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What Does a Hedge Fund Do? (part 1)
From quora.com, op asked this question: I don't understand what hedge funds do (their impact on the market and what managers do in the company). Could someone give a layman's explanation? Andrei Kolodovski, Managing Partner, TRIZ Fund, had this top voted answer: [quote] A Hedge Fund is a type of...
The hedge fund job challenge... outside the US
I'm puzzled at how easy getting a hedge fund job in the US seems to be -at least relative to Europe-. Here in London you can try networking, recruiters, the odd cold email/phone call... but nothing comes along. It seems there are just no jobs out there. However, I'm subscribed to a few job alerts...
Developer / Hybrid Role at Hedge Fund???
Hello everyone, Long-time lurker, first time poster here. I'm currently working as a consultant at a technology company that provides risk man.- front/mid/back office solutions to hedge funds around the globe. (I'm in NYC , and I'm not at the technical side, more at the product side.) I recently got...
Is starting at ER better than HF, from a long term perspective?
Hi, I am a ultimate year student interested in working in hedge fund in the long run. However, I was wondering if starting my career at an hedge fund is necessarily the best choice. I understand that most buyside firms are lean in structure and don't have the manpower to train junior people. As...
Paulson buys Puerto Rican resort
I think the resort got hit pretty hard in the downturn. Haven't seen Paulson in hotels before. http://www.streetinsider.com/Hedge+Funds/John+Paulsons+Paulson+%26+Co.+…
Best jobs for IB/HF/PE rejects who want to give it a shot next year
Hi everyone in the WSO community, Let me start by saying I really appreciate everyone's contribution to this website. It is an invaluable tool. Knowing how valuable your time is I'll get straight to the point and keep it succinct. Like many of us here I want to get into IB and eventually HF or PE ,...
Engineer break into Hedge Fund?!
Hi, I hold a BSE & MSE in Electrical and Computer Engineering from a top engineering school. I have worked in few top tech firms (e.g. intel, microsoft, etc) Currently I am planning to attend one of top MBAs to study finance. Is it plausible/realistic for someone like me to break into hedge...
Hedge Fund Guru Answering Inbox Questions Here. Thanks Mr. Pink Money
Some of these messages are very old but I'm going to answer them anyway b/c I’m in a helpful mood. Question: How would I know what the career path for [this particular hedge fund]? Every fund has their own "career path"...it just depends what the founder thinks. Some give a shit and want to...
George Clooney Wants to School Hedge Fund Boss
Source: Deadline.com
Hi, I have cancer
I figured that the title would be luring to many of you. I'm 18 years old and was recently diagnosed with a form of cancer. It's treatable by taking a pill a day everyday for the rest of my life and has a 5 year survival rate of 90%. Will this stop me from ever working on Wall St or entering IB , PE...
SEC Votes to Lift 80-Year-Old Ban on Hedge-Fund Advertising
http://www.bloomberg.com/news/2013-07-09/sec-set-to-lift-80-year-old-ba… Thoughts on how this will affect the industry? What do you think really compelled the SEC to make this move, from their perspective?
At what point in your life did you get interested in finance?
I've been active on this site for a few months now. It is clear that the demographic range is large in a myriad of senses. Ever so often there is a college freshman or the occasional high school student posting questions about recruiting, interviews, targets, etc. I always found those posts...
The BlackHat Interview: 4/4
Mod (Andy) note: The much anticipated BlackHat interview is here ( see part 1, part 2, part 3 ). Questions came from myself and members of writing and intern teams. BIG thanks to BH for his really in-depth/quality/quick responses. I promise all of you will have some great takeaways from this series....
Compliance Mobility at HF/AM/IA
I was wondering if anyone could provide insight for Compliance and back office jobs in regards to mobility working at a hedge fund, Asset Management or investment advisor firm. I have an opportunity to move to one of those 3 and wanted to make sure it wouldn't put me in a dead end career wise. The...
Equity Research out of MBA
Hi everyone, I was recently accepted to the MBA program at Stern and am considering equity research as a post MBA path. I have a passion for markets, and while I am not so keen on the idea of focusing on one sector, I recognize that ER positions are a viable path to future opportunities in...
