Baupost Firing 20% of Investment Team

https://www.bloomberg.com/news/articles/2024-06-2…

Anyone know what happened? I thought SMs were supposed to offer more career stability?

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3 Comments

PrivateTechquity 🚀🚀🚀

O

2y

1 large fund having notable layoffs after a decade+ of relatively unremarkable performance doesn't speak to career stability in the sector. Pods have been blowing out left and right with regularity over the past few years. And at the end of the day, a SM is still a hedge fund. If your primary concern is job security while you're not a top performer putting up #s, this probably isn't the industry for you.

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"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion

PE

Analyst 1 in PE - LBOs

2y

Rip, wanted to work there

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Authored by: Certified Private Equity Professional - 1st Year AnalystCertified Private Equity Pro

HF

Research Associate in HF - EquityHedge

2y

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Baupost Firing 20% of Investment Team

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