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Move from HF to Prop Shop?
Do you guys think this is generally a bad idea? Currently working @ Platform (millennium, citadel, p72, schonfeld type) Payout is ok, and I dont mind taking stress + working long hours, but I dont see much forward here - I dont find much learning opportunities. The opportunity is there, but I need...
TCI Process and work experience?
hi fellow monkeys, Does anyone have any experience with TCI process or work/culture? I could be part of the process. There is no info online! thanks in advance, Pickles
HF Partnership Interview Advice?
Hi Everyone, I'm currently interviewing with a HF ($1-3B AUM) for a Partnership Development role (similar to Deal Origination in PE). Essentially I'd be sourcing partnership opportunities for my higher ups to evaluate. I have a finance background and degree but currently work in a busdev role in...
LO High Yield Credit > L/S HF?
Is this a natural or feasible progression? Where is the lapse in skill set? Also curious about skill transferability to LO deep value (Baupost type)
PRINCETON OR UCHICAGO (HF/VC UNDERGRAD)???
I've just been taken off the Princeton undergrad waitlist, I've already committed to UChicago but it is not too late to switch. Out of Princeton and UChicago, which school is stronger for HF out of undergrad? Considering many things such as education, network, alumni connection, job placement, and...
Tips to improve/perform in a Buy-Side Hedge Fund Analyst role
I am a TMT Equity Research Analyst for a Hedge Fund in Brazil, got in straight out of uni. The main fund I am in has $4B, half of it dedicated to overseas markets (mainly US). The main team I am in is a Long-Short portfolio consisting of ~$150MM. We are a relatively small team fund consisting of...
Leaving new Tiger Cub hedge fund for startup
Hi everyone, I currently work at one of the tiger cub spin offs (D1 Capital/Anomaly Capital) and was wondering if I could get career advice from anyone of the older audience on here. I was able to join one of these funds at the ground floor. I’m currently an analyst and have a clear path forward...
Fixed Income Research Associate Role
I have an offer from a top asset manager (Blackrock/Fidelity/Wellington) for a fixed income research associate role. I initially wanted to go into equity research although prioritized ending up on the buyside over staying in equities. I do find fixed income just as if not more interesting than...
CFA® needed for HF?
I am an undergrad at a lower Ivy. The pool of competition over the years has gotten fiercer and the opportunities for HF have gotten smaller. With the pool getting that much bigger, how much would a CFA® stand out for HF?
Axe Capital
Large market hedge fund dedicated to finding creative solutions to current investment needs. Niches in real estate and EV are important to this fund.
How can a CS grad get a buy-side gig?
Hey all, I am a fresh graduate with a degree in computer science, but with only some academic research and non-finance data science experiences on my resume. Since investing is what I want to do long-term, and I think that getting a job where the bulk of the time spent doing that job would let me...
HF after undergrad?
My ultimate goal is to work as a fundamental analyst at a large hedge fund, and will be attending a "borderline" Canadian target. Would it be better to start off in a smaller, less reputed fund and work at it for 2-3 years, or is it better just to stick to a sell-side IB role and then make the...
Interview response timeline
How long does it usually take for a credit fund (AUM ~ 50bn, 500 employees) to get back after interviews. I've done 12 interviews with a credit fund in 3 stages the last stage being nearly a fortnight ago. The partner replied to my thank you email saying we'll be in touch 'in due course'. Should I...
Yale, UChicago, Brown, or Dartmouth?! Skipping IB straight to HF/VC
I've been accepted to the above schools. Some of the discussions have a consensus that Yale through connection opportunities outweigh the other schools for HF/VC opportunities out of undergrad even though UChicago and Dartmouth have a large finance placement. Brown has a large consulting placement...
Best Foot-In-The-Door School for Hedge Funds and VC? Yale, UChicago, Dartmouth?
I'm a nontraditional student newly out of active duty military. I've been admitted to a few good schools. Though, my school choice will ultimately depend on the job opportunities post-undergrad. My school choices are Yale, UChicago, and Dartmouth. Dartmouth and UChicago have a large focus on the...
My algos are up 57% YTD. I want to sell them.
I’m an engineer trading prop using algorithms I built. I’m currently the top trader using these algorithms, and looking to sell them to a hedge fund to move on to my real life passions. But, I do not know where to start. Has anyone sold algorithms to a HF here or purchased algorithms for a HF?...
Highest earning portfolio managers
I’m in cal BC right now and I was wondering we all hear about how much top hedge fund managers make but we never hear about how much their rainmakers bring in. Saw a comment that said Grant wonders ( Viking ) brought in 30mn in a year and the Pershing square guy who thought of the CDS trade made...
