Hedge Fund Careers (1 Viewer)

Kaido · Feb 8, 2016

I'm looking for a head start to eventually land an analyst position at a hedge fund
Are there any jobs/interns etc. that a school leaver/under-grad is able to do that may leverage my employability?

RealiseNothing · Feb 9, 2016

1) Top your uni with straight HD's and the university medal.

2) Work 100 hour weeks at a big investment bank for 5 years until you want to kill yourself.

3) Apply for hedge fund and beat all the other people who completed step 1 and 2.

4) Don't sell other people's notes in the company unless you want to be sued into the stone age by your employer/colleagues.

tl:dr no fucking chance

etxpy · Feb 9, 2016

Did you start watching Billions or something? BOS probably isn't the best to ask for advice regarding PE and hedge funds.

Kaido · Feb 9, 2016

RealiseNothing said:
1) Top your uni with straight HD's and the university medal.

2) Work 100 hour weeks at a big investment bank for 5 years until you want to kill yourself.

3) Apply for hedge fund and beat all the other people who completed step 1 and 2.

4) Don't sell other people's notes in the company unless you want to be sued into the stone age by your employer/colleagues.

tl:dr no fucking chance

Awesome, sounds like a solid ass-f**king experience. Thanks for the input Realise

etxpy said:
Did you start watching Billions or something? BOS probably isn't the best to ask for advice regarding PE and hedge funds.

Nah, think I might've picked it up whilst watching Forbes Billionaire a year back.

jinxyy said:
GFC 2.0 is coming, as well as the inevitable collapse of the extremely inflated Australian housing bubble. I would imagine you would be out of a job the moment you step in. Perhaps even sued by your own firm for losing investor's money which is very likely (take a look at the dow jones, s&p 500, asx 200, etc).

Well, I've seen the strategies implemented by many top hedgies to avoid crashes like these. While there were ofc some losses, it wasn't as major as what most people/banks/firms experienced. We'll see

Anthel · Feb 9, 2016

Hey, I admire your ambition. Aim for the stars my child.

etxpy · Feb 9, 2016

A bull market is not the only time to make money. In fact I'd say bears are more fun.

Chronost · Feb 9, 2016

Funny cunt, your not going to end up anywhere close - if you want any chance you'll need to move out of Australia straight away, also what realisenothing said^

You can always dream my friend.

jinxyy · Feb 9, 2016

etxpy · Feb 10, 2016

jinxyy said:
Millions of mutual fund managers have tried to beat the market and failed, all of them skilled, educated and experienced. Thousands of books have been written by financial experts concluding that outperforming an index like the S&P 500 consistently over the long term is close to impossible. Economists have done experiments where monkeys can randomly pick out stocks better than hedge fund managers.

If you think you can make money in a bear market, you're either clueless or no different to the degenerate gamblers you see everyday at the casino.

Well this post shows you are 1) irrational and speaks without much thought and/or 2) unfamiliar with probability and markets. Your opinions of not being able to make money in both bear and bull markets shows a complete lack of knowledge. There is no 'proven' way to make money sure, but quite frankly I have no clue what you were trying to say. My point is that most traders going after bullish gains are kidding themselves by thinking they can guess percentage rises. What you are saying about gamblers fallacy has no point and basis. Dispute the reasoning behind making small losses by shorting commodities, indices etc over a long period of time, then banking it when a black swan event hits.

FYI the monkey experiment refers to a Monte Carlo generator whereby a time frame is run millions of times (e.g an army of ten million monkeys randomly hitting a typewriter where over thousands of reruns one is able to rewrite the Iliad word for word). I don't see how this is relevant at all.

Also jinxyy, I saw your post on the 'upcoming' GFC 2.0. Nice try, but again completely illogical. I think banks have better things to do than sue their own traders. Feel free to continue this discussion.

Nailgun · Feb 10, 2016

etxpy said:
Well this post shows you are 1) irrational and speaks without much thought and/or 2) unfamiliar with probability and markets. Your opinions of not being able to make money in both bear and bull markets shows a complete lack of knowledge. There is no 'proven' way to make money sure, but quite frankly I have no clue what you were trying to say. My point is that most traders going after bullish gains are kidding themselves by thinking they can guess percentage rises. What you are saying about gamblers fallacy has no point and basis. Dispute the reasoning behind making small losses by shorting commodities, indicies etc over a long period of time, then banking it when a black swan event hits.

