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What are my options if I do poorly at an HF in my initial years?
Just got an HF offer off-cycle informally through networking. I was supposed to start in BB IB after this gap year (new grad role but a year delayed) and now I'm debating what I should do. From reading other threads on here it seems like BB IB will open the most doors into big hedge funds, but I've...
S&T Desk Placement/ Networking
I am an incoming 2023 S&T summer analyst at a BB think (GS, Citi, MS). My long term goal is to eventually to exit and head to a HF and hopefully move up the ranks there. How important is it to network ahead of time to land on a desirable desks. Also what desks/products have the best exit...
Real Estate Hedge Fund (Groups)
Hi all - Looking to gain some insight into what working at a Real Estate specific HF or Real Estate Specific group at a HF would be like. I know this differs from REPE in terms of asset allocation , strategies, etc. But I don't know how so. Here are a few questions of mine to make things more...
London Analyst Salary, what do you think about it?
del........for ............confidentiality..................................................................................................
Fund Winding Down, made $$$, not sure what to do now?
I posted on WSO a few years ago that I started a micro fund with a friend I met at Harvard during a startup pitch; we invested that 1 milli for the past few years and after a bunch of nice swings in our favor he decided to wind down the fund. My cofounder is moving back to Shanghai to start some...
List of reputable equity SM hedge funds with longer term approach
Would anyone be kind enough to provide me some feedback with my following list of reputable SM hedge funds with long-term investing approaches? Small AUM is ok as long as founder is respected/good performance Himalaya Capital Shawspring Partners Abdiel Capital Coatue Lone Pine Capital Matrix Capital...
Jumping from PERE to HF. Advice?
Hi all, I work as an investment analyst (entry role) in real estate private equity in Europe. The firm has some name to it, being in the top 10 of the PERE list consistently and having multiple asset classes (PE, RE, Infra, Debt, etc.) The work I do ranges from buying single assets like an office,...
Citadel Global Equities Summer 2023
Has anyone gone through this process or is currently going through this process, I was wondering what the timeline is and how many interviews you had before receiving/not-receiving an offer.
Long Short hedge fund offer - questions before I accept
Hey guys, I recently got an offer to join a L/S market neutral fund that has 5B under management. I got a couple of questions:
Liquid Alternatives - Interview
Hi monkeys, I was invited for an interview for a Junior PM position from a Tier 1 fund. They manage Liquid Alternatives strategies, not a lot of info online on the specific strategies, funds are restricted on Bloomberg like hedge funds. My background is in AM, with focus on trading execution. I'm...
Startup HF straight from undergrad
I am a current rising sophomore studying at UVA/UMich and given that recruiting is starting soon for junior IB SA internships I was contemplating my career possibilities post graduation. I am very interested in joining a startup HF out of undergrad, despite its risks (low pay and opportunity cost),...
HF MO to FO?
Hi yall, I'm interning at a megafund this summer in the middle office. I would really love to receive a full-time offer in the front office, in this fund or another fund, as a trader or an analyst. I was wondering if you guys have seen people successfully do this in the past and have any advice on...
Oak Tree Listed Equity Group
Hello, Could we share our thoughts on Oak Tree Listed Equity Group? Would it be fair to think of this group as a "hedge-fund like" group within Oak Tree? What is the culture and compensation like? Thank you!
Should you engage in a bidding war with two competitive hedge fund offers?
Title says it all^ The two jobs are comparable in salary and “prestige”/name brand. The roles are slightly different though with the offer I’m leaning towards being the one with a better fit. That said, should I engage in a bidding war over a more competitive compensation? Just don’t want to...
SM hours and process
Is it true that SMs generally have fairly relaxed cultures, focused on long run and not really worried about earnings / daily moves? Seems like it is really dependent on PMs and some are basically trading shops that sell themselves as deep dive investors
Starting a Career in HF vs. PE
Hi All, Finishing my masters in finance next month and I have a few options for starting a career in either HF or PE. Would greatly appreciate any advice or insights. I really enjoy analytical work and telling a story with a compelling narrative. I really like my VC internship but it seems...
MM Risk Role
Wondering what those working in risk at MM HFs typically do. I'm talking centralised risk teams, not part of a pod / investment team. Is it a decent career path? What skills do you learn? Comp?
Revenue Sharing for Seeding
I’ve recently been hearing and reading about investors investing into emerging funds in exchange for a percentage of revenue. However, it’s very difficult to find what type of terms some of these investors and fund managers agree to. I’m sure there are a lot of variables such as the original...
