most exclusive hedge fund
What's the most elite hedge fund you can name of? Not AUM, just the exclusiveness?
What's the most elite hedge fund you can name of? Not AUM, just the exclusiveness?
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One that pays you the highest % PnL payout. It could be a small shop or a big MM platform.
RenTech
This is the correct answer.
Nah fam - TGS
Pershing Square. Regardless of your impression of Ackman, the investment team is a grand total of 7 people with ~$2B of aum per IP.
Viking, Tiger Global and a few others also sport that $2bn/investment pro ratio. But of course, they dont have a handsome CIO that's media-friendly at the helm.
sure, but you're still orbiting farther away from the sun at those shops
Obviously LTCM 🙄
Ok but seriously, if you’re willing to count them TGS is a real contender, way smaller than Renaissance but rumoured to be similarly profitable. For context by the 2010s the founding partners had donated a similar amount to the net worths of your favourite hedge fund moguls...printing billions every year in California sunshine, not bad at all...
Would second TGS - crazy (purposefully) under the radar. But would correct their founders are based in Princeton.
I knew they were originally Princeton Newport, thought they’d all moved, interesting to hear
Rereading this BBG article on TGS Three Mysterious Philanthropists Fund Fourth-Largest U.S. Charity - Bloomberg
Quite fascinating that all three worked under Ed Thorp at his firm Princeton Newport. Thorp is really the OG in the quant space!
These guys seem to be very good, but are not exactly under the radar. After all, everyone is talking them here, so maybe they aren't so mysterious anymore. They have put a lot of effort into building up their brand (this type of article was likely sponsored by them). My guess is it's a great environment, but with limited upside for new employees at this point, similar to Rentec.
Exclusive by nature just means highest AUM with least amount of employees and least amount of turnover. Some LinkedIn troll I’m sure can output a database of results for you. Maybe some 3 person family office in Belgium that bought 50bips of all bitcoins in 2010 is your answer.
Also, exclusive in this sense doesn't necessarily mean it's good for employees, or good for employees starting today (versus 20 years ago). I worked at a quant fund that was somewhat like this ($2b/head) and almost never hired anyone on the investment side, but the top people kept all the money for themselves and paid analysts peanuts.
Is that the one started by the early DE Shaw employee? Not 2sigma, I forget the name, the one with the 2 week internship lol
Baupost. $29bn and roughly 100 employees. Met a girl once who's father worked there. She was pretty chill.
I can't believe people are not saying Rentech. They're literally the untouchables.u quite literally have THE smartest people In humanity in one place.
I did, ppl just ignored me.
Yeah it's RenTech without a doubt
People really seem to be sleeping on TGS here
Isn't D. E Shaw super exclusive
RenTech makes any other hedge fund look like McDonalds
You have to write award winning mathematics research to get a job at RenTech.
Surprised nobody has mentioned Elliott Management. They have one of the most secretive cultures - also very difficult to get into.
Melvin Capital. They are so exclusive they don't even reveal their short positions to insiders
a lot of funds don't reveal short positions even to insiders
Whoosh
Any HF with ~$1B+
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