FYI the monkey experiment refers to a Monte Carlo generator whereby a time frame is run millions of times (e.g an army of ten million monkeys randomly hitting a typewriter where over thousands of reruns one is able to rewrite the Iliad word for word). I don't see how this is relevant at all.

Also jinxyy, I saw your post on the 'upcoming' GFC 2.0. Nice try, but again completely illogical. I think banks have better things to do than sue their own traders. Feel free to continue this discussion.

Wow that's pretty cool, do you have a link where I can read more lol
It sounds a little like the Bolzmann brain paradox thing

InteGrand · Feb 10, 2016

Nailgun said:
Wow that's pretty cool, do you have a link where I can read more lol
It sounds a little like the Bolzmann brain paradox thing

$\noindent This is actually a mathematical theorem called the \textit{Infinite monkey theorem}. It isn't actually that surprising to me; if given enough time, it's pretty clear you'll eventually get a monkey to be able to write a Shakespearean piece, since there's a non-zero probability $p$ for each ``trial'' that the monkey will get it. So after $N$ trials, the probability that the monkey gets it is $\mathcal{P} (p) = 1- (1-p)^{N}$. Now, $1-p\approx 1$, since the probability fora single trial $p$ is roughly 0. But if we increase $N$ to be arbitrarily large, since $p>0$, $(1-p) \in (0,1)$, so $(1-p)^N \to 0$ as $N\to \infty$. In other words, a monkey will eventually write any (finite) text you want with probability 1 (we would say that the monkey will \textit{almost surely} write Shakespeare eventually).$

____
• Infinite Monkey Theorem: https://en.wikipedia.org/wiki/Infinite_monkey_theorem
• Almost surely: https://en.wikipedia.org/wiki/Almost_surely

Nailgun · Feb 10, 2016

InteGrand said:
$\noindent This is actually a mathematical theorem called the \textit{Infinite monkey theorem}. It isn't actually that surprising to me; if given enough time, it's pretty clear you'll eventually get a monkey to be able to write a Shakespearean piece, since there's a non-zero probability $p$ for each ``trial'' that the monkey will get it. So after $N$ trials, the probability that the monkey gets it is $\mathcal{P} (p) = 1- (1-p)^{N}$. Now, $1-p\approx 1$, since the probability fora single trial $p$ is roughly 0. But if we increase $N$ to be arbitrarily large, since $p>0$, $(1-p) \in (0,1)$, so $(1-p)^N \to 0$ as $N\to \infty$. In other words, a monkey will eventually write any (finite) text you want with probability 1 (we would say that the monkey will \textit{almost surely} write Shakespeare eventually).$

____
• Infinite Monkey Theorem: https://en.wikipedia.org/wiki/Infinite_monkey_theorem
• Almost surely: https://en.wikipedia.org/wiki/Almost_surely

"You must spread some Reputation around before giving it to InteGrand again."
Every time lol

edit: aww, I (naively) thought they had actually physically accomplished something like generating the Iliad but the closest I think is, " In 42,162,500,000 billion billion monkey-years, one of the "monkeys" typed, "VALENTINE. Cease toIdor:eFLP0FRjWK78aXzVOwm)-‘;8.t" . "

Librah · Feb 10, 2016

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lel

Vagabond · Mar 1, 2016

Best chance is probably try to transfer an IBD role from Sydney to HK

Then after subtracting 4 hours for sleep, spend every moment of free time out drinking and socialising at popular haunts for hedgies

Omnidragon · Mar 3, 2016

Sometimes it's a bit simpler than you think

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11472827

Hedge Fund Careers (1 Viewer)

Kaido

be.

RealiseNothing

what is that?It is Cowpea

etxpy

Member

Kaido

be.

Anthel

Active Member

etxpy

Member

Chronost

Ex CAG auditor - current CAG deal-maker

jinxyy

New Member

etxpy

Member

Nailgun

Cole World

InteGrand

Well-Known Member

Nailgun

Cole World

Librah

Not_the_pad

Vagabond

Machine

Omnidragon

Devil

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