Remove hedge-start-key-hedge-fund-terms
article thumbnail

Convertible Arbitrage Hedge Funds: The Perfect Combination of Investment Banking and Sales & Trading?

Brian DeChesare

But there might be another equally valid answer: “If you can’t decide, do both and use your combined skills and experience to move into a convertible arbitrage hedge fund.”. This setup creates a “delta neutral” position whose value does not change based on the stock price (for more, please see the article on options trading ).

Banking 67
article thumbnail

The Financial Sponsors Group: Masters of the Financial Universe, or Exit Opportunity Mirage?

Brian DeChesare

We’ll discuss these competing views of the group and go into details on everything else, but let’s start with the basic definitions: FSG Investment Banking: What the Financial Sponsors Group Does. But wait,” you say, “FSG sounds quite similar to the Financial Institutions Group (FIG). So what’s the difference?”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2022 End-of-Year Reader Q&A: Bank and School Rankings, the “New Normal” Environment, Twitter and Other Bad Deals, and Plans for Next Year

Brian DeChesare

All these factors resulted in one of my worst years in terms of both business performance and portfolio performance…. But let’s start with my favorite topic: “ranking” banks, schools, and maybe a TV series or three. Does the list vary for private equity and hedge funds ? but I found myself not caring that much.

Banking 85
article thumbnail

The Front Office, Middle Office, and Back Office: How Banks Organize Their Dungeons

Brian DeChesare

If you look online, you’ll find many threads, articles, and blog posts saying that back office (BO) and middle office (MO) jobs are “the worst” and that if you end up there, your career is over. The key problem is that terms like front office, middle office, and back office are so vague that they lump together completely unrelated jobs.

Banking 94
article thumbnail

Venture Capital Interview Questions: What to Expect and How to Prepare

Brian DeChesare

Most articles are copied/pasted/tweaked text, others appear to be written by ChatGPT, and others repeat generic questions you might get in an interview for a janitorial position. A: See our guide and examples for the “ Walk me through your resume ” question and the article on how to walk through your resume in buy-side interviews.

article thumbnail

Private Equity in China: The Worst of Both Worlds?

Brian DeChesare

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.” is better for domestic funds.

Equity 75
article thumbnail

Investment Banking in Hong Kong: The Financial Center of the Future World Order?

Brian DeChesare

In the 1990s and 2000s, bankers from other regions could transfer to HK or start their first jobs there without a strong connection to the region or Asian language skills. Hong Kong is still an important financial center, but banks there now focus almost exclusively on mainland China in terms of deals, clients, and new hires.

Banking 52