Hedge Fund Recruitment
Hello everyone,
I'm a graduate seeking a job in London. For several reasons that don't really matter at the moment, my plan was to start as a trader at an investment bank and then move to some hedge funds after a few years, like many do. Recently, I'm also considering trying to apply to hedge funds directly. This preamble was just to say that I don't know much about how hedge fund recruitment works exactly, so my apologies if my questions sound silly or obvious.
-
My understanding is that, unlike banks, not every hedge fund hires graduates. If this information is correct, could anyone provide a list (on a website or whatever) of hedge funds that do hire graduates?
-
Because hedge funds are small private firms, I've seen that they don't have graduate programs where one can easily apply through their websites. What's the best way to find jobs and apply then? Should I try to reach out to headhunters directly? Should I use job boards (e.g. efinancial careers)? Is there some better way to do it?
-
Can anyone suggest some up-to-date/complete job board? Any suggestions on how to better reach out to HHs?
Thank you very much.
I think you'll find this thread helpful, https://www.wallstreetoasis.com/forums/my-guide-on-how-to-get-a-hedge-f…
Best way into HF? (Originally Posted: 03/31/2017)
Hi, I am currently in my last year of an MSc. at a target university. I gained some (limited) working experience in Asset Management parallel to university and the goal is to get a job at a HF as soon as possible. However, getting one of those desired HF jobs is much harder than I initially thought and many high profile HF managers (e.g. Baupost, Third Point) stated their preference for junior bankers because of the IB training. I would be grateful if someone could advise me on the following questions:
Which IB divison would be the most helpful? My guess would have been equity research but I read that M&A is more desired because of modelling skills.
Another option would be to apply to boutique asset managers but I am wondering if HF looks for the specific skills from junior bankers instead of those from boutique AM.
And finally, which firm would be the most helpful for jumping to the buyside?
Thank you in advance.
Bump
Could you name the University, and possibly the program?
Best route to HF (Originally Posted: 11/28/2017)
If one was looking to move into doing Equity Research for a hedge fund at some point in the future. Would it be better to start out doing buy-side research at a F200 financial/insurance company or doing MM sell-side Equity Research?
Hey alfonso.moscato, I'm the WSO Monkey Bot and I am sad to say, but this thread is lonely, so thought I'd post in here to try and help out. Some potential topics that might help:
More suggestions...
You're welcome.
London PE/HF Recruiting (Originally Posted: 05/10/2010)
I will be starting as an analyst at a London BB this fall. I went to school in the UK, but am originally from the states. My general impression is that PE and HF recruiting is much less formal in the UK than in the US. Is this correct? Can anyone provide guidance on this, and if I do want to go to PE, how to do so? Also, if I want to go from London to a US HF or PE firm, is this feasible?
Thanks
You can definitely get some good feedback from 2nd year Analysts once you start work.
Would rather not ask around the office.
Oxbridge
both at the same time?
-Harvard/Yale/Princeton grad
I'd rather avoid specificity.
Can someone simply answer the question? That would be appreciated.
You would rather avoid specificity, as if knowing which one of the two will make any difference? If you really wanted to be super secret, you should have said you attended a Russell Group Uni.
As for your question, I have absolutely no idea! Or maybe I do, but I'd rather not disclose that information over the internet.
Perhaps you should ask people on thestudentroom.com
I don’t know for the megafunds, but here is what I know for the middle markets:
So considering you haven’t started as an analyst yet, focus on learning a lot and working on interesting deals for now. If you still want to work in PE after some time, call a few recruiters if you haven’t been called.
.
yes, it's true. PE and HF recruiting on much less formal. there's no rigid timeline like there is in the US. various shops will recruit when they feel like and you don't really "miss the boat" just because you don't have an offer by the end of your 1st year. interview structure will also vary a lot from fund to fund. a lot of intros is also through connections, not necessarily headhunters. this means you should network and talk to headhunters, and keep a regular dialogue so you're aware of any positions becoming available. generally though, recruiting is much later than in the US. you probably don't have to worry about actually interviewing until well into your second year (this is true even for some/many of the megafunds)
Thanks, much appreciated.
