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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“He was very responsive and prepared for the meeting. He actually read the JD, resume, and looked up linkedin which sometimes other mentors doesn't actually go over those to prepare things beforehand. I appreciate his direct comments I think it saved time and actually helped me to know exactly where to improve. I also appreciated him admitting if he doesn't know about specific HF strategy. Only thing I'd suggest for him is probably sending actionable key takeaways after the meeting because other mentors did and that was very helpful. ”

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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

Funniest

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+17	Latest blow up / wind down	25	2d
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+10	SM L/S Compensation?	3	8h
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Baupost Firing 20% of Investment Team

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Baupost Firing 20% of Investment Team

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