London Equity HF scene (ako, lighthouse, gladstone)
Any info on these funds? Have received inbounds and not much info out there especially on gladstone? Any info on performance, comp, culture?
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Are you asking about Gladstone or all 3? Gladstone seems to always be hiring
All three are hiring atm but most interested in gladstone
What's the process for these like?
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Have heard pretty miserable things about Gladstone
What have you heard?
sadstone
AKO analyst seat is ok, no Bloomberg until you prove yourself over the years.
Heard AKO had a horrible year last year. You have any idea what comp is like there? Hypothetically they should be SM style and lean but European based players tend to just pay like shit
No analyst in AKO gets Bloomberg. Performance last year was poor so will be below HWM. Pay massively below market and will try sell it as a ‘training’. Very poor culture.
Ok but fuck Bloomberg right? You can ask your boss to come up with data if you need.
LOL.
Based on your comment, the inference to be made is that you are either not in the industry, at AKO, or at a MM. If you know, you know which part gave it away…
could you provide some colour in terms of comp?
If you care that much about short/mid-term comp in a top SM... it's not for you.
Have heard awful things about AKO
Hey, would you mind sharing? Thanks
hey- what sort of things have you heard about AKO? Any idea on comp at the junior analyst level?
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Following.
What tier firms are these guys? I am in Australian HF and keen on jumping ship.
Also a q, are firms not required to post performances anyway by law? This seems to be the case in US/Aus.
Firms are definitely not required to post performance by law in the US. They have to post long positions quarterly in a 13F but that doesn't tell you shit.
Australia has HFs? Can you name a few so I can look them up.
Yes we do. Obviously the scale is neglibable v UK/US peers.
Here is a list of most MM HF's
PM Capital
Quest Asset Management
Auscap
APSEC Funds Management
Paradice
Totus
There's quite a few more - I can screenshot my list and DM if needed.
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What bad things have people been hearing about AKO?
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AKO not that well known in the US, do they have an office outside Europe? Bad culture/comp or what’s the challenge?
Guy who founded it rode the ‘quality’ wave and runs the Norway sovereign fund now. Heard culture is ok and not bad. No real insight to comp but doesn’t sound that great. The people they hire seem to come from all random backgrounds instead of classic IB.
What’s comp on PM and analyst level?
Avoid Gladstone at all costs - PM has very bad reputation. Burns through analysts.
Re AKO - what sort of comp are they paying for analysts? What is poor about their culture?
Would you work at Gladstone or a T2 pod?
Also, what kind of money an analyst with 2 YoE can expect at Gladstone?
Do you know how much do they pay junior analyst(2YoE) ? Like 120+120 ? I know it’s very variable but just to get an idea versus pod package.
These guys pay less than an IB associate job out of 2 years banking, so no, not even close
Bump -- any insight on Gladstone in London, UK? Comp/culture?
Haven't worked there but have friends who have. Terrible rep seems to be the consistent theme year-in/year-out. High churn of analysts in each vintage due to not getting paid and culture. Have a browse on LinkedIn and check yourself.
This means they're essentially always recruiting. Been getting calls from a dozen headhunters for analyst roles at Gladstone for as long as I can remember. Someone called it "the pinpoint partners of hedge funds, you just don't take their calls anymore" 😂
That said, one of the the few scaled l/s SMs on this side of the pond + done well on shorts.
Last I heard they seem to be searching high and low in the US for 2+2's to support sleeve analysts. Unsurprisingly struggling to get people in the door in London as they've been recycling the same story for years... "we're aware of rep, things are changing now tho we promise"
AKO ran a process to hire analyst (~5 years exp) last year, base GBP 80k, don't know about bonus or other incentives. Curious what's the longer-term comp because they do promote people to partner after a few years - are those just partner title or actually sharing economics?
Gladstone total comp GBP 300-500k (when all stars aligned), hours very long, culture bad but heard they're trying to change / improve recently
The gladstone number looks too high (real looks in line with your lower bound as an average) given their companies house accounts. What is the source for that? Have also heard pretty though things on hours and culture.
Interviewed with Boutros before. Absolutely was not a fan of him
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