Hi all - thoughts on Fundamental Edge if you're in IB/PE looking to get into HF? To be honest, interview prep for HF is somewhat overwhelming and a structured course sounds really helpful.
It's $4,500 and obviously my firm won't pay for it. If anyone knows someone in a similar situation who could speak to outcomes / how helpful it was in recruiting, that would be great.
Thank you!
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As a junior in a MM, it's really great and it makes sure you have everything to do the job the first years.
However, there is in my view a gap between what FE will give you and what you need to break into a HF.
Fundamental Edge will give you the skillset to be a good analyst once you are on the job, but what you need today is more "how can I produce good pitches during interviews?". Ultimately, I think there are cheaper resources to achieve this goal.
If money is not really a topic for you, I'd probably subscribe to the program though.
What resources?
I bought the WSO course - do you think that's enough for prep?
What weaknesses do you typically see in folks from IB/PE backgrounds (especially MM / LMM, where the markets are relatively unimportant except to debt financing) who are interviewing at MMs? For what it's worth, it's actually my preference to land at an MM vs. SM.
How was the WSO course?? I'm thinking about buying it as well
Anyone have a good picture on the resources that are the to help with pitches during interviews?
Also, any that might help with modelling for the case-study/model round?
bunch of analysts said that the program and the day to day work at platforms are miles apart. they said the program is more useful for single managers having time to deep dive names.
This make sense given Brett's background. Do any of the MMs officially endorse the platform / use it as their official training, a la WSP with investment banks?
MMs don’t train, you pick it up as you go along.
You shouldn’t need it, it’s good and can be additive but it’s not actually teaching you the job; if you want to do HF you’re going to need to take a leap of faith here. Make sure your pitches are actionable for MMs, identify the key drivers’ momentum and understand what the expectations gap is on a near term basis.
What you don’t want to do, is pitch a long term view on a company you think has good CF generation and has a cheap multiple
Would it provide any use if i'm an undergrad? Not sure how much technical skill it teaches
Definitely not made for undergrads. You need a decent technical background.
It's really designed for the lost analyst that is being asked by his new PM "go look at XYZ stock and tell me what you think"..
A small number of undergrads (myself included) usually enroll in his cohorts. Think he mentioned maybe 1-4 normally. But yes, you need to be able to model and understand financial jargon to do it. Definitely helps you contextualize what you learn about hedge fund processes though.
Group buying?
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