The BlackHat Interview: 3/4
Mod (Andy) note: The much anticipated BlackHat interview is here ( see part 1, part 2 ). Questions came from myself and members of writing and intern teams. BIG thanks to BH for his really in-depth/quality/quick responses. I promise all of you will have some great takeaways from this series. If you...
For those laid off
Tis the season to be laid off, tis the season to be jolly. Given the recent (and upcoming) slaughter in IB , I want to share my story with the simple message that things will and do work out. I was til recently a 3rd analyst at a BB . I was communicated back in June that the firm was not going to...
The BlackHat Interview: 2/4
Mod (Andy) note: The much anticipated BlackHat interview is here ( see part 1 here ). Questions came from myself and members of writing and intern teams. BIG thanks to BH for his really in-depth/quality/quick responses. I promise all of you will have some great takeaways from this series. If you...
Introduction + Equity Trade Support At Hedge Fund Question
Hey everyone, Been following the site for a while now and have really appreciated all the posts and the content which is available to someone like me trying to excel and succeed in such a competitive industry. I'm about to enter my senior year at a nontarget in NJ and have held two internships...
Event-Driven Funds - Squeeze-Out litigation in Europe
Fellow Monkeys, I'm trying to gather a list of event-driven funds in Europe, especially those taking minority positions in merger targets and then litigating for higher squeeze-out payments (or waiting for others to do so). 1) How would you categorize this? "Activist merger arbitrage" as a sub-set...
Tiger Cubs
I wanted to ping the WSO community and see if there are any users here that are analysts in the Tiger Cub network and would offer some insights. I work for a L/S fund with a value focus and our analysts have very little interaction with other funds. We spend essentially all of our time in SEC...
Which Offer To Accept
Offer 1: Boutique Consulting firm (50-60 people): They mainly do strategy consulting with 3 or 4 big tech companies (think apple, intel, etc). They also do a ton of marketing and some operations consulting. Offer 2: An Asset Management company . Well pwm company doing portfolio analysis. They mainly...
Breaking into Hedge Funds
I am 28, a Modeling and Simulation scientist at a large biotech company earning >100k/yr. I have been doing this job for two years. The work is highly quantitative and involves building relationships with folks in various departments in the company and solving problems analytically to reduce...
Partner Fund Mgmt
Any insight on this $3-5bn+ SF hedge fund? All helps, thanks.
Midsized Texas HFs
I am looking for a list of mid sized Texas hedge funds, in particular I am interested in value oriented funds. Any recommendations would be great!
Acquiring shares for control
I (we) are trying to acquire a greater percentage stake in a formerly public company. We currently have a significant control position, but would like to sell the company and require over 90% equity stake to not have to deal with sign-offs from the many disparate shareholders. There are no...
Verizon Investment Management Corp
Does anyone know anything about Verizon Investment Management? it sounds like an awesome gig with opportunities in Asset Management /allocation and what sounds kinda like PE / HF work.
David Einhorn is one of my Favorite People
The more I learn about David Einhorn, the more I admire him. Not only does he run a veru successful hedge fund, but he is known as an excellent and ruthless stock picker. He can't open his mouth about a stock without the stock moving. Someone posted on the Herbalife conference call thread a...
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.
James Altucher Lists His Failures, Depresses Everyone
http://www.businessinsider.com/james-altucher-mistakes-2013-4 [quote]When I was 18 I went to college and went about $50,000 in debt. Why would an 18 year old do that to themselves? I majored in computer science. 8 years later when I got a real job they made me take remedial programming classes after...
What is the appeal of mega-funds?
Just out of curiosity, would love to hear people's views on this: So many of us finance guys spend all their time worrying about getting into the top group at whatever bank so they can move to mega funds in private equity or big hedge funds, where the lifestyle can be close to if not just as bad as...
Hedge Fund of Funds Investing: A Monkey's Review
As the name suggests, a “Fund of funds” is a fee-based investment vehicle whose target is not individual stocks, bonds, or other instruments, but other hedge funds. The two largest benefits to investing in a fund of funds are that they tend to have lower capital requirements (making them more...
Purpose of LLC serving as GP of HF?
I used to work at a hedge fund, but I never handled the paperwork. I am starting my own now with one other person. I have set up an LP to be the investment vehicle, and an LLC that me and my partner each own half of, to be the GP of the LP. I was told this was necessary in order to claim carried...
