Showing results:
Displaying 101 - 150 of 273
Blackstone Credit internship program?
Was looking on linkedin and saw that Blackstone is offering an internship for their credit team: https://www.linkedin.com/jobs/view/2022-summer-an… obviously it's difficult to judge from just a LinkedIn posting, but I belive this is the first year they are taking interns for the credit division....
Case Study - Ares Energy and Infra (Senior Associate)
Hi all, have an upcoming case study with Ares Infrastructure.and Power I have been told the case will be 5 hours, but no other detail. Was wondering if anyone had any insight on what one could potentially expect or how best to prepare? They are a flexible capital investor so suspect it will involve...
How to Learn About Credit?
Hey all, I recently secured my junior offer and have been looking at the possible exits from the seat. All the typical IB exits are represented, but one thing that came up was credit. To be honest, I ignored learning about the buy-side since I focused 100% on IB and didn't think it was worth...
Credit arm of a PE firm - what to expect of an analyst interview
How do the technicals differ between say, an investment banking interview, and an interview for an analyst position at the credit arm of a large PE firm (Blackstone credit, KKR credit, etc)? This would be a position for junior year of college summer, if that context is helpful Thanks in advance for...
HH for Ares Alternative Credit
Hello all -- as the title says, I am trying to figure out who runs the recruiting process for Ares Alternative Credit team. I believe this team is responsible for investing out of the Pathfinder fund. Any info is appreciated. Thanks.
Analyzing Credit Fund Investing Opportunities
Recently came across a role (missed the boat on the application) that was focused on credit fund investments throughout various strategies (private lending, distressed, special situations). The role entails investing in credit funds, meeting with fund managers, diligence on credit fund strategy,...
Moving From Credit Research to Credit Trading?
Hey all, I am starting as a 1st year credit research analyst at one of the BB's soon and was curious about the flexibility to move from the publishing research role to a desk analyst/trader position. Just some questions below: How often do people make this switch/is it common? What sectors would...
Credit Fund Interviews Prep?
Hi all- Reposting this in the hedge fund forum I am interested in interviewing for credit funds in the near future and am wondering if the WSO PE interview guide would be worth it for me? I am currently in a debt focused role at a BB. The WSO PE interview guide for $299 includes the following: 9 LBO...
Buyside Infrastructure Investors: Where are you finding value?
It's a challenging deal environment out there for infrastructure investors. Particularly for credit investors, as borrowers can tap into so many sources of cheap credit: 1. For public companies, since bond markets are rocking there is no interest in a non-recourse financing with an asset manager. 2....
Restructuring Exits 2021?
Currently in a process to lateral to a mid-tier Rx group [Greenhill, Gugg, Jefferies, Rothschild]. What would potential exits from one of these groups look like? MF Credit? MM Credit? Distressed? Growth Equity? PE?
Credit Sales at BB (Summer Analyst)
Hey everyone, as the title says, I'm going for an upcoming sales summer analyst role at a BB next summer at their Credit desk. I've bounced around the forum a little bit and have seen some relevant literature (Fabozzi's Bond Market book, Annette Thau's Bond Book) that has been used as prep material....
Fixed Income Research
Hello! I am a credit analyst looking to move to the fixed income research side. I'd appreciate any help on pitching a bond for a potential interview - how to pick an investment, what should be included in the pitch etc., specifically on the IG Corp side. I am familiar with the basics of a credit...
3 Middle-Office Positions - Which One To Pick?
Although most people here are client-facing, I was wondering which groups of MO will tend to have better exposure to financial tasks that will best light up my resume for exit opportunities toward client-facing roles? To be more specific, I may have 3 potential offers: 1) a Deals Team Specialist...
Which hedge funds are TRULY capital structure agnostic?
I know a lot of funds that invest in both debt and equity securities, but most have separate teams (I.e Elliott). And then there’s special sits funds that will often structure deals with equity upside and things like that, but is there a list of hedge funds that are truly generalist across the...
Student interested in learning more about L/S & Credit
Hey All - I am interested in working at a HF upon graduating uni. I am currently studying at Oxbridge and have some internship experience in finance where I picked up essential modelling and valuation skills through the firm's training program. I have been reading into some HF strategies, namely L/S...
Moving from equity analyst to S/T--how to develop relationships?
Long story short; I've been a large cap equity analyst for a boutique IB for about 10 years now, and I'm now working on a new project--we're building an all electronic exchange for local currency denominated emerging market debt, starting in southeast Asia and planning to build out from there. Our...
