Hedge fund foundations

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How hedge funds make money, how they measure what they own, and how an analyst turns an idea into a sized position. The vocabulary every buy side interviewer assumes you have.

BBasic3 lessons

1What hedge funds actually doHedge fund is a legal and fee structure, not a single strategy. Know the five main families and which one you are interviewing for.8 min
2Long/short math: gross, net, and betaProA long/short book is described by four numbers. Learn to compute them and to say what they mean for how the fund behaves when the market falls.9 min
3Building a stock pitchProA pitch is a disagreement with the market, a reason it will resolve, and a price. Everything else is support.10 min
Basic quizPro10 questions, 80% passes

AAdvanced2 lessons

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Hedge fund foundations

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of 5 lessons: 0
of 24 cards

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How hedge funds make money, how they measure what they own, and how an analyst turns an idea into a sized position. The vocabulary every buy side interviewer assumes you have.