I was wondering whether someone could shed some light on the selection process of hedge fund managers? As I'm about to apply for an entry-level position at an alternative asset manager in Europe, I'm particularly interested in the qualitative and quantitative aspects of the selection process.
Few words regarding my background: currently studying towards a Phd degree in finance with a research focus on empirical asset pricing (factor investing, construction of multifactor portfolios, etc.). Despite the fact that I don't have any practical experience when it comes to manager selection, I have an idea what to look for in terms of quantitative performance analysis.
Nevertheless, I would love to hear some insights from an industry professional. Thanks!