Credit Training Class
Hello - does anyone know of a credit training class I can take? I am unemployed and would like to apply for those types of jobs and willing to pay for a class to learn that.. Thanks, Amy
Sourcing Credit Ideas
Curious to hear folks' approach - to those in the stressed / distressed credit space, how have you had success sourcing differentiated ideas? Obviously a simple price / YTM screen will get you a laundry list of names, but what other tricks do folks use to find ideas a bit more off the run (that...
Does anyone (that matters) hire from ratings?
For a FIG (non bank) ratings associate is IB or a PE role even remotely attainable? I’ve rated LBO. HY transactions and standard IG published research.
When to give up on buyside
All, Quick background on me: non-target, liberal arts guy guy bounced around a few temp backoffice jobs before landing in a ratings shop doing middle market/spec grade ratings. Been trying to break into the buyside for years now with no luck. Have had to send 100s of emails, eventually succeeded...
Private Equity vs. Private Credit
Hi Everyone, Long-time lurker over here currently at a credit hedge fund focusing on special situations and opportunistic credit. Haven't seen all that much about private credit vs. private equity. Been trying to assess whether I'd like to stay on the credit side or move to the equity side. I like...
Modeling Dividends with Respects to Cash Sweeps in Credit Model
I've been tasked with reconfiguring a credit model, orginally had a 100% cash sweep going straight to debt repayment, now an equity portion is being introduced with a dividend. My question is how to factor this dividend payment into the model? I need to know how much distribution the company can...
EB ECM vs. Buyside Credit
Hello all, if you had the opportunity to choose between either of these opportunities (Laz/Evercore ECM) versus (Bain Cap/KKR/Oaktree Credit), what would you consider as the pros and cons of each? Different experiences and different sectors, but great opportunities regardless, and curious what...
Q&A: Credit hedge fund analyst at MF, former BB trader
Mod Note (Andy): Q&A/Interview Tuesdays! Email me ([email protected]) if you'd like to do a Q&A or interview for WSO My background is working in a high yield/distressed trading desk as a research analyst and trader, before making the move to a credit hedge fund within one of the major PE...
Private Credit Interview
I have an upcoming second round interview at a private credit firm, and trying to get any insight on how to properly prepare. I have been in the credit lending space for the last couple years, but we specifically do senior lending. The firm I am interviewing at primarily does direct lending but also...
L/S Credit vs. L/S Equity
I am a current IB analyst (boutique) looking at the path of MF Credit (let's assume it's either Private Credit or HY / Distressed) --> L/S Credit HF vs. right to a L/S Equity HF. Curious what the differences would be in risk tolerance at both shops on the HF side of the equation, which I view as the...
MF - PE vs Credit/Special Opportunities Teams (of KKR, Brookfield, CVC etc)
Is one better than the other ? Harder to get into than the other or more or less the same? Do people with IBD M&A experience (no debt experience), move to the Credit/ Special Opportunity arms of the funds?
How to go about interpreting and projecting accruals or deferrals?
Not sure where to even start when interpreting and projecting accruals and deferrals. Like what do they even mean (specifically on the CF statement), since a lot of these numbers dont actually represent cash inflows/outflows but are just 'canceling out' what is recorded in net income
Emerging Market Structured Credit Solutions
Tomorrow I start my first rotation on an EM structured credit financing group, and I was wondering if anyone has worked in/currently work in a similar role. If so, can you describe some of the responsibilities of a junior member and any resources I can look as I familiarize myself last minute? The...
Projecting covenant EBITDA?
How do you guys usually go about projecting EBITDA used in credit agreement covenants? any advice would be appreciated, thx
Anything on Citadel Credit?
There was an old post on this topic with a interview with Marina Lutova Meyers, the previous credit PM, but I found credit guys at Citadel don't stay longer than 2-3 years. (maybe this is a citadel thing, rather than a credit team thing...) Pablo Salame, came to head the credit franchise, replacing...
Bond Math Examples
As someone with a credit interview coming up, I was wondering if you guys can provide some examples of bond math I might expect walking into an interview. Is it usually just solving for yield (YTM, HPY), or price? What is the way to approach these interview questions (liberal arts major so have no...
Credit Analyst vs Credit Risk Analyst vs Financial Analyst vs Financial Risk Analyst vs Risk Analyst
I'm about to be a graduate of the Class of COVID-19 from a non-target school. I'm exploring career opportunities in finance and, since there are so many of them with various titles, I often get confused about what the jobs entail. With that said, could somebody please explain the differences between...
