Where are the HF Q&A's?
I haven't been on this site for too long but I have been here long enough to know that the presence of any people in HF's is almost non-existent. Right now time are tough for everyone and especially HF's (maybe not the HFT's) who are dealing non-stop with the stress that comes with holding a lot of money that could vanish at anytime. Even in these times of need, it would be nice for some hedge fund guys to show some love and give back (even though you don't owe us anything) a little bit of wisdom to those aspiring. Entitled millennial rant.....over Thank you for your time
I'm new around here. Are you asking for a thread like 'Hi I work at a $3B macro HF, AMA!!! xoxo :)' or do you have specific questions? If latter, fire away
What is the range of the most unconventional candidates you would hire for your hedge fund?
I feel like a dick answering this way, but "it depends." Me personally, I'd be down for anything! I think people from unconventional backgrounds, who are 'less qualified' on paper (I firmly believe that the metrics used to judge entry-level hires are absolute fucking bullshit and mean nothing–think GPA, finance clubs, school, etc... since when does that determine who's gonna be a rockstar?! Guys use them because they're convenient, not because they are informative) are the ones who add the most value to process (and hopefully, ultimately, returns). Obviously, a candidate will need to somehow convince me that he/she is hard working and intelligent (both 100% necessary conditions), but beyond that, I frankly don't care if the person graduated high school. Granted, I talk a big game–I haven't ever hired someone like that, because the opportunity hasn't presented itself. But I like to think that if like an illegal immigrant or something approached me saying 'I didn't graduate high school and I have no formal qualifications, but I've been working full-time to support my family since I was 12 and also spending my nights at the library teaching myself math, econ, finance, etc. and I want to work at a hedge fund' I would hire that person on the spot and do what it takes to hew their raw potential into $$$. A person like this would bring such a unique perspective, that I say 'conventionality be damned'
If conversely you imagine a prototypical firm that embodies the height of conventionality, it would be filled with target grad's (HYPS/Wharton) who did 2-4 yr stints in BB IBD, then made the jump to the buy-side, and they sit around on their asses all day plugging away on models and reading the same news as the rest of their buddies in other, similar shops. They've never taken big risks in life. They have always had the mommy and daddy safety net to fall back on (not always true, but often is). They've been insulated since the moment they started college. Being conventional in all these ways all but guarantees that you will be subject to the perils of group-think. Group-think, as you might imagine, is a very bad thing at a HF! IMO, such a conventional personality belongs in PE or IBD... stay the fuck out of my HF ;)
Disclaimer: my opinions come off as strong takes, but I'm much better at talking the talk than walking the walk wrt hiring lol
Both! Would be nice to have a separate thread where others can ask questions we all can learn from. I also have some specific questions that will probably be retarded and would like to pm :)
Don't have the bandwidth to do my own thread anytime soon, but feel free to PM. No such thing as a dumb question (for the most part)
Top 3-4 books you would recommend someone to read to give them a greater knowledge in anything pertaining to the world of HF?
This question is too broad... long/short? high frequency? exotic products? A good place for you to start might be a book called What Hedge Funds Really Do by Tucker Balch, a nice way to get your feet in the water
Like Macro Bruin, I am also always happy to answer questions, whether by PM or in this thread...
can we start a standalone HF ama thread for the frontpage under your username? let me know and ill post it up today or tomorrow
and then macro bruin if you want to chime in on that, feel free,
thanks guys
Martinghoul want to do a joint thread? (AndyLouis)
or I can just convert this thread into an official AMA and put it under one of your usernames
let me know!
Sure, I'd be more than happy to contribute...
can you post and then let me know and ill frontpage, thanks!
there are some HF AMA's in here, but they are a couple years old. I did one a few years ago, and I know of at least 3-4 other ones. If you want to work at a hedge fund, learn to use the search function.
Fair enough
Search by user and read any posts / threads by Bondarb or BlackHat ... WSO HF royalty
or Blastoise
Very productive comment. SB's for you mate.
Lol, I searched him and now I'm confused. Who was Blastoise?
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