Best Special Sits in London - decent WLB + good progression
Hello finance lords,I'm in the enlightening search for a good special sits firm where you would earn decent money (more than banking long-term), where people would be decent guys, and where you would not work (most) of the weekends (i.e 80-90 hours on average I think its decent at Aso level)Any good firms that come to your mind that would fit this three criteria?Maybe I'm just dreaming, but yeah.Appreciate the help :)
Special sits is extremely broad ranging from event public equities to structured private credit. What are you looking for?
More like distress, merger arbitrage, event-driven events (i.e spinoff, etc). Nothing related to structured credit.
Basically investing across whole cap structure
Davidson Kempner, Farallon, HBK
Albacore, Centerbridge, SVP
The issue about Albacore is that they don’t invest across the whole cap, and 80% of the strategy are CLOs
Think it’s the other way round. 20% CLO, 80% opportunistic. They priced their first CLO only a 2-3 years ago; total firm AuM is $8-9bn.
Attestor
Any inside on these guys? Seems a top place
Elite and secretive so no but based on the situations they get involved in they are litigious monsters and excellent at their craft
Serone too
That’s like saying “I want to invest in stocks, what should I do”. Event driven is an umbrella and encompasses different parts of the capital structure as well as a variety of strategies. And if you want a relaxed lifestyle a hedge fund and especially event driven strategies are the worst starting point, rather try fund of funds or long only…
Man, I know that, and yes. My take was more like a place where shits needs to be done, you work, but when its chill, its chill and there is no bullshit like sell-side (in terms of hours).
And I was just curious to understand if there could be flexibility in the mandate, so you could move a bit between strategies, from distress to merger arbitrage, depending on the edge you would have.
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