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Fixed Income/Credit HF
giving back to the WSO community: if you have: ~2 or less years xp at the major bank (on a trading desk) strong quant skills (STEM degree pref.) then i might have: very rare Fixed Income or Credit opening at a HF for you looking for someone asap PM me, pref. forward CV cant offer more info here...
Background Check Top Hedge Fund
Hello everyone, I am a noob and needed some information about credit checks in top hedge funds or IBs ( DE Shaw , Two Sig, Citadel , Element, GS etc ). I discovered today that I had a delinquent account (dental bill for ~300) from way back in the day which I wasn't aware of (probably lost in mail as...
Man who created own credit card sues bank for not sticking to terms
When Dmitry Argarkov was sent a letter offering him a credit card, he found the rates not to his liking. But he didn't throw the contract away or shred it. Instead, the 42-year-old from Voronezh, Russia, scanned it into his computer, altered the terms and sent it back to Tinkoff Credit Systems. Mr...
Credit Trading interview - Phone interview for a credit quant
Hey WSO , I have a phone interview for a credit quant trading role at a BB . My background is math major from top 10 US school then forex quant trading, a fairly equal between split intraday long / short using mathematical and technical techinques and spot / forwards arbitrage . Some techniques I...
The Old JP Morgan Chase Credit Training Program
Morning Chaps, All the old boys in the debt markets often eulogise the old JP Morgan Chase credit analysis program. Unfortunately, the guys I know don't have their materials left, any one got a PDF? Have a good day. O
Lenders Spreading Their Legs for Borrowers
I've always been told to highly value my credit score. It's one of those important metric that if not valued highly enough can really screw you down the line. I have noticed recently that I've started getting the 0% balance transfer offers in the mail and for some reason every time I go into the...
Sell Your Options Dearly: DEBT
Andy note: "Best of Eddie" - while Eddie is on vacation we're throwing up some of his classic posts from the past. This one from June 2010 is part of the very popular "Sell Your Options" 5-part series. More to come later this week & next. If there's an old post from Eddie you'd like to see up again...
Stockton - End of the Municipal?
Being a national of the United Kingdom, a lot of the articles popping up on Bloomberg or CNBC seem both foreign and a little irrelevant to me (what is NFL anyway?). This one caught my eye however. The city of Stockton in California has filed for bankrupty and defaulted on over $10m in debt payments....
Megafund Credit Arms
What is the general reputation, pay, culture, exit ops, etc. of the credit arms of megafunds i.e. Sankaty, TPG Credit, KKR AM , etc.? Looking for information on a pre-MBA associate role. Any help or insight is much appreciated.
Credit/Fixed income/debt investing fund interview
Any thoughts/advice on debt specific interview questions? Would love any that you have. thanks!
Advice for a junior going to top 15 fund
I'm an undergad, and upon graduating, I'll be fortunate enough to be joining the credit investing arm of a private equity firm that is probably in the top 5 internationally. I'm also fortunate enough to have had a lot of investing experience early so that is not my major concern (although I would...
Debt/Credit Fund Interview
All - wanted to get your take on where I can learn more about investing from a debt standpoint. Read the Moyer distressed debt book and although it is great, wanted to gain more insight to what debt investors think about vs. equity, not just distressed but investment grade/ HY as well. Any...
PWM Internship "Academic Paper"?
Help!
Credit Analyst to Top 10 MBA
Been reading this forum for a while but first post here! Just curious as to what top b-schools tend to think of corporate credit analysts at a BB . Assuming that with a 3.7 undergrad GPA and ~750 gmat score , would this be a solid resume for a top 10 program? Thanks!
no pay, no credit - possible?
Apparently its illegal for them to give you an internship where you aren't getting money or academic credit, but does it ever happen? (MM/Boutiques)
Credit Is Not Dead
Despite all of the talking heads proclaiming the death of credit and the impending treasury bubble, credit is not dead; not yet at least. Cantor Fitzgerald announced they are making a dedicated effort to build out their fixed income desk and Asset Management platforms which is promising news in the...
Should I lease a car just to build credit?
