Mostly just CLO $$ and raised a new PE fund recently. Liquid non-CLO credit returns have disappointed for many, many years.

Culturally, they are known as the worst of the worst. Was a good place to work 15-20 years ago.

Also the worst counterparty ever - they're #1 in terms of Disqualified List Appearances in BSL mkt.

Networking is very difficult b/c nobody wants to speak to you because of the firm's negative reputation

Leaderships is casually dismissive to anyone who looks different than them and you are basically there to crank and not ask questions... limited room for internal growth. Paranoid partner base is still there. Unrealistic expectations and very low financial rewards.

Pay is 20-30% below market.

The founder is Steve Deckoff - and he just bought Jeffrey Epstein's "pedo island" ---- his son, who isn't a star to say the least, works there too. 

 

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Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
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