Best Investing Seats Right Now
This is a really stupid post, but curiosity can be stupid at times. Nonetheless, always cool to know who’s crushing it.
Best SM/MM seats right now in terms of job stability + economics? Can be crossover, activist, equities, or just venture/growth at this point. Or is it just a family office of Ellison/Gates/Bezos?
Best investing seat last five years not correlated (and often inversely correlated) to best next 5-10 years
it really has flip flopped quite a bit since forever; i generally subscribe to the model that pools of alpha are finite. the best seats are the ones with the least competiton relative to the size of the alpha being harvested. how do you quantify this? who fucking knows…what seems to be a pattern is that if you’re in your prime risk-taking years you want to be chasing the hottest thing and if you’re a junior you probably want to be thinking more counter-cyclically
tiger global (mega prestige)
TGM isn’t actively hiring afaik. My brother HYPSM + BCP/KKR didn’t even hear back from tjem
M+BCP not really a target
This has been discussed before countless of times. MM seats are rough because of how easy it is to lose the seat in the first place. Not great risk/reward. SMs can potentially be great places but it’s really political and really hard to get a seat in some of these places precisely because turnover is low. My view will always be the l/s franchise in a multi strategy fund is the best seat. Massive institutional longevity so you can actually invest appropriately and you don’t get fired the way you do at an MM. Trade off is probably comp since these places are less lean. Something like a Farallon
There’s about a million posts on twitter every month with a scoreboard for return… regardless these seats rarely come up unless mm
Which twitter posts / handle?
I get mine from instagram
Nut tree capital management in the credit space
What are you interested in?
Crossover tech
Macro - basically an excuse to punt anything and everything with not much in the way of risk limits. Single name L/S risk still justifiable in size so all the flexibility none of the downside
You are correct
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