I have a grad offer for Investment Management at Man Group (in London).
Can anyone give any insight into culture and how progression works (I'm guessing it's less structured and more performance dependant)? Also how does compensation compare to other funds?
Specifically interested in the discretionary side as opposed to quant.
Thanks!
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Hey jajaba2212, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
More suggestions...
I hope those threads give you a bit more insight.
Bump
Great firm
bump
It's a behemoth, so it might vary a lot based on group. Years ago they acquired GLG, which was a large and prestigious HF. I believe Man also had/has vanilla long-only products. So it'd be good to have more color on what group you're landing in.
AHL and GLG are the only two groups that are worth going. The rest have been losing money consistently. It's a public company so you can read their financial reports to see the actual perf by groups.
Ahl has not performed particularly well. A lot of what they do is risk premia stuff anyway. They managed to keep aum quite stable though, so mostly a high capacity low Sharpe shop now, like pretty much all the firms coming from the CTA space
Man does a rotational program for its grads. 4 rotations over the course of 2 years in different seats. Can choose what investment style (discretionary, quantitative or a mixture). Any recommendations on what groups to target within AHL/GLG?
How do these guys stick around and compete with other funds and MMs? I guess AHL has a lot of legacy stuff but even GLG seems a shadow of its former self.
As much as people suck the MM dick around here, MM funds ultimately aren't that numerous and don't manage that much money in the context of a >$3tn AUM HF industry. I don't think they just keep the floodgates open for limitless fundraising either.
There are a lot of big, established HFs out there that won't bleed assets very quickly--if at all--if they do little aside from limit drawdowns.
are they more closer to asset managers vs. HF then? most of the products are low-fee beta
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