Transitioning into a Hedge Fund (Originally Posted: 04/20/2016)
Hey guys, I currently work at a Fund Admin and do operations work for bank debt. I've been here for about a year and am currently trying to get into the Hedge Fund side. I've been talking with a few recruiters, and they keep telling me about opportunities they have open. I haven't heard back from them yet. Is there anything you can recommend me to do? What kind of role could i get into? I don't want to be marked as a fund admin guy. Appreciate any input here and don't be afraid to be honest with me!
Call a spade a spade... You are a fund admin guy.
So there is no transitioning to a HF, even though I am only 23 and have 1 year at a fund admin?
cool
Do you count in house fund admin as moving to a HF?
Well, do you? I do not want to be stuck at a fund admin company. I would not mind moving to the HF side and doing the ops/admin work in house
yeah its still a great job. i'm quite tight with our ops/admin guys. just saying that you'd still be the "fund admin" guy, just in house.
Oh yeah, I was aware of that. An "in house fund admin" is certainly better then out of house in my eyes. I wanted to get my foot in the door somewhere so I took my current job and now learned everything there is. Now looking to make a move.
Sorry lol... dont know why that post moved down. I edited it to correct a typo.
Best way to HF? (Originally Posted: 12/30/2017)
Hi everyone! Well, im studying Mechanical Engineering (2nd year), but i dont really like it. I consider doing a MS in Finance when i graduate. I have three questions:
Whats the best way to a HF? I have heard that i should pass from M&A, ER or S&T first. Is that true? Which is the best one for a HF career then?
Are MO roles (risk, ops etc) tranferable in the buy side?
Is a HF a good place to be atm and in the near future?
Thank you in advance! Ignore any mistakes...
Hey AvengerM4, I'm the WSO Monkey Bot...do any of these help:
If we're lucky, the following users may have something to say: ArthurPenn d7aug Keepswapping
You're welcome.
Interested as well.
That one connect to get into hedge funds...? (Originally Posted: 08/23/2013)
quick rundown on my stats...
very non target undergrad... poor gpa... marketing... very non target MS-FIN program right after college (i'm 24 now)... one year left... 3.8 gpa (turned it around!)
so I'm in a leadership program at my school. It pairs us up with mentors. I told my mentor of my plans to go into high level investments, and he says "hold on... let me give you this guy's number"
I ended up having a conversation with the guy. He went a very non traditional way. LIved in New York and ended up coming across a very highly ranked employee of the global fund. The highly ranked employee cashed out his equity in the company (early 2000s) and let my guy come and watch him trade for a year and a half from home after wards.
So my guy transferred down to the south to a very non target school. Sent his resume out to a ton of people, and ended up getting right onto a hedge fund out of a non target b/c he threw the highly ranked guy's name around.
Now, my guy just recently spun off his own fund and will start doing his own thing next week. We work in the same downtown area. He told me to come by anytime and that I could learn from him... I let him know that b/c i'm from a non target, it will be extremely tough to break into IB and get into HF that traditional route.
He agreed, but said its not standard, and that knowledge beats a school if you actually know and seen what's going on.
Is this a potential connect? I dont want to come off as too eager, but I feel like this is a networking link that everyone talks aobut. To be real, I just want to be able to get in b/c w/ smaller funds, you have your hands in more things as opposed to a large corporation.
i dont want a job from him... just knowledge and hopefully help get past the veil of schools and into an interview. I hear that HF is like a frat... once you're in, you're in.
What do you think?
I guess I'm asking what's the best WAY to turn this into something worthwhile. Again, I'm not trying to come out and ask the guy for a job.
