hedge fund interview questions

hello fellow monkeys
i am in need of your help

as a 3rd year student looking to break into the scene with a summer internship at a hedge fund, what are some ways that i can prepare for a hedge fund interview?

and what are some of the sure ways to tell if the manager is interested in hiring you at the end of the interview?
eg, how should i read, "we are going to make a quick decision" or "we will talk it over and see (ie, not quick decision)"

 
Best Response

I just had one 4 hours ago, so I may be able to provide some insight (I'm also a 3rd year). Today's was completely fit with basic accounting questions, like the calculation of FCF. However the one I had last week was much more rigorous and included a 73 page report for me to go over and answer questions about.

It really depends on: 1. Culture of the fund 2. Strategy of the fund 3. Your Interviewer

I currently work at a small hedge fund and have developed a significant understanding of the industry and trends which was a significant asset. You should definitely read up on the hedge fund, understand it's strategy and the role you play in facilitating it. In general know your basic accounting and read up on current news. I'm not going to answer your last couple questions because they are completely subjective. Do your best and try your hardest, after that it's out of your hands.

Take a deep breath, keep your composure, and deliver your answers with confidence.

PM me if you have any specific questions, I'll do my best to help out.

 
Determined:
I just had one 4 hours ago, so I may be able to provide some insight (I'm also a 3rd year). Today's was completely fit with basic accounting questions, like the calculation of FCF. However the one I had last week was much more rigorous and included a 73 page report for me to go over and answer questions about.

It really depends on: 1. Culture of the fund 2. Strategy of the fund 3. Your Interviewer

I currently work at a small hedge fund and have developed a significant understanding of the industry and trends which was a significant asset. You should definitely read up on the hedge fund, understand it's strategy and the role you play in facilitating it. In general know your basic accounting and read up on current news. I'm not going to answer your last couple questions because they are completely subjective. Do your best and try your hardest, after that it's out of your hands.

Take a deep breath, keep your composure, and deliver your answers with confidence.

PM me if you have any specific questions, I'll do my best to help out.

hey determined, thanks a lot for your feedback.. it seems like your interview is way tougher than mine i had 2 last week, and none of those were extremely technical, only one interview did they ask me how to calculate unlevered FCF, some general questions on WACC, and the other one is purely behavioral/casual chatting...

nowww i got 2 more questions heres, 1) if you get offered a position at a hedge fund, and you are unsure about taking the offer (b/c it is not your top hedge fund pick) what do you say if u are in person or by email? 2) would it be better to intern for a smaller fund manager, eg, AUM

 

My interview questions include thoughts and analysis on industry and current market trends. Also includes questions about drivers of companies in differeny industries, their curstomer psychology and their business strategy.

Agree with above that it depends on fund strategy, I interviewed with a L/S equity deep fundamental value fund, so a lot of questions about value investing/ value investor vs market psychology.

I have some corporate finance internship/education, so i didn't get many questions on accounting and corp fin.

 

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