Im sitting here thinking about my future... Most likely I'll live at home with my parents after graduation. I wont have many expenses, but I dont want to just keep building my bank account. I dont need a car but I was wondering if I should lease just to get some credit built up? I was thinking maybe...
What exactly is Credit?
To clarify I am referring to credit in relation to an IB credit desk in markets i.e a credit sales or credit trading analyst. I'm slightly confused as to exactly what products are included in credit which seems a very broad part of fixed income to me. It is unlike, say, commodities or FX which are...
Cowell and Lee
Hey has anyone heard of this fund in hong kong called Cowell and Lee? I'm looking to move out to Asia and apparently they're an event-driven fund focusing on credit. Any feedback would be great, thanks!
Credit Trading or Credit Research
Hey Guys, First off, I just want to say thanks in advance for answering these questions. I've been coming to this site for two years now and the help I've received has been incredible. I don't know where I'd be without you guys. To the topic at hand, I've heard from a lot of people (buyside,...
Build Your Own CDO
Have you ever dreamed of building your very own CDO ? Do you think you could master the fragile alchemy of blending Z-tranche crap with A-rated paper to outperform the market? Well now you can. And I'm going to lead the charge by putting together my own CDO and reporting its results to you on a...
Interview with BlueMountain Capital
Hat Tip to International Pymp for sending this to me. Very insightful interview with BlueMountain, a great long/short credit fund: BlueMountain Capital Management was one of just nine managers on the receiving end of 38% of all new money put into hedge funds this year, according to a report earlier...
Moody's Interview
Hey guys, I have an interview with Moody's corporate finance Ratings soon . Can you give me some reasons Moody's is better than their competitors Standard & Poor's and Fitch Group? Thanks!
Blackstone GSO Customized Credit Strategies Interview
Hi Guys -
Perfect Credit? You're Screwed.
Imagine going into your favorite retailer and when you're checking out, the clerk asks if you want to apply for their in-store credit card to save 10% on your purchase. Why not, you think, and you quickly submit the application. It comes back declined. That's not possible, you explain, I have...
S&P's $2 Trillion Mistake
Just the Facts: S&P's $2 Trillion Mistake By: John Bellows 8/6/2011 In a document provided to Treasury on Friday afternoon, Standard and Poor’s (S&P) presented a judgment about the credit rating of the U.S. that was based on a $2 trillion mistake. After Treasury pointed out this error – a basic...
Credit Funds - Job Search Help / Advice
I have spent the past several weeks looking for opportunities with credit funds (both performing and distressed). With little to no progress made, I think I need some advice on how to find opportunities, gain traction, land interviews, etc. Thanks in advance for any insight. Background I spent three...
Credit Investing -- Books
Hey, does anyone have any good recommendations on books relevant to general credit investing (i.e. info on investment grade, high yield, CDS , etc.)? I was thinking of readying Moyer, even though it's focused on distressed debt -- I'm assuming I would still be able to pick up a lot on general credit...
IG credit at jefferies
Can anyone speak to the strengths of the IG desk at Jefferies ? In particular the credit analysis that supports the trading ? Also anything regarding atmosphere, comp, exits would be much appreciated. Thanks in advance.
How can we...
http://www.businessweek.com/magazine/content/11_2… How can I make money off of this?
credit report
Hello guys, whats a good credit score to have once your out of college and you have loans. Is it okay to have a score in the 600, 700s. Also, when BB 's are going to a background check would a 600 or 700 hurt you.
The "Going Balls Long" Debate
As this is often debated on the trading floor - why not do an open forum on WSO as well... Submit your antonym to the phrase, "balls long."
UBS Leveraged Finance Credit, Morgan Stanley TMT Credit, or RBC Capital Markets TMT Corporate Banking
Currently in an associate position with the Swiss BB firm - in the leveraged underwriting (credit) function. Have offer from Morgan Stanley for TMT credit, and offer from RBC Capital Markets in Corporate Banking in TMT . Trying to decide which is better place to be - RBC is front office in a bank...
DCM To....
Hi Guys, Had some queries for people who are experienced in this area of expertise. I am a first year analyst at a top BB (think MS/ GS etc .) and I work in DCM within the high grade sovereigns team. While initially interested in this sort of work, I have found myself more interested in the...
