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如何準(zhǔn)備對沖基金公司的面試?

如何準(zhǔn)備對沖基金公司的面試?

Quora 2014年07月22日
對沖基金公司的面試沒有絕對的原則,但你如果有點創(chuàng)意,并且能夠提出創(chuàng)新的投資想法,那就肯定會給面試官留下深刻印象。

????約瑟?托雷斯的回答,我在一家規(guī)模很大的對沖基金公司工作

????每一個基金公司都有自己的文化,而這在面試過程也會有所反映,比如那些獨(dú)特/古怪的問題,但一般而言,準(zhǔn)備對沖基金面試最好的方式,是構(gòu)思一些具有合理獨(dú)特性【例如,不要選擇蘋果或微軟(Microsoft)或其他超高市值公司】的做多和做空創(chuàng)意。

????你應(yīng)該準(zhǔn)備做多與做空兩方面的創(chuàng)意。做多是“大路貨”,因此,精心準(zhǔn)備一份有趣的簡短介紹文件,可以幫助你從求職者當(dāng)中脫穎而出。

????此外,我建議不要只準(zhǔn)備一條做多與做空創(chuàng)意,因為你永遠(yuǎn)不知道面試官會在什么時候打斷你的創(chuàng)意,比如,他可能這么說:“這樣的內(nèi)容,我這周已經(jīng)聽過十遍了。有沒有其他內(nèi)容?”

????瑪麗安娜?瓦伊-英?O的回答,投資管理

????我想補(bǔ)充的是,準(zhǔn)備一份自己編寫的投資創(chuàng)意報告或?qū)δ硞€行業(yè)的案例研究。簡潔有效的溝通非常重要,因為投資組合經(jīng)理和首席投資官只能拿出有限的時間來了解你的情況。

????針對自己的投資創(chuàng)意或投資組合,分享自己對風(fēng)險控制或?qū)_操作的想法,也是不錯的主意。

????做好Excel表格(使用宏命令)和統(tǒng)計數(shù)據(jù)!

????尼古拉斯?查韋斯的回答,預(yù)測分析與對沖基金

????從現(xiàn)在到面試之前,你應(yīng)該明確的最重要的問題是:

????1. 基金的策略是什么?(量化基金,做多/做空基金,全球宏觀型基金等)

????2. 使用哪一種交易工具來執(zhí)行基金策略?

????3. 扣除手續(xù)費(fèi)后,去年的回報是多少?

????如果你了解了上述三個問題,你就可以開始為面試做準(zhǔn)備了。

????之后,你需要研究第二個問題的細(xì)節(jié)。如果交易工具基于衍生品/期權(quán),你便需要充分了解不同類型的賣出和買進(jìn),并且要對希臘字母代表的系數(shù)有合理的了解(主要是Theta系數(shù)、Alpha系數(shù)和Beta系數(shù))。

????此外,大多數(shù)基金都會發(fā)布與風(fēng)險和概率標(biāo)準(zhǔn)偏差有關(guān)的績效。

????上述信息適合對沖基金的所有職位,所以屬于基礎(chǔ)知識。下面是針對具體職位的一些問題。

????一般而言可以分成以下幾類職務(wù),求職者適合哪個職務(wù),主要取決于以往的工作經(jīng)驗和/或?qū)W位(若申請實習(xí)崗位):

????銷售:該崗位主要是為尚未“封閉”的基金募集額外資產(chǎn)。做好準(zhǔn)備,好好談?wù)劷⑷穗H關(guān)系的策略、CRM(客戶關(guān)系管理)軟件和你的高爾夫水平吧。

????分析師:屬于投資組合經(jīng)理的支持崗位,通常全身心地致力于對一個市場、票據(jù)或衍生品的研究。你應(yīng)該對相關(guān)研究領(lǐng)域有透徹了解。

????交易員/投資組合經(jīng)理:該崗位以過往績效為導(dǎo)向。以往的成績最有發(fā)言權(quán),你必須能夠明確自己在資產(chǎn)增值方面的角色。上文提到的分析師可以通過推薦幫助你展示以往的業(yè)績。

????后勤辦公室:在基金公司中,此崗位的面試與一般行業(yè)的面試最為接近,往往會考察求職者在壓力下的表現(xiàn)??傊瑹o論在什么情況下,都要保持冷靜,展現(xiàn)自己的智慧和興奮之情。

????有激情的求職者總是很受歡迎。(財富中文網(wǎng))

????翻譯:劉進(jìn)龍/汪皓

????Answer by Jose Torres, I work at a large hedge fund

????Every fund has their own culture and this is probably reflected in the interview process via unique/strange questions, but generally speaking the best way to prepare for hedge fund interviews is to have a few reasonably unique (i.e., not Apple or Microsoft or some mega cap) long and short ideas.

????You should have both long and short ideas. Longs are somewhat ‘dime a dozen’ so having a well-crafted, interesting short pitch can go a long way toward distinguishing your candidacy.

????I’d also recommend more than one long and short, since you never know when the interviewer will ding an idea right out of the gate with some version of, “I’ve already heard that 10 times this week. How about something else?”

????Answer by Marianne Wai-Ying O, investment management

????I would like to add that be prepared to show a report you have written on an investment idea or case study on an industry. Effective and succinct communication is really important as portfolio managers and chief investment officers only have very limited time to understand your story.

????Share your idea about risk control or hedging either for your own investment idea or in general for the portfolio is a great idea too.

????Be very good with Excel (with macro) spreadsheets and hopefully statistics too!

????Answer by Nicholas Chavez, predictive analytics & hedge funds

????Well, the most important things for you to find out between now and the interview are the following:

????1. What is the fund’s strategy? (Quant, Long/Short, Global Macro, etc …)

????2. Which instruments are traded to implement fund strategy?

????3. What was their return last year net of fees.

????If you know these three things, you will be prepared to begin to prepare for your interview.

????Then you need to review the mechanics of #2. If they are derivative/option based, then you had darn well better understand the different types of outs and calls as well as have some reasonable understanding of the Greeks (focus on Theta, Alpha and Beta).

????Also, most funds of size will have released their performance related to standard deviation of risk and probability.

????The above information is for any job at a hedge fund, so its foundational knowledge. Now realize that there will be questions that are position specific.

????Generally, these fall into the following categories and which you fall into will be initially derived from your past work experience and/or your degree if you are interviewing for an internship:

????Sales: These positions focus upon gathering additional assets for a fund that is not yet “closed.” Be prepared to talk about relationship building strategies, CRM software and your golf handicap.

????Analyst: These are support positions for portfolio managers that generally are 100% focused on research of a market, instrument or derivative. You should know the underlying research area cold.

????Trader/Portfolio Manager: This position is past performance driven. Track record speaks loudest here, and you must be able to identify your role in the asset appreciation. Former analysts can present track record via recommendations.

????Back office: This is most like interviewing for a job in industry, though they will examine your ability to perform under pressure. In all cases, remain calm while showing intelligence and excitement.

????Enthusiasm is always welcomed.

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