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 1–8 of 8 · filtered from 100Clear filters
  1. 002Tunevi Music adds 10,000 subscribers a month and loses 5% of its base each month, at Rs 120 per subscriber a month. What are the steady-state base and revenue run rate, and how long does it take to get halfway there?Earnings, models and KPIsCoreLong-short equity fundsMulti-manager platforms
  2. 015Zenaris Consumer reports quarterly revenue of Rs 1,260 crore, up 20%. Distributor checks show their stock rose from 30 to 45 days of end sales, with end sales running at Rs 12 crore a day. How much of the quarter is channel filling, and what is the underlying growth?Earnings, models and KPIsHardLong-short equity fundsMulti-manager platforms
  3. 027Castrelle Fashion reports revenue growth of 18%. New stores add 12 points, same-store footfall is down 2% and the average bill is up 8%. Break the growth down and say what it tells you about demand.Earnings, models and KPIsWarm upLong-short equity fundsMulti-manager platforms
  4. 040Aerolva Airlines runs at an 80% load factor with an EBIT margin of 3%. About 80% of its costs are fixed for the season. If the load factor rises to 85% at the same fares, what happens to the EBIT margin?Earnings, models and KPIsCoreLong-short equity fundsMulti-manager platforms
  5. 052Belvanta Electricals has quarterly revenue of Rs 1,000 crore, a 35% contribution margin and Rs 200 crore of fixed costs. Consensus assumes 12% volume growth and 3% price growth; your channel checks say volume grows 8%. How big is the EBIT miss?Earnings, models and KPIsCoreLong-short equity fundsMulti-manager platforms
  6. 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
  7. 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
  8. 089Durvel Steel cuts its guidance for EBITDA per tonne from Rs 12,000 to Rs 10,500 on volumes of 15 mt. The stock falls 8% on a market cap of Rs 40,000 crore. The sector trades at 6x EV/EBITDA. Was the fall an overreaction if the cut lasts one year, or if it is permanent?Earnings, models and KPIsHardLong-short equity fundsMulti-manager platforms

Company names and figures are illustrative.