Citadel Best Teams?
1-How do I find the pods at Citadel that have low turnover and have generated consistent alpha over 5+ years? Any websites I can use to filter? Or is LinkedIn basically the only way?
2-What are some specific teams at Citadel that fit this bill? I understand they will not have many openings but still worth a shot.
Finding the best teams or pods at Citadel with low turnover and consistent alpha generation over 5+ years can be challenging, but here’s what you need to know:
How to Identify Low-Turnover, High-Alpha Pods:
Specific Teams at Citadel:
While there isn’t a specific website to filter pods by performance and turnover, leveraging LinkedIn, networking, and industry forums like WSO will be your best bet.
Sources: Citadel Global Equities (pay, culture, career path, lifestyle), What I've Learned About Hedge Fund Structure and Compensation, What is the secret sauce? Feel like I don't know anything, DE Shaw vs Two Sigma vs Citadel Offer Advice
Why would that level of detailed information be on a website for everyone to see? Would be serving up the top guys to Dmitry and Izzy. Use your brain man
fair point, yes, I'm kind of retarded so idk how to research this, and i guess it makes sense why it is not public. do you know how i can find out though? sorry for the dumbass question
You cannot find out. Next question
it’s not easy to do for someone who has not already built connections in the industry tbh. You just have to roll the dice to an extent. But if you have connects in research or sales you could hit them up
You don't find them, they find you
This. It's not like you're going to talk your way into a position at one of these. If BD at Citadel introduces you to a team, you can ask about track and longevity, and see whether you like what you hear.
But frankly, to think these things are out there in the open for anyone to look up... kind of naive.
All these things ultimately require you to use your own judgement, not to rely on a list somewhere.
Yes I am naive. Yes, what a transgression to assume there was a list. Now, regarding the next best approach and using my own judgment, would appreciate guidance on this. Will the headhunters just kind of show me one PM at a time and I could keep asking them to hire me for another team with my listed criteria, or would not accepting that very PM they suggest eliminate me from the process? If I reach out to PMs strictly based on tenure from LinkedIn, would I be able to place directly onto those teams during BD conversations? Very unfamiliar with this process.
There's a huge element of luck with timing. A great PM might only hire every couple of years, and maybe you get lucky that you had your chat with BD the week before the search is launched and maybe your sector experience lines up with the hiring PM.
But the more junior you are, the more interchangeable you look to BD. There is zero chance you're going to be put on a resume pile of "only for high-quality PMs". Such a pile doesn't exist, and realistically, you probably don't have the bargaining power to be picky, as BD will likely see you as interchangeable with the dozens of other candidates.
At your level, you don't pass on interviewing. Take as many interviews as you can, and ideally you get to late stages of several processes simultaneously. At that point you can reverse-interview the PM and figure out on your own who looks best and who might be the better fit for you.
Ok then how do I increase the odds of these specific teams finding me? I understand I cannot screen them myself, so asking for the next best action
As a BizDev professional at a large Multi, this quite literally is the million dollar question (sometimes multi-million!)
lol
lmao
oh you sweet child
thank you my grandma calls me sweet too. Do you have any suggestions?
Nope, the information you're looking for does not exist in a searchable format and it being almost impossible to find out is by design. Nobody wants their best guys getting poached.
In addition to the feedback above, you should also not tunnel vision in on just Citadel. The quality of the PM is far far more important than the quality of the platform, and Citadel does not have anything close to a monopoly on stellar PMs.
Does anyone have Ken Griffin’s email?Want to send him my L/S pitch.
I can understand why the platforms themselves would want to keep this secret but whats the incentive for the team members themselves? Seems like it would be easy enough to get word out that your team is great.
Most people that have been around have a known reputation good or bad. Some might be great investors but difficult to work with. It's not that hard to figure out. BD or linkedin will tell you how long they've been at the fund. If they suck, they can't last very long. Sellside and PMs in the same sector will also have an opinion. Traders on the desk have also dealt with him and can speak to his ability and personality. BD will tell you about their story with the fund and before.
And finally, you get to talk directly to the PM and to people in his team working under him. How long do analysts last under him? Do they see career progression? Of course not everything they say might be true, but it's your job to determine this. It can't be outsourced.
Presumably you believe that in researching stocks you'll be driven and resourceful about finding edge. Gotta apply the same mentality to diligencing the PM.
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