Silver BananaTopicReplies
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Need Help: Undergrad Fordham Gabelli School or University of Illinois Statistics Major? Help!Which one do you think would get me on a better track to landing a job in IB or HF post undergrad? Am I screwed with both either way? UIUC offers an IB Academy which tends to place a lot every year in Chicago and NY IB, but fordham seems to have a lot of networking opportunities. ...
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Question on tender offer?Fund (the "Fund") is offering to purchase up to 30% of the net asset value, calculated prior to shares tendered pursuant to this tender offer (the "Net Asset Value"), of the Fund's shares of beneficial interest ("Shares") that are tendered by shareholders of the Fund ("Shareholders") and not withdra...
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What HFs are worth going to out of undergrad?I've seen some discussions about joining a HF out of undergrad, but there's a lot of disagreement. I go to a top target and have a strong GPA. What fundamental hedge funds are actually worth going to and consistently recruit? Or is it generally better to go for a top banking group?...
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Berkshire Shareholder Meeting 2018 Anyone going to be there? Ill be going for the first time and was wondering if anyone from WSO is going. Also, I'll have an extra pass or two so PM me if you would like it. ...
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Post MBA Options for a HF Career? Equity Research vs IBD AssociateHi All - I'll be starting at a respectable MBA program this year and will be in the fortunate position of having to decide between IBD or Sell Side Equity Research (Buy side would be ideal but taking a conservative approach) So I was under the impression that IBD would open more doors generally,...
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Landing Internship Early I have been reaching out to fund managers offering to work for free at their fund offering any help I can provide and I have not had any luck yet. Does anyone know if it is possible for someone like me to be able to get experience from a fund at my stage rn? Doesn't have to be any big name fund, but...
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Career trajectory for macro, post Volcker (Yet another annoying career post from a student with limited understanding of the financial industry) What specific area of finance would yield the best opportunities to move into an analyst/researcher/pm role (not execution trader) at a global macro fund in todays market? Before the Volcker r...
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Anyone heard of Novus Partners?Hey everyone, Recently came across this company called Novus Partners and am very curious as to what they are about. If anyone can shed some light on what these guys actually do (I've read their website and am still a little confused), that'd be awesome. Seem to me to be a sort of FoF set up, howev...
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Starting a HF in college with multiple Accredited Investment?I have found a business partner willing to be a general partner. This person has a proven track record raising accredited investment in real estate and believes he can promote me and the fund. Our target is raising $3 million accredited investment by July 2018. My role will be HFM running the fixed ...
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HF recruting advice - IB Group selections M&A or FIGHey everyone, I was hoping to post on the HF forum to hopefully eliminate the answers that will be as simple as M&A the end all be all. After accepting an offer at a lower tier but strong BB for the summer (and hopefully FT) I am in the midst of the group selection process. My long term career g...
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AMA: Volatility arbitrage PMAfter a brief chat with the local Gods (Patrick and Andrew), I thought I would host an AMA for anybody interested in the life of a hedge-fund volatility trader. Brief background: * Undergrad: abroad so by definition a non-name school :) probably can be described as a double major in math and CS...
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HF Prep Before Starting FT?I begin working in equity research upon graduation this summer. I wanted your opinions on whether you think it's worth it for me to begin hedge fund prep now, before I begin working full-time. I feel like if I start now it'll motivate me to continue prepping during the first few years of FT work, an...
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Georgetown vs UVA for HFHello Wall Street Oasis Community, As a senior in highschool trying to decide where to choose to go to college, I have narrowed my choices down to Georgetown McDonough vs UVA. My goal is hopefully HF/buy-side out of Undergrad. I was hoping I could get your perspective as to which one you all h...
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RV Options TradingHas anyone got any good primers/texts on systematic relative value options trading? Particularly good if it includes how to backtest these strategies. ...
