Hedge Fund Interview Course

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Comments (31)

  • Analyst 1 in IB - Gen
Apr 30, 2021 - 1:32pm

The HF space in LA relative to other cities is like any other part of finance. Sizable but definitely is no SF / NY (or even Boston). But - it's a good place to be still and likely the 5th biggest imo after NY, SF, Boston and Chicago

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Apr 30, 2021 - 2:18pm

Its a good place to be for all kinds of reasons, but I would also put it below South Florida. Lots of funds with a presence there like Appaloosa, Balyasny, Bluecrest, Verition, Elliott, ExodusPoint. 

Debatably it's also below Dallas, which has Maverick, HBK, Carlson. 

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Apr 30, 2021 - 2:59pm

This might be obvious, but it is probably worth saying just so it is not ignored, but working at a HF on West Coast comes with a very different set of hours as you are fairly tied to NY Market Hours. I don't have a ton of contacts in SF / LA at HFs, but those who do work in more market-oriented seats at HFs tend to work more like 6am - 2pm with free afternoons and then tend to go to sleep on the earlier side given the early morning hours. That can be a bit of a trying situation if wife / SO also works long hours (she gets home at 7-8 pm / you're trying to go to sleep by 10pm) and even tougher if you are single and trying to date.

Apr 30, 2021 - 5:44pm

A lot of debt shops because of Milken bois. Equity not as much. 

Decent institutional scene: Capital Group, Kayne Anderson, TCW, Oaktree, DoubleLine, PIMCO, Hotchkiss & Wiley, NWQ, Payden & Rygel, Causeway, Aristotle, etc. 

Instagram: @dickthesellsider | Substack: dicktoad.substack.com

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  • Analyst 2 in IB-M&A
May 2, 2021 - 10:48pm

Anyone have deeper insight into Canyon? I know it's got a great rep / it's top tier but I never hear any specifics relative to plenty of other funds

  • Analyst 2 in IB-M&A
May 3, 2021 - 7:59pm

Bro, what are you trying to do tho? Like you trying to go distressed? CLOs?

Not really sure if this top tier thing works, like asking someone to rank PIMCO vs Pershing Square vs Aurelius. 

  • Analyst 2 in IB-M&A
May 3, 2021 - 8:08pm

I may have been unclear. I'm basically saying I know they have an excellent reputation, but have never really heard anything about their culture, work-life, internal retention/promotion track, turnover rate, comp/perks, what the people are like. etc.

I definitely don't care to turn it into another ranking thread. I've just heard plenty of those types of things answered (from friends or on WSO) about places like Elliott, Tiger Global, Viking, Oaktree, etc. 

As for me personally, I don't know yet. I'm at an EB now and am still figuring what type of exit to target 

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
May 3, 2021 - 8:30pm

I worked with a group at Moelis that had sent a couple of former analyst/associates there. One is still there for like 5 years now. The other was there for a few years and I think slid over to tpg or sixth street for whatever reason. Def think it's a good place to work but obv depends on fit and that stuff and whether they are even hiring

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
May 3, 2021 - 8:34pm

The La hedge fund scene may be centered around the same area where the other financial firms are. It might be wilshire boulevard

  • Analyst 2 in IB-M&A
May 3, 2021 - 8:40pm

Thanks, this is all very helpful. It's probably because I'm in NY but is so much easier to connect with a friend or friend of friend who works at all those other funds, but I've just never talked to someone first hand who worked there, so it's hard to get a read for this stuff. Did have a friend intern there through friends / family hookup but those aren't "real" internships exactly so the insight only goes so far 

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