Does working at top SM give you a huge leg up for MM PM spots?
See question above. Asking because there are multiple stories of senior analysts at top SMs (tiger cubs and usual suspects) get hired by citadel or another MM for a huge guarantee even if they did not have the track record due to the reputation of the SM. Is this actually the case or exaggerated?...
How often do you check prices of your holdings ?
I'm new in the industry and I feel like I spend a bit too much time in front of prices. So I wanted to have your view on : How many times per day do you/your peers check prices of your holdings ? Thanks
Final round interview : NY HF (amongst top-10 HFs by AUM), opening shop in China / India
How do I prepare for an "executive interview" (for an entry-level role) with the M. Partner at an HF?
Move from Europe to the US !!
Hello, Do you think it's doable to move from Europe to the US right after school if it's not an internal mobility ? I'm currently interning in a MMHF as a L/S analyst but I feel like I want to start my career in NYC. Thanks a lot (I'm not married to a US citizen)
MMF Senior Analyst Base Scales - any firm bumps in 2022?
Anyone have any examples of firm-wide MMF analyst base scales getting raised across any large pod shops this year (because of inflation)? I'm talking about firm-wide level base bumps for experienced senior analysts, not 1-off "generous" PMs. The big MMFs have somehow maintained their similar...
Modelling with Visible Alpha or IR website ?
Hello everyone, I am currently interning in a L/S team and I was wondering if it was considered lazy to model historicals with Visible Alpha instead of going on the official IR website year per year? I know it saves me time but I feel like I'm being lazy by doing this. Thx for your feedback
Tiger Global Management interview
As we probably all know Tiger Global Managment’s turnover for positions is very low compared to other HF’s. I’m sure even getting an interview at such a place is an achievement in itself as you generally have to be a top BX/Apollo ect analyst or associate. just curious, has anyone here ever...
Verition Fund Management - Rapid Growth, 4x Office Space
Anyone have insight into their performance? Must be pretty decent if they've 5x'ed in AUM in 2 years and just 4x'ed their NYC office space. Any insight into their expansion? https://www.bloomberg.com/news/articles/2022-04-2… Link to read if you don't have Bloomberg subscription:...
Interview Process Citadel
Hello, I'm currently interning at a MMHF in a L/S pod and in the process for a FT Associate position at Citadel Global Equities in London. Do you have an idea of the structure of the recruitment process before receiving a potential offer ? Secondly, the head of biz dev asked for my CV, but how will...
Sellside Trader to HF Transition
Hi WSO, I was wondering how hard it is to make a transition from sell-side trading at a "Hedge Advisory" (we do financial hedging for oil and gas companies) to a hedge fund or a prop desk? I joined the company when it was much smaller and have gotten experience in several areas of the business...
Going into Large AM (BlackRock) vs Small Hedge-Fund out of Undergrad
I am set on going into the buy-side after undergrad and am in final rounds with BlackRock, among other large AMs in NYC, and a small fund in a tier 3 city. The position at BlackRock would be in the Portfolio Management Group, in a Fixed Income desk focused on mostly global allocation. The fund is an...
Choice of university/college for an IB/PE/HF career
Hey everyone, I was recently accepted to study computer science at Columbia University in NYC and at Imperial in London for my undergraduate. The relative cost of attending Columbia would put me $350k in debt while Imperial would put me $100k in debt. Additionally, I would possibly get a second...
Q&A: Direct Lending to Associate at $5bn Distressed Hedge Fund
Open to any questions from people curious about the switch and my path to a distressed hedge fund. Background: graduated with a 3.7 from a semi-target state school, spent 2 years in direct lending then 1 year in restructuring before joining a public markets distressed debt fund. Also going to self...
Too Early to go to the Buyside?
Hey guys, Wanted to hear some opinions on my situation. I am about to wrap up my first year in M&A in London at a mid-market BB (good team). I am not burnt up or anything, but definitely I could do without working the hours we all do and the shitty lifestyle that comes with IB. I'd actually say...
Test Your Knowledge About Hedge Fund Reinsurance In This Insider Activity
A U.S.-based global insurance company (Company X) hired a new CEO who was serving as CEO of Company Y which he co-founded with Hedge Fund Z as a hedge fund reinsurer in his tax heaven hometown. According to public disclosures he no longer had any personal interest in Y when he joined X. But the same...
Questions to impress a Hedge Fund
I have the opportunity to meet with a variety of guys working at a hedge fund (analysts, investors, etc). What are some questions that I can ask to impress them while learning about their thought process and knowledge. These questions can be about specific stocks, technology, inflations, and...
