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 11–15 of 15 · filtered from 100Clear filters
  1. 065Your long thesis on Ruvello Textiles is that its EBITDA margin rises from 9% to 13% as cotton prices fall 15%. Cotton is 45% of revenue. What if cotton does not fall? Rebuild the margin with cotton flat and up 5%, and say what else must carry the thesis.Earnings, models and KPIsCoreApollo Global ManagementRemote · 2021
  2. 068Tarsil Pharma trades at 14x earnings while three peers trade at 20x, 22x and 24x. But 35% of Tarsil's revenue comes from one US product that loses patent protection in two years, which would cut earnings by 30%. Is Tarsil mispriced against its peers?Long pitches and valuationCorePoint72London · 2026
  3. 073How would you make money from social media data on Fizzora Beverages? You have three years of daily brand mentions and sentiment, and quarterly sales. Design the signal, the test and the trade, and say how you would know it is not noise.Systematic research and dataCoreTwo SigmaNew York · 2024Two SigmaNew York · 2024
  4. 080Tanvik Beverages wants to enter a new state with 5 crore people, where per-capita soft drink spending is Rs 600 a year. It targets a 6% share in three years at a 20% EBITDA margin, with Rs 150 crore of set-up cost. Size the market, the revenue and the payback.Global macro tradesCoreBridgewater AssociatesStamford · 2026
  5. 081Tessaro Hospitals runs 3,000 beds at 62% occupancy and earns an average of Rs 50,000 per occupied bed-day. Your structured idea is that occupancy rises to 72% in two years as new wings mature, with 50% of incremental revenue flowing to EBITDA. Set out the thesis, the catalyst, the numbers and the main risk.Long pitches and valuationCorePoint72London · 2026

Company names and figures are illustrative.