Hedge Funds case studies, worked step by step

Cases
100
Traced to a firm
31
Topics
13
Hard
30
Topic
All topicsCredit, distressed and capital structure7Earnings, models and KPIs8Event-driven and merger arbitrage7Fund economics, NAV and LP decisions8Global macro trades7Long pitches and valuation14Manager evaluation and attribution7Pairs and relative value5Portfolio construction and sizing7Risk limits and drawdowns7Short selling6Systematic research and data11Volatility, options and convertibles6
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–20 of 20 · filtered from 100Clear filters
  1. 054The Nirvara Cat III AIF earns 18% before tax. At an illustrative 30% effective tax paid inside the fund, against 15% paid by investors on their own gains, how different are the net returns, and why do Indian long-short managers care so much about structure?Fund economics, NAV and LP decisionsWarm upCategory III AIFsFund of funds and allocators
  2. 056You have two minutes to pitch Corvane Logistics, at Rs 240 with EPS of Rs 12, EPS growth of 18% a year for three years and peers at 25x. Build the pitch: the one-line thesis, the three numbers, the value and the one risk that would change your mind.Long pitches and valuationWarm upPoint72central · 2025Man GroupLondon · 2016
  3. 057Ambeth Fund and Corlane Fund both returned 12% last year. Ambeth had 8% volatility and a beta of 0.2; Corlane had 15% volatility and a beta of 0.9. The market returned 10% and cash 6%. Which manager showed more skill?Manager evaluation and attributionWarm upFund of funds and allocatorsMulti-manager platforms
  4. 058Ravira Holdings owns 40% of listed Ravira Motors, worth Rs 20,000 crore in total, has net debt of Rs 500 crore and no other assets, and a market value of Rs 5,000 crore. What is the holding company discount, and how would you trade it?Pairs and relative valueWarm upLong-short equity fundsMulti-manager platforms
  5. 059Vetrin Partners starts a quarter with Rs 100 crore long and Rs 100 crore short on Rs 100 crore of capital. Longs rise 20% and shorts rise 30%. What are the new gross and net exposures, and what must the PM do to get back to target?Portfolio construction and sizingWarm upMulti-manager platformsLong-short equity funds
  6. 077Build a three-line revenue model for Drovi Quick Commerce: 8 lakh orders a day, an average order value of Rs 450 and a take rate of 18%. What are annual GMV and net revenue, and which input moves revenue most for a 10% change?Earnings, models and KPIsWarm upBalyasny Asset ManagementNew York · 2026
  7. 078Samvara Telecom announces a rights issue of 1 new share for every 4 held at Rs 60, with the stock at Rs 100. What is the theoretical ex-rights price, what is each right worth, and what should a holder who does not want to invest do?Event-driven and merger arbitrageWarm upEvent-driven fundsMulti-manager platforms
  8. 079Kairav Capital, with AUM of Rs 60,000 crore, pays a fund administrator 3 basis points a year for middle-office work. Building it in-house would cost Rs 12 crore a year plus Rs 15 crore to set up. Using the data, write the recommendation: in-source or not, and at what AUM does the answer flip?Fund economics, NAV and LP decisionsWarm upD.E. ShawNew York · 2025
  9. 082An analyst at Tavish Capital made 40 trades: 18 winners averaging Rs 1.8 crore and 22 losers averaging Rs 1.0 crore. What is the hit rate, the expectancy per trade, and what would you tell the analyst?Manager evaluation and attributionWarm upFund of funds and allocatorsMulti-manager platforms
  10. 083You are long Rs 10 crore of Menvik Steel (beta 1.3) and short Rs 10 crore of Irvanta Steel (beta 0.9). The market falls 10% and both stocks move exactly with their betas. What is your P&L, and how should you have sized the short?Pairs and relative valueWarm upLong-short equity fundsMulti-manager platforms

Company names and figures are illustrative.