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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
looking for a partner, hedge fund

kazzzz

Hey im looking for a partner for a start up fund which will be a incubator for about two years. I am based in London and will be looking to meet up for a coffee. Requirements: individual trader who has experience with derivatives options, macro long short. Trading or has the capital to do so. Would...

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+16
2017 Hedge Fund Report: 8 Key Takeaways

WallStreetOasis.com

The 2017 Hedge Fund Industry Report compiled by Wall Street Oasis (WSO) provides insight on compensation, the interview process, employee satisfaction and more. All statistics featured in the reports are based on 1,800+ user submissions from the hedge fund industry. The report includes data fro...

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Forward TBA Prices

FlowerStone

I'm trying to determine the best way to calculate the future price of MBSs by pass through. That is, I am putting together a cash flow model where NP loans (mortgages) are purchased (sub par and par) and subsequently sold at a premium. The estimated time to getting them in an RPL state is something ...

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Transfer from FoF to Hedge Fund after 2-3 years

christoph.buchner_1

Hi I am starting to work at a FoF which is doing PE, infrastructure and private debt. Currently I am holding an undergraduate degree but I am planning to start with the King´s College Msc Banking and Finance. I will do the Msc besides my work of the FoF. My goal is to transfer into a HF after grad...

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How hard is it for European graduates to get into US HF?

Communitarian

Hi everyone. I’m an American high school student who will be applying to universities soon. I want to go to university in Europe for personal reasons and for the cost. I’m looking at Boconni, St. Gallen, SSE, and some others. My career goal, however, is to work in S&T for a while then work in he...

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+1
Point72 Wonderlic Test and Hirevue?

targetmonekyhihih

How to best prepare for the 15 minutes wonderlic test ? Didn't hear back after last summer. Don't want that to happen again. How to prep for the hirevue since the questions are given? This is for summer academy program. Thanks!...

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Hedge Fund Guide Opinions

wagsbillions

Hi all, I was wanting some opinions on the WSO Hedge Fund Guide from people who have bought it. Did you all find it useful for interview prep and would it also be useful for interviews at fund managers/asset managers? Appreciate any input on the WSO Hedge Fund Guide....

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Point72 SA background check process ?

tomford1982

Does anybody know the background check process for SA positions in Asia for point72 ? Is there a drug test ? Do you need to send in your official transcript? What else? thanks...

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Most Impressive Colleague?

kaisyteknon

I am curious to know who in your opinion was the most impressive colleague you ever encountered? What did this person do to make you think he will bring it far in this business? Was it the proposition of a particular strategy or rather personal characteristics?...

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+2
Disagreements with PM - Best way to diffuse a ticking time bomb?

DLCY1234

Hi guys, I'm an analyst at a single PM fund and recently ran into major disagreements regarding portfolio positions with the GP/PM regarding how the individual positions will react to certain events. If my recommendation were to have been taken as opposed to completely exiting, it would have save...

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+1
Goldman Algo Trading Strats vs Bridgewater Investment associate

quanty-monkey

I am an Ivy undergrad. I interned at Goldman and received an offer from their Algo Trading team for FX Market making. I also received an offer from Bridgewater as an investment associate. In long run, I want to work on data-driven trading/research roles may be at a place like Citadel or Two Sigma (o...

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Multi-manager hedge fund analyst total comp

indsanalyst18

What is the range in total comp for an equity analyst at a multi-manager hedge fund (Citadel, Millennium, BAM, P72 etc.). I realize it depends on AUM of the particular pod, performance in the year, and the analyst's seniority/contribution.. But in rough terms, and assuming the average base salary is...

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Transitioning to Portfolio Manager from Research Analyst

DistrictofSuburbia

Keeping this short - I am a bit over five years out of school and have worked as an Analyst at a long only fund and a L/S family office (current role). We are quite tiny, but the family's net worth is well into 9 figures. I took a cut in pay from my last fund (around 170k all in previously), to he...

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Investment club

foffy

Hi everyone, I wanted to check if someone could suggest online /offline investment clubs or forum to understand the different investment approaches / rationals being discussed on day to day basis ? Thanks, K...

