Hedge fund interview - Looking to get into IB

I have a finance interview with a small hedge fund (Alternative Asset Investment Management LLC) for an internship and I am a sophomore. The intern responsibilities listed were mainly supportive functions such as, research, maintaining records, and creating presentations. I am looking to get into IB and have no finance experience right now so I am hoping to use this internship as leverage to get a SA position next summer at a BB. What kind of questions should I expect to be asked? A lot of finance questions? I'm not sure if there's a second round as well, so what should I prepare for? I really need to land this seeing as I've only got one other interview and being a sophomore, getting an internship is pretty tough.

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Best Response

Ok sorry, actual advice. From what you said, it sounds like they aren't expecting you to do to much financial analysis (although that doesn't mean you can't convince them to give you some of that work if you show you're capable). In that case, it might be largely behavioral. Just to be sure you're prepared going in, have a general idea about the firm (or at least pertinent questions for them if there is no info - Strategy? Assets Under Management?) Obviously understand the major facets of typical hedge fund strategies (shorting securities, leverage, maybe derivatives). Also be able to talk about the market, and perhaps talk about a few stocks you like and why you like them (sources: Barrons, Motely Fool). Good luck. There's lots of material on this site about HF interviews if you need more info.

 

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