What are the best resources to prep for long / short equity recruiting (both pod shops and single managers)? For reference, I'm currently at a upper middle market PE / credit fund (2 years out of school). From my understanding of everything on this forum, basic prerequisites include 1) ability to work through 4 hour modeling tests, and 2) have a demonstrated interest in public markets investing with ability to talk individual names in depths Looking to see if there are any specific case studies / tests (or training sites) out there? Ideally anything that is also good prep for on the job tasks
14 Jul 2021
I'll admit I know very little about shorting. Equity research is not known for its abundance of sell ratings. But, as I contemplate a move to the buyside, I am trying to learn. It seems to me that successful shorts target companies with at least one of the following: (1) Blatant overvaluation (e.g. Facebook) (2) Failing business models (Best Buy, Newspapers) (3) Companies with incompetent management, fraud, misleading accounting, etc. (Enron, Allied Capital)
25 Oct 2012
hi peps, apologies if this topic has already been covered in previous posts. I am familiar with the PE landscape in London however if I was to name L/S equity funds beyond the large American platforms (i.e. Citadel, P72, DE Shaw) I would not know where to start. I did hear some great things about a fund called NAYA, run by an ex partner of The Childrens Investment Fund.
16 Jun 2020
I am about to start as an analyst at a fixed income hedge fund focused on relative value strategies. Its unclear to what extent I will get experience doing fundamental research, but it seems like I won't be doing a lot of it. I have a few months of free time this summer before I start work and am looking for a way to ensure my modelling skills are as good as those of my friends going into banking. What can I do besides practicing putting together models to ensure that this is the case? How can I prove to long/short equity hedge funds that I am worthy of interviewing and that I can carry out
18 May 2017
The Financial Times has recently released their top 10 Hedge Fund manager list, and no surprise here, it's pretty much a cross section of the funds found on this recent thread. (Which I just found out also has a link to the article… Moving on.) Net gains for investors since inception was the measure used to rank the managers and a lot of surprising facts about their returns were given, like did you know Eddie Lampert's ESL has earned more than British Airways over the same period?
15 Sep 2010
Inspired by a recent employer attractiveness survey, Jorge, an obscure yet devastatingly handsome writer for the world's premiere finance community, Wall Street Oasis, has decided to run a survey on who are the most attractive CEO's in Wall Street to work for. Choosing from over 20 nominees from the world's top banks, consulting, private equity, and fund management firms, monkeys from all over the world will vote in the comments section which 3 of the top CEOs, fund managers, or directors they want to work with the most. The winning CEOs will most likely not be notified of their victory, but
10 Nov 2010
It's a rare event when 2 big names in finance square off over a stock, and even rarer still that they take the battle public. And that's what's been going on lately when Fairholme Capital Management's Bruce Berkowitz took on Greenlight Capital's David Einhorn in an epic struggle I now call: The St. Joe Stockpicker Slugfest Here's the Tale of the tape: Bruce BerkowitzDavid Einhorn Age:N/A42 Education:UMass Amherst - cum laudeCornell - summa cum laude Investment Style:ValueValue Rough Annualized Returns:13%: 1999-200929%: 1996-2006 Known for:Gordon Gekko hairdo, keeping things on the down
16 Oct 2010
What are your thoughts on interning at a small long-short US equities hedge fund (20-50 mm AUM), if I"m hoping to move to into ER? I don't really have much finance experience, as I'm transitioning out of being a litigation attorney (finished law school almost 2 years ago). Working with this place will give me a chance to learn DCF modeling and some other skills that could be helpful on an ER job, especially since these guys don't work with a ton of sell side analysts, and so a lot more of the research work falls on the analysts at the fund itself.
02 Apr 2012
Hey guys I run a non-profit investment club that manages a long short equity portfolio called Quadrant Skew Capital. The purpose of the club is to build experience in equity research & portfolio management as well as for education initiatives. I launched an equity internship program which has trained over 200 interns including students from NYU Stern, London School of Economic and Princeton
02 Feb 2015
Hi - Has anyone read useful books / resources on how to analyze stocks, in particular with examples? Also is there a reading that includes L/S strategies? Missing books that lay out real cases, catalysts / edges and / or an industry perspective on stocks. Thanks
14 Mar 2014
Monkeys, Thought it would be helpful to see how some of the top firms construct their investment theses across various investment strategies (VC, growth equity, buyouts, long/short, etc). Please post any publicly-available memos from top firms that you have access to. To start off, here's Sequoia's original investment memo on Youtube: http://blogs.wsj.com/venturecapital/2014/05/02/he…
24 Jun 2015