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Are the tiger cubs all that long term?
I know the view is that the top tiger cubs are all buy and hold investors (who have shorts to offset) with 2-5 year views, but looking at 13Fs and in meetings you notice there is still a decent amount of focus on quarters and earnings. What is the view from your experiences with them? Or are some...
Q&A: Founder/Tech Exec, Former Hedge Fund Research Director, SEAL Team Intelligence Officer, Consultant
Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference. Robert Frost Title summarizes the road I’ve traveled… consultant → intelligence community/SEAL Teams/Special Operations → director of research at a well known hedge fund → tech...
Do I need a referral to win a full-time position at a hedge fund?
I know it's rare for an undergraduate to go straight to working at a hedge fund, but I'm super-motivated and already have hedge fund internship experience, certifications, and more. What I keep reading about are referrals. Are these absolutely required to win a full-time offer at a smaller/medium...
Sources for understanding market neutral MM L/S
Was wondering apart from threads on this site, are there any good online sources or books for better preparing to work in a market neutral LS pod shop? Like anything on how analysts identify long short pairs etc.
Looking for a business partner/consultant with intimate HF knowledge
Hello everyone I have a background in clinical research (I analyze clinical trials). I recently started my own biotech consulting company that has a small network of SMEs. I want to analyze pivotal clinical trials of publicly traded companies and sell the reports to hedge funds. The reports would...
Undergrad Senior w/ IB offer takes CFA Level 1?
Hey guys, Looking for some advice here I go to a public target (UVA/Berkeley/Michigan/UTAustin) & I've secured a FT role from an upper mid-market bank in NYC (Jefferies/RBC/William Blair) doing IB. My goal is eventually jump into a L/S fundamental HF after my 1-2 year analyst stint and I've seen...
Investment Trends To Consider In 2022
As we have entered 2022, there is a mounting risk from the new Omicron variant. The pandemic can end in one of the two ways, either we achieve “zero Covid-19” or the disease becomes an ongoing part of the infectious diseases coterie. We believe societies will have to adapt to living alongside...
Q&A: Non-Target School to Portfolio Manager at a Top Hedge Fund – 6 Years Out of Undergrad
Hello Fellow Monkeys, For some background, I've been a member of the WSO community for years. Wasn't always the most active poster but, like for many others, WSO served as an immensely helpful source of information for me throughout undergrad. Especially coming from a non-target school, with a...
What would have to happen for the secular Equity HF decline to reverse?
Based on opinions expressed by people in this forum (and supported by what I have seen myself), the actively managed Long / Short Equity HF industry—as well as other HF sectors—is in a secular decline. (Fees are compressing as money is being pulled out, regulation/compliance keeps increasing,...
Credit Risk Analyst at Goldman Sachs - Exit Options?
Hey guys, I've accepted the offer to work as a Credit Risk Analyst for Goldman Sachs in Warsaw after I graduate. I love investing and stocks and my direction is to work in asset management, perhaps work for a hedge fund and start my own investment fund as I accrue skills and knowledge. I can't see...
3yrs buy-side experience - how to get to a LDN based HF
Hi folks - I'm looking for an effective path to get into an L/S HF in LDN.As a background:living in Europenon-target MSc in Financeworked 1.5yrs as an analyst on a growth long-only fundworked 1.5yrs as an analyst on a small L/S growth HF (current)I'm considering moving to LDN and wondering what I...
Bluefin rep?
Recently been approached by Bluefin for a quant trader role and struggling to find much about them - seems like they have some good people there from what little I can find out so not sure whether they’re strong but just secretive Anyone got any familiarity/insight into them and where they stand...
Why dont ALL Investment Banks and Hedge Funds and Private Equity Firms just invest in Apple stock and be done with it?
Finance is so complicated, you gotta know stuff like Discount-Cash-Flow, EBITA, Mergers & Acquisitions, Buy-Side Sell-Side, Algorithms, graduate from Harvard, work 100 hours a week and etc/etc. Why dont ALL Investment Banks, Hedge Funds and Private Equity Firms just put ALL their money into Apple...
Preference on large vs start-up hedge fund?
