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+24
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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+11
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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+1
Quant with a M.S in Applied Math?

MathStat89

Hello, I am in my first semester of a M.S in Applied Math at Johns Hopkins. I plan on my degree being about 50% Probability and Statistics, 20% Pure Math( Matrix Theory, and Real Analysis) and 30% Programming. I did not want to go the financial engineering degree route as this would pigeonhold me....

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Joining a crypto hedge fund ?

targetmonekyhihih

Has anybody thought about taking the high road and joining a crypto hedge fund instead of a traditional long/short equities hedge fund ? There seems to be a lot of top investors/traders from traditional HF/AMs going into the crypto space right now. Plus firms like Pantera capital, polychain capital,...

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Offer from Citadel Securities

tradingguy

I'm an undergrad who received a trading offer from Citadel Securities. There is not much information about the market-making side of Citadel. What's its reputation? The offer is incredibly strong and I'm probably going to take it. I heard that turnover on the market-making side is lower than the hed...

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+1
IR/Cap Raising

strokes331

I have done some research on business development, IR, and Capital Raising on WSO and most of the information that I came across is for small to medium size funds. What do these roles look like for a top 20-25 fund? I am talking about a specific role where IR and BD are a combined function. Also,...

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+1
Indus Capital Partners

chicagobulls99

Anyone got info on this shop? Performance, culture, pay, reputation within the hf space? Coming from the perspective of a young MBA student at a top tier b-school. There's very limited info on them online, and even though they are decent size firm, their analysts seem to come from all over the place...

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+1
Importance of Arabic & SWFs in the Middle East

Yellowcake1

**1. A shortage of Arabic-speaking students in the West** Mandarin and Japanese have been praised as important business languages, in contrast with 'less important' languages like Arabic. This sentiment resonates with government initiatives, such as Obama's '1 million strong' (Mandarin) and univer...

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+2
Small Hedge Fund (20-50m AUM) or Bulge Bracket Bank?

imaginedat

I am looking at 2019 internship opportunities as a junior. I am currently working at a startup hedge fund, however am looking at opportunities at bulge bracket firms as well. Do you have any advice between staying at a small, entrepreneurial hedge fund in which you are able to tangibly affect the b...

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+2
European/London HF Landscape

bananashit

Was curious to know about the HF industry in London. Is it as strong as in the US? On the forums here, I see a lot of talk about the big funds like Bridgewater, Citadel, DEShaw, TwoSigma, Point72 etc. and how they generally have a good rep in the US. Was wondering how these funds are perceived in E...

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+6
week in the life of a Hedge Fund analyst.....

rogger.potter

for those who actually work at a HF!!!!!.....tell us a week in the life of a Hedge Fund analyst........

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+3
Credit Hedge Fund Definition and Interviews

johnny_quest

Guys - I'm at a BB in Lev Fin and recently have been called up for an interview at a credit hedge fund within a private equity fund: focused on distressed debt, special situations, long/short equity, etc. I've been involved in several PE interviews but never interviewed with a credit hedge fund. ...

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+1
Potential Interview: Undervalued Midcap 400 Stocks - Assistance

WACC_King

Hello everyone, I have an interview coming up for an analyst position. The firm specializes in midcap 400 companies and I want to prepare a stock pitch. It would be great to hear your thoughts on certain stocks that may be undervalued. Thank you in advance....

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+1
What's your view on Cryto ETFs / Hedge Funds?

Marcus Nietzsche

Would you consider investing in Crypto ETFs and Hedge Funds? What are the historical returns of crypto funds so far...

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+1
MF Liquid Non-performing Credit

infograb1111

Has anyone interviewed at any of the MFs (AGM, BX, KKR) for an associate position in a non-performing liquid credit strategy role (pre MBA) and have any idea what the interview timeline usually looks like? Cheers ...

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+1
How do you develop your estimates for private Companies?

Perpetual Throwaway

I was recently asked to create estimates for a private company (think syndicated loan deal) without having any guidance from management. There were some operating level details for the latest fiscal year in the debt bank book (think revenue by customer and state), however this information was limite...

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+1
Man Group?

