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hedge fund expert taking questions
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Date: September 6th, 2010 5:27 PM Author: bateful shrine (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980046) |
Date: September 6th, 2010 5:27 PM Author: insanely creepy windowlicker market what is the most prestigious hedge fund investment strategy (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980056) |
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Date: September 6th, 2010 5:30 PM Author: bateful shrine some sort of activist strategy (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980085) |
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Date: September 6th, 2010 7:51 PM Author: seedy affirmative action pocket flask Best firms that do this other than harbinger. Tyia. (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981427) |
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Date: September 6th, 2010 8:04 PM Author: bateful shrine Pershing Square (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981552) |
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Date: September 6th, 2010 8:30 PM Author: seedy affirmative action pocket flask Anyone else?
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Date: September 6th, 2010 5:30 PM Author: amethyst property what percentage of people in the industry display sociopathic traits? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980086) |
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Date: September 6th, 2010 5:31 PM Author: bateful shrine >0% (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980094) |
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Date: September 6th, 2010 5:32 PM Author: Mildly autistic national security agency hospital your 5 favorite hedge funds currently? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980106) |
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Date: September 6th, 2010 5:34 PM Author: bateful shrine greenlight third point pershing square lightspeed golden tree |
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Date: September 6th, 2010 5:35 PM Author: Costumed Galvanic Heaven Kitty never heard of golden tree. are they in nyc?
daniel loeb is a 180 |
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Date: September 6th, 2010 5:37 PM Author: bateful shrine yes. high yield / distressed / cap structure arb manager
http://www.goldentree.com/index.cfm?sID=1315&cID=6319 |
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Date: September 6th, 2010 5:39 PM Author: Mildly autistic national security agency hospital do you know people who work at any of those firms? are they super bright? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980171) |
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Date: September 6th, 2010 5:42 PM Author: bateful shrine not personally but professionally i do. yes they are. you're also pretty bright too. (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980195) |
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Date: September 6th, 2010 5:34 PM Author: amethyst property would you say >20%? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980129) |
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Date: September 6th, 2010 5:39 PM Author: bateful shrine no (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980170) |
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Date: September 6th, 2010 5:33 PM Author: sinister dashing locus Thoughts on TEH JEWS's overbearing financial ponzi scheme? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980111) |
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Date: September 6th, 2010 5:34 PM Author: puce swashbuckling hunting ground You give the jews way too much credit (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980119) |
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Date: September 6th, 2010 5:35 PM Author: sinister dashing locus they definitely "won", that's for sure (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980135) |
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Date: September 6th, 2010 5:36 PM Author: puce swashbuckling hunting ground Top finance places have just as many asians as jews, and more wasps than either. Those people kick ass, but giving jews all the credit for it is lame. (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980144) |
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Date: September 6th, 2010 5:33 PM Author: Sick sanctuary jew? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980112) |
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Date: September 6th, 2010 5:37 PM Author: Thriller Theater should I make myself a lemonade or a limeade? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980156) |
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Date: September 6th, 2010 5:39 PM Author: bateful shrine when life gives you lemons make limeade (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980172) |
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Date: September 6th, 2010 5:40 PM Author: Thriller Theater *nods* (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980178) |
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Date: September 6th, 2010 5:46 PM Author: sinister dashing locus Do teh jews actually sacrifice goats and drink their blood right before quarterly earnings are announced? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980218) |
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Date: September 6th, 2010 6:48 PM Author: Topaz roommate What's the minimum LP commitment an individual has to make to get into a halfway decent fund? $1 million? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980806) |
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Date: September 6th, 2010 6:59 PM Author: bateful shrine "halfway decent fund" is really open to interpretation.
id say for a decent established fund (like the ones I mentioned), yeah at least $1mm. of course sometimes feeder funds offer you to ability to invest with those managers at much lower minimums.
there are also newer managers hungry for capital who are probably open to lower LP commitments too but i think they're very hard to find without decent contacts. |
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Date: September 6th, 2010 7:41 PM Author: Topaz roommate For your own money, would you rather put $1 million into a halfway decent hedge fund or a halfway decent pe fund? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981337) |
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Date: September 6th, 2010 8:02 PM Author: bateful shrine it would depend on the strategy of the hedge fund (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981532) |
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Date: September 6th, 2010 8:35 PM Author: Topaz roommate how about merg arb? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981801) |
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Date: September 6th, 2010 8:43 PM Author: bateful shrine VERY INTERESTING!
I think a) lower interest rates plus b) excess cash on balances sheets will lead to more deals being done. But are the spreads going to be there? I guess so man, I guess so because my sense is that peepLOL are still nervous about the economy, foreign debt defaults, insert cause of moment here. So if you can find a skilled manager in that space (Kellner Cohen DiLeo comes to mind as a "pure" merger arb manager but a lot of managers invest in merger arb as more "Event Driven" approach) I think the returns can be quite attractive with low correlation to equities overall. I just wouldn't invest money I need back in the next say 2 -3 years or so. |
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Date: September 6th, 2010 8:46 PM Author: Topaz roommate What do hedge fund guys invest in? Do you guys just dump all your money into your fund (do you have opporunities to leverage up the investment?) Or do you do the opposite due to correlation between bonus and fund performance and put everything in cash? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981899) |
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Date: September 6th, 2010 8:52 PM Author: bateful shrine well, i think it's common for the founders to have like 98% of the liquid net worth invested in their own fund. that's a big red flag if the owners dont have any skin in the game. so they can leverage that in sofaras the fund itself is leveraged overall but i dont think you can invest in a hedge fund "on margin" per say. this is also pretty common for staff (more senior analysts, traders,head of ops, etc) that meet the SEC standards for qualified investors. it's also not uncommon to see accounts for family members managed in perhaps a seperately managed account style e.g. put highest conviction long idea into an ira for your wife, for example.