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BB strategist -> Global macro fund: likelihood?So I'm currently working in a strategist position at a BB and i'm wondering what HF global macro exit opps look like. I ask because from what i've usually read most global macro PMs come from trading backgrounds, so i'm wondering if research is at all a valued skillset for a PM role. Would be really...
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Salary: Hedge Fund vs Fund of Hedge Funds (FoF/FoHF)For entry level and senior levels? I'm currently a summer intern at a FoHF ($6.3b AUM) with a HF arm ($1.5b) but I can't really ask the people around me what their comps are. The HF guys are a lot more flashy with how they spend money and cop a lot of "oh wow a Tesla this time? Got bored of your lam...
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title for hedge fund intern on resumehi guys. having a hedge fund intern coming up. I wonder what is the general title to put on the resume for a hedge fund intern? is it something like hedge fund analyst or investment research intern? thx. ...
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Sightway Capital, a Two Sigma company ? Anyone here know anything about Sightway Capital, a Two Sigma company ? It seems like there's only one analyst there. Please share any info about the firm. Thanks. ...
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Ever Erect Seeking to discern out the**Ever Erect** Seeking to discern out the best exercises and rep stages are essential however not as essential as one precept that paperwork the idea of the muscle increase process. In case you do now not deal with this precept or you forget about it...
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Are "performance coaches" actually a thing?Watching Billions right now and they really seem to be glorifying Wendy. I get that her character adds a lot of interesting dynamics and whatnot, but does her job actually exist for HFs/AMs or even IBs? I've only been at smaller funds thus far but I could imagine that the multi-billion $ funds may ...
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Should I make the move to a multi-manager platform?I have graduated from college for 4 years and am working in a financial center in Asia (think Hong Kong/Singapore/Tokyo). Currently I am an equity research analyst in a fairly large Asian asset manager (>US$1bn, quite large in the context of Asian homegrown managers) and I have been with this firm f...
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Bridgewater - Interview - Macro"Walk me through your entire life," with interruptions probing very specific decisions you made such as why you skipped over elementary school, why did you choose to play that sport or things like that that usually aren't the focus of most interviews. What is your family like, what were formative e...
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Started a Crypto Hedge Fund; Looking for similar minds and to network!I started trading crypto around 1.5 years ago when I was 17, did very solid for myself and paused my education to rent an office space for a crypto hedge fund. At the moment I'm looking for like minded people, traders, anyone just generally interested to network with! I traded privately for friend...
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How to Download CLEAN SEC Filing Tables?One thing I've always found very annoying is that the tables in SEC filings (10-ks, 10-qs, etc.) are very poorly formatted, which makes it hard to plug-and-play in excel. The excel backups you can download from EDGAR aren't really any better. Anyone know of free or paid services that allow you to do...
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BILLIONS - Differences and similaritities between the show and real life.So........ The title says it all. All experienced users are welcome to share their thoughts. Is the legendary Axe Cap an example of how the world's leading hedge funds engage in their day to day activities? ...
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AQR Capital Management - Interview - OperationsNone, everything was within expectation. A lot of behavioural questions, because some of the interviewers are not in the team but within the devision. They want to know if you will be a good fit for them to interact with, rather than focusing on the technical side. Asked CAPM model and simple bond ...
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Phoenix Asset MgtAnyone come across them? Culture, comp, the usual - Came across me screening for value-based shops based in London....
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Saint Elias Cognitive regimen to cease all **Saint Elias** Cognitive regimen to cease all diets. in case you are within the identical boat leaping from one weight-reduction plan to another study directly to truly find out the right manner to lose weight. allow me rephrase that study directly to find out what you need to do to reprogram your ...
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Networking at the UBS Nobel Perspectives conference in NYC tomorrow?Hi forum, Tomorrow there is an economics conference hosted by UBS (Nobel Perspectives Live) in the city and I am invited to go. This might sound stupid: is this a good networking opportunity? There will be 4 laureates in economics but I'm wondering about the split between academics and industry pro...
