During the interview, the PM asked the candidate a simple question: "What are you reading?" "Honestly, school keeps me pretty busy. I don't get much free time to read." The candidate said. The interview was over. She just didn't know it yet.
Updated as of: 10/15/2026 What is covered in a hedge fund deep dive? We aim to cover the founder's career trajectory, the story of founding the firm, how the firm invests, educational and professional background of (current and former) investment team members, and funds founded by
Lee Ainslie had already said yes to Goldman Sachs. He was finishing his MBA at UNC Chapel Hill. He had an offer from the most prestigious firm on Wall Street, and he took it. Two weeks later, his phone rang. It was Julian Robertson. Robertson asked Ainslie whether he would
The Soros story doesn't end with the pound. Like other famed hedge funds, Soros Fund Management was a talent factory. People got a taste of how the best macro minds in the world think, and then left to build their own investment firms. Some got rich. Some got
He was the top of his class, with three buy-side offers in hand. He took the one with the biggest name on the door. The fund traded fast. The entire portfolio turned over every few months. The PM gave him a new idea in the morning and wanted answers
Every day, folks send me the same message. "I have two offers. One pays more. Which should I take?" I get it. You want the mansions. The megayacht. The private jet. And maybe, if you care about it, the power and influence. The kind that lets you say
Launches, Shutdowns, and Pivots Previous editions: 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 Situational Awareness blow-up Tech bro wunderkind Leopold Aschenbrenner's Situational Awareness blew up because of ... leverage? It's a tale as old as time. And Ken Griffin's Citadel came in and
I finished refreshing the entire U.S. fund database (HF and LO) based on September 2026 data. The next refresh will be in DECEMBER 2026. Compared to the June 2026 data: 30 additions (26 HFs, 4 LOs) and 12 removals (9 HFs, 3 LOs). Here are last quarter's
Soros told the new hire he was going to Eastern Europe for four or five years. He wanted to find out one thing: was he holding this new hire back, or was this new hire simply not good enough. The new hire was Stanley Druckenmiller. For the first six months
In 1947, a 17-year-old boy fled Hungary with no money, no connections, and no plan beyond getting to England. He had just survived the Nazi occupation of Budapest and escaped the rising communist regime. That boy was George Soros. Forty-five years later, he would break the Bank
Hello - Happy Hump Day Want to remind you our recent articles, in case they got buried in your inbox. We have been folding our networking course into the Fund Database and All Access tiers, so you know how we come up with the intel for each fund in the database
You can be the sharpest analyst come interview time and still never land a hedge fund job. Not because you can't make money for your future employer. Because you never bothered to relate. Top hedge funds might open one seat every couple of years. One seat. That'
I will show you the step-by-step on how to build a list of hedge funds (or long-onlys) to network with for job leads. Step 1: long-only or long/short Long-only: buy low, sell high. If everything's overvalued, they stay in cash. Most big
Note: I am folding my networking course into the newsletter. This content is available to paying subscribers on the All Access and Fund Database tiers. One of the must-dos in doing diligence on a hedge fund is flipping through its 13-Fs. A fund with at least $100 million
Hedge funds fail all the time. You only hear about the famous ones. First half of 2026 has been a rough one: Tiger grandcubs Alua and Atlantic Wolf closing shop, Ricky Sandler's Eminence shutting down, Bobby Jain returning to running money just for Millennium, multi-manager platform AB
Every hedge fund says the same thing. We don't lose money. Most of them are lying, or at least exaggerating. Elliott Investment Management (“Elliott”) is one of the few that actually backs it up. It its nearly 50-year history, Elliott has only two down years. Today it
They were Tiger's cyclical guys, and they turned into legends in their own right: Bob Bishop, Dwight Anderson, Paul Touradji and Jim Murchie. In this issue, we tell the stories of two Tiger Cubs: Paul Touradji, founder of Touradji Capital, and Jim Murchie, founder of Energy Income Partners
Julian Robertson built stock pickers. That's the story everyone knows. Tiger Management offspringed equity long/short legends: Philippe Laffont, Steve Mandel, Andreas Halvorsen, John Griffin. Names that now run or ran some of the biggest funds on earth. But there's a lesser told branch of the
Launches, Shutdowns, and Pivots Previous editions: 2026 Q1 | 2025 Q4 | 2025 Q3 ANNOUNCEMENT: JOB LEAD! Are you (or do you know) an established senior research analyst doing unique work on U.S. stocks that the buy-side values? I’m helping a premier boutique sell-side research firm expand its
When Julian Robertson shuttered Tiger Management in 2000, he didn't just close a fund. He built a factory. His former analysts founded some of the most successful hedge funds in history. They came to be known as the "Tiger Cubs." He also leased Tiger Management'
Julian Robertson built one of the first hedge funds in history. More than that, he built a brand. "I used to work at Tiger" means you don’t need to update your resume again and is still the surest ticket to raising money if you start your own
You discovered this world called the hedge fund and you want in. The most common mistake people make at this point is sending applications to every fund with a pulse. Yes, you need volume, but unless you have a stellar background on paper, blanket applications get you nowhere fast. Appaloosa,
I finished refreshing the entire U.S. fund database based on June 2026 data. Next refresh will be in SEPTEMBER 2026. Methodology: Additions and removals are based on whether a fund appears as a Form ADV Part 2 filer (>$100M of regulatory AUM), compared to March 2026's
I finished refreshing the entire U.S. fund database based on June 2026 data. Next refresh will be in SEPTEMBER 2026. Here are the findings (compared to March 2026 data): 6 additions (3 HFs, 3 LOs), 13 removals (12 HFs, 1 LO). For your reference, here is last quarter'