Which experiences and skills are useful to secure an internship at a hedge fund?

Hello everybody!!
I am a second year undergraduate currently studying Mathematics with Finance.
I'm wondering whether anyone here got the chance of having an internship in a hedge fund and which kinds of skills (mostly quantitative or others like interpersonal, etc.) are those hedge fund need the most? Also do you need any previous relevant experience in the finance sector and so, is it like insight days or insight programs like for investment banking?
Cheers!!

Comments (11)

Jul 29, 2019

most funds cared if I was genuinely interested in investing or not. That was often shown by preparing a half decent pitch (most PMs know that a guy looking for an internship won't probably have a actionable idea). Models or anything along with the pitch would be a plus, but at least having knowledge of modelling, valuation, etc. would help you a lot since most funds will def not have a formal training program like banks

Aug 2, 2019

Thank you for your reply! Very useful!! I know a bit of valuation but very simple models like CAPM or DDM! So in terms of formal training, investment banks should have them while hedge funds not, right? Any other differences in the application process between investment banks and hedge funds?

Aug 2, 2019

Most hedge funds other than maybe p72, citadel, etc. won't have formal training programs at all. Ideally you want to be able to confidently build a 3 statement and some common models such as comps, dcfs, and sum of parts. Others would be a plus.

In terms of applications some like p72 have formal recruiting programs, but networking would be your best bet at others.

Jul 29, 2019

Good stock picking skills would probably be the most relevant. Just my guess.

Aug 2, 2019

Thank you!!

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Aug 2, 2019

I have experience at a fundamental long only shop and I would say that important skills are being able to write well, articulate your ideas, and a genuine passion for investing. Also have an opinion about whats going on in the markets and be able to back it with facts. The rest they will teach you on the job.

Aug 3, 2019
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