L/S Equity Path ?
What is the best path to break into a L/S Equity HF ? Is it better to start at IBD or ER ?
What are the best L/S Equity HF in London ?
Thank you.
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Easy WSO search man come on... IBD is the best starting path just search
The answer you're gonna get searching is this. IBD and ER can both get you to a HF. They might choose IBD because the cream of the crop go there out of undergrad but ER is more relevant work experience.
ER for is usually better experience for vanilla L/S but at the junior level there isn't much difference between starting out in either. I do not agree with the view that higher quality candidates gravitate towards IBD more than ER out of undergrad.
One of the most important skills a hedge fund analyst can possess is the ability to do effective independent research. Like using the WSO search feature.
^
Best Foundation for Long/Short HF (Originally Posted: 09/14/2013)
Hey guys, what do you think is the best foundation or first career to prepare oneself to excel working at a long/short hedge fund after college?
Either 1 or 2, PE is a great field, but not on the "track" for HF.
Incorrect. People move to value oriented HFs after a PE analyst stint somewhat frequently.
Basically, in my experience, it really depends. From what I have seen most L/S analysts come from banking because it is believed that the most capable candidates out of undergrad go to banking. But, in reality, the best answer is "it depends".
All three are common, banking is the most straightforward and fastest. PE is really just a derivative of banking which takes longer to get there given you need to do banking first.
You can come from any of those 3 backgrounds but at the end of the day you need to be a good stock picker to survive this field.
If your pretty sure this is the route you wanna take, the best complementary skills you can get comes from ER.
bump
You don't feel like your question has been answered? If you want to work for a Tiger Cub, banking, possibly followed by a stint in PE are your best bets.
Banking & PE are king of finance. ER is a side dish of $hit compared to it.
hello everyone.I've been searching for threads about the importance of maths for l/s equity funds.
Of course i have read numerous times that for quant HF a lot of math experience/study is needed like Phds and comp sci majors.So my question does not concern such roles.
Although i have been informed that for IB and PE (which seem to be usual backgrounds for long short equity hf) not much maths are needed i was wondering if a good performance in a course such as financial mathematics would be of any benefit.Would it be worth the extra studying time? I hear that proving you are good with numbers helps.
thanks
No.
Do IBD - MF PE - HBS - Tiger Cub. Gotta get that mad preftige Bro
+1 #PRESTIGE #Blessed
Long/Short Hedge Fund --- Qualifications vs. PE (Originally Posted: 04/02/2008)
I'm currently a 1st year analyst at a top middle market bank (think HLHZ, Jefferies) doing M&A, mostly sell-side. I've pretty much come to the conclusion that I don't enjoy the deal aspects of my job and want basically nothing to do with PE after my analyst stint...in fact, I'm not sure I ever want to look at another CIM again after my analyst stint, hahaha. I do, however, enjoy researching and analyzing companies and looking into their strengths and weaknesses from an investment perspective.
My question is this: What sort of qualifications does one need to stand out and be a solid candidate for a long/short equities fund? I know that with PE, working on interesting and unique deals is most important, but I'd imagine it's not quite as important for hedge funds. I've done some modeling work (pro-forma projections model, some basic LBO work, DCF crap) and plenty of industry research and due diligence type work. I'm just not entirely sure what a solid resume would look like for a long/short equities HF.
Also, if anyone has some names of long/short funds (not just the massive beasts), that would be useful as well.
Thanks.
Seeing as both a PE shop and a L/S EHF engage in similar exploratory due diligence on potential acquisition targets one would have to assume that your resume should outline prior analytical W/E (i.e. modeling/valuation work). I think you may be disappointed by the work tasks associated with a LS HF if you are certain that you would hate PE work as both skills sets and deliverables are more similar than you may imagine.
Long/Short Fund Route? (Originally Posted: 03/08/2012)
Just wondering what the process was on getting into these?
I've been at a bank for a couple of months now in cash equities straight out of university (college for those in the US). Have the choice of going into sales / sales-trading / trading eventually.
If you went into facilitation trading (with some prop), would you end up having a change of going into trading at a HF? Or not?
ask trade4size.
What exactly is cash equities?
I work at a L / S fund. The name is a misnomer because there are several types of L / S funds, but to break it down in simple terms, you've basically got fundamental / value shops (longer-term) and trading shops (shorter-term). The best path to a fundamental shop is through research or investment banking or possibly consulting. The best path to a trading fund is through... trading. The roles are very different, so it depends on what your interests are, but sales is not a good path to either one. If you want trading, then a prop role is good experience.
I don't think you understand what long/short funds are. I believe gnasher is referring to 130-30 or market neutral funds.
This...
best way to get to l/s hfs from where I am (Originally Posted: 06/17/2015)
hello everyone! I come here looking to understand if i'll ever break into l/s HFs and/or eventually top tier AM.
my background is as follows: -EU based: non target undergrad, msc in finance from tier 1.5 institutions (think HEC/Bocconi) with top marks (1st with honours) -different internships; currently 1.5 y in an equity research gig with the 2nd best italian team. -italian coverage but (with some european stuff especially when analyzing competitors) -my realistic amount of skill: I am getting better at getting it right (think 7 out of 10 recommendations hit the mark) although my coverage is restricted to financials
my goal: -ideally a l/s hedge fund (london) -top tier AM in an ER position (fidelity/BlackRock/m&g/etc) (london)
is it reachable (=am i illuding myself into thinking this is achievable?)? if so, how?
basically I am getting constantly better (trying to think buy side as much as possible) but the coverage is regional and the brand on my CV does not exactly shine altough I am developing track record. will my CV get instantly binned? most of the guys i got in tough with had the same vibe "not hiring / good idea but not in charge of recruting / etc". brand awareness does worry me (because so often it is used by recruiters to draw a line in the sand, a proxy for competitive advantage if you will). also, I am worried that I might get "marked" if i stay in the sell side for 3-4y.
is the dream reachable?
p.s.: on a foot note, would you say salaries are much different here in europe?
you won't get "marked" by staying on the sell side, that's absurd. just need to leverage your network and keep working at it
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