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How would you prepare for a hedge fund internship when you have no relevant experience?

quavo

Hello, I've recently secured a hedge fund internship for Summer 2019. The only issue is, I have never done an internship before and am not sure what skills I will need in order to be successful (secure a full time offer). I've seen the Linkedin profiles of people that have gone through this same ...

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Interview question @ Wall Street hedge fund

nathanberah

Interview question @ Wall Street hedge fund: You have the chance to spend $200k for an investment. What is according to you the best investment. One guy said it was to do an MBA at Stanford, Harvard and UPenn (assuming yearly tution costs = $100k and the program is 2year long). Consider this...

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How to start trading Global Macro

wannabeahfdude

Okay... at the risk of making myself sound really dumb, but hopefully helping answer some of the same questions that others on this board have... here goes... Assume the following: Someone paper trades US equities but not to any meaningful degree because they have to work the whole time that market...

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Cowell and Lee

wallstreetwiz88

Hey has anyone heard of this fund in hong kong called Cowell and Lee? I'm looking to move out to Asia and apparently they're an event-driven fund focusing on credit. Any feedback would be great, thanks!...

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TMT Hedge Funds

Blago99

Any insights on some of the top hedge funds? Coatue, Cadian, Criterion, Light Street, Tiger?...

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any TMT hedge funds ?

targetmonekyhihih

Anybody knows any other TMT hedge funds beside Coatue, Cadian, Criterion, Light Street, Tiger ? Thanks!...

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+7
I have a million dollars in my IBKR account and will get 10 million more next year, how do I successfully create a hedge fund?

Fraction

I'm 19 years old and in a unique situation where me and my friend (his dad is an ultra wealthy Chinese entrepreneur) were given a million dollars to invest and use to create a rudimentary fund management firm. We were told that if we could outperform the market and create a strong foundation for a l...

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financila analyst

AHMADH.SAGHIR

I am Candidate for the CFA designation (Chartered Financial Analyst), with dual Master’s degree in Financial Management (MBA) a...

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+21
Global Macro's Future "Stars" - Where Are They Coming From?

Burke

What professional backgrounds are today's and tomorrow's top global macro minds coming from? And how much does the environmental backdrop help explain this? Pretty simple question, but I think it's interesting to note the following trends for context. The first generation of global macro investors ...

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+5
Dalio's all weather Portfolio - Value Investing version

Wolfofgeorgestreet

I recently thought about this idea after reading Dalio's new book. Many of you are informed with Dalio's All Weather portfolio. It has returned on average 9.6% over the past 30 years. For those who don't know its a mix of 40% long term bonds, 15% short term bonds, 30% equities, 7.5% gold, 7.5% commo...

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Hedge fund trends

Jusmonkey

Hi all, With hedge funds facing ever increasing competition and challenges, from having to cut management fees to attract investors, to facing increasing competition from quant funds. Does anyone within the industry have any insight on current trends and developments? Is there an increasing need fo...

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+2
Paul Singer : The Doomsday Investor

goodbye sears

Anyone see this ? https://www.newyorker.com/magazine/2018/08/27/paul-singer-doomsday-investor Good read in my opinion. Funny how they tried to paint bush so sympathetic and as if he didn’t deserve what he got etc (I guess that’s the NewYorker for ya) . Thoughts on Elliot and his strategy? I th...

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+2
MBA for credit roles (stressed, distressed, opportunistic)

Ashley Schaeffer

Looking to get some input from those who have either done an MBA and are in a credit hedge fund role or are familiar with the post-MBA recruitment opportunities within credit. Are there any benefits to attending an MBA program (e.g. top 7 MBA excluding H/S/W) in terms of academics, perception, netwo...

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+6
Best Way to Break Into Shareholder Defense?

JohnDoe251192

Hi everyone, I am currently an Investment Banking Summer Analyst in the M&A group of a bulge bracket firm (think CS / BAML / Citi). One aspect of finance that I'd heard quite a bit and read about is shareholder defense - specifically, advising boards through hostile takeover attempts and in gener...

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Forensic accountants

sa-jue

To fellow investors: What forensic accountant firms have you used in the past? Can you recommend any and why? tx...