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U.S. L/S equity funds with offices in LondonWhat fundamental (not trading) U.S. L/S equity shops have an office in London as well? I know Baupost are present there, anyone else?...
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Marathon Asset Management in LondonAnyone has come across them? It is not the US credit shop, but an equities shop in London. Am after usual info on culture, comp, pedigree vs other well known L/S guys. ...
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Bridgewater - Review - GeneralistTruly open and transparent culture. Get to work with interesting people from a wide range of backgrounds. Reasonable working hours.. In Bridgeport CT instead of Greenwich or Stamford, so it is a long commute from NYC. A bit bloated, too many people not contributing to investing....
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Misdemeanor and affects on possible future oppurtunitiesHey guys thanks for all that will take the time to respond! I have a slight problem on my hands as I have received a charge of reckless driving but have not been convicted yet. I am a 19 year old who is only a freshmen at this point and I was wondering what kind of impact could this have on any futu...
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Merger Arbitrage ValuationI understand the investment strategy behind merger arbitrage, but what kind of valuation is factored into a merger arbitrage trade? Is it only researching the proposed risks involved, probabilities (how would you estimate these), and other factors that may affect the deal? Or does valuation of the t...
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Bridgewater - Review - MarketsPeople there generally happy, very good communication and they will always treat employees very fairly. . Not much, I guess it's hard to start there/interview there but once you realize they are looking out for you you start cruising...
Och-Ziff Capital Management Group - Review - Information Technology (IT)Good benefits which include free breakfast and lunch. Relaxing work environment where there is not a lot of stress about timelines. No micromanagment . Not much in terms of career development. I can't see myself doing anything else but working on different projects. Managers manager projects, not t...
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Muzinich & Co. - Info/Thoughts?Was wondering if anyone could give any information on Muzinich & Co. From what I can gather it looks like they're a corporate credit fund that focus on a variety of credit strategies (high yield, long/short, emerging markets, investment grade, private markets, etc.) (no distressed/special sits thoug...
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Master Limited Partnerships - current opportunities profileshi guys, has anyone looked at MLPs recently please? Would love to hear what you think the return profiles and mispriced opportunities there are! thanks!...
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Coatue Management 2nd roundHi, I'm a college sophomore currently interviewing at coatue for a data science position. I had a call with hr and got moved onto the second round which is a hackerrank test. The interviewer did tell me the type of questions to expect, but I was wondering if anybody here had taken such a test before...
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Melody CapitalHey all, Has anyone in the industry heard of or known anything about Melody? Curious to know what perception is given they aren't a typical credit shop....
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Balyasny Asset Management - Interview - Equity ResearchAgain, very casual, no really tricky questions. I think questions around how you think about risk management are always potentially tricky and reveal a lot about a candidates understanding of these roles. We discussed management access and touch points, which are probably a major disadvantage at a...
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Need Help: Names of Hedge Funds that are lending/trading receivables??I’m looking for hedge funds or platform traders that might fit the following profile. Likely credit based. - Trades leveraged receivables/lends to brokers/banks - short term traders. I.e. Benefit from a high velocity of money. - Not a mega firm, AUM ...
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Sohn Conference Networking Hi, I will be attending the Sohn Conference this monday, and I was wondering what the networking scene looks like over there. Just to be clear, I am a high school student who is going on a student scholarship and I was wondering what would be the most effective way to network. I have often found tro...
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HF to IB, back to HF?So I'm a freshman at a semi-target. Copped a HF internship at boutique (1bb AUM) this summer, piked a lot of interest from a VP at a 15-25bb fund for next summer (first is long/short, second is long value only). I'm very interesting in having my career in hedge funds, possibly starting my own one d...
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Bridgewater vs AQR vs Point72Hello there - what is the fundamental difference between Bridgewater, AQR and Point72 besides the AUM? I am more interested in how these 3 funds are fundamentally different and how a potential investor decides to invest in, let's say, Bridgewater vs AQR vs Point72. Thanks!...
