3.29.2010

47 Degrees North Capital Management - Hedge Fund Manager Profiles

47 Degrees North Capital Management

Strategies:
Fund of Funds, Emerging Markets

Description:
47 Degrees North Capital Management is a specialist alternative investment firm offering fund of hedge fund investments to institutional investors seeking access to emerging managers, innovative strategies and thematic hedge fund investments. $& Degrees North identifies managers using a qualitative and quantitative process.

Leadership:
Claude F. Porret, CEO
Managing Member, CEO

Assets Under Management (AUM):
$100 Million

Website:
www.47n.com

Contact Information:
47 Degrees North Capital Management
440 Park Avenue South, 14th Floor
New York, NY 10016

Phone: 2129203570
Fax: 2129203571

6800 Capital - Hedge Fund Manager Profiles

6800 Capital

Strategies:
Multi Strategy, Fund of Funds

Description:
6800 Capital is a New Jersey based fund of hedge funds manager. The firm's manager selection is based on a database of over 5,000 advisors from ultiple asset classes including equities, interest rate markets, commodities, and currencies. The firm also offers specialized and custom tailored funds designed for those investors looking to enhance their existing portfolio of alternative investments.

Leadership:
Paul R. Morin, Director of Research
Chairman, Director of Research

Assets Under Management (AUM):
$240 Million

Website:
www.6800capitalllc.com

Contact Information:
6800 Capital
One Palmer Square East, Suite 530
Princeton, NJ 8542

Phone: 6099216595
Fax: 6096831397

3.22.2010

Hedge Fund Gains From Cold Arctic Weather

Betting on Weather
Plenum Power Surge, a hedge fund based in Switzerland, is up 19% in just the first two month sof 2010 after betting on increasing power prices in Scandinavian countries.

The Plenum Power Surge fund manages almost $100 million in assets and has correctly predicted increasing prices after the coldest winter in Sweden in more than 20 years.

Henrik Wennberg, portfolio manager of the fund said, "...we were bullish on weather....and started buying then to take long positions."

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Hedge Fund Cover Letter Tips

Hedge Fund Cover Letters

Applying for a hedge fund job? You are going to need a strong hedge fund cover letter. Most hedge fund managers won't give your resume/cover letter more than a few seconds of their time (time is money). Writing a unique and concise cover letter is essential if you want a second-glance from most hedge fund managers.

Brevity is important. Don't waste the time of the person reading with boring cliches or superfluous information. However, there are a few key things you must say in your hedge fund cover letter:
  • Who are you and what can you do for this specific hedge fund manager?
  • What do you want to do for the hedge fund (research, quant, programming, internship)?
  • Why are you qualified for this role / what makes you the right person?
Answer these questions concisely and you will be ahead of most of your competition. Also, remember this: the vast majority of job postings for hedge fund jobs specifically state that outstanding communication skills are required. What better way to demonstrate your written communication than in your cover letter to a hedge fund manager. Spend the time necessary to answer these questions and show your ability to communicate key information.

Of course, you shouldn't forget cover letter basics such as formatting and closing with a call to action (invite to meeting, or commit to a phone call etc.) You can find some cover letter basics here.

Also, make sure to check out our Hedge Fund Resume Writing Guide.


More info on hedge fund cover letters:


Guide to Getting a Hedge Fund Job

Cover Letter and Resume Editing

Hedge Fund Resume Writing Tips

Hedge Fund Resumes

Increased competition and consolidation among hedge funds and other alternative investment companies has potential employees scrambling to get an advantage. Though your qualifications are paramount, presenting your skills properly through a well-designed resume can be of significant importance. Below, you will find some tips on writing a quality hedge fund resume.

There are plenty of resources on general resume writing. If you need a refresher course on the basics of resume writing, go here. This post will focus specifically on some of the important considerations for writing hedge fund resumes with impact. We also assume that many of those reading this post are looking for relatively entry-level hedge fund jobs such as Hedge Fund Analyst or Hedge Fund Associate, maybe even an internship with a hedge fund.

The first step is to identify anything from your academic or employment history that might help you stand out from the dozens or hundreds of other potential applicants for the job. Most people applying for a hedge fund Analyst role, for example, will have excellent GPAs from top universities. This is especially true for large hedge funds in New York, which often draw many Ivy League applicants. If your GPA or SAT scores were outstanding, include them, but if you put too much focus on something like grades or test scores, you risk being outmatched by an applicant with even better ones. Instead, try to focus on an unique achievement that demonstrates why you are qualified and also helps you to stand out from the competition. Maybe you helped found your university's investment club, maybe you had an internship with a boutique hedge fund, maybe you helped create a charity sponsoring micro-loans in Asia.

Find that achievement that differentiates you and highlight it. Unless your academic and professional history are superb, being bland will get your resume and cover letter tossed in the trash.

Remember, your resume will be unlikely to get more than a brief glance from most hedge fund managers. You have to make an impression. If necessary, you can use the interests section of your resume to get some attention. Be careful not to overdo this section, but if you happen to know that a certain hedge fund manager dines at fancy French restaurants, and you are huge wine connoisseur, maybe you mention in here.

Now, focus on creating a hedge fund cover letter that will give the person reviewing your application reason to look at your stellar resume.

More info on hedge fund resumes:
Foot in the Door, The Art of the Hedge Fund Resume
Guide to Getting a Hedge Fund Job

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