This story should teach hedge fund hopefuls how NOT to go
through with an interview.
A hedge fund headhunter told Clusterstock about how a
potential recruit for a top U.S. hedge fund (an over $10 billion AUM,
multi-strategy global fund) completely ruined his chances of getting an offer
despite being the perfect candidate. The
potential employee was a very qualified quant who had previously developed
programs for Yahoo! and Google, and was finishing up a masters degree in
mathematics at a top U.S. university. For clarity's sake, let's call him Aaron.
Aaron was contacted by the headhunter and went through a
phone interview and two in-person meetings with a top hedge fund, which all
went smoothly. Before Aaron went into his second interview, the headhunter had
told him to "go in with pen in hand," because the senior executives
at the hedge fund had liked him so much and wanted to sign him right away.
At the end of the 30 minute interview, the executives
interviewing Aaron left him in a room for 20 minutes. When the hedge fund guys
came back, they posed the following question to Aaron: "We like you. Would
you like us to make you an offer now, or would you like to think about
it?"
Aaron said: "I'd like to think about it," shook
the guys' hands, and left feeling confident about his 'successful' interview.
What Aaron didn't realize was that he had lost the offer
then and there, according to the headhunter.
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