Hedge Fund Internship (sophomore year)?
I have an interview for a virtual HF internship at a firm with ~350 million AUM. I exclusively networked for this opp, as my finance internship at F500 company was canceled. To be quite honest, I am not too familiar with HF function (of course, I will do my due diligence leading up to the interview). I'm currently recruiting for 2021 IB internships as a rising junior and am wondering what to expect from this interview? Just as well, would this position me well on the experience side, particularly in regards to recruiting? I'm aware that ugrad HF work isn't really run of the mill...
All insights appreciated!
***also to clarify, I have not held any IB experience yet
bump?
what type of a fund is it? regardless... you're a sophomore and this a virtual internship at a HF? I wouldn't expect the interviewers to ask you anything out of the norm. Just prepare for basic technicals, have good answers for why HF, why investing, why the fund's specific strategy, etc. and you should be fine. I doubt anyone will ask a sophomore for stock pitches but at least have a good idea of how the markets are doing and what's going on, you might be quizzed on that
Just seeing this now -- it is a L/S; I did the interview and felt that it was a bit intense. If I had not prepped as rigorously, I definitely would have been screwed. I prepped for worst case and I think I landed worse case haha. They asked me to essentially pitch a long and short, details to their 13F and my personal opinions regarding investment decisions/consistency... they asked a *ton* of market questions regarding COVID-19 and surprisingly some deeper questions into valuation multiples, with hypothetical situations that are "off the guide" type. I feel that they only marginally cut me some slack given my status as a sophomore, but it was still leagues ahead from what I had expected. I got the gig though; thank goodness I prepped 12+ hours for it! So some future advice for undergrads in similar situations: better be safe than sorry!
Thanks for your advice!
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