Help with Hedge Fund Recruiting Approach
Howdy y’all, I’m looking for critique on my hedge fund recruiting approach. I’ve identified two funds whose teams I would like to join. Both are located in a small city to which I will be moving soon (regardless if I land an offer with one of them). I don’t just want to simply cold call them or cold email them - I would like to take on a more value-added approach because I really want an offer. I was thinking the following:
1) Track their filings, understand the positions they’ve been in – why they might have entered into them, why they got out of them, and understand what positions they’re currently in – also understand why they entered into them, and why they’re still in them. I understand I’m missing short positions here (and other things), so I would add some analysis on hedging shorts with these current longs.
2) Generate ideas that are aligned with their historical/current activity – come up with fully developed pitches
I’m struggling with, is this enough? Also, how do I present this information to them (I don’t want to email them and say here you go, but I also don’t want to call them and dive into an explanation). I’ve thought about calling an analyst and taking them out for a beer/coffee, but what if they say no? Should I instead show up with my analyses and drop it off haha, I’m clueless. The stakes are high because I’m moving to middle of nowhere and these are the only two jobs that interest me. Thanks y’all
Assuming they are even hiring, this is theoretically what you should do. But I can't even imagine how much brain damage this is going to create. On top of that, while they would certaimly appreciate the effort you took to understand their portfolio, they will be much more interested in the ideas that you have and think will make good longs or shorts and are actionable. If it were me, I would spend all of my time coming up with a few good ideas that I can talk about in depth that would also demonstrate the level of research that I am capable of doing. I would only spend time studying their portfolio to the extent that I do not already know how they invest and what their investment philosophy is. If I had the extra time, I would spend time understanding a couple of their positions in the off chance they asked.
Hey hominem, thank you for your reply. They are currently not hiring, I was hoping I'd impress them by going the extra mile and showcasing all of my skills. Brain damage is definitely it. I'm having to research and fully understand each company they've entered into a position with (even companies that are seemingly no longer in their portfolio), but I don't want to take any chances. In terms of delivery of all this information, what would be the best approach? Call, email, in person visit? Thanks again
If you can track down investor letters, many of those questions might be answered explicitly, as well as an explanation of best and worst performing shorts.
Hey FOHFLady, thank you for your reply. That is a very good idea. I've been having some trouble acquiring some of their investor letters - I have old ones but not any recent ones, will keep searching though!
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