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+7
Struggling to provide a 'valid' reference

Piigs fly

I've received a verbal offer a week ago from a tech startup. I'm now in the reference check stage. HR initially asked me for two references, but has then been constantly following-up with me and has asked me for a total of five references. The problem that they're facing is...

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+5
ROE tracking the market

PacioliBoss

Here’s a simple question for all of you investing hotshots: Why don’t market returns track ROE? In other words, if ROE represents the return on the common shareholders’ equity in a particular company, then shouldn’t the market (over time) compound at the weighted average of all...

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+3
Tiger Global / Tiger Cubs

MonkeyBeesWax

Hey guys, I'm trying to find a good book about any of the PMs from Tiger Global / Tiger Cubs. I just want to learn and read about their career/life path, culture at these firms, etc. Any good suggestions?

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+2
Micro-Cap/Small-Cap HF exits?

HFunder

Hola all. What would be some potential exits from a HF focused on micro-cap/small-cap equities? Background: Investment Analyst with 2-3 years of experience at my current fund, and 4-5 years in total buy-side experience (worked at a family office prior). In addition, also completing a part-time/exe...

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+3
CFA Useful for Quant Fund?

Trading4Hours

I am heading into a Quant Hedge fund. Would it be at all useful to take CFA exams? I have started studying but not yet registered, just wondered if it will get any respect in the industry....

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+2
Interactive Brokers Prime Services

tonyfo

Hi all, I have been running a families + friends strategy on an IB personal account for a little while now, and have now reached the minimum size ($3m) to take advantage of IB Prime. I am hoping it would serve as a springboard to establish a track record and tap into their marketplace. IB Prime is...

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+2
VBA advice Intern

Chrisbougias

Hi all, I am currently doing my MSc in Financial Mathematics at LSE and yesterday started a 1-month part-time internship in Quantifi (risk, analytics, and trading solution provider), at London office. The tasks I have to complete throughout my internship are mostly based on VBA programming and Exce...

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+1
Accounting for reallocation of GP's share of profits

jordanneuman32

We want to bring our accounting in house. After allocating the various types of gains and income to the LPs, what is the process for reallocation of those gain types to the GP? ...

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+11
How do you know if a less well-known fund is good?

Big_Muffin

There's a big tendency on WSO to gravitate towards the most visible, well-branded and prestigious opportunities. Everyone knows about the big guys. How do you all go about diligencing opportunities at less well-known funds, especially if there's little to no info on WSO? Also, if a fund hasn't bee...

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+1
OKR as management tool?

littlepigmm

hi, just curious how the quarterly / annual review works @ your fund? Strictly based on stock performance or something more vague and less quantitative? Do you think OKR is applicable to this industry? ...

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+1
Becoming a Quant: Undergrad

quantitativekaran

Hello everyone, I am currently a high schooler and looking to go into finance, specifically being a quant. I know I have ways to go but I believe the quant path could lead me the right direction. I decided to post this discussion because others were outdated by many years, so information may have ch...

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Custodian for Personal Trading: Fidelity, StateStreet

mchadron

Hi, I am just starting out with personal trading ($5MM), not looking to setup anything sophisticated. In your experience which custodian would be best to hold Stock that I own in my portfolio (crypto in near future)? Would you recommend going ahead with Fidelity, StateStreet etc? Really appr...

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MAK Capital Job Offering

bluedriver22

Has anyone heard of them or knows anything about them? Friend got an offer recently. There is not much on the website to go on. ...

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Non-Quant Public Markets Careers

Blue Horsehoe

So, from what I've read on this forum and elsewhere, it's starting to look like all non-quant jobs in the public markets are dying out. For example, S&T is getting largely automated, and non-quant hedge funds are losing assets to passive/quant strategies. Are there any non-quant jobs in the public m...

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+3
Credit Suisse & GSO Capital - Structured Credit Reputation?

creditrevolver

Hello WSOers, What is GSO's reputation in the CLO/Structured Credit space? I know they rank #1 on the league tables in terms of deals/deal size but was looking for a bit more. CS is two so I was curious as well. Also, do CLO/CDO teams at top shops (GSO, Octagon, etc.) pick all their own credits in...

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+9
Learning programming by myself?

Distracted

Hi, i wanted to know if there is a way to learn programming by myself. I know you can start with some tutorials and guidebooks, however, if there are some specific guides that you can recommend, i would appreciate it very much. Also, is it possible for these self-taught programming skills to be usef...

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+1
Trading Execution Offer Help

Baypost

Hi all. I am an analyst at a BB and have an offer coming in for a Tier 1 hedge fund trading execution role. Does anyone have any advice on whether to go for it? Basically it is a great name on the street, that I know but I hear a lot of comments that execution is a dead end and you don’t really pr...

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Turned my live $4000 account to $44,000+ in 4 weeks...What is next?

GoodBoyFX

hi guys, the boy is back in market after a long period of saving capital doing 9-5. It' feels good to be back. O the subject, yes. I turned my live $4000 account into $44K with over 5500 trades (ROI - 1000%). Yes all within 1 month. You think goldman boys can produce this "without algos" i think n...

