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 1–3 of 3 · filtered from 100Clear filters
  1. 049Quillon Software, an Indian SaaS company, has revenue of Rs 800 crore growing 25% a year and an EBITDA margin of 18% that management says reaches 28% by year three. It trades at 6x EV/sales (EV Rs 4,800 crore) against peers at 5x. Pitch it: what do year-three EBITDA and a 25x exit multiple imply for the return, and what has to go right?Long pitches and valuationHardMillennium ManagementNew York · 2023
  2. 050Rank four businesses from best to worst investment in one hour with quick maths: Palvin Pipes (ROIC 15%, growth 10%, P/E 18), Serik Software (ROIC 40%, growth 20%, P/E 45), Morvanti Hotels (ROIC 7%, growth 8%, P/E 30), Juvara Dairy (ROIC 18%, growth 6%, P/E 14). Use earnings yield plus growth adjusted for reinvestment.Long pitches and valuationHardViking Global InvestorsNew York · 2025
  3. 099Varuni Retail earns a 25% ROIC, reinvests 60% of earnings and trades at 40x. Ostrel Metals earns an 8% ROIC, pays out everything and trades at 8x. Over ten years both multiples converge to 15x. Which stock returns more, and how sensitive is the answer to the exit multiple?Long pitches and valuationHardCoatue ManagementNew York · 2023

Company names and figures are illustrative.