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
Showing 1–4 of 4 · filtered from 100Clear filters
- 022In a timed data exercise you get 5,000 stock-days with 40 features and must build a predictor of next-day returns. Your model has an in-sample R-squared of 4% and an out-of-sample R-squared of 0.5%. What happened, how do you present it to the researcher, and what would you try next?Squarepoint CapitalParis · 2025Squarepoint CapitalParis · 2025
- 024The Morlen momentum strategy was tuned over 200 combinations of look-back and holding period. The best has a backtest Sharpe ratio of 1.8 over five years. How much of that should you believe, and what test would you run before allocating?Quant and systematic funds
- 075You receive the Project Tamarind dataset of 30 anonymised columns and a target of next-day returns, to be tested on data you cannot see. Column 17 correlates 0.35 with the target in-sample. What do you suspect, how do you check it, and how do you build a model that survives the hidden test?Point72new york · 2026Point72new york · 2026
- 100Build a value factor on the Trivan universe of 12 stocks across three sectors: rank on book to price, go long the top three and short the bottom three. Then build it sector-neutral. The two versions give different returns. Why, and which would you use?AQR Capital ManagementNew York · 2021
Company names and figures are illustrative.