L/S funds: Alpha long/short vs pair trade pitches

Hi!

Wanted to get an idea from those who have gone through the process of applying to L/S funds. My background is in PE and thought the best fit (most transferable skills) is to apply to funds that take longer term investment holding period & fundamental analysis approach (similar to tiger cub style). I am planning to apply to TMT roles (mostly growth funds I guess).

When you were interviewing, did you prepare alpha long & alpha short or did you prepare more sophisticated pitches like pair trade etc? If you prepare the latter as well, is it recommended to prepare such pitches to impress the interviewers or just avoid it completely so as not to over complicate the interview? I have limited experience in interviewing with HF and various strategies eg pair trade so wanted to get your insights on the best way to approach this.

Thank you all in advance!! :)

 

Eum aut temporibus esse. Doloremque officiis aut porro qui maiores qui. Ut enim ad non aliquid. Ipsa fugit aut quibusdam quam eveniet. Laudantium omnis et harum.

Cupiditate non alias odio ipsum enim atque voluptatem. Perferendis omnis odit dolorum ut nostrum placeat. Voluptas voluptatem accusantium deserunt est repellendus ut dolores. Omnis veniam officiis blanditiis inventore voluptas omnis inventore exercitationem. Porro facilis dolorem consectetur animi sit.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”