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Quants in Private Debt [Corporate Loans, ABS]If you're at a quant shop, do you or your firm deploy automated trading to transact in illiquid private debt [broadly syndicated corporate loans, ? What could be improved on to improve your advantage and how do you compare to others on across the industry? If not and settlement times could be brough...
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The Iceland bet - How some hedge funds made huge moneyHello guys, I'm an Economics graduate from the University of Iceland. I thought I'd share with you some information that I believe has never been made public before, at least not in English. It's a story about some brilliant investments that made a select few hedge funds A LOT of money. This post w...
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Event-Driven Funds - Squeeze-Out litigation in EuropeFellow Monkeys, I'm trying to gather a list of event-driven funds in Europe, especially those taking minority positions in merger targets and then litigating for higher squeeze-out payments (or waiting for others to do so). 1) How would you categorize this? "Activist merger arbitrage" as a sub-s...
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Definition of underlying.Hi, I am studying for my CISI exams coming up In May. I am seeing the word 'underlying' a lot. Please define as this is being talked about massively. Thanks....
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Distressed News - Is Reorg Research worth the price ? Hi Monkeys, I am an analyst at a French turnaround management consultancy company that is currently considering to start a distressed investment practice. My firm is looking at various information solutions on Distressed Debt, and trying hard to understand what's the best solution. Given that we'...
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Sohn Investment Conference NY - Extra TicketHave an extra (transferrable) ticket to the Sohn NYC conference next Monday that I'm looking to sell. Figured that there might be some interest here. Willing to listen to offers, PM me if interested....
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AXE Capital -- Exit OpsWith all the recent news regarding AXE Capital, I was wondering if it's still a good place to work? Obviously it's been a top shop historically, but recently all the bad headlines have made me wonder if joining the firm would be a bad idea. Also, would the exit ops still be good even if I'm traine...
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AQR Capital Management - Interview - Equity ResearchHow to determine optimal portfolio allocation under changing market conditions. How to estimate factor models using large data sets, including derivation of certain estimators. Performance of estimators, and robustness to heteroskedasticity and time series variation in errors. Also asked about struc...
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Large hedge fund analyst compensationWhat do you guys think is a typical/fair compensation for an analyst (say age 28-32) in a large (>5b) established multistrat fund in NYC? What comp level do most people tend to flatten out at (and at what point in their career), assuming they do not become PMs?...
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Coatue management interviewHi has anybody interviewed at coatue? I’m a college soph (rising junior) interviewing at coatue for a data science role. I have an introductory call with a person next week and was wondering if anybody knows what I could be asked...
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Definition of "Hedge Fund Sponsor"We all know what a hedge fund is, but what is the actual definition of a "hedge fund sponsor"? ...
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How good does a top Hedge Fund internship look?wondering what the perception is for having an internship at a celebrated hf (think Greenlight, Elliott, Baupost) in portfolio valuation? might it make breaking in out of undergrad more feasible? also, how about for looking to do SA programs at a BB or EB? TIA...
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SIG Equity ResearchHey guys, Any idea what SIG equity research is like in terms of prestige, respect etc. Also, what kind of exit opportunities are there, I am interested in how SIG would be viewed by other firms. I know it is a very quantitative firm, so that would be a great learning opportunity as well....
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Please critique my equity long pitchGuys, I have a final round at a long-only shop at the end of this week. They are a relatively concentrated bottom-up, fundamental style investor (20 - 40 positions), manage > $50bn and I have been asked to come in and give an elevator style pitch for a long - no longer than 5 minutes to give it. I ...
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BlackRock - Interview - Alternative InvestmentsWhat issues is the industry currently facing today? Describe what a relative value strategy is and what it’s risk profile is compared with other quant equity strategies. How do you assess the risk of a new manager? What questions do you ask a new manager? The weirdest question I was asked is what ...