A friend of mine told me to just lay low and keep contact with him for a year until he gets other investors and it gets to a point where he has to higher people... Then from there, casually throw it out there that you're willing to join.
redacted
Typos on a message board shouldn't get criticized! lol
I think the part i'm most concerned about is how often I should reach out to him. I'm thinking its just my own lesson to feel my way through the communication...
Vagabond85 gave you a lot of good advice.
Also, your English problems are not typos. Your grammar is awful; despite being an ESL, it is important for you to focus on communication skills.
This guy is obviously your best shot at a HF. He has offered you an opportunity (probably for his friend that connected you, but you're too socially-idiotic to realize this), but you're acting holier than thou.
The larger shops won't touch you with a ten-foot pole. Good luck, buddy...
^^^
normally super insulting WSO response... thanks bro...
:)
Seven words, yet still incorrect grammar. You're welcome, bro.
1) If possible, find out his fund's strategy (or his former fund's) 2) Spend the next 2-3 weeks researching hedge fund basics, his specific strategy, and current events. Depending on his strategy find relevant books. For example, if he is a value guy start with Ben Graham and Buffett. 3) Send him an email and set up a lunch or meeting in his office. Be prepared to express your interest in the field by referencing the books you read, an interesting current even or investment opportunity, etc. Yhen be assertive and ask if he would be willing to hire you as an analyst for an unpaid internship with the opportunity for a FT position.
Good luck.
Guy strolls in asking some nonsensical incoherent question. Gets shat on by finance forum regulars whose intentions are far from altruistic.
...Just another day in paradise
My advice based off how you have conveyed your position would be to not worry as much about finding a way to utilize your industry contact as source for breaking into a hedge fund or investment bank. I could be wrong, but it doesn't seem like you know what kind of fund, in terms of strategy, you even want to work for (l/s equity, event driven, convertible arbitrage, market neutral?) as well as what you want to do at hedge fund for that matter(trading/research/operations/risk/marketing). If I'm right, my best advice would be to do some "sole searching" if you will and figure out what it is you want to be doing and for what kind of fund, otherwise, you might run into some serious road blocks when you eventually land an interview.
By the way, I'm not trying to hate on you, I was the same way at one point in my life, but I eventually put the breaks on worrying about how to utilize contacts and instead focused on what it was I actually wanted to do. Long story short I ended up at a small fund 2 months out of college even though I had a standard econ degree and shit GPA from a completely non target liberal arts school. Did some of my contacts help? Yes. However, they can only get you so far until you need to sell yourself, unless of course your daddy is best friends with "so and so"- you get my point.
One last thing, I wouldn't assume all hedge funds are like "frats" and "once your in, your in". The latter couldn't be farther from the truth. If you do get an offer, but you don't perform up to expectations or you piss off the wrong person you're flat out gone. I will say though based off my experiences working for a fund thus far, there is definitely a collegiate atmosphere in terms of dialogue amongst colleagues and to some extent the MD's as well but in reality its all business and if you don't get your shit done or don't do it right, then it can turn pretty ugly. On a side note, my firm usually goes out once a week for drinks after the work day is over and its pretty chill, I want to say that's the most "frat" like aspect of working for fund that I've experienced.
@quixot.... (all those letter): thanks man. I've been doing some extensive research so that I can learn to talk the language, and not ask dumb questions like "how much money do you make?" or "how cool is your job"
i'm currenlty working in corporate finance, and there is a ton of downtime, so i spend my time trying to read up on different strategies on funds, how they go about doing things, etc. in hopes of finding a nich... maybe to add value, give insight, etc...
@going concern: lol. no worries. i know plenty of guys that are internet 6'4", 250 lbs black belt martial artists but cower in the presence of actual human beings when they're pasty, weak confidence-lacking personalities are pulled to the forefront of reality.
I still pull the tidbit of info out of everyone's post, regardless of how arrogant and high and mighty they try to come off as... just reeling from the high of a sarcastic, witty putdown brings arousal to these cats. lol
just b/c i address it doesnt me I'm ignoring it. but it wouldnt be right if i didnt atleast come w/ a comeback?
waits for someone to try and parallel that to working, as if i talk on here the same way i do at work ...
bro.
