Wake up and immediately read the latest news on the Internet on the New York Times, Wall Street Journal, Financial Times и CNBC, view information from analysts. Flip through a hundred letters in the mail, pay attention to messages from investment banks. There is never enough time for everything - read the rest at work. Depending on the location of the office, someone does a morning run, but someone has to go to work right away, to make it through traffic jams.
In the office, the day begins with the inclusion of Bloomberg terminals and a quick breakfast. First, the analyst quickly checks everything, what caught his attention while checking the news at home. Next, you need to read several analytical reports and many more articles from the news feed., Google News, Bloomberg и Facebook.
It is sometimes helpful to discuss the news with your coworkers., and then pay close attention to price movements, when trading opens on the market, especially sharp jumps occur at the very beginning of trading. After the opening of the day, the time appears in the markets, to finish reading the rest of the mail, have breakfast, view several reports and search for useful information on the net.
Further, the analyst most often conducts a qualitative analysis of various indicators., IPO forecasts, quarterly reports, watching presentations, interviews with company directors, press releases, reports, JP Morgan или Bank of America. The analyst's tasks include assessing what is happening on the market, search for oddities and illogical scenarios, which can lead to a good earning opportunity.
When the qualitative analysis is over, specialist starts quantifying - building or updating models. At this stage, you need to determine the main indicators of growth and add your own assumptions., supported by facts. You need to check everything very carefully, to ensure safety with a margin for potential trades. The analyst has many tools at his disposal, for example, for discounting or simulating asset allocation.
After the analysis, it is necessary to clarify the resulting figures and investment calculations., call colleagues from an investment bank, an expert or acquaintance in the industry. There is no room for mistakes, everything must either exactly converge, or not.
Until the middle of the day, the hedge fund employee has to fulfill the planned plan. If important stocks begin to change significantly in price, then you must definitely follow them closely. It is also worth contacting the manager and find out, more work needs to be done, ask for an opinion on the analysis, which was just held. In the remaining time, you have to read a lot and continue to analyze: open data and queries, transcripts of records, presentations, data analysis, forecasts.
Good ideas can come from reading., rather than constant monitoring of quotes. Depending on the workload and responsibilities, the analyst can build many mathematical models or give them to someone of lower rank and focus on broader things.. Taking small breaks every hour is very helpful., to stay focused throughout the day and not make mistakes in calculations.
Monitor stocks again at noon, with lunch break. After the meal, the analyst expects a new wave of market news, sometimes meetings, and many more texts - reports and documents on the industry. It is important to check, how are competitors doing, read their websites and reports.
Finally, in the late afternoon there is an opportunity to go to the gym, get physical activity for an hour and a half and take a break from finances. Work does not end after the gym - new data, collection of information, reports, evaluating projects with other analysts, meetings and other such things. There are meetings with colleagues from other organizations and banks, during communication, you can get valuable information, the main thing is not to reveal any secret of your company, but otherwise the exchange of rumors is useful.
The analyst's working day ends at about 19:00-20:00, someone continues to work from home, but if a person has a family, and he wants to keep his emotional state normal, he tries to maintain a balance between life and work, prioritize correctly.
The rest of the time is spent for dinner., communication with family and friends, sometimes for reading or entertainment. On rare occasions, instead of watching a series and reading a good Books have to analyze new reports and watch interviews with company leaders, to be ready for, what can happen the next day. Someone even manages to find time for their hobby and develop not only on weekends..
You have to go to bed quite early - the morning of the hedge fund employee starts at about 5:00. Reading before bed is harmful, but not everyone can resist. The next day everything repeats itself.
Some firms are fairly loyal to employee behavior, more often they are large organizations, where long-term relationships and work for results are valued, what unscrupulous workers can use. There are other companies, where you are turned into "slaves" for a common cause, such organizations are not suitable for everyone, but there are people, who like this atmosphere.