Anyone familiar with the group? Any idea how the compensation(analyst, associate, md level) compares to traditional banking and sales and trading?
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thats what ive heard.
.
any real answers?
answer idiot
I'm pretty sure he's spot on or very close with those numbers. I know a guy who got into that group from Carnegie Mellon (his dad has a lot of pull), he told me collected around $200K all in, the fund was doing great last year until about August when they suffered some big losses. I think they had a 33% return last year but I'm not totally sure.
You guys do realize that HFS is the fund of funds division of GS Asset Management, right? If so, thats higher than I thought those guys made as analysts...but sweet though.
link: http://www2.goldmansachs.com/careers/inside_goldman_sachs/business_snap…
Seanc, I am pretty sure CMU is a target for the group at GS. Basically they hire CS and Computational Finance geniuses, not the typical Wharton undergrad type. They run a fund known as Global Alpha, that until recently had 30% returns year after year.
go pickup the latest edition of Bloomberg Markets. Lloyd is on the cover and there is a huge section on the Global Alpha fund.
This would be a heck of a group to get into out of undergrad.
Very demanding level of work. financial engineering preferred. Sophisticated financial modeling and an impeccable eye for market detail, or an incredible amount of good luck. Also need a personality that is able to move mountains.
It really is... why do u need all that in a fund of funds??? All FoFs do is look at performance of other HFs in the street... and try to ensure u get a rtrn + skim for urself. The only mountain is the one ur plane flew over last time u went skiing!
that is able to move mountains........can you elaborate on why that would be needed?
Goldman Sachs Hedge Fund Strategies (Originally Posted: 02/24/2010)
Just out of curiosity, what's the deal with this group? It sounds like they're just a FoFs, but I heard it's a very hard group to get into and they pay very well?
I know a sophomore who's summering with them...
edit*: mixed up groups. yes this group is just a huge FoF. It's meant to be a lower risk way to get private wealth/institutional clients into hedge funds. didn't seem very exciting to me really, but who knows.
ur a sophomore interning at GS hedge fund strategies? Im curious about how u got it
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