getting in the portfolio?

BobbybananamA

I work at a large (e.g., $1-10bn AUM) l/s hedge fund as an analyst. We have a concentrated portfolio, so it is fairly difficult to get positions in the book. That said, I feel like I have had far more difficulty getting positions in the portfolio than others have. A lot of my ideas have done very we...

2
+1
Hedge Funds for New grads

sam smith hello

What is the definitive ranking of quant hedge funds right now for junior analysts? Where are the best places to work ...

1
-
+2
Best entry career path to Hedge Funds

ag639

I am currently an undergrad at a semi-target uni and have an industrial placement year coming up. My long term goal is to move into PM side of Hedge Funds, appreciating you have to pay your dues elsewhere first. What I want to know, is whereabouts is the best place for me to go to pay my dues? Cons...

7
-
+6
MIT vs. Princeton vs. Yale undergrad for quant hedge fund

hnymvvn

Hi all, I am a current high school senior choosing between attending MIT, Princeton, or Yale for my undergrad. My current goal throughout and post undergrad is to secure a summer internship at one of the big NYC quant hedge funds (Jane Street, D.E. Shaw, Two Sigma) and hopefully transition into a f...

29
0
London hedge fund headhunters

sa-jue

Can anyone recommend HF headhunters in London? Ie guys who are working on real mandates and have good relationships. thanks...

2
+1
Can fund managers invest in their own funds?

Alden-Wahsono

Hi, I am a rising junior at a liberal arts college (think top 20). I am interested in investing and am considering working for an investment fund (among other finance related paths) hopefully as a portfolio manager someday. My question is as a fund manager, can I personally invest in the stocks/eq...

1
+1
Transition from Prop Shop to Hedge Fund?

themoneyman

It is my goal to work at a HF and I have a background interning in AM for a well-known Boston firm. Next summer I have the choice between interning at the same firm (doing something that doesn’t interest me) and interning at a Prop Shop. Which would be a better path to a HF? I have a strong resume...

1
0
Baupost strategy and similar funds

jsmith17

Baupost has been known to make investments all across the capital structure and seems to have a very opportunistic strategy. How would you characterize their investment strategy? Simply as a value fund? Also, what are some funds that run similar strategies?...

3
-
+4
How to identify strong management team?

Chimp_and_jeez

Hi guys, Has anyone come across any good philosophy/ insights on how to identify strong management teams when making investment decisions? Would love to learn your thinking and recommendations on books/thought processes. thanks!...

7
-
+2
How to get a top Quant Researcher/Trader Job?

Math-Fan

Hi everyone, I was wondering how hard it would be to get a top quant job at firms like DE Shaw, Two Sigma, AQR, Citadel, etc. I currently go to a semi target (rising sophomore) as a math and CS major (possibly removing one and inserting physics). I've also been looking at tech, which I'm also inter...

4
-
-
-
0
Do hedge funds hire entry level analysts? If yes, could you please provide any you are aware of?

ananias8833

Hi everyone. This year I will be completing my bachelor and master degrees in Mechanical Engineering and Financial Engineering, respectively. To be honest with you, I think I am more interested in business analyst positions rather than quant ones. I wanna learn more about industries rather than focu...

2
-
+7
Is Long/Short Equity Hedge Fund Dead??

wjtmxlstlqkf

I keep hearing that long/short equity hedge funds have been struggling to generate alphas. Is it true? What do you guys think about the field in general? Where can I learn about them more?...

26
+4
Will someone review my stock pitch

ffffml

Hi, I have made a short 2 page pitch that I would like someone with experience in the industry to review. I’m planning to reach out to people at funds to network and was planning to include a pitch. I edited a pitch upon suggestions by someone but I’m looking for more people to review it and let...

24
-
-
-
-
-
-
+1
Moon Capital - pay/reputation/culture?

ineverfold

Does anyone know what it's like working at Moon Capital? From searching online, it seems like the pay is pretty dismal (60-70k). Wondering if anyone can comment on the pay, culture, and general reputation of the fund from the perspective of a junior analyst. Thank you in advance....

4
-
-
-
+3
How to actually break into the field?

Pat-Reilly

So I have literally no experience in the financial industry.. There got that out of the way. However, I do have plenty of experience handling financial information, albeit not equity related, at least in a professional sense. My undergrad degree is not related to finance, but I am going to graduat...

8
+2
Firm I'm interviewing with asks for a Credit Analysis

hughwattmate

So I'm interviewing for this very small L/S equity & fixed income-focused hedge fund ($300M AUM) doing Portfolio Research. The firm's focus is on fundamentals, whereas I come from more of a quanty/stats background and also just graduated last month so not much experience in this field. Anyways, for...

7
-
+7
Do all equity l/s teams work an insane amount?

Acidophilus

I'm at one of the multi-manager equity l/s platforms (think Point72, Surveyor, etc.) as an associate/junior analyst, getting recruited to another one for a more senior analyst role. From what I see around me, basically every l/s equity team (including PMs) works a ton, call it 6-7 days a week on av...

56
+1
Distressed HF - RE group, questions

jmayer

Hey all, Have come across a role as an analyst/associate with the RE group of a very large Distressed HF. Fund has a broad mandate for public and private markets, mainly various debt and structured instruments, but potential for PE type lending as well. Was wondering if anyone could shed any light ...

2
+1
Interview Advice for a Quantitative Role

Joseph-Gaffney

HI all, not sure if this is the right place for this as its my first post in WSO. Anyway, I have an interview on Wednesday with a large NYC firm that is focused in the life and retirement markets. The reason I am posting here however, is that I have an interview Wednesday with their Investment gro...

1

Pages