Approaching the HF Case Study
Have an upcoming case study with a MM this month and was wondering if anyone has any updated views on approaching the case study. Likely will be 4 hours in length and similar to ones discussed on prior topics with ~2 years of transcripts, 10-q/k's, etc. Is fine-tuning the model essential? I can...
Persistent Asset Management
I have just graduated from university and will be going for an interview with this company called Persistent Asset Management in the fund of hedge fund space. I tried to google and could not find much information. Took a glance at linkedin and the employees seem to be from decent background...
Breaking into a Hedge Fund from Middle Market ER
I'm curious to learn more about the exit opportunities that one could expect as a sell-side ER analyst /associate for a middle market firm ( Jefferies /Truist/Blair/ Cowen / Stifel /Piper). Specifically, I am wondering what quality of placements these firms get with hedge funds or asset managers ....
MM HF Opportunity vs BB IB Opportunity
Current student here, I have been thinking through some career options and thought I would hop on to see if I could get some constructive opinions. My long-term goal is to work at SM/Tiger Cub HF. I'm interning at one right now (which doesn't hire out of undergrad) so at this point, I am pretty...
Where will I learn more? Single PM or larger firm?
I started my career at a small quant firm, and have spent a couple years in a PE-ish role. I'm looking to move to a public market buy-side role. 5 - 10 years down the road I'd love to start my own shop, or at the very least be running my own book somewhere. I just started actively recruiting and am...
Switching from PE to HF
I'm just coming up on a year in large cap PE in London, and have various recruiters / headhunters reaching out about roles at HFs. I've been a bit frustrated in year 1 by the amount of portfolio / sell-side work we do vs. actual "investing", so it sounds like something that could be appealing but I...
Investment analyst at a HF/Investment firm in SF
Hi guys, I work at a HF (AUM ~USD 10bn+) in Toronto, Canada within research. It is a fundamental, long only investment firm. I am considering a move to SF or NY in 2022. Any suggestions would be appreciated. Thanks.
NYU Stern HF Recruiting
Hey guys, I'm pretty new to all the finance stuff but I wanted to know if any hedge funds recruit directly out of undergrad for nyu. Also I know these questions come across as like bruh this kid thinks he can go straight to buyside what an egotistical idiot. My bad if I'm coming across like that I...
Do you talk to analysts at other HFs?
Curious if other people discuss ideas and vet things back and forth with a network outside of their own firm or have any feedback on this.
VC vs Hedge Fund
Lets say you are at the beginning of your career, just out of college and have an offer from a VC firm (Investment Analyst position) from which you would go on to do more VC later on an Asset Management firm (Equity Analyst position) from which you would aim to move on to a boutique L/S hedgefund....
CS Private Fund Group to Hedge Fund
Hey, Just wondering how realistic it is to exit into a Hedge Fund from Credit Suisse's Private Fund Group. What steps would one need to take to increase the likelihood of a successful transition? Who should one work on impressing, what certifications should one obtain, etc. ? Thanks for any and all...
State of Market – Jan 2021
There's blood in the streets right now; obviously, we all know about Melvin and their >30% losses, but P72 just came out with their 10-15% loss, and Maplelane also down 30%. I expect to see the other funds coming out with their numbers, but based on these L/S spreads, I don't expect them to be great...
Forecasting line items
Apologies if this is a dumb question. When doing a case study given a ticker and no template/instructions, how do you forecast out CFO if there are like 20 line items? Should I just group them into general working capital inputs (AR, AP, accrued expenses, etc) and go from there?
Does Citadel Equities L/S Re-Interview?
Recently got to the final case round but got passed on at the final round. Is Citadel / its equities umbrellas open to re-interviewing, or is there a blacklist period? Does anyone have experience falling out with one PM but getting hired with another at the same MM, especially Citadel? Would be...
Transitioning from MM/platform model to LO/SM or even into growth equity/PE
Hi all, Having a bit of an identity crisis and hoping the good people of the forum can help me out. I'm a 2nd year analyst at a multi-manager L/S equity HF that I joined out of undergrad. For background, I went to a target school, had a solid GPA/major, and took the job because I thought it would be...
How good is BMath/Financial Analysis and Risk Management at UWaterloo
I feel so sorry to bring topics like this to WSO, and usually would make do with already available threads but I couldn't find anything in detail on this topic. I am an International Student accepted into BMath/FARM at Waterloo. I just simply want to know if this program is worth it for getting into...
IP Law grad to Compliance Consulting, to possibly HF/PE?!
Hey y'all, I'm about to finish my LLM (masters of laws) in Intellectual Property Law (top LLM school v my previous lower-regional JD) and have passed the patent bar. I'm about to finish my program but have slowly been getting less and less excited about getting locked into a law career, although IP...