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+7
Realistically, can I become a Research Analyst at a Hedge Fund?

koko87

Greetings Fellow Chimps, Apes, and Humanoids, I've taken a long journey down my finance career thus far and I've reached a juncture where it's finally time to pursue my passion of becoming a research analyst at a Hedge Fund. :::pause for uproarious jeers and hysterical laughter::: For the past e...

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+11
Catalysts?

MMAM

Hey monkeys - would someone please explain to me the concept of catalysts in equity investing? I understand some strategies (event driven, special situations) rely specifically on catalysts to produce their alpha. What catalysts/events are looked at and ? Macro? Industry & Company specific? Unique c...

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+3
World's dumbest 'smart guy'?

OldChimp

I left a large family business that had close to $200 m in revenues. I got 2 Master's degrees (Financial Mathematics and an MBA from an Ivy). I am now 46 and own a semi-profitable restaurant, some real estate, and have a small severance package. All I ever wanted was to work in hedge funds. I di...

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+1
Carlyle group summer interview

ffffml

Hi I have an interview for summer for carlyle’s strategic partners group. Does anybody know what to expect for interviews? Posting said they do distressed debt and equity investing. Any resources on how to prepare for distressed stuff? I have guides and know a fair amount of valuation, accounting ...

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+1
Exclusive Slack Group for Hedge Funds

Lamushi

Hi Folks, This is a link to join an exclusive slack channel for hedge funds. Use this link below to join the group. https://join.slack.com/t/hedgefundsgroup/shared_invite/enQtNTE3OTk4NDgwMDM2LTFjNmM1ODYzNjgyNzNmZTk5Y2NiZmI5YWE4NWRjNDFlNGI3MTZlOTEzNTRkOTNlYjkxODFjYmY0YTk2MWY0ZTA...

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+1
Distressed Debt by Moyer

wasper710

Does anyone happen to have a pdf copy of Distressed Debt Investing by Moyer they would be willing to share? Thanks! Is this still the best book on distressed on the street today? ...

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+1
RMBS cash flow model

mp11932

Does anyone have a template for a RMBS cash flow waterfall showing the payoffs from each tranche? Thanks ...

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+1
Don't know how to delete so i edited.

qm123

Don't know how to delete so i edited. Don't know how to delete so i edited. Don't know how to delete so i edited. Don't know how to delete so i edited....

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+4
Baupost 2018 Letter?

johndoe89

Guys- does anyone have access to the latest Baupost letter for 2018? Would be much appreciated if someone does and could post it on the forum or PM me. Thanks very much in advance JD...

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+1
Honeycomb Asset Management - Anyone familiar?

vs997

Anyone have any information on Honeycomb Asset Management (Culture, Investment Style, Etc.)? Only info online is a couple of Business Insider articles, no website or anything. Seems to have started ~3 years ago, founder is from P72. ...

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+5
Fundamental analysts, what's your edge?

hedgehog9

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+1
Masters Course for entering the Hedge Fund industry

ducksick

Hi Guys, I'm going to apply for my masters in the coming weeks and I needed your help on understanding some things about the Hedge Fund Industry. I have gone through a lot of posts about entering the HF Industry, on WSO and completely understand that a masters course may not be a direct ticket t...

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0
Blackstone BAAM Salary

alaphagrind1

Was wondering if anyone knows how much a 1st year BAAM analyst's pay package is? How does it compare to S&T/IBD/AM?...

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+1
Citadel Credit

Debtbanker

Does anyone have any insight to Citadel's Credit teams? Seems like most of the postings on this site is focused on their equities teams ...

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+1
Graham Capital Management - Summer Internship Interview (Quant)

aristos

Wondering if anyone has interviewed with GCM for their undergraduate summer internship (I applied to quant research, but the email didn't specify what I'm interviewing for). Also wondering if there's any benefit to taking an on-site vs. a Skype interviewed since they've offered both. Thanks!...

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+1
What To Do? Need Some Advice

Warren's Buffet

Hey WSO, so I got an internship for summer 2020, but I am free this summer and have a place that might be interested in taking me on. Should I mention that I have an internship for 2020 since they are similar firms and the CEOs are actually both friends? Or should I not say anything about that? Not ...

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+1
What HF managers have set up family real estate offices?

TheTankF

I'm looking for hedge funds, managers, or ultra rich individuals who have set up family offices to invest directly in real estate. ...

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+12
How do generalists produce alpha?

maddy.ap

Any generalists out there, how do you produceb alpha when you don't even have expertise in an industry or lots of experience in that space? How do you narrow down on an investment that would deliver long term returns?...

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+17
How I got my job in a Hedge Fund after graduation

Exodus

Hi guys, after gaining a lot of knowledge from the many useful topics on WSO I thought it would justified to give back a bit, even with the little experience I have. Maybe how I made my way to a hedge fund job is not replicable by many people as it includes a lot of luck but anyways it's always good...

