Case Study: Long / Short Equity Hedge Funds
Author: 10X EBITDA
Pages: 4 Pages
Original Firm 1: HF with +$10bn AUM
Original Firm 2: HF Arm of Private Equity Platform
Relevance: Investment Analyst / Research Analyst
Content: 2 Case Study Prompts
File Format: PDF
This hedge fund case study includes the prompts (instructions) for two case studies conducted by two different fundamentals-driven long / short equity hedge funds. Each prompt provides you with the instructions the firms give to candidates to complete the exercise. Both cases are on US public companies. The PDF only has the prompts, nothing else. There’s no solution, model or guidance attached to the case. The PDF is meant to show you what the hedge funds ask candidates to do (i.e. the wording of the instructions, specifications, time constraints). This document is not intended to teach you how to solve a HF case study.
Our case studies are as close as it gets to the real thing.
The first thing we do when we develop a case study is to thoughtfully consider the different aspects of the original real case study. What was the company? What information was provided to the candidate? What questions did the interviewers ask during the debrief? What did the candidates struggle with? We then create mock practice case studies, tailored specifically to that firm. As a result, our cases are as close as it gets to the real thing and an excellent way for you to practice.
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Due to our industry experience, we’re intimately familiar with the logical reasoning and investment analysis thought process that the top buyside investment firms are looking for in case studies. Our coaching team has helped clients succeed at top private equity firms and hedge funds. Most recently, we’ve helped clients get offers from Apollo, Blackstone and KKR. We apply this expertise when crafting the case studies.
What do I get when I purchase these prompts?
You get a PDF file with two case study prompts given to candidates by two different hedge funds. Hedge fund case studies are on public companies, so all you need is the prompt. Since they’re all public companies, you can get the company information from the filings or from their websites. The purpose of this guide is to show you what the hedge funds expect you to do in the case study.
Is this guide based on real case studies?
Yes. The first case study was conducted by a big hedge fund with more than $10 billion in AUM. The second case study was conducted by the hedge fund arm of a private equity platform. Our practice case studies changed the target company names, but the work you’ll need to do are the same.
Can you share with me the firm’s actual case study?
No. We only provide practice case studies written by us.
Can you evaluate my work on the case?
Yes. After you’ve completed the deliverables and you’d like us to evaluate your work, you should purchase our hedge fund interview coaching package. Be sure to check with us on availability before you purchase.
What about the case study debrief / case study discussion?
The purchase of this guide is for a downloadable PDF file only. We offer case study debrief preparations separately through our interview coaching service. After you’ve completed the deliverables and you’d like us to help you prepare for the case study debrief, you can purchase our hedge fund interview coaching package. Be sure to check with us on availability before you purchase.