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Hedge Funds Use Thunderdome Tactic To Recruit Talent

I am a student, not your entertainment.

Good news for you non-target school kids! You have a chance to strut your stuff and battle with the best of the best for a chance to work at Apex Capital.

The head of HR over at Apex is probably getting off a Mad Max binge because their new recruitment tactic involves students duking it out, Thunderdome style.

Contestants will be divided into two groups:

•Group A will open the debate with long or short pitch on a chosen stock in a one-minute video.

•Group B will challenge the pitch of Group A by taking the opposite position on the same stock. The challenge will be sent via Micgoat App.

Each contestant is required to find one partner from the pool of entrants. Contestants will have a total of 3 days to complete one full video debate of 3 video exchanges (30 seconds each).The top 24 performers with the most upvotes from the jury and the audience via Micgoat App will be invited to Round 2.

The jury will announce the debate partners and provide a new list of topics. This time group B will open the debate and group A will challenge. The entrants will have 2 days to complete the debate.

Top 3 The three top performers of Stocks Debate Challenge 2018 will be invited for a job interview with Apex Capital Holdings, LLC, a prominent multi-strategy equity investment firm in New York City.

Top 5 Thinknum access for 1 year + Seeking Alpha PRO Access

I guess all we are to Apex is cheap entertainment. A panel of judges sits atop their Manhattan offices and watches us bicker like children while we try to gain favor. Us millennials are supposed to have each other's back. Without widespread support across our community, how will we complain about anything loud enough for it to go viral, but not loud enough for any real change to occur?

They're trying to make us feel at home by hosting the competition on an app, but in all reality, they're just using our own technology against us. In fact, I bet the app doesn't even work properly and they're using this as some kind of sick trial test like we're...animals.

My millennial mind is as fragile as Derrick Rose's ACL, and I already compare myself to other people's social media accounts on a daily basis. And this is even truer of the recruiting process. I'm quite gifted at making an ass of myself in interviews when I'm with the employers, and now there are other people that are looking to make an ass of me as well. It's like I'm just one big ass sandwich waiting for my emotions to be shattered and my father to be disappointed.

I ass sandwich.

Secret Intern Diary: Keep submitting stuff like this to me at or feel free to tweet me @InternThad. In other news, I went to a networking event yesterday, and what I saw sickened me. Journalists can put down Ziti and garlic bread faster than Joey Chesnut, stopping only to drink, not for enjoyment or refreshment, but to act as a lubricant for their gullet. The vegetable tray was left untouched. I hope to God that I never turn into what I saw yesterday. 

Hedge funds are getting creative about acquiring young talent [LinkedIn]


Which Hedge Fund Manager's TV Commercial Are You Most Looking Forward To?

I take back whatever mildly negative things I may have said about the JOBS Act, since apparently in addition to making it easier for small startups to rip off investors, it will also make it easier for small hedge funds to rip off investors: President Barack Obama’s securities-law rollback known as the Jobs Act, expected to be signed into law next month, also contains a provision that would lift the ban on the marketing of private funds, potentially giving hedge funds, private-equity funds and others greater freedom in marketing their offerings to the public, industry attorneys said. Currently, private funds are allowed only to market to a small group of investors: those with whom they have pre-existing, “substantive” relationships. Under the bill, hedge funds could start sponsoring sporting events and begin advertising their funds in print, the lawyers said. The shift is “significant” and could provide a boost to small hedge funds trying to raise capital but that lack brand-name recognition or wide contacts, says Steve Nadel, a hedge-fund lawyer with Seward & Kissel LLP in New York; larger, more established firms sometimes have investors waiting to invest. The Journal goes on to talk about the free speech aspect of this, and I did that too, so yay, now you can tell strangers how awesome your hedge fund is, AND OF COURSE YOU WILL DO JUST THAT, and you probably are already and are surprised to learn that it's illegal*? Also, and more importantly, soon you will be able to give people money to induce them to tell strangers on the internet how awesome your hedge fund is, so, y'know, consider giving us some of that money, because we like money.