I’m looking for lesser-known SMs managing at least 1-2bn with small teams, limited turnover and strong returns? Windacre, Hawk Ridge, Stockbridge, Altarock, SRS type places. Any color on the above would also be great.
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Based on the most helpful WSO content, here are some insights on lesser-known Single Managers (SMs) managing at least $1-2 billion with small teams, limited turnover, and strong returns:
Additional Insights:
Characteristics of Successful SMs:
Career Opportunities:
For more detailed information on specific funds or additional color on the mentioned SMs, you might want to explore further discussions and threads on WSO.
Sources: Performance of the best PM’s at MM’s?, Investor Prestige Rankings, MultiManager PM (Millenium, Balyasny, Schonfeld) minimum requirements, Top Non-Tiger Single Managers, What is the secret sauce? Feel like I don't know anything
I had the impression StockBridge is long only? There is a podcast on capital allocator about them recently
A lot of these including Stockbridge are long only funds with a performance fee above a returns threshold so fee structure is slightly different than traditional long only (management fee only).
MFN, Abrams, Finepoint, Nut Tree
Nut tree 🤤
strong returns?
Thought SRS had a bigger AUM. Would also add Junto
Del
Foxhaven Slate Path yes - great shops. Valiant maybe (find them to be too highbrow and not $ makers). Not the others. Irenic is a laughing-stock of a hedge fund I can't believe I just read a list of single managers that included Irenic. Wow.
And no offense, but judging by your post history, you're like 18. You kids have no idea which funds are good/bad and why.
yeah I didn’t realize it said good returns, will delete.
Why is Irenic so bad?
Damn you roasted him so hard he went on anon LOL
What makes those funds better than any other mid-sized SMs? What sets them apart as great seats? They have similar available resources and people from similar backgrounds? I just can’t imagine any real differentiation between most SMs while the pod shop advantage or scale and continuity benefit of a fund like Tiger or Lone Pine is clear.
Curious why you think Irenic is so bad? Briefly read about them on institutional investor and some articles re their positions, but you obviously seem to know more
What funds were listed here?
what is hawk ridge reputation? they have been hiring/expanding
Also have the alt combo platforms like Bain, summit, providence who all have long shorts
hawk tuah
I’ve heard one or two of that crew is having monster years. Like up 100 type year
jericho, alua, eminence...not sure what it's like to be analyst at each of these, but founders of each are friends of mine...they do great work and have done very well. among my favorite guys to chat specifics with.
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