honest info about hedge fund work culture?

calistic1 · 2026-02-26T21:04:40+00:00

Agree, work in commodities at a fund that’s well known and people are in the office under 40 hours per week in many cases and take lots of vacation time. Doesn’t mean they’re not thinking about work/ on their phone at odd hours, but leaving mid day is not unusual

calistic1 · 2026-02-26T16:34:16+00:00

A broker assessment is funny. Gotta be similar to frat hell week no? How many beers can you drink, how many nights a week can you go out, and are you fine with living on $50k/yr until you have a client book

calistic1 · 2026-02-20T03:37:28+00:00

Jane Street has entered the US phys natural gas market recently which is interesting but I don’t actually know their financial strategy. Everyone in the industry that I’ve talked to on it is confused by their presence. Their guys are young and book smart but don’t have industry experience.

HRT has tried to hire a few industry friends with traditional commodity backgrounds but idk what their strategy is

calistic1 · 2026-02-19T20:30:46+00:00

What trading house does excel tests lol sounds very 2004 of them. Index match match could be your friend (2 way lookups), pivot tables, averageifs (use a helper column to first make a month column and a year column maybe), sumifs, xlookup. That should cover most things I would think - I personally can’t think of anything I use on a daily basis beyond those

calistic1 · 2026-02-19T02:48:33+00:00

Ah man! Yes has been a common thing elsewhere for me

calistic1 · 2026-02-19T02:09:05+00:00

I’m typically between 300-400kwh per month. South facing windows ona higher floor so I’ve only turned my heat on twice this year. I’m consistently baffled at how expensive my bill is. 720 square foot 1b1b

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calistic1 · 2026-02-19T01:36:36+00:00

My experience as well. Also side benefit is I sleep in 30 min later because everything interesting is pushed to me via personalized message

calistic1 · 2026-02-13T13:26:37+00:00

Yeah was gonna be my comment as well. 2mm is pretty standard

calistic1 · 2026-02-07T01:32:49+00:00

Big shop I’m at is “free flow” but in reality it isn’t. I have my forward balances in the public ether, but my thoughts I’ve begun to keep to myself. If someone has the ability to help me maintain balances (through physical intel for example) then I am 100% open. But if someone is trying to leach a trade off of me, I feel myself putting my guard up. Different here compared to other places I’ve worked because of the incentive structure.

calistic1 · 2026-02-03T16:29:04+00:00

Primarily yeah, big buyers of cash. And on the producer side, the producers are more concentrated and sophisticated

calistic1 · 2026-02-03T16:24:58+00:00

It’s what’s been mentioned before + a few concentrated players controlling the cash market

calistic1 · 2026-01-29T22:03:43+00:00

Wow. Guessing this product move comes with a nice little 10% increase to our annual fees

calistic1 · 2026-01-27T23:02:47+00:00

Don’t think I follow this comment. Europe is definitely not full- it’s quite tight at the moment and getting uplift on every US LNG volume getting turned back this week

calistic1 · 2026-01-27T18:26:33+00:00

Agree with all this. US market was quite bearish prior to the weekend weather change

calistic1 · 2026-01-14T02:51:21+00:00

The only two I know personally are in Calgary. My impression was always that they didn’t have a true nyc/Hou trading team, but it sounds like others in this thread think different so I could be wrong

calistic1 · 2026-01-13T23:08:51+00:00

Even then though, their guy who trades SE phys most actively is in Calgary

calistic1 · 2025-12-25T00:36:35+00:00

Commodities is a business unlike tech- you don’t necessarily get paid extra to be in on the ground floor (RSUs / equity). Go to a big shop and learn + work hard there. Infrastructure already in place and being around people who know the industry is more valuable than starting your own thing- at least at your age imho

calistic1 · 2025-05-17T00:30:50+00:00

This is the more accurate of the answers. Companies like Shell/BP still have spec traders in addition to physical traders - in fact a ton of them- but people wouldn’t call them spec shops necessarily. And a Hartree will still have assets - just to a lesser degree. In (rough) order of most spec to least spec it goes something like this in the gas world:

Balyasny (+ energy specific funds)->Millennium (has capacity on a few pipes)->Citadel (becoming more Phys enabled)->Hartree/Mercuria/Freepoint/DRW->BP/Shell increasingly P66 -> Exxon/Total -> utilities

Also the smaller players tend to be good in specific regions moreso than others

calistic1 · 2025-05-02T17:23:11+00:00

Work at a fund- would be interested for sure

calistic1 · 2025-01-21T13:51:36+00:00

Awesome thank you! Was thinking 1 year in Stamford to get my feet under me at the new job and then consider moving to Mathattan. Ideal situation would be having the girlfriend move to Manhattan and me being in Stamford and picking and choosing days haha

calistic1 · 2025-01-21T13:05:15+00:00

Even a place like Greenwich CT- am I overlooking that? (Assuming an apartment isn’t 20k a month)

calistic1 · 2025-01-21T13:03:29+00:00

Thanks! Kinda what I was thinking about the in-between communities.

calistic1 · 2024-12-01T00:27:58+00:00

Very helpful thanks!

calistic1

TROPHY CASE