Can someone please provide an opinion on Tiger Global now?
With the head of PE stepping down and them raising only 2.2bn out of 6bn raise, has Tiger Global lost its appeal as an option of MFPE associates? I understand that this gets asked all of the time but it would be great if someone can kindly share some insight into them. The founder has obviously already made his money so im wondering if this place is still a solid outcome for the top 1% of PE associates. Appears that the universe of attractive SM seats to leave your cushy PE gig for is shrinking.
Rise and fall
They havent hjred someone for some time so that says something
Recently hired a publics guy from sculptor
No one on this forum is getting a job there
Yeah more cause they’re not hiring not cause people aren’t qualified.
Have to disagree sir
I was offered a job at one of the Tiger Cubs straight out of undergrad
The quality of their work and lone pine’s is just atrocious. If you want insight into lone process and quality of work, just take a look at what their semis analyst pitched live the other day
If even capable of getting offers there, I don’t see any plausible reason why you’d ever want to work at either of them. What are you even optimizing for if you choose to work there? It’s not pay (otherwise work for podshop), not process/development (I don’t need to elaborate there), for what? Key card at solow??
If you’re really dead set on working for single manager funds, you’re not looking in the right place / AUM zip code…there’s your hint.
Second this. Those notes/pictures some spec sales guy leaked from Sohn conference — the lone pine pitch looked like something a college freshman put together. I’ve lost all respect for that fund - by far the worst pitch I’ve seen in my 9 years on the buyside. Really surprising
And re: Tiger. I agree on the public side, talent is lacking / they’ve lost key people (Griff at the helm isn’t doing shit…), and process / style is similarly shitty to lone pine. On a brighter note, I actually think the privates strategy of speed vs quality is somewhat unique, although the effectiveness is clearly waning per fundraising miss
TLDR: second the above, not quite sure about the appeal of working there. The pay is not appealing to me
Feel like Tiger will recover once rates come down again
It’s great you feel that way, but doesn’t change the fact that:
- their analysts have no idea what they’re doing and are completely oblivious to what real process / fundamental work is. These are the guys who get excited about 2029 AI stories and blow up on prints
- they need multiple years of +20% to get back to HWM. Even if Chase doesn’t turn it into a FO by then, the pay I’ve heard is nowhere near where people here write
- you’ve just admitted their strategy of 50 net (with mediocre shorts so really closer to 75-100 net) + long ARKK only works when rates are low, which is exactly the case. Why someone pays 1 and 15 for that I couldn’t tell you. My guess is that changes in the next few years. I’m not sure how much external AUM they have in the HF, but do keep in mind majority of it is chase’s which obviously is fee-free.
It’s delicate decision because it’s your career, so you really need to have conviction in the fund / pick the right horse…too many smoking guns here / doesn’t make any sense imo. I’ve met several folks there over the years. All the impressive ones have left. If you want to be a PM one day and build a track record, I’d say working there is counterproductive
PM Pitch plz
Pm pitch as well pls thanks!
I mean you would go to one of these funds since you are still comped extremely well and can be paid to underperform for quite a while without getting canned. Same reason why I joined PE
Where can I find the leaked pitch
Can somebody get LowCaliberTalent’s hands on this pitch. Could this revise Lone Pine’s place in “The Tears of Mount Olympus” Tier
Please pm pitch 🙏
I'd love to see the TSMC pitch if you have it
Could you pm pitch plz?
Any chance you could PM pitch please? Interested
Can you me that lone pine pitch? Interested.
Would also love to see
Interested in the lone pine pitch as well. Would appreciate someone PMing
Pm pitch please! Would live to take a look
Can someone share the Lone Pine pitch? Thanks, really curious.
As long as TGM guarantee $1mm to people out of 2+2 (think I read that somewhere), they'll have access to top talent.
Nothing can please the WSO crowd...viking has none of the issues of TGM - good returns, above high watermark, yet WSO loves to crap on them as well.
no longer $1m, think $700-800
Another issue is that some analysts might just start their own fund with new start, leaving behind the disastrous TGM returns and bring some talent from TGM with them. Morale might not be the highest rn further incentivizing departures. Idk how strong TGM non-competes are.
This is untrue, they wouldn't be able to raise. Tiger has very few high quality people left, and their leads (namely Griffin) are a huge step down in quality from when Tiger had Feroz Dewan/Lee Fixel/Caleb Watts/Neeraj Chandra etc.
Mddjsjshsh
Idio Viking problems
- The analysts are insecure and incompetent — they force themselves to have obscure variant views that 99% of the time are simply consensus views or just completely incorrect views. This is the biggest problem and the analysts have horrible habits / consistently pitch me terrible ideas
- The PMs are analysts that were trained with the above mindset / style
- CIO is incredibly difficult to work for and not a fair person at all. Was a different shop under Sundheim.
- The comp is subpar at analyst / senior analyst level
Not sure I’d work at a fund like this
what kind of fund do you work at?
I am at a large SM (multistrat, great AUM/IP ratio, small team) but am looking to jump and have been looking at various shops including theirs. If my biggest issues with my current shop are (a) my CIO is incredibly difficult to work for / uncollaborative / sporadically demanding for no good reason, (b) junior comp is poor vs MF PE , (c) path upwards is questionable (political, could be slow, need lucky timing with space in the GP opening up) -- am I looking at the wrong shop? I thought they would solve at least B and C for me, and assumed if I liked the sector head I could solve for A
What are some SMs you respect?
Would not go there, plenty of other attractive SMs out there without the baggage that TGM carries.
Which would you say are good today?
Altimeter, Darsana, Dragoneer, SurgoCap, Alua, Skye, XN, Voyager
lol this thread is hilarious for anyone who actually has worked in the HF industry for some period of time and has worked at real firms.
Nothing to see here folks. Just another thread of SM analysts shitting on pods and vice versa.
At the end of the day, we all die and take nothing with us
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