New Global Macro Fund launched - TGSF Advisors
Jawad S. Mian, former CIBC and QInvest PM is starting a new global macro fund, The Good Society Fund (TGSF), see this presentation . Themes - Developed economy governments insolvent; burdening unemployment becoming a source for increased social and economic strain - Process of deleveraging and...
Part-time Investment Analyst at start-up hedge fund opinions
Hi guys: I was offered a part-time position (up until the firm moves its office from country X to Y) as an investment analyst at a start-up hedge fund in my city. The position's relevant work experience requirement is 0-1 years, and must have an BBA in finance. The fund manager is well-known and has...
FT Offer in Hand, but...
Hi, fellow monkeys. I just wanted to seek some advice. I did a MO SA at a semi-BB last summer and have a FT offer in hand. I'm a senior at an NYC non-target, 3.8 GPA. Recruiting season has been rough and despite talking to anyone and everyone and applying everywhere, I haven't been able to get...
Two year analyst programs at hedge funds
I have noticed that a lot of hedge funds offer two-year analyst programs similar to banking for post- IBD positions. What is the rationale behind that, and is this some sort of a red flag with regards to the kind of experience one might get? I can't shake this feeling that they have two year analyst...
Any hedgies going to this big event at Cipriani 42nd tonight? (Back)
15th Annual New York Open Your Heart to the Children Benefit looks like something big. I just happened to find this and the online ticket sales are closed. If I have to miss this one, I think there will be tears on my pillow tonight. Update: went and dropped 2k at the door for admission (shit). one...
Hedge Fund Interview Process Timeline
Background: I met a L/S multi-billion $ hedge fund PM at a conference, he told me he was growing his team and we exchanged info. I later did a phone interview, two in office interviews where I met with five people in total and performed an in office modeling test. I was finally asked to perform a...
Interview Prep for Event Driven HF?
I have an interview lined up with a typical event driven / special situations hedge fund for the next week. I invest on my own and my style is fairly easy to follow: value-driven, require margin of safety, clear catalysts, buy something that's hated / tumbled. I had interviews with several typical...
Hedge fund after one year of IBD
Has anyone made the jump after one year and would like to comment on some of the things one should consider? Any advice on recruiting for immediate start positions? I talked to all the well known headhunters including Dynamics / SearchOne, and I'm planning on starting to network on my own through my...
Boston - Tell me more
I just watched "The Town", and I want to work in Boston one day (Think 10 years down the line). Except for pension fund management, and a certain large endowment fund, I can't really think of much out there. I only ever faced two hedge funds there, one EM fund and one event driven one, but that also...
Ideas for finding Junior Trader interns
After about five years in S+T at various banks and buyside shops, I am starting up a hedge fund based in NYC and focused on Asian markets. Most of the securities we trade are OTC equity and currency derivatives. We commenced trading with 10 million usd in partner capital and have a lot on our plate...
Tiger Global's (Chase Coleman's Fund) Annual Letter
Does anyone have Tiger Global's Annual Letter? SB To anyone who can link me to it.
Help! Need interview advice for a global hedge fund/PE firm FT interview?
I've been networking my ass off for a FT offer and leveraging contacts from my previous internships. I have an interview for OPs at a massive fund. I never had ops interviews and am not entirely sure what to expect. If you are willing to help, I will PM you more information. Due to the nature of the...
Fork In the Road: Finance or Startup
Sorry for the long post. Big decision. Any input would be appreciated.
Very interesting article on the history of Bridgewater
http://www.zerohedge.com/news/2013-01-23/return-cash-beta- alpha -inside-look-worlds-biggest-and-most-successful-beta-hedge-fun
By the time you are 40 - The long term finance career paths
I am interested in some statistics of the long term finance career path. What are your estimates? (1) Among the first-year analyst class, the percentage of those who are still in finance at the age of 40. (2) For those who went to PE after analyst years,by the age of 40, the percentage of those who...
Credit Hedge Fund Salaries?
How do they compare against equity focused funds? Anyone have an idea on salary/bonus/culture?
RFP position at Hedge Fund
Hey guys, Got an interview coming up for an RFP position at a leading hedge fund. I come from a PB / PWM background working on the relationship side so would appreciate some assistance on how I should prepare for this? Thanks.
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