BananaForest

I recently had a friend start at the Man Group. I've never heard of it before, but it seems to be a pretty large fund of funds, with presence in Europe and the US. I was just curious if the firm carries a good reputation/whether its respectable? Any particular groups that are more sought after than ...

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Mid-Sized Hedge funds

joshkoperwas

Hi, Can anyone recommend some mid-sized hedge funds that invest in commercial real estate debt? Thank you...

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+1
MSIM Hedge FoF Interview

zch3648

Recently received an phone interview with a MSIM AIP FoF team’s executive director. Can someone share their experience with MSIM fof or experience with similar positions? Much appreciated!...

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+3
Starting a fund today, anyone interest in making a billion?

Anonymous Monkey

How to find partners for starting a commodity pool firm? Where should I look? I am mostly looking at develpoing algoritimics strategies that would hedge HNW investors portfolio against an equity downturn through trading in commodity futures. And later on getting institutional money. I do have reaso...

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Quant developer credentials

dkim1984

WSOers. I've been thinking of pursuing an FI quant fund, and could use your help. I'm an MBA (non-target) that just passed the third level of the CFA. I've done a little research, and I'm thinking of going back to school for a quant degree. I've only been in PWM/PB and commercial lending (up to $5...

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+1
Prop Trading question

TradeGreek

I was reading an article which suggested in America Banks can no longer prop trade. I was wondering if someone could clarify this? I am based outside America so keen to get someones input. If Prop trading is banned how will Hedge Funds and alike get a steady flow of traders in the future as surely...

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+3
EVA extrapolation

sa-jue

Not a big fan of forecasting beyond 5+ years, but looking at usual EVA valuation. How do you guys usually derive invested capital, nopat etc for the LT? Do you assume ROIC will stay constant beyond year 5 or so or do you assume a mid-cycle ROIC for the LT? ...

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+5
Starting own investment fund

karlyong

Hey ya'll. I am planning to start my own investment in the near future. My main focus would be small to mid-cap U.S. equities. If anyone on this website has a similar investing experience or interest, please feel free to share your success or lessons you had learned from your experience. Any tips ...

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+4
D.E. Shaw internship Early Application

Fish Fairblood

I recently got an email from D.E. Shaw inviting me to apply early for a 2019 summer research analyst internship. I'm a rising sophomore at a semi-target (unsure about the classification, we're top 15 US News but pretty low presence on Wall Street) with a good GPA and test scores, but an almost purel...

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Experienced partners for ambitious new fund

Anonymous Monkey

I am looking for experienced partners for starting my commodity futures fund. Individuals should have very good intellect and hedge fund knowledge. I am very intelligent myself and well versed with the laws and statues governing such alternative investment products. I have already setup the investm...

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Turnaround probability analysis

Anonymous Monkey

Can someone please help me assess the probabilty of a turnaround for a person? If Yes read on. What is the probabilty that a broke 19 year old recent high school graduate living with his parents with low income and no college education for themselves too, trying to start a fund on his own, with no t...

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How to find partners for a startup fund

Anonymous Monkey

Hi everyone, I wanted to know how to find partners that have previous fund experience. I am looking to get partners for a commodity futures fund that I am building. I am looking to get someone with trading experience, I have already formed the entity. Registered with NFA. Setup emails and domains. H...

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+1
Startup Hedge Fund Entity structure

Anonymous Monkey

Hi, I have started a hedge fund. But I am looking for ways to structure the business into such a way that, I can bring in a wide range of investors like US and Non-US. I want sort of a multinational hedge fund structure where, a lot of strategies of different types can be used. With investors of dif...

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Where can I give suggestions to WSO?

Anonymous Monkey

Hi, I would like to see some improvements to the WSO forum and some additions, where can I post the suggestions?...

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+1
Hedge Fund Research Analyst vs. Asset Management Research Analyst?

axiaskepsi

Hi, I am trying to get a better understanding of what I would like to pursue as I am graduating college. I recently completed an Equity Research internship, and have a strong passion for research. I am looking at becoming a research analyst but am not sure as to what the full differences would be i...

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+1
How to learn the lingo?

