Steadfast Financial
Any insights into comp / investing strategy / culture / reputation? Looks like they’re a larger cub, but no discussion on them here. Thanks
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One of the larger SMs left, well respected, smart investors. Not sure about culture/comp/returns but think they held up better than growth cub peers last few years
To everyone: I'd be very careful taking advice and insights from a college kid (above user and the intern user below). If you want real advice, just ask a friend in the HF biz instead of some freshman who just reads WSO all day.
As for Stdfst thoughts, I question the "held up better than growth cub peers" as they're analysts are pretty low quality and have horrible process. And I know what they've been involved in on L and S side...not pleasant.
Asker and answerer on WSO most of the time:
dont have any insights into the firm, but looking around linkedin, some senior departures recently (including their “head of US”). usually that doesnt happen when a firms doing well and ppl are happy
Not talked about too much on here as they purposely stay under the radar, but are a very well respected fund. As other commenter guessed they have held up significantly better than their peers. Not sure about culture but people I've spoken to there seem happy and job stability seems pretty good. Don't have insight into comp.
They used to have a Silverlake pipeline; recent hires seem to be coming from 2+2 PE and HBS MBA as well as direct from top-tier banking programs. High-quality seat with very low turnover — anecdotally have heard that they’ve been more nimble than their traditional tiger cub peer set and less over-exposed to tech. They just had an analyst leave to become a sector head at Coatue if that tells you anything. I’ve heard about payouts in low single-digit millions for senior analysts who have done well with their own sleeve after just a couple years at the platform with no prior publics exp.
Are we looking at the same firm? Their recent hires are from pod shops…
Some of the experienced hires are from pod shops (Citadel, Balyasny), assuming to fill the the recent departure of a more tenured analyst to Coatue, but I'm seeing HBS / Providence / JPM, Centerview, HBS / Berkshire / GS PEG as their most recent hires outside of that. I don't see any pod shop hires besides the 2 you mentioned, so suspect their primary pipeline is 2+2 PE + HBS and top banking analyst programs.
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