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KKR Special Situations - LondonGuys, does anyone have any information on KKR's Special Situations team in London. It's part of the Credit team. Any information on work culture, compensation etc would be great....
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Bridgewater -- A Crazy Cult?I recently attended a Bridgewater info session, and while it seemed like a place that hired a lot of smart young people, it also seemed a little bit cultish ('we tell everybody what we think of them every day, including the CEO' etc etc)...which is fine enough I guess...BUT What worried me is that ...
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Two Sigma Investments - Interview - Quantitative ResearchHe asked the questions according to my resume such as why do you use R^2 to indicate the fitness of the regression. Does it mean the higher R^2 the better the model? ...
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Sohn NYCAs Sohn is around the corner: is any HF investor going to attend the conference? Heard that the event is very crowded and wonder, how useful it is from a networking perspective....
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Orbis and Oldfield PartnersAnyone heard of Orbis and Oldfield Partners? They are investment funds. Keen to hear re culture, pedigree vs established hedge funds, comp etc thanks...
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Follow Warren Buffett News on Instagram ! (https://www.instagram.com/warrenbuffettnews/)This instagram posts quotes & news about Warren Buffett and his companies. Our goal is to be the best Warren Buffett news source on Instagram which is why we post the news as it happens. Everything here is human curated, no bots! With ~8 news articles posted per day, and a similar number of quotes, ...
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Sun Capital - Interview - Investment Bankingvirtual function in C++ fair coin, HH or TT will win, chance of winning Let n points be on the circle. The probability that the given n-gon includes the center of the circle. How do you delete a node in BST? There are six cities and two modes of transportation. Each pair of cities is connected...
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Data Analyst or Operations AnalystI received two job offers this week, one from a more well known hedge fund in CT for a data analyst position, and one from a korean asset manager for an operations analyst role in which there's lots of room for lateral/vertical movement within the company. My goal is to eventually get to a research ...
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John Paulson Owes $1 BILLION To The IRSI know you guys saw this go up on the journal. A decade ago, the hedge fund manager bet against the subprime mortgages ahead of the crash and was one of the whale sized winners. He made $15BN for his funds, and took home his own bonus of $4BN. Now, he owes about $1.5BN to the IRS. [quote]By April ...
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Point 72 Asset Management - Interview - N/Athe questions were given ahead of time for the pre recorded video interview - done through the hirevue recording platform - but the intelligence test had some very different questions that I had not seen before but i thought it was very interesting and easy to pick up. make sure you work fast becau...
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Would you quit your Hedge fund gig if your boss has emotional mood swings?If you were an analyst working at a small fund under one PM at a typical L/S equity hedge fund, you were paid pretty good/hours were good and have the potential to get equity in the fund as You progress contingent on performance , but your boss was erratic and goes through cycles of mood swings beca...
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GPA for IR roleSo I was just dinged for an IR role at a fairly large fund ( think Baupost, Elliot, Viking). The headhunter informed that although my experienced matched what they were looking for and I presented well, my GPA was too low. Has anyone else experienced this, your background matches but your GPA bloc...
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If you want to start a Hedge FundA friend of mine who works for a hedge fund incubator in London, they currently have around $500 mil AUM. They can set you up with compliance and all the tools needed, they have a in house accounting team, lawyers and so on. They provide you with the right contracts. But its not like you going to s...
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Starting in Finance when older?Hello, I would like to know of any examples, either from posters on this forum or potentially more famous examples of people beginning in finance, specifically hedge funds, at an older age. The majority of examples I found were quant or systematic types who are phd academics who left to join or sta...
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On the Job With Simple As… My Research ProcessWhen I did my AMA thread a while back I promised at least one person that I would share my general research process. So here you go... Every analyst has his/her own way of conducting due diligence. There certainly is no one correct way to come to an investment decision, however, I’d argue that t...
