Hedge Fund Interview Course

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Comments (12)

Mar 1, 2012 - 2:05pm

Not necessarily. (1) most folks take pride in the AUM and are happy to share it and (2) its usually disclosed in a form somewhere along the line so they may not be as secretive as you think about it. I know for advisories, you can get this from the ADV2 and finding that is a pretty simple process.

Mar 1, 2012 - 2:22pm

I am careful on this topic too.

For me, it depends what part of the interview process I'm in. Asking their AUM can come off like you are trying to qualify them, so I wouldn't do so in the first interview.

Alternatively, you can ask them about how many positions, gross/net exposure, portfolio turnover and you'll find the PM will offer the funds AUM.

In case you didn't know, if it is a L/S equity fund, with >$100m AUM, you should be able to find their 13F. If they don't file a 13F, it doesn't necessarily mean they have

Mar 1, 2012 - 3:00pm

I wouldn't do it until you get an offer, then maybe drop it in nonchalantly in an e-mail to your HR contact or something. It's from my experience HR loves to talk about finance since most people in the firm don't bring it up with them.

Mar 1, 2012 - 4:03pm

It's common sense - I always ask about dick size first.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
Best Response
Mar 1, 2012 - 4:17pm

Some people will definitely get offended by the question, but you have a right to know if you are going to be joining their firm. For larger firms, they will have a website that contains that information and you can look it up without asking. For a hedge fund, that might not be the case, as many (most?) don't even have websites to begin with. There is a huge difference between working at a $2B fund vs. $200M or $20M. I would ask in the 2nd round interview at an appropriate time, and phrase the question tactfully, asking for a range. When you do your due diligence before accepting the offer, you should have the firm set you up to talk to their prime broker and try to get the pb to confirm the range you were given.

Everyone knows the question is legit, the issue is how people ask. As long as you are not a tard about it, you will be fine -- don't ask right away, don't ask who the firm's investors are, don't ask how much the PM makes. Just don't be a tard. But that's standard advice for life.

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Mar 1, 2012 - 4:19pm

I already have a job at a HF, just curious in regards to me working there an asking both them, and other HF heads that I meet/have met about their funds, if the information isn't available online of course.

Mar 5, 2012 - 10:18am
<span><a href=//www.wallstreetoasis.com/company/credit-suisse><abbr title=Credit Suisse>CS</abbr></a></span> Arb:
Umm if someone gets mad that you ask them AUM they are idiots and you should look at other funds.

Seconded

Mar 5, 2012 - 1:26pm

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