Enjoyed reading the recent thread about Verition. In a similar vein, anyone have updated thoughts on Schonfeld? Wrt quality of PMs, comp, infrastructure, trajectory. Curious where it ranks outside of the Big 3/4 as well. Thanks.
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Based on the most helpful WSO content, Schonfeld is often discussed as a strong player in the hedge fund space, particularly among multi-manager platforms. While it may not be in the "Big 3/4" (e.g., Citadel, Point72, Millennium, D.E. Shaw), it is still highly regarded for its infrastructure, competitive compensation, and quality of portfolio managers (PMs).
Quality of PMs: Schonfeld is known for attracting solid talent, with a focus on both experienced PMs and up-and-coming stars. The platform emphasizes performance and has a reputation for being selective in its hiring process.
Compensation: While specific numbers for Schonfeld aren't detailed in the context, hedge fund compensation for PMs and senior roles can be lucrative. For reference, average compensation for hedge fund portfolio managers across top firms is around $1.6M, with variations depending on performance and fund size.
Infrastructure: Schonfeld has invested heavily in its infrastructure, making it competitive with larger platforms. This includes robust risk management systems and support for PMs to execute their strategies effectively.
Trajectory: Schonfeld has been on a growth trajectory, expanding its strategies and geographic footprint. It is often seen as a strong contender among mid-sized multi-manager platforms, with potential to challenge larger players in certain areas.
In terms of ranking outside the Big 3/4, Schonfeld is frequently mentioned alongside other respected names like Balyasny, ExodusPoint, and others in the second tier of multi-manager platforms. It offers a compelling option for those looking for a balance of resources, autonomy, and upside potential.
Sources: Are Hedge Fund Employees Structurally F***ed, Citadel vs. Millennium vs. Point72 vs. Other Multi-Managers, Q&A: Managing Director at Large Global Asset Manager, Official Investment Banking Rankings: Boutique and Bulge Bracket Prestige, Is it better to have good ideas or smart allocation
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Posting because I can't find a subscribe button
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Damn. I remember when the firm was a day trading prop shop. Times sure have changed.
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