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Guest notorious546
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Guest notorious546

hey, all I have an upcoming interview with a local asset manager. good track record (few points ahead of the market) for many years, smaller team size 10 people, AUM pretty high, value oriented.

 

I became more interested in the position after learning about the value bias and the good track record. Seems like a place where I would have a long runway for learning.

 

what are some questions that are likely to come up in the interview?

 

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Guest Schwab711

Basically, be prepared to show that you can adopt their value strategy before you try to incorporate your own into theirs. What is their bias or strength? Can you find any information about their portfolio or trade history? Figure out the areas of strength and be sure to know the major ratios that are important to value those industries [1].

 

Do they use relative valuations or absolute? Do they have any debt investments? Depending on the type of debt you will want to study up (cash flow analysis, convexity, duration (and effects for both), related laws/provisions, ect).

 

Look up common brain-teasers! Google/Amazon riddles are notorious (Einstein fish problem?).

 

Good luck, I'm jealous!

 

 

[1]: http://wallstreetplayboys.com/basic-guide-to-valuation-and-metrics-by-sector/

[1]: http://smgapps.bu.edu/smgnet/Personal/Faculty/Publication/pubUploads/wp2008-5.pdf?did=777&Filename=wp2008-5.pdf

 

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Guest notorious546

Basically, be prepared to show that you can adopt their value strategy before you try to incorporate your own into theirs. What is their bias or strength? Can you find any information about their portfolio or trade history? Figure out the areas of strength and be sure to know the major ratios that are important to value those industries [1].

 

Do they use relative valuations or absolute? Do they have any debt investments? Depending on the type of debt, you will want to study up (cash flow analysis, convexity, duration (and effects for both), related laws/provisions, etc).

 

Look up common brain-teasers! Google/Amazon riddles are notorious (Einstein fish problem?).

 

Good luck, I'm jealous!

 

 

[1]: http://wallstreetplayboys.com/basic-guide-to-valuation-and-metrics-by-sector/

[1]: http://smgapps.bu.edu/smgnet/Personal/Faculty/Publication/pubUploads/wp2008-5.pdf?did=777&Filename=wp2008-5.pdf

 

thanks!

 

also, i found a vault guide which could be helpful for anyone in a similar situation.

Vault_Career_Guide_to_Investment_Management.pdf

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Basically, be prepared to show that you can adopt their value strategy before you try to incorporate your own into theirs. What is their bias or strength? Can you find any information about their portfolio or trade history? Figure out the areas of strength and be sure to know the major ratios that are important to value those industries [1].

 

Do they use relative valuations or absolute? Do they have any debt investments? Depending on the type of debt you will want to study up (cash flow analysis, convexity, duration (and effects for both), related laws/provisions, ect).

 

Look up common brain-teasers! Google/Amazon riddles are notorious (Einstein fish problem?).

 

Good luck, I'm jealous!

 

 

[1]: http://wallstreetplayboys.com/basic-guide-to-valuation-and-metrics-by-sector/

[1]: http://smgapps.bu.edu/smgnet/Personal/Faculty/Publication/pubUploads/wp2008-5.pdf?did=777&Filename=wp2008-5.pdf

 

Google kept metrics on brian teasers.  They stopped using them because they found no correlation to workplace performance and solving stupid riddles that have nothing to do with your career.

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  • 3 weeks later...
Guest notorious546

made it to the next stage, meeting with the entire team now below are some questions that came up in the first round.

 

tell us about yourself

what attracted to you to this position

why do you want to enter the buy side

what about our firm made you interested in this

do you have experience with presentations/public speaking

can you tell us about a stock you purchased recently

can you tell us about your biggest investing mistake

what do you do to manage stress

why is this a good position for you

what do you bring to the table

who is an investor your admire

what is your investment strategy

 

cheers!

 

 

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Basically, be prepared to show that you can adopt their value strategy before you try to incorporate your own into theirs. What is their bias or strength? Can you find any information about their portfolio or trade history? Figure out the areas of strength and be sure to know the major ratios that are important to value those industries [1].

 

Do they use relative valuations or absolute? Do they have any debt investments? Depending on the type of debt you will want to study up (cash flow analysis, convexity, duration (and effects for both), related laws/provisions, ect).

 

Look up common brain-teasers! Google/Amazon riddles are notorious (Einstein fish problem?).

 

Good luck, I'm jealous!

 

 

[1]: http://wallstreetplayboys.com/basic-guide-to-valuation-and-metrics-by-sector/

[1]: http://smgapps.bu.edu/smgnet/Personal/Faculty/Publication/pubUploads/wp2008-5.pdf?did=777&Filename=wp2008-5.pdf

 

Google kept metrics on brian teasers.  They stopped using them because they found no correlation to workplace performance and solving stupid riddles that have nothing to do with your career.

 

Nice to know that Google puts its money where its mouth is when it comes to A-B testing. :)

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