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hedge fund expert taking questions
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Date: September 6th, 2010 5:27 PM Author: Orchid bat shit crazy depressive (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#15980046) |
Date: September 6th, 2010 5:27 PM Author: concupiscible chrome party of the first part 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: Orchid bat shit crazy depressive 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: rambunctious sound barrier base 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: Orchid bat shit crazy depressive 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: rambunctious sound barrier base Anyone else?
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Date: September 6th, 2010 5:30 PM Author: turquoise nudist brunch 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: Orchid bat shit crazy depressive >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: plum cruise ship 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: Orchid bat shit crazy depressive greenlight third point pershing square lightspeed golden tree |
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Date: September 6th, 2010 5:35 PM Author: confused marvelous institution bbw 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: Orchid bat shit crazy depressive 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: plum cruise ship 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: Orchid bat shit crazy depressive 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: turquoise nudist brunch 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: Orchid bat shit crazy depressive 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: azure school 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: Disturbing bat-shit-crazy nursing home 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: azure school 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: Disturbing bat-shit-crazy nursing home 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: lilac hot jew 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: zippy lay international law enforcement agency 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: Orchid bat shit crazy depressive 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: zippy lay international law enforcement agency *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: azure school 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: rough-skinned crackhouse azn 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: Orchid bat shit crazy depressive "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: rough-skinned crackhouse azn 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: Orchid bat shit crazy depressive 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: rough-skinned crackhouse azn 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: Orchid bat shit crazy depressive 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: rough-skinned crackhouse azn 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: Orchid bat shit crazy depressive 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: rough-skinned crackhouse azn 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: Orchid bat shit crazy depressive 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: rough-skinned crackhouse azn 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: Insecure garnet turdskin 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: Orchid bat shit crazy depressive 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: Mewling hissy fit 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: Orchid bat shit crazy depressive 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: Mewling hissy fit 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: Overrated grizzly gunner mad-dog skullcap 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: Orchid bat shit crazy depressive 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: Overrated grizzly gunner mad-dog skullcap 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: Orchid bat shit crazy depressive 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: Overrated grizzly gunner mad-dog skullcap 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: Orchid bat shit crazy depressive 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: Overrated grizzly gunner mad-dog skullcap 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: Orchid bat shit crazy depressive 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: Overrated grizzly gunner mad-dog skullcap 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: Orchid bat shit crazy depressive 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: Overrated grizzly gunner mad-dog skullcap 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: Orchid bat shit crazy depressive there are more than two: time in/out of the money volatility |
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Date: September 6th, 2010 9:20 PM Author: Overrated grizzly gunner mad-dog skullcap 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: Orchid bat shit crazy depressive 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: Overrated grizzly gunner mad-dog skullcap 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: Orchid bat shit crazy depressive 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: adventurous self-absorbed filthpig set 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: Orchid bat shit crazy depressive 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: Multi-colored chocolate abode 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: Orchid bat shit crazy depressive 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: Multi-colored chocolate abode 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: Orchid bat shit crazy depressive 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: Multi-colored chocolate abode 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: Orchid bat shit crazy depressive 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: Multi-colored chocolate abode seems reasonable
thanks man |
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Date: June 22nd, 2011 11:02 PM Author: fantasy-prone plaza useless brakes (http://www.autoadmit.com/thread.php?thread_id=1416099&forum_id=2#18321082) |