Pablo's EspressoBar

I'm a student who wants to eventually work for a hedge fund. I keep running into HF specific terms that I'm not familiar with. I'm talking things like notional value and market value, relationships between long market value and short market value, etc. I imagine these are pretty basic ideas I should...

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+1
CAIA level 1 exam analysis, please help if you have any idea! much appreciated!

Moloko

I am not sure how CAIA organizes its exam. If I got easy questions on my 2nd half of the exam, does that mean I screwed the first half? I knew GMAT is an adaptive exam, not sure does that apply to CAIA? kinda worried. thanks!!...

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+1
Am I supposed to accept LinkedIn invitations from people I don't like/respect?

propchop

Been on the buyside for too long to remember how to kiss ass properly. Never was good at this actually... BTW, not trying to humble brag that I'm important or popular. I'm not important. What's the move here?...

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+3
D1 Capital Partners Info

Hamdesh

Has anyone heard of D1 capital partners and have insight into culture, investment strategy and what type of backgrounds they take? So far only saw previous HF analysts but wondering if they only take former HF analysts or bankers?...

9
+1
Would Anyone Care to Review My Pitch

ftorbust

I've already accepted a FT HF offer, so at this point I'm focused less on generating ideas for interviews and more so on refining my existing process for when I start. Would anyone like to review one of my recent pitches from a process/logic/formatting/pacing/etc standpoint? Thanks...

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+3
Mid-career crossroads help

dazedmonk

I'm at something of a career cross-roads. I'm ~30, been in the L/S industry for ~6 years with mixed success. Started out at a large fund, then joined and left two startups that didn't work out. In one of them I had directly managed capital and a really strong track record. Now I'm faced with a fe...

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+2
Technology in Hedge Funds

Lamushi

Hi folks, I am trying to get some meetings in hedge funds to introduce a new technology my team, and I have developed. Which person you think would be the best to contact in hedge funds and what would be the best approach? Thank you...

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CMT for a CFA Level III Candidate

VSB2014

I'm working at a Hedge Fund in risk and I want to break into a traders role. I already "have my foot in the door" but now I want to develop the skill set to rotate into trading. Still pursuing the CFA, will sit for level 3 next June. Is the CMT something that would be worth the time/money for me?...

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+1
Buy-side recruiting from regional offices ?

Loljustlol

Does anyone here have any experience with buy side recruiting from regional offices? How do interviews work when you obviously can’t leave the office to attend first rounds, much less meet headhunters?...

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Help with 5 Hour In Person Case Study

Monkey4729

As part of a mid-stage interview process, I have a case study coming up where I will be given a public company, 5 hours and a blank excel. I am expected to present my investment findings to a small group of people in a primarily special situations focused investment firm. They look at equity, debt a...

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+1
HF frequent interview questions?

TradeGreek

Does anyone have a good idea of potential interview questions which would be typical for a long / short global multi asset firm? Looking around I have seen obvious questions are if you have $xyz to invest what would you invest in? Are there any others? Are technical's from IB / PE relevant to the ...

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+8
Point 72 Academy 2019 Recruiting

wolfofdurham34

Hello everyone, Just trying to get a feel for Point 72's Academy 2019 recruitment process. I submitted my resume and got Hirevue a day later. After completing the Hirevue I was then invited to an "exclusive summer networking night" at Point 72's office in NYC. The invitation said the event will ...

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+13
TN Economist Category Visa Changes Dec 19, 2017 - Any TN Economists Working in Hedge Funds?

ShortHi-CoverLo

The USISC today imposed restrictions on individuals working in the U.S. under the NAFTA TN Visa's Economist category. This change disallows people working in Financial Analyst and Market Research Analyst roles from obtaining the TN visa. My question to all those working in investment analysis roles ...

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+1
Bridgewater Associates Recruiter

Rogorg

Hi guys, Do you know about the recruiting firm(s) that hire for Bridgewater Associates? Also, con you share some feedback on how to increase the chance of being invited for interview at Bridgewater? I have been applying to some of their open roles, but haven’t been invited for the interview ye...

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+44
AMA: 3rd Year Hedge Fund Analyst

ActiveShare

I've been reading WSO for years and it helped me out immensely when I was trying to figure out the best route to take in order to achieve my goals. Now it's time to try and return some of that value, so here goes. I'm currently a 3rd year Analyst at a $1 -$5Bn Hedge Fund. We focus on primarily on ...