:)
The above comments have nothing to do with the exact nuances and semantics of your grammar. It is simply hard to help someone who cannot coherently express what they are trying to say, as you have failed to do. It is honestly very hard to even understand what you are saying, and if you are willing to submit yourself to the advice of this forum, then you should at least have the humility to accept some of this simple advice and not argue with people who actually work in the industry that you are trying to break into. Your attitude is indicative of your character, which IMO wouldn't be someone I'd be to keen on helping. Food for thought.
However, you should be very happy that you have made such a good connection and would be a very good idea to follow up with them. At this stage in your career (which I gather is early), you really aren't going to be adding much "value" to anything. Just focus on learning the basics and showing that you have the potential to add value someday, and are eager to learn/contribute your time to this avenue.
^^^ no one is arguing. I said i'm taking information from it and using it.
and a forum w/ 5 posts on an internet forum in which i rarely visit reflects my character as a person?
24 years of living and my character is summed up in 5 posts. makes sense.
and the "communication" argument is getting tired. I've made it through my entire life without people saying i'm having trouble "expressing" my self... also, i've been on several forums with people with similar levels of experience, but significantly less levels of douchiness (not you, but all around), and it was never "criticized."
it was said,addressed, and yet, posts are still coming in on it. go figure.
to your second point, I'm defintely going to try and touch base atleast a few times a month. hopefully it can evolve into something more consistent.
and you're right about the value adding portion. I guess i was being starry eyed! i am just eager to show worthiness, i guess.
Breaking into HF (Originally Posted: 12/28/2011)
I have no experience in the financial industry. I have a degree in physics from a leading science school on the west coast. I graduated two years ago, having since been in the Peace Corps.
As I gradually began actively managing my own money, several years ago, I began to educate myself, realize just how much I loved doing the stock analysis, and even begin to dream of a career in finance as a buy-side analyst. More research. Hedge funds look like the ideal place for me given my interests, technical background, and personality.
Given that all I have going for me is a strong interest, degree in physics from a top college, and personal investing experience, is there any way that I can translate this into a financial career that will, hopefully sooner rather than later, put me on a road to a hedge fund? Network like crazy, of course, but how do I begin to get marketable experience?
Any advice would be much appreciated.
Going back and getting an MBA from a top tier school is your only realistic route to break into such a competitive industry... That being said your experience sounds impressive, best of luck.
Your experience in the peace corps and a degree in physics from a top West Coast school would be a great set-up for MBA admissions. If you don't want to go the MBA route, networking with local or regional hedge funds would be your best bet.
You seem to have several of the components for such a strong application that I imagine you're essentially a lock at MBA business schools">M7 programs. Get your MBA and enjoy the recruiting opportunities.
Thanks for the advice. It would appear I have my work cut out for me. Getting an MBA has been on my radar for a time now, so I appreciate having it affirmed.
tlynch5 - You mentioned the possibility of perhaps networking my way into a regional fund may be possible. I'm currently based in LA and, though I'm just starting to explore it, probably have some connections that I could use - if only for advice/mentoring if nothing else. How realistic is this, however? Pigs flying, happen to talk to the right person at the right time, and then win the lottery type luck? Or is it plausibly feasible?
Any connection is a great start. Especially if they're in the industry you want. And the way you described it- winning the lottery and pigs flying - is exactly how it is haha. A lot of luck is involved. But if you have connections then use them to your advantage and get some informational interviews to start out. Make sure you know your stuff though. However, all this being said, I think your best bet would still be to go the MBA route with that resume.
I would highly recommend do some internet stalking and find out if there are any HFs with MP that graduated from your school. Although by sheer luck, I was introduced to a alum over the summer that happens to be a MP and co-founder of one of the fasted growing funds in the last two years. I've been able to build a great relationship with him. But he has never had any ties with my university after he graduated. You shouldn't be surprised if there are people like this from your university as well.