Want to get everyone's thoughts on the pros and cons for working in a large MM (Millenium/Citadel/Balyasny) vs a much smaller MM hedge fund? Interested on the learning capability/comp/career progressions here
Price and Volume Components for SaaS
What would be correct way to think of price and volume for a SaaS revenue build? The company I’m looking at is Tenable (TENB), a cybersecurity company. It doesn’t report ASP, just revenue by product type, overall billings (doesn’t segment into billing by product type), and only the average...
Who pays the capital gains taxes in stock trades involving hedge funds? Original Investor or Hedge Fund Company
Lets say an Investor gave $10 million to a hedge fund to trade stocks. After 9 months, those funds are now worth $15 million. The taxes owed are short-term capital gains taxes. But what I am confused about is; who pays these taxes? Is it the original investor because the funds are his? Is it the...
Hardest hedge fund technical questions
What are some of the hardest technical questions that you've been asked in a hedge fund interview?
What does it mean for a stock to "comp"?
I've heard this used in the following context: "How much is X company going to comp year over year?" What does this mean?
What is a Hedge fund and how is it different from a mutual fund?
A hedge refers to a position taken by an investor to reduce risk related to the price movements of an asset. An investor hedges against risk by taking an offsetting position in the market for related securities. Since it is impossible to eliminate the risk completely associated with security,...
Are there any FREE certificates I can earn on Linkedin to help my chances at getting a job in Investment Banks or Hedge Funds?
I dont want to pay thousands of dollars for a CFA designation. Nor paying hundreds-thousands of dollars for a IB/HF specific online learning course to earn a PASS badge. I am trying to use my Linkedin profile to connect myself with Investment Banks and Hedge Funds. Are there any well known "FREE"...
am I not being humble?
Hey guys, I recently joined a tech focused HF as an analyst, everything is going smooth except one thing, this dummy senior analyst in the team. We were doing the very preliminary work on an investment case that's very tech focused where the underlying technology was not easy to understand, me being...
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...
Never mind.
I am deleting my intro thread because I got a response that was not really what I was looking for. I don't think I joined the right forum. It was actually scary to read that many folks on this thread are hardcore racists (KKK types). No wonder you get negative responses. I really wish I could simply...
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?
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...
BB S&T for Junior SA...What if a career in S&T is not for me?
Hey monkeys. This is my first post on here, would like to get some genuine advice, maybe from older people in the industry. I'm doing my junior summer in S&T at a GS/MS/JPM. I like the people at the firm, I like the S&T lifestyle, and I know I find the content of the job interesting. However, I'm...
Top Hedge Fund and Finance Recruiters for Executive Positions in UAE (Dubai & Abu Dhabi) and the Middle-East
I am formulating a list of top recruiters in the Middle-East (especially UAE) for executive positions in the Finance Sector, particularly Hedge Funds. Any recommendations and suggestions would be greatly appreciated. Many thanks in advance!
Point72 Spring 2021 Experienced Academy Interview MegaThread
Figured many people are on the same boat, so wanted to start a thread. Has anyone received the HireVue yet?
GPA - How long does it matter?
How long does GPA matter in finance, asset management, or in the HF world? Does uni GPA still matter after your first job? After your second job out of school? At one point does it not matter at all if ever?
HF L/S Case Questions (Operating Cases and Quarterly Projection Period)
Had a few questions for an upcoming case study which I think are broad enough to be helpful for others: For a timed case study that only lasts a few hours, does it make sense to model in specific operating cases? If you are building a quarterly projection period, what is typically a good projection...
L/S strategy / HFs managers Prefer low-beta stocks?
Why is this the case? In other words, I've heard that a rise in a low beta stock is equivalent to a larger rise in a high beta stock. Is this because more of the volatility of a high beta stock is attributed to the market?
Screening for Bottoms-Up Investing
If you are asked on how you come up with an idea for shop that focused on bottoms-up investing, can you start by saying you try and understand recent history and current state of an industry? I'm somewhat confused how a bottoms-up screening process works because it seems understanding the industry...
Hedge Fund Risk Limits Explained
Could someone who has experience working at a L/S fund clearly explain how hedge funds observe the following risk limits: - What is the difference between market-neutral, beta-neutral, and having some X% of "net exposure"? - What is the difference between being factor-neutral and factor-aware? - Why...
