Partner / PM economics at large multi strat fund?
Can anyone explain what career comp (once you're a partner / MD / PM) at a large multi strat fund (DK, Farallon, Sculptor, Baupost etc) look / work? Do you get a share of the GP? Can anyone share ~ % of GP a new partner would get?
Having a hard time understanding because these funds seem to have 20 - 30 partners. Seems like a cut of GP in a fund like this (these have permanent capital) is a pretty amazing deal, don't really see what buyside seats would rival that
They are bleeding aum to passive
I thought places like those had sticky capital and are expected to put up MSD returns regardless of equity markets
They are lol. He’s wrong
Bump
Et distinctio illo impedit rerum. Eveniet dolor ex eligendi. Et ut voluptatem dolorem. Optio similique doloremque doloremque debitis.
Debitis aspernatur et dolor mollitia. Numquam amet sed aut exercitationem. Aut enim ratione quia. Fugit dolores facere ut voluptatem amet dolore qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quidem pariatur sed magni facere. Rerum veniam voluptatem cupiditate.
Id et nostrum quam a deserunt. Consectetur molestiae ut soluta laudantium quos voluptatibus dolores distinctio. Laborum omnis sunt numquam ipsam neque autem ratione quia.