I actually think it could be possible depending on how well you can actually "talk markerts" and convince people that your personal investing experience is worth something. You have a unique background that will entice some people to want to talk if you can find a way to get anyone's attention. Have you ever produced any reports or write=ups of your trade ideas?
I've recently begun to write for Seeking Alpha, occasionally sharing my thoughts and trade ideas. Nothing to the caliber that would be required in a professional setting - though, as I get more comfortable with writing for them, I will improve both the quality and depth - but it is a start.
Advice for Breaking into HF Industry (Originally Posted: 08/16/2013)
Hello all,
To get the best recommendations I should write a little about myself.
I love the stock market, investing, swing trading, technical analysis and finance. The bulk of my experience comes in swing trading options, stock investing and some experience trading futures also.
I have been in the markets since 2008. I was always intrigued about the stock market and began reading books and educating myself when I was 19 in 2008. After reading my first investing book, Rule #1 (Phil Town, loved this book and still do) I made my first investment in UA. I made 17K on my first investment (2008 was impeccable timing to invest) and have been hooked ever since.
My most notable trade was a call option trade on AMZN when I made 37K off a 6K trade right before AMZN's 2012 Q2 earnings announcement.
I am entering my senior year of undergrad at a non-target. I was in the military for 4 years. I am currently 24 yrs old. I know a lot more than the average undergraduate student and have given presentations to classes that I haven't even taken yet about options trading and basic technical analysis (Advanced Investment Class). I also recently took and passed the CHP level I exam (Certified Hedge Fund Professional Designation).
What do you more seasoned monkeys think is the best path to break into the hedge fund industry and what would you recommend that I do to best position myself? I would think that Sales&Trading would be the best route. I have also been told that IBanking is a solid way to break into the HF industry. Any input would be greatly appreciated.
My overall goal is to become a PF at a hedge fund and eventually own my own HF. My short term goal is to become a junior analyst at a HF.
Thanks!
Here are some threads that should answer your question. Surprisingly, one of them is a very similar thread that you yourself created a week or so ago, but which still had a valuable answer and that could have easily been posted on there and gotten more responses than having a whole new thread.
//www.wallstreetoasis.com/forums/best-path-to-take-to-break-into-a-hedge-… - At the bottom Murut advises you to look at his post in //www.wallstreetoasis.com/forums/what-kind-of-ibd-do-you-hedge-fund-guys-…
The reasons for why they tend to hire IBD over S&T (although only for certain strategies and by no means always) is given in this thread //www.wallstreetoasis.com/forums/why-is-ib-even-relevant-to-hf
Regarding S&T vs IB; it depends on what you want to do in the HF industry, trade or research. From what I've heard, generally banking is best way into research role at HF (model intensive and get beaten to death with work). I'm sure more experienced and knowledgeable people will have better insight than I do though.
Thank you Scorpion. Missed that post in the thread I created, I assumed nobody has responded to it so I figured I would try again.
So it seems as though there is a mixed bag. Some people are saying S&T some people are saying IB.
As far as being a PM wouldn't following the mkts religiously, getting very familiar with economic impacts, economic data, technical analysis etc. be more relevant than IB experience?
I would think the more experience one has in trading, following the market, investing, hedge fund studying etc would all be more relevant and more valuable time spent than IB. Most IBankers have no time to trade/invest and don't have the ability to follow the market nearly as closely as I have been for some time now.
What would one have to say to these arguments?
I also began constructing a spreadsheet of HF's in my area and contact info and plan on cold-calling. I will let everybody know how this works out for me.
