Farallon L/S Equities - London
Hello friends,
How good are these guys? How is culture? And comp? Think it’s one of the few single managers making money in London.
Run by 2 guys. How are they?
Thank you
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Based on the most helpful WSO content, Farallon is known for its focus on distressed and merger arbitrage strategies rather than traditional L/S equity. While there isn't detailed information on their London L/S equities team specifically, the culture at Farallon has been described as "a bit weird" by some, and there isn't much insight into internal promotion or compensation structures. However, it is considered a proper hedge fund with a strong reputation, unlike some of the more "sleepy" distressed shops.
If you're looking for more specifics on the London team or the two individuals running it, networking or reaching out to current/former employees might provide better insights.
Sources: Ares Capital Management - Culture, Status, Word on the Street, Thoughts on Diameter, Farallon?, Top L/S in London and Hong Kong (e.g., Lone Pine, Viking, Coatue, Maverick, Darsana, etc.), Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?, Lazard vs. Morgan Stanley?
Farallon doesn’t give a shit about their people in London lol
0 helpful comment, which makes me believe you have no clue.
It’s true. The SF office doesn’t care what goes on in London. They just exist cause it’s a cheap option to have a few guys dabbling in European stuff. Maybe you work at MS in London and you think your London based Farallon clients are a big deal because they generally have more capital and flows to throw around as it’s a big fund. But the reality is these guys aren’t moving the needle at the global level. You can choose to not believe me if you want. I’ve worked on both sides of the pond and interacted with people from Farallon on both sides.
Do they give a shit about their NY guys?
Following - interested in understanding their comp and progression
Not sure why people are speculating. One of the best places there is - note, I think Credit team had a bit of an exodus recently I heard but that was more due to a pull factor from another fund / disagreement in the way fund was allocating capital in London
Agreed
lol why on earth do you think it’s one of the best places? They have large capital, seat stability but that’s really it
"My girlfriend is hot, kind, career oriented and gets along great with my family... but that's about it"
lol you’re missing the point. The pnl cut you get there is small (so the benefit of large book size is useless). And the opportunity set and liquidity in Europe is awful versus the US so you can’t scale to make high amounts of dollars and get paid. When you run a subscale strategy compared to the US guys, you’re just not that important to the fund. This is a recurring issue with big funds that have satellite offices in London. Same thing with DK, Elliott and the likes. You’re much much better off working for a fund that has scale and a global mandate. If you say Farallon in SF, I would 100% say it’s a good seat. Not in Europe though.
You’re a sellside guy who has no idea how it actually works in these funds and you think just because it’s Farallon means it’s great. Yeah it’s not terrible obviously but it’s miles away from what anyone would call a quality seat given how terrible it is being a European l/s equities analyst that has to make money at scale to get paid.
The stability alone is very valuable. Not an amazing seat maybe, but not a lot of HF seats are. Depends how much you prioritize upside
So what's the comp?
I know what an analyst in the UK office got paid and what one in the SF office got paid. You’re not exactly right and, at least in this case, the opposite is true…
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