I applied through a recruiter. The process took 2 months. I interviewed at SEI Novus in Jul 2014
Interview
I interviewed with Novus in July. Three phone interviews followed by meeting. Three phone interviews is a bit of an overkill, and the process took eight weeks. They should expedite the hiring process a bit.
Phone interview included general questions such as what is a hedge fund, why are you interested in investing etc. In terms of culture, it seems a lot of young guys, virtually no women, and very long hours.
Interview questions [1]
Question 1
The interview asked generalist investment questions (for example, if you were an allocator, what would you look for in a hedge fund that you were adding to your portfolio).