Arena Investors
Does anyone have insights about Arena? Especially regarding culture / career path / compensation?
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Career Resources
Comp is below market...
Is below market for pe or for hf? And how is it structured?
Probably both. Base + bonus, no carry. They legitimately do work on interesting things, but some groups are far better than others
How low? Saw some openings there but wondering if its a waste to bother applying.
Much lower than market.. and those posting have been there for a while now and keep getting auto refreshed
Have seen a flurry of applications coming out of Arena as of late to both my shop and to others friends in the industry. Comp is apparently very below market. Didn't ask for specifics but use that as a base case if you're seriously considering something there...
So if you are hypothetically a high potential individual, does it make sense to start there?
Arena can be a step stone to a better place for sure, but it'll take work on your part. I don't think top HF is a realistic base case exit but the world is your oyster. The culture is such that you can take more responsibility / position yourself better within the firm if you are comfortable having sharp elbows and advocating for yourself. It is extremely entrepreneurial. If you go to Dan with a well thought out business plan for a new vertical or product he'll let you own it.
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Bump. Does anyone have more recent insight?
Compensation appears below market (base + bonus). Team is very lean and not by design as I seen a flood of applicants attempting to exit.
how low?
Can confirm that comp is now in line with market - as far as salary is concerned.
Don't think base was the issue. Bonuses have generally been shitty afaik
What's latest here? It looks like there was basically a coup
Seems that way but don't understand why? They seemed to be doing fine from the outside
I mean, the results speak for themselves. ($8mn) EBITDA for an asset manager with allegedly $4bn AUM is so laughably horrible I can't even imaging how I'd accomplish that myself.
Dan got swindled by Chin Chui and his Company taken away from him but that was never even the issue. Arena was terribly run with Dan as well. Everyone who is good leaves. The folks who stay are +50yrs old and just happy to keep their salary but they know its a terrible place too because they train junior talent and then they leave because the comp is so bad. The people who stay are the ones who can't find a better place because they are mediocre. You'll never get a "wall street" bonus at this place. Looking at 15-25% of base. The investment returns are not good and the business loses money. Historically, they have had to borrow money in order to pay bonuses.
The name change to CCaventus is them trying to repair a tarnished reputation with Arena because its that bad. The insurance/annuity business took months to get off the ground because of pure incompetence. Then they got a B+ rating when they were telling everyone they were supposed to be A rated.
They have no money to invest in anything that resembles liquid public credit. They are turning into a pure insurance company with some real estate and structured finance exposure. Those are the only teams I would actually consider if I was a candidate. Folks who are still there in other verticals are being told to go raise their own capital in order to be able to execute a strategy.
This is not a place you want to work at unless you have no other choice. If thats the case, stay for 2 years and jump ship as soon as you get a better opportunity.
DZ strikes again
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