Ask a preftigious HF principal anything
Mod Note (Andy): by homepaging this we're not endorsing that this user actually is a HF principal. Just read through it and thought some of the comments are worth a laugh or two, enjoy
Always wanted to do one of these.
My background
- Graduated summa from one of HYPSW
- Spent 2 years in a very preftigious group at GS/MS/BX
- Moved to my current fund sometime between 2005 and 2008
- Been at the fund since
Fund is well known and mentioned in all your "top HF / which HF would you work at" type threads.
Ask away.
What caliber of internships did you have during your undergrad that lead to the prestigious group?
Have you considered leaving the world of finance throughout your career?
Do you like your job? I'm asking you this because in any other situation it wouldn't be acceptable
What do you enjoy most/least about your current position/workplace?
If you could've done something differently earlier on in your career, what would it be?
What strategy are you in? How did you successfully make the transition from analyst to portfolio manager? Much appreciated.
What is the educational attainment and economic status of your parents?
Why don't you have a WSO star?
How has your success been with the ladies?
Lol
BlackHat is now PM at his fund? Damn, someone create an extra troll-only questions topic for him.
I'll field those all day
how quickly would you get fired if your fund found out about your wonderful online persona
Just wanted to note that this has the potential for an absolutely epic thread.
hahaha, this thread is funny. please maneuver tactfully, so they can put your thread on the front page. The four users above me are funnier. Ask about the parents' background? killed it.
"Graduated summa from one of HYPSW" 100% sure you graduated from either S or W, otherwise you would have just said HYP
Then who are you trying to fool? Also, for anyone who claims from HYP, I know is certainly not from H. People like to include H in whatever catagory they are in. Take the words from a former Havard reject.
How do you hedge your dates flaking? What's your therapists name? Where in Connecticut do you live?
Nice try on q two, brother
Have you heard of Lumina Investments?
Too good.
How tough to lateral from S&T to HF
Who taught you how to spell prestigious?
why do you continue to misspell "preStigious"? "preftigious" isn't a word, brother
why do you continue to misspell "preStigious"? "preftigious" isn't a word, brother
Also why is this in the i bank subforum, not the hedge fun one..?
Seriously, this HYPSW s...tuff isn't all its cracked up to be. If you're in the top 50% of applicants on SAT scores, top 50% on grades, and top 50% on personals, it's a fricking lottery. I say that as a YP grad student who first got rejected from the very same school he attends.
Life is about what you produce and the values you hold, not your prestige*.
*: Unless you work in academia or in IBD at a Wall Street bank.
A Harvard student doesn't always want to give away the fact that he is a Harvard student, though. There is some ambiguity there.My favorite thing is that even within these schools, we need ranking and classification systems. We need to classify people by major, by secret society and/or eating club and/or fraternity, by whether they're a PhD in Mathematics or an International Econ student. Elite is never good enough on the prestige scale for people. There is always more. The guys with a Nobel Prize are jealous of the guys with two Nobel prizes.
And it's the same way with money and power as it is with prestige. People are always comparing themselves against others and wanting more.
I think the seven kindest words in the English language- to oneself and to others- are "I am content with what I have". You can follow that, if you'd like by saying "I have everything I need and much of what I want. I have a roof over my head, I have food on the table. I have the use of all four limbs. I have at least a little free time today. Some people have more than me, but I have enough."
Hear, hear! Very true and healthy perspective. The industry and many of us could use more of this sanity check. The paradoxical thing is that, for many , the more they have the less they recognise this.
Most valuable asset for me at the moment: time. " And time, is a string of pearls"
How tall are you?
Do you frequent xoxo? I'm guessing so given how you use phrases like "preftigious" and "brother"
Also, what made you go for HF or PE?
Did not want to do PE. Thought working at a HF would be more intellectually stimulating. Lol jk, I did it for the money.
I always use HYPMSCW.
I am going to leave the C ambiguous- it might be Cornell, Chicago, Columbia, or CMU.