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JR. Operations Analyst Interview TomorrowHey all, new WSO member here... I have a Junior Operations Analyst interview tomorrow at a relative value/emerging markets hedge fund in Midtown NYC. What types of questions should I be expecting (this is a first round interview that I landed through a high school alumni group) , they are nearing ...
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Bloomberg - Interview - Global MarketsWhy do you want to work in Hong Kong? This was a bit unexpected as I usually never get asked questions about why I wanted to work in a particular city; employers usually assume that you would be able to deal with it. I guess they asked because I was from another country and they suspected that I ma...
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Capital Call: Launched Anti-Phony Innocence Fund IV - Min $5m - No Ivy League bastards; PM me for NDAIf you really want to hear about it, the first thing you'll probably want to know is Caulfield Capital's strategy, and how much we launched with, and how much I got from the friends and family round, and all that David Rubenstein kind of crap, but I don't feel like going into it if you want to know ...
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Value-based US equity funds with strong track recordAm based in London, so less familiar with the U.S. market apart from the large guys a la Baupost, Pzena etc. What other shops are strong performing (across the cycle) funds with a value-based strategy in equities? ...
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Should I get a JDBackground: I'm currently at a multi-strat shop (coming up on 3 years here after 4 in banking) and have been looking at a lot more distressed debt situations. It feels like a space I want to continue to grow my skills in. Education: I have a dual degree in Computer Science and Business Administrati...
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HF Interview hear back timelineI had a hf final round interview with the fund owner. I was sick, super tired and nervous, therefore just did a ok interview (maybe worse than that). However, I provided my research portfolio (not very related, pure equity alpha and systematic portfolio strategies research). I can tell he was kind o...
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Equity vs. Credit funds?How average, who usually makes more? Analyst at L/S credit or equity funds? Thoughts?...
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CFA level 2 materialAnyone on WSO have CFA L2 material (exams, outlines, summaries, LOS overviews, online flashcards, etc.) that I could use for the exam? I am sitting for the exam in NYC - done with one read-through and plan to start practicing questions now until exam day....
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DE Shaw vs Two Sigma vs Citadel Offer AdviceJunior undergraduate at top school (think HYP) studying quantitative field. I've been fortunate enough to land summer offers with DE Shaw (trading), Two Sigma (quant research), and Citadel (itap - investment and trading associate program). I'm hoping to make a decision in the next two weeks. Could a...
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11Honoré and Precious Lee Are Here to Disrupt the High-End Fashion WorldThe fashion industry has always been exclusive—but even more so if you happened to be above a size 10 or 12. If you've ever eyed a runway look for next season’s wardrobe, chances are the brand wouldn’t make it in your size, unless you went straight to the designer for a custom-made dress. But...
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comp at point72?anyone know what comp is like for junior level for research analysts in their first few years? or vs the industry standard?...
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The Vulture InvestorsAnyone have a pdf of the book, or know where I can get one cheaply ? the ebook is ~ $30 on Amazon......
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IMC Financial Markets - Interview - N/AGiven a market on the populations of two countries, how would I transact (buy/sell)? Lots of coin flipping questions. Some mental math. Various brain teasers. If I go to a casino and I have $1000 to spend, and I get an extra $200 if I participate in at least $2000 of bets (think roulette without the...
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Patriot Power Greens two easy sugars**Patriot Power Greens** two easy sugars referred to as glucose and fructose. Sweeteners like desk sugar and high fructose corn syrup are a mixture of each types. culmination comprise a aggregate of fructose glucose and sucrose. while eaten in big...
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Star-up HF over a large HF from an MBA perspective?I am currently working as a 1st year analyst for a Hedge Fund in Asia that currently manages an AUM of $500Mn, exclusively investing into Asia (prior experience in IB). I am thinking of joining a small shop which is just about to launch (hedge fund) that will raise anywhere between $50Mn to $100mn. ...
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Prestige of P72How prestigious is point72 in the HF community? Just curious, as I've been reading about them a lot more in the news in the past few months....
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