Best Response

WACC_attack has hit the big ones. There is another less well known group called Swank Capital that manages in excess of $1 billion and focuses on investing MLPs (Master Limited Partnerships), commodities and some other related assets. Another is Saracen which managed about $1.5B in mid-07 but has hit a rough patch as of late. I'm not sure what current AUM is nor the status of the business. Check out http://www.reuters.com/article/oilRpt/idUSN1555824420080215?pageNumber=… for recent rumors on the firm. This is a pure play on the energy strategy that blew up Amaranth.

HBK and Carlson have their main offices in Dallas to MMmonkey's post above.

There are some other smaller groups in Dallas as well. One or more were started by ex-members of HBK and Carlson.

A number of other big HFs have offices/people in Dallas and/or Houston to focus primarily on energy-related investing (local presence is always nice for these sorts of deals).

 

HBK has a pretty good reputation but are very well known for being overly-hedged in their trades. This is not your SAC alpha-cowboy trading floor but a pretty quiet place that does not like excessive risk. Recent edition of Absolute Return magazine had a cover story on them to review. They have been around for a while and the main partnership is pretty solid. They have formerly been extremely sticky with their recruiting academic requirements--meaning only the top tier Ivy league schools (especially Harvard). But in the last 1-2 years, they have been less focused on academic pedigree (although it still helps). One of the senior guys was telling me that they realized it was not helping them one bit with such stingy Ivy-league only requirements because all they ended up with was a bunch of rich kids. They also used to be famous for ranking the other hedge funds that they wanted to hire people from. If I recall correctly there were 4 tiers and there was only one other fund in the 1st tier that they felt was as good as them...

 

i know a few people at HBK. the folks on the research and strategy side tend to come from very quantitative backgrounds, including electrical engineering, applied math, and statistics masters/PhD's. i think this is understandable. on the trading side, that's where you'll see more MBA's and professionals with relevant work experience, and less of an abundance of technical degrees.

​* http://www.linkedin.com/in/numicareerconsulting
 

top dallas funds are maverick, hbk, carlson, highland... if you find somebody in the industry it'll make your search so much easier. also, another tip, it seems like resumes actually mailed on nice paper in a nice envelope seem to actually get attention...

 

sizewise, yes. HBK and maverick are huge hedge funds. carlson is smaller. highland is mostly fixed income, not a typical hedge fund....supposedly has over $30 billion under management... yet as far as i understand it, they have numerous investment vehicles and the hedge fund itself is much smaller than that...

 

i want to work at Highland bad, my background? non target, 3.0 GPA. BB Ops 2 yrs, 31 yrs old, CFA L1 candid.. fuck it. exiting the industry. no chance. just going to sell some coke or real estate kind of a wide range there.

 
Creolebway:

i want to work at Highland bad, my background? non target, 3.0. BB Ops 2 yrs, 31 yrs old, CFA L1 candid.. fuck it. exiting the industry. no chance. just going to sell some coke or real estate kind of a wide range there.

Really? http://www.m2mevolution.com/news/2006/09/03/1855166.htm

everybody must log into a software program that tracks work hours

 

Voluptatem commodi id officia consequatur fuga sit eum. Molestiae quia ut nesciunt aperiam consequuntur dolor et. Ducimus commodi ut quos impedit magni odit neque. Quia debitis nisi deserunt et quod. Fugit nihil fugiat accusamus et quae in.

Disclaimer for the Kids: Any forward-looking statements are solely for informational purposes and cannot be taken as investment advice. Consult your moms before deciding where to invest.
 

Sit eum quisquam ratione ut quidem. Inventore animi culpa repellendus eius ex. Aut porro rerum dolore cum suscipit.

Aut consequatur est ad. Distinctio adipisci et sit perspiciatis quia ut nisi. Minus placeat dolores nihil est facilis. Eum dolor repudiandae quidem omnis voluptate et omnis voluptas. Eos error quia vitae maiores consequuntur nihil dolor.

In ut iusto blanditiis quibusdam et perspiciatis. Aut hic quis maxime minus. Iste rem ducimus eligendi. Nisi ut et modi velit. Quia culpa consequuntur cum quas nisi ut.

Labore dicta aut perspiciatis velit. Et consequatur incidunt aperiam magnam.

 

Facere vel vel blanditiis fuga neque enim. Consequatur deserunt beatae nobis qui.

Laboriosam aspernatur minima cumque et libero eum placeat unde. Voluptas aliquid dolore excepturi officia quam minima earum. Voluptatibus sed quos suscipit unde. Dicta harum sunt iusto reiciendis. Alias dicta pariatur eum aut aut illum. Magni libero neque reprehenderit voluptatem. Nam iste repellendus et culpa illum ullam.

Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”