Highest Payouts Among Multi-Managers
See other thread, accidentally posted late last night as decided to repost this morning. Need more characters to hit the word limit.
Life & Productivity Hack | Organizing IB Analyst / PE Associate Tasks
Hey Everyone, Recently read a great article on Morning Brew about Goal Setting. It sparked an idea to crowd source this forum not specifically for goal setting frameworks but for the best in class day-to-day organizational framework. I'm sure everyone who has done IB, PE, VC, HF, etc. has had days...
What is an earnings print?
What exactly does the term "earnings print" refer to? Could anyone provide a precise conceptual definition?
Hedge fund job for uncommun profile
Hi. To what extent a hedge fund would consider an “outsider” — with no economic background — for various tasks like geopolitical research, market and social trends and more administrative tasks ? I’m a PhD in geography / urban studies (with 4 books) trying to figure out the employment...
Do you guys know anything about these roles in Citadel?
Anyone know anything about the roles below? https://www.citadelsecurities.com/careers/details… https://www.citadelsecurities.com/careers/details… Also does anyone have any insight with Citadel's culture? Doesn't seem like the environment where they try to build you up (from a junior...
concentrated L/S market neutral strategies
Hello, From what I've read it seems like the big knock on L/S single manager funds is that they're just capturing beta/market cycles (e.g. tech growth funds that did really well this year are just benefiting from a risk-on environment) and the argument for MM funds is that the market neutral model...
Bashing the Culture at Coatue | BI Report
Bashing the culture at Coatue: https://www.businessinsider.com/coatue-quant-fund…
Buyside Investment Research Website
If anyone is looking for investment research written by fellow HF managers, I would encourage you to check out SumZero. I'm unable to post the link here, but if you google SumZero, you will find our website! Also, if you shoot me an email at christian@sumzero. com , I'm more than happy to set you up...
To everyone who left BB S&T: Where are you now?
Curious to hear where you guys went after your experience on the trading floor. This would be incredibly helpful for us younger folks in the industry! Undergrad Major : Years on Trading Floor : S&T Desk Role & Position : Where you are now : Salary/Comp : Any Advice? :
Target MS programs for buyside/prop trading in the UK
As the title says, can someone shed some light on the top math finance programs in the UK that are target for quant investing/trading roles in the buyside/prop trading firms? Thanks
Q&A: Analyst at a Hedge Fund-of-Funds Platform
Open to questions of any nature from students/recent grads/current professionals interested in hedge fund-of-fund platforms/portfolio analytics/product strategy. Background I am involved in constructing hedge FoF portfolios across the risk/return spectrum (focus mostly on broadly diversified...
How often will a HF Analyst or Associate need to listen to earnings calls?
Keeping up with the news is (of course) a huge part of the work being done as an analyst or associate, but how often is that just listening in and taking notes on an earnings call? They present essential information but I wonder about the difference in getting that information updated in models and...
Intro to HF resources/ help
Hey everyone, I'm currently a sophomore at IU Kelley and I'm interested in the Hedge Fund industry and wanted to get in depth and more know about it. I also would like to participate in a hedge fund competition in March and hopefully do well in. I do not have much knowledge about the industry and I...
MBA vs MS Financial Engineering
Hi all, I was let go due to restructuring at the beginning of the year. I'm trying to decide between an MBA and MS Financial Engineering. Looking to hopefully make the move to the buy-side in a trading/investment role and the job market has not been too kind lately. Some background about myself. -...
Common techniques to contain portfolio volatility and DDs at MM platforms (Millennium/Citadel/P72 or similar)
Would someone with actual work experience at a MM platform (Millennium/Citadel/P72/BAM or similar) be kind enough to offer a high-level overview of common techniques that are used to contain (a) portfolio volatility and (b) draw downs, to the platform's required parameters for a pod? I am thinking...
Profile evaluation for MSc Finance
Hi guys, I'm an average undergrad student(20 yo) from an average uni in Bangalore, India. GPA - 7.5, 2 internships in wealth management ( not well-known firms), 1 on-going internship in quantitative finance( not a well-known frim). I'll be writing CFA L1, feb 2021. yet to take the GMAT, I'll...
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