What Does It Take to Be a Top Dog Hedge Fund Boss?

January 13, 2010

After losing 19 percent on average in 2008, hedge funds have racked up big gains in 2009. Energy funds, Russian and Eastern European funds and Convertible arbitrage have posted gains ranging from 32 percent up to 54 percent, according to data from Hedge Fund Research Inc. But the big winner was David Tepper’s Appaloosa Management […]

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Hedge Fund Jobs Interview Question: Lighting the Fuses

January 11, 2010

Question: You have two string-like fuses.  Each burns in exactly one minute.  The fuses are inhomogeneous, and may burn slowly at first, then quickly, then slowly, and so on.  You have a match, and no watch.  How do you measure exactly 45 seconds? Answer:

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Pace of New Funds Points to More Hedge Fund Jobs

January 4, 2010

The pace of new hedge funds picked up late in 2009, with 173 new funds opening their doors in the third quarter, versus just 42 in the last three months of 2008, reports the Wall Street Journal, citing data from Hedge Fund Research Inc. in Chicago. Investor confidence is returning a bit more slowly, though, […]

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Is the Grass Greener at a Hedge Fund Job?

December 27, 2009

We’ve all seen the headlines about investment bank traders or mutual fund managers leaving their jobs to join or start their own hedge fund. Is it just for the money? Bragging rights? Or a certain cache of saying you’re a hedge fund manager at the local watering hole? A recent article in All About Alpha […]

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Bonus Limits May Drive More to Hedge Fund Jobs

December 21, 2009

Britain’s new 50 percent tax on investment banking bonuses over 25,000 pounds may drive talented traders into the arms of hedge funds, reports Reuters. Politicians in Britain, and to a lesser extent in France, Germany and the U.S., are riding a wave of public outrage against investment banks doling out huge bonuses. Especially since many […]

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Hedge Fund Trends Reflect Uncertainty

December 14, 2009

The market meltdown and recent scandals involving Bernie Madoff and the Galleon Group insider-trading case may lead to more intense scrutiny and long-term systemic changes for the hedge fund industry, according to Reuters. Among the changes on the horizon for the industry will be mandatory registration with the SEC, and perhaps closer governmental oversight of […]

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High-Frequency Trading Bolsters Hedge Fund Jobs

December 7, 2009

The lightning-quick pace of computer-driven high frequency trading is changing the landscape for hedge funds. High-frequency trading now accounts for some 60 percent of total U.S. equity volume, reports Reuters, and it’s creating a legion of both supporters and critics. Some of the big names in the growing category include trading houses Getco and Tradebot, […]

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