Farallon capital

Farallon Capital is indeed a legitimate and well-regarded hedge fund. Based on the most helpful WSO content, Farallon is known for its focus on distressed and merger arbitrage strategies, as opposed to traditional long/short equity. It operates more like a proper hedge fund rather than a typical distressed shop, with a focus on large-cap public situations rather than mid-market loan-to-own strategies. However, the culture at Farallon has been described as "a bit weird" by some, and there isn't much insight into compensation or internal promotion opportunities.

If you're considering moving from Point72 to Farallon for a back-office tech role, it’s worth noting that Point72 is often recognized for its strong training and development programs, particularly through its academy. Farallon, on the other hand, might offer a different type of exposure and experience, especially given its focus on unique strategies.

Ultimately, the decision should depend on your career goals, the specific role you're targeting, and how well the culture and opportunities at Farallon align with your aspirations.

Sources: Thoughts on Diameter, Farallon?, Point72 Accelerated Recruiting, The best of the back (or middle) office?, Three Reasons Back Office isn't that bad., Reputation of Union Square Advisors, FT Partners, and RBC?