@BEAST MODE BANKER: While I think those are good points, personally I think that for a value fund and doing bottom up/fundamental research, that working in IB would be more beneficial as you have stronger modeling skills and look at more nitty gritty details of each company. (for a research position anyways)
IMO, trading has less to do with actually investing than what you might think. For what I'm interested in anyways, IB would probably be more desireable. Also, to me, following the markets doesn't necessarily make you a better investor and is just ancillary to actually being one (i.e. a trait of a good/determined investor).
i dont think u r going to be able to sit thru 2 years of excel jockeying if ur market expoerience is real. Wrietup some ideas, and start finding people to send them to...the military experience combined with actual market experience will at least get some people to talk to you.
@Bondarb - I think you make a valid point. After taking a 4wk course with the IB Institute I have decided I want to break into IBanking first. I want to get into IBanking for about 5-7 years and build a solid nest egg then go to a top 5 MBA program. Then I want to go to a HF. I am confident I will be able to build a nice egg and manage if efficiently on my own until I get to a HF.
What do you guys think of this plan?
I've never heard of a successful investor who "chose to stay in banking to build out a nest egg."
We all are chomping at the bit to start managing a portfolio.
I'll echo KarateBoy, although I am just in the process of moving over to the buyside myself.
Banking is only good for getting the attention of headhunters. You do 1-3 years, then leave. 5-7 years would make you a VP, basically a career banker (assuming you started as a 1st year analyst). I have never seen a banking VP move to a hedge fund. I'm somewhat skeptical headhunters would even be receptive at that point.
And I wouldn't count on having time to manage a portfolio on your own while in IB. I'm in ER and I barely have time. It takes me ~10 hours of reading / modeling to get a good grasp of a company's operations. And much, much more if you want to effectively cover the company. You will not have that kind of time in IB.
I have seen IB MD's make the transition to PE, but I'd say IB has more overlapping skill sets with PE than HF'S.
Finance major thinking about HF recruiting (Originally Posted: 08/18/2014)
Sophomore at a non-HYP target (Stern/Cornell/Ross) majoring in finance. I've spent the last year thinking I was going to target something along the lines of IBD for either a bb or a decent boutique, but the more I think about doing 90 hour weeks for two years, the more I wonder if it's at all possible to avoid. I've spent some time researching the work at some of the HFs that give us a look (AQR, 2sig, Citadel, DE Shaw), but something that's stuck out to me is how they target more math/econ/Compsci types rather than straight up finance majors; the ones they do recruit generally have a very-heavily quantitative background, too.
I don't need this to become a post about how difficult it is to get the jobs; I have no grandiose aspirations, and while my GPA and test scores are good, I'm certainly not banking on this being a guarantee. With that said, what kind of curricular, extracurricular and internship experience will best help me target a relevant internship with a reasonably prestigiousHF? Keep in mind that I still have three years left with a lot of curricular freedom. Four things in particular (and feel free to comment only on those you can speak about in particular):
-I'm taking intro compsci this fall and was planning on doing a minor (to accompany majors in finance/op management). For personal interest reasons (I do better in what I"m interested in) I'll be keeping the finance major; however, should I switch the other major to CS, math, or some more quantitatively oriented field? -Given that my school has a fairly extensive finance department, are there sectors in particular that I should focus on? -How useful to the industry is a stats major/minor? Our department has a fair number of classes on advanced/stochastic statistics, and I got the A in the compulsory stats class I took last year. -ECs. I'm planning on applying to Beta Alpha Psi in the fall, since I have the GPA (it's the largest business-oriented club at my school). I'm also on the parliamentary debate team and freelance some articles for a news blog. Should I be focusing most/all of my attention on more quantitatively oriented ECs, or try to keep it balanced?
Thanks a ton for the help/advice.
Getting into a "reasonably prestigious" HF out of undergrad is a pretty long-shot even from a target school. In general, the more math, statistics, and CS you have under your belt the better. I am a FT analyst at a "reasonably prestigious" macro HF, and I feel finance plays next to no role in what I do a daily basis. I think the better you are at manipulating data (programming, debugging, statistical analysis), the better, because most of the actual analysis is done by the research analysts/PMs. You will rarely do any analysis/recommendations right out of undergrad. I can't speak for what is useful for a L/S HF, but I think finance is more appropriate for those and less for macro and quant funds. But as far as I know, L/S equity funds don't really recruit out of undergrad. Almost all the HFs that hire undergrads hire for more quant-related roles.