Credit Modelling?
Hey guys, I was wondering how useful is credit scoring and modelling in the finance world? I might get to move to a position that will allow me to do this sort of thing for a bank that does business lending at around 2m+ but outside of a few niche roles in commercial banking involving loans and...
Buyout candidate - Help!!
Assuming I spotted a LBO candidate (small cap), should I raise the idea to a PE firm (Big? Small?) or set up my own firm to do it? And with either choices, what are the procedures, risks and considerations?
GE Asset Management Trading / Assistant PM
Need help to prep for interview with GE Asset Management for High Grade Corporates Trading / Assistant Portfolio Manager seat. I have a couple years in flow trading on credit trading desk at top investment bank directly out of undergrad at an Ivy. First time interviewing for an junior PM + trading...
What major best prepares for Credit Risk Management?
I used the search function and couldn't find an answer to my question. I understand credit risk and market risk are the same thing. I was thinking that getting a degree in economics would be best, but is it more important to understand accounting. I also gave finance some thought but when looking...
Investing in Credit
First time post -- go easy... How would you guys assess how to invest across the debt portion of the capital structure for a particular company, i.e., say you're given the information for the term loan, senior bonds, and high yield bonds for one issuer -- which would you pick to long, and would you...
Interest Rates for LBO Model
I am building my first lbo model and I am wondering if you guys can provide me with or tell me how to find current rates for: -Term loan for BBB-rated consumer discretionary company -Subordinated notes for same company Thanks!
CS HK Credit Derivatives Trading OR DB Achieve Sophomore Diversity Internship
I have an offer from Credit Suisse Hong Kong in Fixed Income (Credit Derivatives Trading), and am waiting for a possible offer from Deutsche Bank's Achieve Sophomore Diversity Internship (probably in Sales & Trading) in NYC . I am from Asia (Japan and India) so I am interested in working in HK , but...
Risk Mgmt Bonuses at BB
Any idea what a mid-level credit risk bonuses are at BB firms? Recognize it varies, but trying to get a sense for what a VP middle office credit officer type pulls in for salary and bonus?
My Private Equity Market View
Going to go on a bit of a little rant because its all over the news, falsely in my opinion, and pissing me off - credit markets are thawing and LBO activity is coming back... This is utter BS , credit markets have thawed for either Investment Grade issuers and HY players capable of truly supporting...
Balance sheet Items to look for when extending credit?
Hey guys what items on the balance sheet do you look at to determine if a company is credit worthy? i.e. financial health 1) I would look at the current assets to current liabilities 2) Also total debt / assets Am I on the right track? what else do you guys look for?
Interview Help - Internship position with a hedge fund?
I have an interview coming up for an internship position with a hedge fund focused on distressed debt. I have been through various banking interviews and have experience with the behavioral question but am unsure what type of technical question to expect from this interview. would someone who has...
BB Credit Trading All-in Comp
Searched but couldn't find any solid figures about this. Anyone know what the ranges for all-in comp for credit trading at a BB are for the various levels? Analyst Assoc VP ED MD
Best charge card?
Anyone have recommendations for a non-Amex charge card (i.e., pay off in full each month)? I currently have the gold Amex and love it (mostly customer service, but small perks like rewards, etc.). I'm looking for a card to use when an establishment doesn't take Amex. I did a search on WSO and it...
Flow Credit Trading need help
Hi, I have a final round interviews for an analyst position on a credit trading desk next week and was wondering what kind of things should I know that would impress an interviewer. The firm mentioned that it would be a mixture of competency and technical interviews. I have an applied maths...
The path from Junior Trader to BSD?
Get ready- a trading question not involving “Do I need to learn Calc/C++/Relative Theory to get a trading job?” Nevertheless, I will begin an analyst program for a European Bank on its Credit Desk. Fortunately enough I did have the opportunity to intern at two top prop shops while at school;...
High Yield Credit to Lev Fin?
Hi everyone, I'm asking this question for a friend of mine who just started working in the high yield credit research department of a top BB (top 3 in research and with a ranked analyst). He wants to know if after one year of experience he will be able to move over to a good lev fin ibd group. What...
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