Also anyone who thinks someone who uses the phrase HYPSW goes to Stanford doesn't know any engineers or quantitative types from that school. Again, there are smart people anywhere, but if it were possible to compare the engineers at Stanford to the engineers at HYP and have a winner, the engineers at Stanford might just win (only to face a tough challenge from MIT, IIT (India), and Berkeley.)
IP, no love for CalTech?
Since your identity is well protected, would you mind sharing your take home income for the last year (or some sort of range)? Most data points on WSO are for banking or more junior positions on the buyside, would be interested to know how much someone who "kills it" in a preftigious buyside gig nets before PM level.
Cheers for that.
So you say you're in it for the money, would you trade places with someone less preftigious but making more (high school drop-out owner of several car dealerships, 30 year old from non-target at Glencore at the listing etc)?
if i were to go to GS / MS / RBS / JPM / BX could i get into H / P / Y with a CFA and great ECs so that i could work at KKR / TPG / ATY / BX / HLHZ / SAC, and will i need to know how to calculate FFO / CFO / EBITDA / NI / EBITDAR / IRR or just know DCF / MOM / FIG?
Congratulations on the preftigious thread preftige brother.
What's your top 15 most preftigious l/s funds?
Why are you so preftigious?
Ok, so OP was raised by Pumas who had really bad lifps; that's why he misspells prestige. Got it.
It's a dumb meme he got from another message board. Worst troll I've seen in a while.
how old are you?
what watch do you wear?
how many days/year do you fly with an aeroplane?
what do you do in your free time?
why hiding so much if its anonymous?
Answers in bold
lame answers, desmond
If you are a principal, do you get a non-discretionary payout, ie the capital sleeve you are pseudo-responsible for is 400mm, its up 20% generating 16mm in incentive fees, and you get 5-10% of that?
Please provide a ranking of the 5bn+ value funds in terms of preftige.
Reply in bold
Curious as well, NewGuy.
Also curious if anyone is aware of any value funds outside of Greenlight, Pershing, and Baupost. Seems like no. Or are those the only three in existence perhaps?
Omega is a famous one, Fairholme, Kynikos, Owl Creek, Third Avenue - there are a ton, there also value driven PMs at many of the key funds
Did you work in IBD or S&T before moving to the HF? Any recommendations for students who fail to land interviews/offers at BB's?
No more shenanigans, no more tomfoolery, no more Ballyhoo. What's your favorite color?
Lol 180. Bastard.
Dumb question. Plenty of recommended reading lists in old threads. Best thing one can offer you is an opportunity to prove yourself. It doesn't come often but when it does, your prior preperation will be the difference between failure and preftige.Read as much as you can. There really is an incredible library of information online. And do all your reading before you start your analyst programme because you won't have time once you get there.
Why is my question dumb?
This guy is clearly an XOXO troll. Don't bother asking any real questions.
Bonjour ! I'm a French model and NewGuy works in finance.
NewGuy,
Thank you.
Да, у меня большой день в этом сумасшедшем доме. Yu good on Russian also, buddy ?
Could I still work for a hedge fund with an engineering undergraduate degree?
180 use of "pumo," "brother," and "preftigious."
What percentage of your time at work do you spend "poasting?" Also, is this your alter-ego: ,.,...,,,..,,.,.,,,.,,,....,. ?
Ty ty
I don't post on xoxo....way too dangerous. Just been lurking for years. Scared some aspie (Doobs) will go through my poast history and somehow out me. Only post on this bort.
what are the rest of you alter egos like? does one of them like to sniff your grandma's panties? thanks
What tips would you give to a current student who just wants to get better and better at investing? Any specific reading list, etc..?
Looking back, what advice do you wish someone had given you concerning investing?
Thanks
are you hulk hogan, brother?
This kind of thread brings back memory of the good ole days on WSO. Throwing a box of viagras to the monkeys. Unfortunately, yours is just a weak attempt. I'm bored already and before I leave, here is my question for ya: What happened lately that hurt your ego so bad to make you show off here like a jackass?
Must be HBS with that swag. The bishes meltin'... BROTHER.
(Ugly unhinged shrew still MAF about her HYPSW rejections)
How does it feel to be a female incapable of attracting attention on a website filled with monkeys?