Thanks for the post. I apologize if "reasonably prestigious" came off rude/oblivious; I meant to be inclusive of smaller funds/funds fewer people will have heard of, not dismissive of the long shot nature of landing one of these jobs.
does anyone know how to get into hedge fund busness? (Originally Posted: 06/14/2006)
right now there are tons of head hunters looking for the right people...
I would suggest that you start building a record in your PA, prepare some investment idea writeups, and offer to intern alongside a small hedge fund where you can have direct interaction with the PM. Sometimes it takes planning before you can get to your goal and different things work depending on your background.
With i-banking background and the above, you should be able to find a PM willing to take a change, since there are so many of them and they are taking in more assets than they can handle.
Ideally, find someone whose assets grew recently -- you won't know that going into an interview, but it's a good sign if he discloses that because you know that at least he must have had a good track record and you will see some action.
If you are already in i-banking or sell-side research, it may be easier to transition into a prop trading desk within your i-bank. You can set up a track record there and move on to larger/better funds within a couple of years.
You should start by learning how to spell business correctly and then work on your attention to detail.
I doubt you'd have asked this question if you took the time to browse the forum. ;)
Analyst transferring into Hedge Funds (Originally Posted: 07/26/2007)
I work for a BB shop (think McDonald’s, Wendy’s, Burger King). So I only want other BB analyst advice. If you work for a non-BB like White Castle, you might as well commit suicide now and hang your head in shame. If you ever dare to apply here as a second year analyst I’ll shred your resume.
I’ve been an analyst with McDonald’s for two years in their French Fries origination and trading division. So far my P&L is looking real good because I’m really good at guessing when clients will walk in through the door, so I know exactly when to take proprietary positions and increase my inventory of Fries. This event-driven origination strategy has been kicking ass so far and my MD has been really impressed with my speculative abilities and I’m producing a large chunk of the P&L on my desk. In fact I’m so good, that my hourly salary just got bumped up to $7/hour from $6.80. My real dream is to work in the exotics structuring desk where they produce complex products like burgers with two meat patties. Clients seem to enjoy the level of innovation in these burgers and will pay a significant premium for a customized product. I hope that one day my dream will come true.
So I have to ask your advice. I was approached last week by a major Hot Dog long/short hedge fund specializing looking to break into french fry speculation strategies. They currently operate one hot dog stand in New York and are looking to break into the French fries. Their AUM is around $20, but with the new French fry division, they could break $25. What do you guys think?
Also please do not answer this question if you did not graduate HYPS, I'm sure you understand why. If you are not HYPS you are probably incapable of intelligent and/or logical thought processes
dude wtf, i love white castle!
White Castle's really more of a regional shop.
since you went to a third tier ivy.
Exactly! Believe me I cry about it every night...
P.S. please don't this thread into a discussion about schools, the whole reason I posted this here is to ease the conflict...
.
so
...is illegal
ain't that a bitch...i'm ketchup motherf*****
How To Break Into Hedge Funds Without A Quant Background (Originally Posted: 03/03/2011)
Hi,
So basically, I'm just wondering if there is still room for people who are simple finance/accounting majors without crazy quant skills these days. I'm decent at math, but I couldn't major in anything that quantitative because I struggle with the theoretical/proof-based stuff. Is it still possible in today's day and age to break into hedge funds, because it seems like most of them are into very quantitative persons?
bump
Lots of hedge funds don't require extreme quantitative skills. Fundamental, research-driven funds (value, distressed/special situation, merger-arb, GARP, to name a few) generally won't need you to do any advanced, theoretical math or programming. Other than some statistical stuff, I don't think I've done any math more complex than exponents since starting my current job.