Move from IB Tech to Hedge Fund Tech Roles
I’ve been in a tech analyst role in a Tier 1 IB for over two years and have been recently looking at the option of transitioning on to a hedge fund (Citadel / JS), mainly due to the potential for higher comp and less cap on bonuses - curious to hear peoples opinions on tech roles in HF and how...
Any insight on what an Execution Trader does in a fund?
Hi guys, I have some knowledge to what an Execution trader does from a bulge bracket perspective (i.e. get the orders from buy side and try to execute it and try to achieve best price). Any insight as to what an Execution Trader does at quant/systematic fund or a hedge fund? Is it a good role?
How long to expect to decide on HF offer?
I tried searching for this and found that people have said HFs usually give anywhere from 2 days to 2 weeks to decide on an offer. Just wanted to see if people had anecdotes with things wildly different. Also I saw a thread on hiring a lawyer to review the employment contract, so depending on how...
Interesting Investor Letters from 2020/2021?
Wondering if anyone has come across any interesting investor letters from recent quarters. Interested in those from L/S funds, but imagine there are plenty of good reads from other strategies that address topics with broad implications. Appreciate it.
I Gave Up on Buyside Recruiting - Dropping Prep Materials + Technicals
Hello fellow monkeys. Recently, I decided to give up on buyside recruiting and stay on as an Associate in IB. I realized I simply didn't want it enough and just ran out of energy to dedicate to the search. I've also frankly enjoyed my time in IB a lot and look forward to continuing my path here. A...
Soph Summer Internships
Lmao this was a brutal thread. Cheers to my younger self for being such a goon. To anyone who’s here now, know that recruiting is so early that sophomore summer isn’t even that important. Cheers!
Helpful Skills To Learn For Wall Street?
I am going to be a freshman in college next year studying Econ and I am currently looking for things to learn that will help me as I prepare for a career on Wall Street. With COVID I have a good amount of free time, and I’m wondering what are good areas to gain knowledge in. I know it may seem...
Question for current multi manager analysts / associates / PMs...
Hey guys, I'm a second year analyst in IB coverage - interviewing with a few different MM's for TMT seats. Was hoping to get some color on others experience transitioning from banking to a MM fund. - What was the biggest challenge for you early on? - What were the first couple months like in terms...
London: Top MM Hedge Fund - Compensation - financial planning
I just started working for a top hedge fund (think Point 72, Citadel, Millennium, Balyasny) in London. This is with little experience (c1 years in Equity Research / IBD) I am currently making a financial plan and I was hoping that some of the more experienced HF people could provide their thoughts...
Talking to customers - scuttlebutt
How do you approach engaging with customers during the diligence on a specific name? I understand expert networks can be helpful in this regard but does anyone engage in direct outreach or other methods (specifically more cost effective approaches)? How do you incentivize them to speak with you in...
Hedge/Investment Fund Founders - I Would Love to Hear your Individual Experiences & Stories
I'm currently a third year student in college and will be participating in a summer analyst program at a BB investment bank this year. I'm pretty focused on doing as well as possible to get a full-time offer and hopefully jumping over to the buy-side at a long/short fundamentals-based fund at some...
Is a hedge fund based on Sports betting legal?
I just found an alternative fund that claims they invest in an alternative asset class which is immune to recessions & market crashes. They put money in sport bets in Soccer, Basketball, Baseball, Football and Horse Racing. Is this even legal? How their returns may compare to more typical funds?
Davidson Kempner, the most secretive of large HFs?
There isn't much information out there on DK, even though it seems to be a very large and well performing HF. Do people never leave this place and hence no one can talk about it? How good is their reputation? (both in L/S and event-driven) What's the culture like? How competitive is compensation?
What to expect with this weird interview HF process?
hi folks - need some insight here. So for background context I have been contacted by a 3rd part recruiter about role in a hedge fund - he connected me with the HF HR/Recruiter I spoke with the HF recruiter - that went well HF recruiter connected me with the head of the team - interview went really...
Starting a fund
Ask questions about starting a fund. I Have a couple of questions... Can one charge a performance fee of 30% per month for a Forex fund? When forming the LLC under the business activity what should it be named? When forming the P.P.M and the L.P documents what is important to include in those...
Seeking Advice on Breaking into HF Post MBA
Hi Everyone, Wanted to know what is the best way to position myself for breaking into an HF post MBA. A brief background on myself - I am currently a 1st-year student at M7 school but not H/S/W and before my MBA worked in Sales & Trading. Currently interning at a small long/short fund between 200MM...
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