All i found on google "Force Capital is a $1.9 billion multi-strategy hedge fund. It was founded in 2002 by Robert Jaffe who left Stevie Cohen's SAC Capital after working there for over 8 years. According to The Value Investor Insight , which interviewed Jaffe in its December 22nd issue, the firm's main equity long/short product has returned an annualized 17% since inception."
Any additional info? What other funds do they run besides L/S equity?
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Sorry to bump the old post, but wondering about these guys as well. Does anyone have any info?
I worked at a hedge fund allocator and we met with these guys several times but keep in mind this was awhile ago. Jaffe, iirc, is an ex-SAC guy that left SAC to start his own fund and then that shut down rather quickly and he started Force. Solid track record though I have not seen performance lately. Basically a long / short, bottoms up equity strategy. Small investment team and overall headcount or at least there was. No clue about current AUM but I'd guess right around $750mm to $1bil range.
aum still at 1.6-1.8bn and investment team of 3-4.
I am interviewing with them. Anyone know how theyve been doing or what comp is like? Anyone gone through the interview process?
I had an offer from these guys recently so I'm familiar with the fund. I hear they've been doing well this year, but I think they're smaller than someone mentioned above. Closer to 500 million was my understanding.
Good luck with the interview process but make sure to do your homework before accepting anything. A few analysts have left recently and the PM has a reputation.
i did not accept my offer
Why didn't you accept? Can you PM me? Does anyone have any more on this place?
These guys are in the 450-500 AUM range
Interviewed with them some time ago. Did not take the offer because of the firm's reputation of high turnover and some horror stories I learned from speaking to former analysts. Current AUM should be around 600.
Heard they fell off a cliff. Can they still afford the GM building?
I agree totally with what nyktt. People were quitting because the work environment is very toxic. I heard from the same former analysts as you did. They said it was the biggest mistake they ever made joining the firm.
BH is right. Not a place to be
The PM has quite an attitude is what I am hearing from former analysts and traders of the firm.I also got an offer but was forced to turn it down because of the harsh working environment.
Yeah, got an offer from there. Talked to former analysts. Immediately declined the offer. You just need to talk to a few of these guys and you get the picture. Place sounds like North Korea.
I know a few former guys here, smart guys who have launched their own shop. There is an significant amount of turnover at Force. The PM promotes a very poor culture and is very dysfunctional. I think the most senior investment professional there is ~2yrs at any given point, which speaks to peoples view on the long term opportunity. Analysts are routinely shouted at and interaction with PM on investment ideas is slim to none. Again, unless they are being shouted at. There are numerous data points here, on glassdoor and it seems like everyone ecourages candidates to talk to former analyst - none of which have a single nice thing to say about the place
Someone's got to share a story
I spoke with someone who worked there for a few months. Terrible experience since the PM berates analysts or just doesn't talk to you for weeks. Anyone joining should talk to a former analyst or even guys who are tehre right now. hard for them to say even positive things about the place and the upside there. I would say that anyone who thinks they are different or special, think again. Lots of Columbia harvard penn guys to reach out to on linkedin. theres also a glassdoor posting that i suggest people look at carefully seems like a very scary place to be part of.
All the above points are very valid. This place is nothing but toxic and the analysts and traders are there only because they have no other options after having interviewed at other places for over a year. PM expects you to be glued to your desk at all times and analysts here are scared to leave their seats in fear - even to take a lunch break.
One of the most difficult places to work and not somewhere you would want to go if you are looking for a learning environment. I worked there for a few months and the points made above are accurate regarding the berating analysts. It's a very tense place to work and I would say that the most senior guy there will be around 2-3 years at. I would advise against anyone to work here since you will come out very bruised like I did and if you do not believe me reach out to all those guys who were there on linkedin. A lot of penn, harvard, columbia , princeton and stanford alumni have passed through the firm. I guarantee you that there no good story and the PM having a terrible reputation, talk to other hedge fund managers if you need more clarity.
What are the hours/comp like?
Force Capital Management Discloses 5.6% Stake in Sears (SHLD) (Originally Posted: 02/13/2014)
Can anyone make sense out of this for me? Sears is a furnace fueled by cash
I swear there are like 3 places who explain this... Real estate portfolio and appliance brands. Simple.
That's why the run as of late...but honestly, you can buy any piece of sht, throw in a few decent directors, and sell it as hope pushes it up 30%+
Force Capital Management (Originally Posted: 11/30/2009)
Does anyone know anything about Force Capital Management? AUM? What its like to work there? Compensation?
Any help would be greatly appreciated.
I would stay away. PM has quite an attitude and that forced me to turn down the offer. Heard from many analysts who worked there before that quit after a few months.
Just talk to former analysts to get the picture of the place.
I have only heard horror story after horror story regarding the PM. It would be wise to talk to people in the industry about the culture
Really not a pleasant place, worked there for a few month left right away, huge mistake joining knida my professional goals of track zero growth PM as a nasty attitude and the environment is very hostile and toxic. I strongly suggest that you don’t waste your time with this place – its not worth it .stock picks are also kind of weak
Worked there for a few month and saw right away that it was not worth, pm is unstable, cheap with bonus and very nasty to all member of the team. It’s not really a team, saw some investors pull out during my time there because of extremely high turnover, also saw 4 analysis come and go in my few months there, this place should be your last resort t’s a total nightmare very poor culture, only reason anyone is there is to use the place as a stepping stone – working hours start from 8- 730 no lunch benefits are shitty ,
Haha hope whoever this PM is sees this...
The name sounds kinda rapey
It’s a tough place to survive. There are some really smart folks who worked there but the PM has a extreme reputation. I know a guy there from penn who has been trying to leave for over a year now so it tells you how bad it is.
why do all these accounts have 1 post?
^ i've been on this forum for a while and can cosign most of the above. no personal experience but have a friend who came and went in a matter of months
Force Capital Management: interview, insights on company? (Originally Posted: 03/06/2012)
Anybody have any insight on this firm? Going through the interview process with them now. Not much information out there.
Apparently they're "investment advisors"... is that like PWM?
No.
Robert Jaffe's shop. Don't keep up with fund space as much these days but they were definitely legit a few years ago.
So are they PE?
Facepalm.
http://homepages.rpi.edu/~markhn/sounds/bright.wav
Cool, hope you guys feel better about yourselves now.
Anyone actually know anything about them to help out the OP and myself?
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