Hedge Fund

Investment pitches, market analysis, and trading logic. Build the skills to think like a hedge fund analyst.

Top firms hiring for this role

Citadel logo
D. E. Shaw logo
Point72 logo
7
Modules
230
Questions
0
Answered
5
Available

Try it free — no account needed

Start practicing now. Sign up to save your progress.

Modules

1

HF Fundamentals and Strategy Types

36 questions

Understand what hedge funds are, how they are structured, and the main strategy families such as long short equity, event-driven, macro, and quantitative.

15 easy15 medium6 hard
2

Market Analysis and Investment Ideas

36 questions

Learn how hedge funds generate ideas, structure long and short theses, and frame risk reward and catalysts for trades.

17 medium13 easy6 hard
3

Valuation for Hedge Funds

36 questions

Apply valuation tools in a practical hedge fund context, focusing on relative value, upside and downside rather than textbook perfection.

13 easy16 medium7 hard
4

Trading and Execution

36 questions

Connect ideas to trades through order types, liquidity, execution quality and short mechanics such as borrow and squeezes.

13 easy14 medium9 hard
5

Portfolio Construction

36 questions

Translate single trades into a portfolio through position sizing, gross and net exposure, correlation and drawdown awareness.

13 easy16 medium7 hard
6

Stock Pitch Mini Cases

26 questions

Two mini cases, one long and one short, that simulate real hedge fund interview discussions about a trade idea, its drivers and risks.

10 hard8 easy8 medium
7

Macro Scenarios and Market Judgement

24 questions

Reason through macro situations, cross asset impacts and which trades a hedge fund investor might put on in different environments.

11 medium5 hard8 easy

Unlock Full Access

Get access to all 230 questions, analytics, and more.

What to Expect in Hedge Fund Interviews

Hedge fund interviews focus heavily on investment ideas and market knowledge. You'll need a strong stock pitch and deep market understanding.

  • Stock pitch: Complete buy/sell thesis with valuation, catalysts, and risks
  • Market views: Current market outlook, sector preferences, macro factors
  • Valuation: Multiple approaches to valuing equities, relative value analysis
  • Risk management: Position sizing, portfolio construction, hedging strategies
  • Trading knowledge: Market microstructure, execution considerations
  • Current events: Recent earnings, M&A activity, sector developments

Hedge Fund Interview Guides

Stock Pitch Framework

Frequently Asked Questions

What is asked in a Hedge Fund interview?

HF interviews focus on stock pitches, market views, portfolio construction, and risk management. You'll discuss investment ideas in depth, explain your thesis, identify risks, and defend your view. Technical questions cover valuation, catalysts, and position sizing.

How do I prepare a stock pitch for hedge fund interviews?

Structure your pitch: company overview, investment thesis (2-3 key points), valuation (why mispriced), catalysts (what will unlock value), and risks (what could go wrong). Know the stock cold - financials, competitive position, management, and key metrics.