96 Comments
 

Pershing's name is alright, but it was named after the cafe that was in the same building I'm pretty sure. Ackman's first fund, Gotham Partners, sounds cooler imo. Then again, Pershing Square (the area in NYC) is named after the U.S. Army General.

 
Controversial

Fun fact about Two Sigma. I didn't know what Two Sigma meant, but after taking a supply chain process class in school, I learned that it's actually a reference to a measurement of efficiency/accuracy/error in supply chain processes. On a per million output basis, a one-sigma process produces correct outputs ~30% of the time, whereas a six-sigma process (extremely accurate) produces correct outputs ~99.99% of the time. A two-sigma process produces correct outputs ~70% of the time, on a per million output basis. So I guess in this case, Two Sigma is claiming their trades are correct ~70% of the time. Idk if that's what they were referring to in the name, but if it is, it got infinitely cooler to me. 

 

According to Wikipedia which quoted the old Two Sigma website:

According to Two Sigma, the firm's name was chosen to reflect the duality of the word sigma. A lower case sigma, σ, designates the volatility of an investment's return over a given benchmark, and an upper case sigma, Σ, denotes sum. By adding together the volatilities of individual positions measured against the benchmark, Two Sigma can amplify forecast signals, the company's website says.

 

Fun fact about Two Sigma. I didn't know what Two Sigma meant, but after taking a supply chain process class in school, I learned that it's actually a reference to a measurement of efficiency/accuracy/error in supply chain processes. On a per million output basis, a one-sigma process produces correct outputs ~30% of the time, whereas a six-sigma process (extremely accurate) produces correct outputs ~99.99% of the time. A two-sigma process produces correct outputs ~70% of the time, on a per million output basis. So I guess in this case, Two Sigma is claiming their trades are correct ~70% of the time. Idk if that's what they were referring to in the name, but if it is, it got infinitely cooler to me. 

L.O.L.

You just made my day.

 

So we beat on, boats against the current, borne back ceaselessly into the past. 

Few players recall big pots they have won, strange as it seems, but every player can remember with remarkable accuracy the outstanding tough beats of his career.
 

D1, run by an ex frat bro turned investor. I imagine new analyst get hazed and are forced to keg stand while reading 10ks. 

 

I think the irony is what's so funny about it. "Long Term" capital that only took three years to completely implode xD

Just remember: it's not a lie if you believe it.
 

Download an iOS app called EDGR. They have top performing hedge funds and scores based on fund's track record. If you are going for an interview, you would be amiss if you don't look at what stock positions fund holds, track record, fund's history, and people who are in charge. I found it very useful for my own HF research and stock ideas. Their website is: www.edgr.io.

You may also want to check out sites like Whalewisdom and TipRanks. Good luck! 

 

Quo tenetur modi ipsa repellendus maiores sint nihil dicta. Commodi dicta ducimus saepe quo consequatur. Quibusdam sit fuga ut itaque unde.

 

Dolorem rerum quae quia sit porro. Et ad qui minima labore. Laboriosam iusto dolor dicta veritatis ut consequatur provident.

Consequatur harum et nesciunt cum dolorem fugit culpa. Soluta ipsum aliquam nesciunt ipsa nemo. Voluptatem ut voluptas cupiditate. Voluptatem dolorum quisquam culpa commodi et.

Sit quas at et vero sed eos nihil. Beatae quod sequi suscipit quia delectus. Eveniet ducimus eos autem. Nihil labore quasi ullam. Totam placeat aliquam natus eligendi qui corrupti. Qui facere eveniet officiis id. Sequi deserunt aut et nam optio.

Nihil distinctio maiores eligendi. Soluta distinctio maxime sunt qui. At deserunt omnis molestias tenetur expedita aut. Qui non omnis eos deserunt minus illum doloremque. Eos id nihil beatae quidem sequi eius qui. Eos nemo itaque voluptate consectetur vitae ratione quidem.

 

Suscipit similique error aut aut. Sapiente autem dolores aut. Minima dolorem officia laboriosam et. Delectus ea aut a veritatis sequi fugiat. Tenetur ad tempore nobis recusandae praesentium.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Career Advancement Opportunities

July 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”