HF Recruitment Firms???? (Originally Posted: 04/14/2011)
Are HF recruitment firms scams?
sure.
Newbie - please help! Can I make it into a HF? (Originally Posted: 02/04/2012)
http://www.razume.com/documents/24255
Currently work in a BB bank. Been there for just over a year but really want to move into a HF as I don't feel like I'm getting the proper training or learning to develop as an analyst/PM. Obviously I've spun my CV to try to leave out all the rubbish that takes up most of my daily activity.
So far haven't had much luck so I've re-hauled my CV and come to this helpful forum looking for advice. Any help would be greatly appreciated!
Please excuse some of the info that I've left out for the purposes of anonymity. I've had an interesting path into my current role which makes me rather identifiable.
Also, the first bullet point under my job description appears to have been eaten up by the razume converter so please ignore that also.
I am from the UK and there's really no website like WSO here...sigh...good idea for a startup right?
i dont know much, but it looks like the format of your first two lines under "junior portfoilio manager" is messed up..
Yea, I know. Like I said, Razume appears to have eaten my first bullet point...
Bump - can no one help?
wilmott is a good forum based in UK. check it out. For the resume, I would put education first, work and then skills. Thats my preference.
Thanks. Wilmott is mainly for quants and also, it's super strict on the emails you can use to register an account and I am yet to successfully create an account!
I've been told that after you've been working you should put experience above education as that's what employers care more about?
How about the actual content? I don't know if what I actually stand a chance in hell of getting into a HF... What I currently do is global macro so that's the area I'm looking at. Any suggestions would be much appreciated!
Unashamedly bumping my own post - can anyone help?
Voluptatem accusamus exercitationem voluptas ullam nihil. Aspernatur cumque explicabo dignissimos et reiciendis. Sed aut laudantium ea tempora voluptas quo in. Quam reprehenderit voluptates explicabo est magni voluptatem in. Nisi dolores omnis dicta consectetur odio ipsum quo.
Deleniti est est est consequuntur aut vitae. Molestiae ut debitis nulla laudantium cumque voluptatem eos. Quia quia ut molestiae quos fuga autem. Dicta cumque sit omnis. Ut enim nam sit aliquam non dignissimos officiis.
Est qui minima qui deleniti. Sint dolorem dignissimos vel temporibus et. Facilis ipsam veniam sit voluptate error enim.
Officia in eius odit ducimus. Officiis impedit illo tempore qui omnis adipisci. Est et ullam architecto dolorem architecto ipsam. Veritatis quam nostrum et commodi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Officia et sed adipisci et ipsam amet. Quia nemo praesentium totam. Rem ut tempore quis sit velit. Esse dolores aut dolor quam aut suscipit dolor. Adipisci et voluptates suscipit quo. Accusamus voluptatum laudantium aspernatur sed explicabo. Vel eligendi error impedit est molestiae dignissimos et.
Culpa repellendus omnis eveniet laborum. Incidunt quidem aut laudantium atque sunt.
Corrupti in dolorem aut voluptas. Nulla omnis magni ut fuga aliquid. Laborum voluptas doloribus facere ducimus qui eos.
Sint reprehenderit voluptas qui. Mollitia autem nam dolorum. Earum saepe commodi est maiores. Quam voluptatem dicta et architecto perspiciatis.
Voluptas aliquam et id facere harum nihil provident magni. Soluta qui sed sapiente distinctio.
Eius officiis iure aut fugit. Tenetur est quidem voluptas sit est ducimus. Adipisci adipisci cum cum eius ullam saepe aut ut. Ea reprehenderit vel quia cum quos ullam veniam et.
Deleniti inventore sed perspiciatis ea occaecati. Consectetur nulla et vitae molestiae aut iste nemo. Quibusdam ea a omnis voluptatem dolorem possimus ut.
Harum provident vel corrupti cupiditate eaque est non. Fuga repellendus veniam sint quo. Id et quo sit quisquam natus fugit quo.