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+1
How to stay motivated when working alone

Exodus

Hello guys, I am currently a 1st year analyst at a major multi-manager hedge fund (think Millenium, Citadel, Balyasny etc...) and I do L/S special situations. Sorry for my English, it is not my native language. After half a year of work, I am lacking motivation seriously, and the main reason is tha...

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+1
HWM correction for a year with very high return

silkroute88941

Hi everyone, I was just going through the CAIA L-1 chapters on Hedge Funds(I am applying for it in Feb this year). In the HF part, it is mentioned, that the NAV is set to HWM of a HF at the end of each year. My question is that if a fund manager makes remarkable return under extraordinary sets of co...

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Is CFA Beneficial for Hedge Fund Startup (Non-Traditional Background)

404

I’m looking for some direction regarding pursing the CFA designation with regards to my future hedge fund plan. I have a non-traditional professional background, so looking for some advice. I am 36, and graduated with a finance degree in 2001. After school, I spent 1.5 years working at a major w...

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+1
Baupost 2018 Letter

Elite_Bulge

Does anybody have a pdf of Baupost's 2018 letter to investors they would be willing to share? Haven't been able to find a pdf floating around the internet. Thank you! EB...

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+1
Structured Credit to Distressed Debt - possible?

creditrevolver

Hello all - looking for some answers. Junior undergrad, long term goal is distressed debt investing. I'll be working in structured credit in the coming summer. How often do people move from structured credit to this line of work (thinking GSO/Oaktree/york/etc)? Is it commonplace, and is the skill se...

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+1
BHIC - Beverly Hills Investment Corp (Bollenbach Office)

HANFLY

Does anyone have any info on these guys? Size, strategy, structure, pay, etc. Seems like they do both private and public investments. Thanks in advance!...

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+2
Hedge Fund Interview Prep?

cooper.winrich

Good day all! A bit of background here: I'm a freshman at a non-target public university, but have been working insanely hard to acquire skills, network with professionals, and develop myself in as many ways possible. While I've been trying to figure out where I would fit in best (IB, PE, or HF), I...

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+1
Gorham Convexity ?

keon6

I came across this "quant" hedge fund on Angel.co, where startups post jobs. It seems that the guy running it was an MD at BB trading and used to be a PM at some HF. Anyone heard of this fund? Don't think they launched it yet but curious if anyone has heard of it and what they've heard....

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+1
CAIA Level I Study Material

ISellMoney

I recently took the CAIA exam and have a lot of leftover material/study guides/powerpoints that I paid good money for. I am wondering if I bundled all my files if people would be interested in purchasing them. Thinking $40 for it all, compared to the hundreds and sometime thousand dollar study guide...

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+1
Bridgewater Interview - Investment Engineer

keon6

I was recently contacted by Bridgewater that I got invited to a phone interview for their Investment Engineer position. It will be in a couple of weeks. I heard that some people go straight to final round but I'm guessing that they wanna make sure I'm actually smart since I go to a top school in th...

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+1
Point72 Academy/Summit

moneymachine12

Hey, Has anyone participated in P72's summit? What was it like? Did they interview there? Did you get invited because of the competition they sponsor?...

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+16
AMA 1st year Equity Hedge Fund Analyst straight out of undergrad

hedgefundanalyst703

Hi guys, I'm a 1st year analyst at a L/s equity hedge fund based in NY metropolitan area with around $400mm AUM in a very small office. I got this gig straight out of undergrad (target school, not the best GPA) after 3-4 internships during school. AMA....

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+3
How to get from S&T to HF?

casualgamer

I will be full-time in S&T at a bulge bracket upon graduation in an equity sales role. I know this is not a quantitative position, so how should I go about trying to transition to the buyside? Would getting a MBA at a top school in order to pivot be the common path for S&T people to get to a HF? Ar...

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+1
What do you wish you knew more about?

Oligarch92

I want to prepare myself for the next few years, beyond just getting into IB. **What knowledge/skills would be most useful to learn ahead of time?** It is difficult for me to allocate my time studying when I'm unsure how useful the information will be to me in 10 years. My current approach has been...

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+1
List of HF's in Boston

LakerMarket

Looking for a list of hedge funds in Boston, and around that area... Anyone got?...

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+1
Where to get bond yields data (no bloomberg)

newkid2019

Hi guys: I'm curious where one can get relatively accurate/up-to-date bond yield data without a bloomberg please? In the past I've googled and found them on whichever website that came up, and wanted to check if there's a better way of doing it? thanks in advance...

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+2
Info on BlueMountain Capital

Spare1017

Does anyone have any info on/experience working with BlueMountain Capital? The website has a lot of great general information but I'm just generally curious about the culture and reputation there, most specifically in their Long/Short Credit Strategies Fund. Any idea on comp/hours/culture and the b...

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+1
Trading Desk Operations Onsite Interview

Ahmad-Shaban

I have an onsite interview at JSC and would love some help or advice on what to expect? I have read numerous posts on different websites but they are somewhat incoherent. I would love some more ideas....

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