How much capital do new recent grads get as "quantitative traders"? What happens if you lost your firm money?
If you just graduated college recently and now you are a "quantitative trader", what is the starting/maximum capital given to a NEW college grad by finance firms? Also, over the course of a year as a new "quantitative trader", if you lose the firm money after 1 year, what will happen to you? Would...
Prep and Best Practices for Starting at HF
Hi All, I recently accepted an offer at a fund in the healthcare / LS space. I have ~2 weeks off before I start my new role. Was wondering how you all would recommend I spend this free time? For reference I come from a non-IB or ER background, but have worked for ~2.5 years in the life sciences...
Point72 Analyst Program Questions
I recently was asked a detailed purchasing decision question by Point72. The question is as follows: Discuss a substantial purchasing decision that you recently made on a physical product and the process by which you arrived at your choice. Consider the following: What conclusion did you come to?...
Comp expectation at small HF
Hey guys, I recently got an offer at a L/S in NYC with roughly $500mm AUM, and I'd be the 4th person to join (2 IP, 1 operations). Base salary is $100k which matches what I currently make in Chicago, and I have not had a discussion on what bonus expectations should look like. I'm 2 years out of...
Diameter Is Credit’s Hottest Hedge Fund For One Reason: Speed
Article out there on Diameter a couple of months ago on Diameter being one of the top-performing shops in High Yield / Stressed. I know they are on the smarter side and often make the right calls, but can anyone comment on their culture, comp, work, etc. Hearing mixed things that the culture and...
Questioning Management
I'm very curious as to how everyone approaches Q&As with management at corporate events. Do you have a well thought out framework that you tailor to each company or do you tend to build out questions on the fly? I'm also wondering if anyone has good recommendations on books they have read that help...
Accretion/Dilution Analysis
For all my IB to HF/AM converts, when analyzing a recent merger/acquisition do you build out a full-scale M&A model or do you slap together a simple bare bones model including the pro forma statements? I realize the answer can vary depending on the situation. But let's use this simple example,...
Q&A: MM HF investment role out of non target ugrad
To get the typical q’s out of the way: Fund type - blue chip MM/MS Group - macro/commodities (commodities focused, won’t be more specific for anonymity) YOE/TC - in 3rd year, comp was ~ analyst 3 BB ish year 1, associate 3 BB ish year two. Base + 150, 300% roughly. First really big base bump...
Shenkman Capital Management Culture, Comp, etc
Can anyone comment on Shenkman Capital Management, seems to be little info out there for such a large asset manager. I gather that they are a long-only type manager with some alternative platforms, 30bn AUM range, and hear the analysts are sharp. Was wondering if anyone had additional insights or...
Competing with a friend for return offer
Both my friend and I are doing summer at the same buyside firm. I feel kinda awkward working together with him knowing that only one of us will get the return offer (as articulated to me by the analyst). It makes it even worse that we are on pretty good terms and now we got to try to outshine each...
Changing from the buy-side to the sell-side
I have seen various other threads broach this topic and it got me thinking what others views are on this career switch. My short bio: 4 years as an equity analyst at a boutique long/short fund and currently at business school in London. I am contemplating an opportunity on the sell-side at a BB. My...
HF vs PE vs FO
For those of us considering one or another after An2, what's the biggest difference. Consider a Coatue vs Warburg / KKR vs Willet. Some play both public and private, some just private.
How to Trade Options Like a Pro
Hi guys - this video runs through some very popular option spread trading strategies, including bull/bear spreads, box spreads, butterfly spreads, and calendar spreads. https://youtu.be/EhNqg2-eaXw
Hiring - Equity Long/Short Analyst
Hi all, description of the role below. If you are passionate about markets and fit the requirements below, this should be a fairly unique opportunity. Please email me your CV on the following email: shad_penne_0p[ at ]icloud[ dot ]com (not my real name). I will of course be able to share the name of...
Hiring - Equity Long/Short Analyst
Hi all, description of the role below. If you are passionate about markets and fit the requirements below, this should be a fairly unique opportunity. Please email me your CV on the following email: shad_penne_0p[ at ]icloud[ dot ]com (not my real name). I will of course be able to share the name of...
Sparta Capital Management Interview
Hi everyone, did anyone interview with Sparta Capital Management in the UK in the past and can talk about possible interview questions and compensation (e.g. Associate or post MBA role)? It is founded by Franck Tuil, a prior Elliot employee. >>> website spartacapital co UK Many thanks.
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