Equity/Credit Research 2020 Bonus Discussion
Let's get a nice chain of 2020 comp data from folks in the credit and equity research space. I'll start: Title: Credit Research Associate (1st year) Rank: Bottom, first post-MBA job Firm Type/Size: Buy-side, $200B AUM Base/Bonus: $110/45 City Description: low COL city in U.S. Looking forward to...
Comvest Private Debt
Have an interview with these guys for their Chicago office - does anybody with more experience in private debt have opinions on this shop / their reputation? It sounds like they have been busy and are growing but haven’t been able to find much on them and I want to evaluate the opportunity...
Q&A: Equity Analyst & Trader (VP level) at $12+ bn Hedge Fund
I spent ~5 yrs on the sell side getting my own coverage in a financial services niche. Moved over to the buyside over 5 years ago to help build out an equity platform in a primarily credit shop (with a nuts and bolts operating business). The idea being to leverage our operational and business...
Onex credit
Any views on onex credit - credit analyst in their credit research team? Lifestyle, comp, reputation etc Thank you!
Clarion Partners
What is the general consensus on this company? Is it maybe core / core plus? Thanks .......................
Syndicated U.S. Corporate Loans - Credit Agreement Due Diligence
Hey, So I am doing a bit of research on the evaluation process for active portfolio managers of syndicated corporate loans in the secondary market when it comes to credit agreements. If you could be specific as possible that would be greatly helpful and I'll toss some silver bananas in your...
Does one need to be particularly good at math to work at a credit hedge fund?
I've got to decide which direction I'm going to take, & when it comes to hedge funds, I'm most interested in things that fall under the credit side--special situations, distressed debt, & activism (I know that's not exclusively, or even primarily credit). I have a decent understanding of...
Is formal Credit Training Valuable?
Hello all, I am currently deciding between two offers, both from regional commercial banks (~$10B in Assets). One offer is less money and offers a formal credit training program, while the second is a lot more money, but with no credit training. The goal is to move into a LevFin role down the line,...
Direct Lending Junior Comp
With direct lending becoming an increasingly popular field, I was curious if anyone had any insight into what typical comp looked like on the junior level. My understanding is that it’s slightly lower than PE and carries a lower base but higher bonus (at least as a proportion of total comp) to...
MM Corp Banking vs boutique (
Currently an analyst at a mid level Corp bank in the sponsors group. Underwriting deals with ~$50-$200mm EBITDA . Offer with more $ and title promo to go to distressed credit hedge fund. Distressed shop is small, has had difficulty fundraising (distressed HF allocation has been low due to frothy...
Strobel Education Courses
Anyone have experience with Strobel programs? My bank is paing for me to do the Finance and Accounting Class. I have a finance background as well as about done with my MBA . It seems to be heavy analysis, basic accounting, reporting, then moves to analytics and credit items. has anyone here attended...
MF Liquid Non-performing Credit
Has anyone interviewed at any of the MFs (AGM, BX , KKR) for an associate position in a non-performing liquid credit strategy role (pre MBA) and have any idea what the interview timeline usually looks like? Cheers
Career path - Direct Lending
Hi, I’ve been reading WSO since I was in college and now I’m 4 years into my career and would like to bounce some ideas off of the community around career path, and get any perspective I can from those of you that work on the credit side of things. To give some background: I work in the...
What is credit sales and trading and what are the exit opportunities?
Dear friends, I'm preparing for an interview in credit sales and trading and was wondering what do people do in this business. I have two years' experience as a CDO manager and alternative credit investment advisor. According to the headhunter, the position I'm about to interview will focus on...
Quants in Private Debt [Corporate Loans, ABS]
If you're at a quant shop, do you or your firm deploy automated trading to transact in illiquid private debt [broadly syndicated corporate loans, ? What could be improved on to improve your advantage and how do you compare to others on across the industry? If not and settlement times could be...
VC firm or Credit PE analyst––which will better position me for banking?
A close friend of mine is at a crossroads & needs some help. I'm going to turn over my account to him and let him ask the question: Hello everybody, I'm in a tough spot. I'm currently enrolled as a sophomore at a non-target. My freshman year, I worked/networked extremely hard and did a summer...
Principal Investments or Credit Opportunities fund?
Hi everyone, My background is M&A (2years) at elite boutique in London (think Moelis, Laz , PJT). I have now 2 opportunities: 1) join a Principal Investment team from a global asset manager (think Brookfield, PSP, CPPIB). Investments are done across the credit spectrum. They would for instance buy...
or Want to Sign up with your social account?