LA Manager Scene: TCW Payden Doubleline Western Pimco Gugg ETC.
Hello, I am currently working in PE, and I am looking to make the shift over into the LA AM scene. Can anyone talk about differences in culture, "prestige" (not trying to be that person, just want to know reputations), and specialties? Thank you for any info in advance!
Based on the most helpful WSO content, here's what you need to know about the LA Asset Management (AM) scene:
Culture:
Prestige and Reputation:
Specialties:
Recruiting and Entry:
If you're transitioning from PE, your experience in deal underwriting and implementation could be a strong asset, as AM roles often value practical knowledge of business plans and investment strategies.
Sources: Life as a Top Asset Manager, Life as a Top Asset Manager
PIMCO, nuff said. They're going heavy into asset based lending and private credit scene. Majority of flows are on publics side but alts has juicy returns so they're investing more in that side of the business. Top down focus, so traders and macro take precedent over research or bottom up approach. Income fund is their specialty,
Doubleline, also great. Gundlach is GOATed and Jeffrey Sherman is a smart fella. All strategies are publics focused, again more of a topdown focus. Compared to some of the other names you mentioned their total AUM is pretty small $91b compared to PIMCO $2.1t but don't let that scare you away because it would be an amazing training ground.
I know of the other groups you mentioned but I'm less familiar with culture and strategies. Seems like you're focused more on credit shops. Since you have a PE background are you interested in PC then? Ares, and Oaktree are HQ'd in LA.
Would u be able to share the comp range for a junior at these shops
How is western doing post underperformance and scandal related outflows?
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