Autonomy Capital
Couldn't find a previous thread on WSO on Autonomy Capital so I thought I would ask around. The Economist says that they're up 20 percent last year on shorting euro and long commodities (they're a macro fund), but they were down pretty bad in the 08 crisis (although everyone was). Been having a bit of trouble finding AUM, and as always, if anyone has had any dealing with the firm I would love the inside scoop.
Thanks a bunch everyone.
Monkeysama
Ok I take back the AUM - it's 1.7 B
bump
Looks like they gated in 2008, which wasn't uncommon but is still not a good sign.
And.....they want me to work for free or not at all - won't even offer me a real internship. So never mind.
I still don't get why you won't do an unpaid internship to start... I did a 7 week unpaid internship at a small (AUM ~250MM) HF in Toronto, and it's always been a great talking point. It got me some good interviews when I was looking into S&T.
Because he wasn't offering that.
"they want me to work for free or not at all..."
What exactly was he offering then?
He was like, "Move to NY and maybe I could throw you a project or two." But that's a rather vague promise considering a year in NY will run around 15k and my time. Plus, it's not a big enough shop to have an official SA position like a BB. So basically it was bullshit.
Move to NY and work for free.
Bro, I know it sounds like bullshit, but I think a lot can come of it. That's how mine started. The guy said something like "yeah just drop by some day and I'll dig up some things you can look through." The day I got there, I showed the guy that I could actually add value and help him and so he kept me around for almost 2 months. Why don't you go there, get a hotel for a week, or stay with buddies, gauge the situation when you meet him, and show the guy that you can add value. This casual bullshit sounding thing can turn into a legit internship. 1.7BB AUM is nothing to laugh at. Who knows, if you show your worth, the guy might even decide to pay you after a couple weeks.
Lol @ OP.....yet they are at $5bn now. If you know anything about building AUM, first billion is incredibly hard... and at $5bn, you are on the cusp of being a legitimate institutional player with sticky money for years to come.
OP, not sure if you are still around but good luck breaking in w/ that attitude. How I broke in was an unpaid internship.. went into debt (albeit small) during those few months. And no, that's not "bullshit". It's an opportunity/shot.
It's all about getting your foot in the door. Once you are in, you are "in"... buyside (especially macro) is a small community... and once you are in and you can actually bounce around and stay alive regardless of your skills or the value added in the industry.. I know many who add no value or have blown up more than you can count, but somehow they manage to keep their names on payroll - although it might be at a different firm.
$15k or so that wouldve cost you to move to NYC for a year, that is a small price to pay for a legit shot at your dream (1.5bn AUM is nothing to scoff at....)
I rolled the dice like that couple years ago and it paid off handsomely. Worse case, I left NYC with $6k credit card debt or w/ a dream job on my hands.
They've been all over the news for the past year (from very good to very bad news). Any inside info on how the firm is doing? Still seen as a good GM EM shop?
I think they are essentially done in reputation
They still have a rather decent AUM (around 5B). Even after the outflow. Can the situation really be that bad?
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How is that at all relevant? It is a macro fund.
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