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+1
Moving from FoF to HF after 2-3 years

christoph.buchner

I am starting a job in a FoF which operates in infrastructure, private debt and private equity. Meanwhile I am planning to start the Msc Banking and finance of King‘s College London. What are the chances to transfer into HF after graduation? ...

2
+1
Net Worth of General Partners/Portfolio Managers

81investment

I'm trying to get a sense of what people are worth. It seems that I always think everyone has a lot more money than they actually do. For people at large funds ($1B-5B), what is the net worth of the average PM who is 40-50 years old worth? Or a partner at Blackstone? Or - the CIOs of family offi...

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+10
How Hard and Expensive Is it to Start Investment Fund?

SlyGuy

A number of friends/acquaintances want to give me money to manage on their behalf. Obviously if I were to do this under a personal account it would be illegal. So how hard/costly is starting an investment fund that can take money from other people? I would just want the cheapest, simplest legal stru...

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Breaking into Macro Hedge Fund out of Undergrad in UK

pbaelish

I an econ major at Oxbridge and have been doing published econ research since high-school. My academics are top-notch, and a global-macro funds is what appeals the most to me. I would like to get started in my dream profession right out of college, but I understand that macro funds usually only hire...

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Which internship is better for moving into top L/S: GS NY ER vs. Dodge & Cox ER

Somnus_M

Which one would you choose for moving into a top long/short equity HF for FT (think BAM, Citadel's l/s, DEShaw's l/s, Point72)? Many thanks in advance....

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Greenlight Capital model DCF until year 2120?

patoloso

So I was reading this presentation David Einhorn gave in 2015 (https://www.greenlightcapital.com/929842.pdf) and noticed that in the Appendix (starting at slide 80), they show their DCF calculations for Consol Energy's oil, gas and coal divisions. For shale gas, they DCF up to year 2120 and for oth...

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+1
Insurance Industry Primers

shaunakmisra

Hi, I'm looking for primers on the insurance industry - how to value insurance companies, what are the key metrics to look at? How value is created etc. If there's any document. Please share....

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Recommended part-time job

janakk

What kind of part-time job should a person pursuing a graduate degree do in order to look more competitive for HF job? About me: * I have an undergrad in Economics and Political Science. * I have 5 years of work experience in macroeconomic research, started as Research Associate and exited as...

1
+1
nitorum capital and hawkeye capital management

ffffml

anyone heard of nitorum capital and hawkeye capital management, two funds in nyc before? have interviews coming up in a couple of weeks. Tried finding people who interned there in the past but had no luck in successfully contacting them. Any insight into what kind of people they look for and their i...

5
+3
Starting as Analyst in healthcare focused HF

hedge-mofty

I am able to start a new role (Analyst) in a healthcare HF in Jan 2019. How should I prepare for the role given I have no exposure to HF or investing before? My key expertise lies in healthcare technical fluency (think PhD and postdoc in Biology) and I come from MBB consulting background. The HF th...

7
+2
equity research BB

htmar

I am a second year student in a london target university studying econ and I was examining the internship possibilities. I am interested in hedge funds but I know how difficult it is to get a FT out of undergrad. I might have the chance to do an internship in a credit Hedge fund (think 3-6B AUM) tho...

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+14
Cap intro AMA

earthwalker7

I ran cap intro for a top 5 investment bank. If you want to know anything about the capital introductions space, I'm happy to answer. AMA...

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+7
Leaving an established hedge fund to join startup hedge fund

hfmonkey85

Hi guys, My current job is at a large established hedge fund that is well respected and I enjoy showing up to work every day. I've been an analyst here for a few years now but I feel like I'm being underpaid and I'm getting restless. I could be stay here another decade and probably wouldn't make ...

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+6
Looking for seed money but no idea on the how/what/who

Beanyeyes5

Hey all, Before diving into this I think it makes sense to at least give some context and background on me personally just so we're all on the same page. The general gist of what I am curious about from anyone with experience is the goal of getting seeded to start a small fund. The goal would be $...

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