I am sorry that I am late to the thred. Have you gotten bonus in the past several years? What are your fund's redemptions? How far below your watermark are you?
NewGuy -- congrats on finding something that you seem to really enjoy doing. did you go to a liberal arts (non-finance) undergrad school? assuming that you started out in banking, how did you find the transition from banking to HF? what was the ramp-up / switch like and what convinced you to keep going in a presumably challenging environment in the first couple months / year at your current firm? thanks!
Ty brother. Not saying anymore than that I went to HYPSW. I've probably given more specific info in one of my old posts on WSO but would rather not do so in this thread.
Steepness of my learning surve in the first 6 months on the buyside was similar to the curve in my first 6 months of banking. The biggest difficulty was trying to navigate through the BS the sellside feeds you (in reports, IMs etc) but once I got there, things started to click. I've also had to look at some distressed situations so reading legal documents was a new skill I had to learn very quickly.
Enjoyment of the work made going on very easy.
Question: Why does everyone say "preftige"? Am I missing something here?
Do you live under a rock? Preftige is the spelling used among those in high finance, brother.
If you're here, who's running hell?
Yes I guess I live under a rock, because I just don't understand why its called that way. Is there an actual reasoning for it or is it just random?
Sorry I'm late to the party, amigo. Marvelous thread you have here. It's just admirable the charity you're doing here by giving away your treasure chest of knowledge of high finance and preftige for free. On the other hand, it's also a little cruel though- to tempt these plebeians with a glimpse of a world that's just beyond their soot stained fingertips.
Couple quick q's for you amigo:
1) What do you love most about yourself? That you bask in the preftige of working at an ultra preftigious HF/PE shop? Your large sums of wealth? That you're so much better than everyone else in every way? I myself struggle to answer this, truly a challenging question.
2) How do resist the urge to vomit a little in your mouth when you encounter such pathetic excuses for human beings that have no chance of ever making it inside an ultra preftigious HF/PE shop unless they're mopping the floor? Me personally I try to divert my mind by thinking of happier things, like the glorious success of my banking days, but I'm curious to hear your technique.
3) How big is your penis? And by big, I mean both length and girth. I got an 8-incher myself, and it's also pretty girthy. I won't think less of you if you're not quite as endowed, but I always like to get a sense as to where I stand in this department with men of my class and status.
Pete! Your eloquence puts me to shame, brother.
1) My face. It's literally a 8.5/10 which, combined with my wealth and career preftige, easily puts me in the top 0.0001% of males in Murica.
2) I just remind myself that without them, my preftige would not be preftigious.
3) 7.5 inches after my penis reduction surgery. It's much more managable now and I've never been happier.
excellent -- that's what I suspected / great to hear that you got through that and are still enjoying things.
serious question here: what resource / fund manager / book has had the most impact on your investment process / style or simply the most thought provoking?
less serious: are you a memember at Tramp? If not, my prestige > yours
2 - Nope. I'm not a flashy guy, brother.
@Oreos What's so great about TRAMP ? Do you get a kick out of paying £ 40 for a Cuban cigar ? Or are you dying to bump into Paris Hilton so much ? I wouldn't go in there if it was 100% free.
NewGuy: When are you setting out on your own? Just about all of the "preftigious" value funds have seeding programs (Greenlight Masters, the entire Tiger network, etc) or the senior guys have enough connections where they can just set up shop on their own (Greenspan left Blue Ridge and raised $1bn before launching Slate Path).
When are we going to see Preftigious Capital Management at the top of the Bloomberg 100 rankings?
Would like to see a few credit/economic cycles before branching out on my own. Perhaps in 4 to 5 years, brother.
Were you the bully or the bullied growing up?
Were you at the last Carbon party? How often do you frequent Provocateur?
What kind of jet do you use to fly to St Barth's for NYE, and were you at Gaddafi's party 2 years ago?
Jokes aside, I'm kind of serious...
u sound legit
Do you drive your own car?
Did Tommy take home the girl you tried to chat up on Saturday?
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