other than that i think it varies individual to individual. i would like to think a lot stick to index funds but who knows? |
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Date: September 6th, 2010 8:53 PM Author: Topaz roommate Cool, thanks. (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981967) |
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Date: September 6th, 2010 8:58 PM Author: bateful shrine what do you want to do when we hang out? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982006) |
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Date: September 6th, 2010 9:03 PM Author: Topaz roommate IDK, what do you want to do (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982052) |
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Date: September 6th, 2010 7:54 PM Author: fuchsia massive casino what do u think of ucits? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981456) |
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Date: September 6th, 2010 8:02 PM Author: bateful shrine im not european (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981538) |
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Date: September 6th, 2010 8:35 PM Author: Azure faggot firefighter persian What do you do? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981797) |
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Date: September 6th, 2010 8:44 PM Author: bateful shrine fuck black women hth (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981877) |
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Date: September 6th, 2010 8:45 PM Author: Azure faggot firefighter persian How did you become an HF expert? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981893) |
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Date: September 6th, 2010 8:35 PM Author: odious fantasy-prone circlehead what should hurdle rates be tied to? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981803) |
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Date: September 6th, 2010 8:44 PM Author: bateful shrine t-bill plus say 200 to 300 basis points is quite common. does that make the most sense? i think itdoes (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981881) |
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Date: September 6th, 2010 8:45 PM Author: odious fantasy-prone circlehead libor (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981894) |
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Date: September 6th, 2010 8:46 PM Author: bateful shrine not for a fund fallng under the "absolute return" umbrella (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981907) |
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Date: September 6th, 2010 8:53 PM Author: odious fantasy-prone circlehead do you favor convertible or statistical arb? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981968) |
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Date: September 6th, 2010 8:58 PM Author: bateful shrine convertible arb, for sure.
stat arb is one of those things that works up until it doesnt (like your del sol, no?). plus it tends to be more of a "black box" strategy which makes me uncomfortable. convert arb is more fundamentally based and i think it's easier to understand the risk/reward associated with it. stat arb goes to shiTTT in periods of high stress ala end of 2008. |
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Date: September 6th, 2010 8:59 PM Author: odious fantasy-prone circlehead are you conflating stat arb with the martingale betting system? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982015) |
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Date: September 6th, 2010 9:04 PM Author: bateful shrine can you hide a row in Excel without getting help?
lol j/k bro. from what i understand they have things in common sure. but each fund has their own little twists,etc |
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Date: September 6th, 2010 9:08 PM Author: odious fantasy-prone circlehead y would i ever use excel? seriously? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982081) |
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Date: September 6th, 2010 9:11 PM Author: bateful shrine man idk sometimes i just like to ask questions (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982099) |
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Date: September 6th, 2010 9:13 PM Author: odious fantasy-prone circlehead what are the 2 inputs to determine the theoretical value of an option? hint: volatility is one. (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982119) |
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Date: September 6th, 2010 9:18 PM Author: bateful shrine there are more than two: time in/out of the money volatility |
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Date: September 6th, 2010 9:20 PM Author: odious fantasy-prone circlehead ding! price of the underlier.
it is monotonically increasing function of sigma (estimate of future volatility). |
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Date: September 6th, 2010 9:22 PM Author: bateful shrine price of the underlier = in/out of the money (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982189) |
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Date: September 6th, 2010 9:23 PM Author: odious fantasy-prone circlehead do you understand "implied" volatility? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982196) |
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Date: September 6th, 2010 9:25 PM Author: bateful shrine uh, yeah. whats the issue here, chief? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982212) |
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Date: September 6th, 2010 8:36 PM Author: zippy clown equities vs. cash vs. bonds?
what's a good ratio mix at the top of your head? |
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Date: September 6th, 2010 8:45 PM Author: bateful shrine depends on your time horizon as in when you need the money back (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15981890) |
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Date: September 6th, 2010 8:55 PM Author: Mind-boggling brunch whats the possibility of transferring from an economic consultant (top firm) to a hedge fund analyst position after a year at the consultancy?
target ivy ug, would likely meet any grade cutoffs though not stellar grades |
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Date: September 6th, 2010 9:01 PM Author: bateful shrine is your work more microecon focused? (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982030) |
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Date: September 6th, 2010 9:03 PM Author: Mind-boggling brunch ya (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15982048) |
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Date: September 6th, 2010 9:07 PM Author: bateful shrine definitely. it's not impossible depending on how you present yourself and the strategy of the fund. some may be interested. some may be not because of no IB background
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Date: September 6th, 2010 9:08 PM Author: Mind-boggling brunch cool, thanks man
what strategies do you think would be most receptive to this sort of background |
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Date: September 6th, 2010 9:12 PM Author: bateful shrine depending on the sort of stuff you're doing now: equity long / short that is bottoms up focused merger arb / event driven if you do a lot of antitrust work distressed debt if you do a lot of restructuring work |
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Date: September 6th, 2010 9:32 PM Author: Mind-boggling brunch seems reasonable
thanks man |
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Date: June 22nd, 2011 11:02 PM Author: Nubile exciting theater stage (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#18321082) |