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Do I have the right background for hedge funds?

By | Career Insights | No Comments

Self-confidence can be elusive, especially when you are trying to break into investing, one of the toughest careers to get into. Give yourself credit, though. Just making that career decision alone speaks volumes about you. Remember the moment that you put your foot down on having a hedge fund career? That was already a major vote of confidence in yourself. Yet, why do so many of us doubt ourselves as we dive deeper into the hedge fund job search? Why do we have constant insecurities about whether we have the right background for hedge funds?

This self-doubt is pervasive. It affects everybody who has ever thought about making a transition to asset management. I mean everybody, from the ex-Goldman Harvard Business School grads to the liberal arts college seniors.

The self-doubt comes in an alphabet soup of “if only” thoughts…

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Working in Hedge Fund vs. Private Equity – What’s the Difference?

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When I was at J.P. Morgan, I thought about this debate along with most analysts around the bullpen. “What do you think it’s like working at a hedge fund vs. private equity?”

Venture capital and entrepreneurship hadn’t taken off then. Hedge fund and private equity were the 2 paths that seemed the most logical for those who wanted to stay in finance.

I leaned towards private equity. I was in distressed debt investing at the time working with private equity funds. They bought and sold distressed investments from us, which was very interesting work through the financial recession.

But after a while, the stress of bankruptcy negotiations and legal proceedings finally got to me. Having worked in the field for 3 years, I knew exactly what private equity associates did and what their career trajectories looked like. I wanted to get there.

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How much does technical analysis matter on the buy side?

By | Investment Process | No Comments

Ben Graham once said that in the short-run, the market is a voting machine; in the long-run, the market is a weighing machine.

Technical analysis helps you think about how the market votes in the short-run. In practice, technical analysis is used by momentum and growth funds that look at short-term trends, while value investors are focused on the long-term valuation of the business and don’t use technical analysis…

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