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+1
Citadel - Portfolio Construction Group and Risk details (Salary, bonus, career path etc)

RiskGuy1024

Hi All, I'm in discussions with Citadel for a role in their PCG group and was wondering if anyone could provide some details about this group and some advice. Some specific questions: 1. What is is the pay structure and bonus like? I have 10+ years of experience and am currently working as a He...

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+1
Can there be good investors in public equity markets today?

Chimp_and_jeez

I’m curious about you guys’ thought on whether there can still be great investors in public equities (excluding micro cap) in today’s world. Excluding platforms like Birkshire, can they still exist in a normal fund with today’s market infrastructure? (I’m talking about human investors, not...

1
+4
Point72 Video Interview

hedgefundguy97

I have a video interview with Point72 this coming Monday and I am not sure what to expect. It is for the 2019 Academy Summer Internship. Any help is much appreciated....

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+4
Something between burnout and intellectual stagnation

r9logic

Not entirely clear how to ask this question, so hopefully this makes sense. Backstory: Started career at a credit fund. Absurdly intense environment, arguably abusive, definitely unhealthy, etc. Lasted there for a couple years then needed a break. Joined a MM PE shop that is building out a distres...

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+2
Hedge funds AGAIN getting killed by Indexes

MichaelScarn

Just a follow up to an earlier post -- another report today on how the average hedge fund, YTD, is getting killed by indexes -- average hedge fund down 1 percent, vs. S&P index up 8 percent. https://www.cnbc.com/2018/08/21/hedge-funds-are-struggling-this-year-due-to-facebooks-plunge-bets-against-st...

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Energy vs Utilities vs Infrastructure vs Natural Resources

90001

The question is in the title - which of the coverage/industry groups listed in the title would you be most/least keen on covering? I understand there is often overlapping companies, themes, etc. across these groupings (not mutually exclusive) but nevertheless interested in your thoughts as many hed...

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+1
Hedge Fund Advice

tahoehigh

How would you recommend a trader with a couple of years of experience leverage his abilities into a Hedge Fund. I have a Bachelor's and a Master's in Mathematics, and currently a CFA Level II Candidate, any recommendations?...

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[removed topic]

quantum2020

...

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+6
From M&A to Hedge Fund

Sonper

Hi there, I'm an analyst in a sector team in an investment bank in London. As everyone, I was looking at private equity exits but I start wondering about hedge funds / tactical opportunities / spécial situations. I guess the ones where the IB skillset would be the most relevant are: long / short, ...

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+1
Hedge Fund Funding

greyacquisitions

Who do you contact to get a real estate deal funded by a hedge fund? I have clients that need $3m-$300m in funding?...

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L/S portfolio construction thoughts

sa-jue

To fellow investors: How do you think about your portfolio construction set-up? Apart from concentration, geographies, industries, net/gross exposure and turnover, what else do you take into consideration? ...

3
+1
CPP Public Credit

LaNoob

Has anyone got any info on CPP's Public Credit group, is this like a hedge fund or an asset management firm? ...

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+3
HF vs PE without experience, which is easier to break in to?

gooner4life

Apologies if this has been answered in previous threads, I did look but was unable to find anything directly comparing the 2. My question is, **for someone who is not currently in finance, which of PE/HF would be the easier to break into?** I understand fully that both will be extremely difficult, ...

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+1
Negative Fund

essex-porter

Negative Fund: where investment loss reduces tax burden? Investments would support business such as concert (jazz) promoting or programs to provide the homeless with container homes; win/loss. if so who manages it? If none who would be interested in starting one?...

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+2
Canadian HF industry

roversam

Would love to get people’s view on the state of hedge fund industry in Canada. Are there a lot of jobs? Do they invest in non-Canadian assets? Has anyone here moved from the US (back) to Canada?...

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How do I get sell-side equity models?

real-barca

My bank has access to sell side reports from a few brokers, including ourselves. But how can I get the corresponding models?...

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+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...

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+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...

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+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...

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+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?...

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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
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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 ...

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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
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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. ...

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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...

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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...

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+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 ...

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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...

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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...

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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
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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
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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...

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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
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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?...

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