Thoughts on Glenview Capital?
Any updated thoughts on Glenview Capital? Insights on culture, performance, compensation, and recruiting would be much appreciated.
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Hi Analyst 1 in IB - Gen, check out these resources:
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Hope that helps.
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Are they still in business? Thought they shut down on account of multiple years of poor performance and lack of adequate risk mgmt.
You are mistaken, Glenview has had 13.8% gain on its flagship fund in this half.
Woah! Very impressive, almost like the S&P isn't up 15% ytd.
Lol, I’m mistaken because they’re up 14% when the market is up 15% over a 6 month period?
What about the multiple years of double digit negative performance on both an absolute and relative basis? What about the fact that’s they’ve seen billions of dollars in outflows and a HUGE portion of remaining AUM is Larry’s own money?
I think it’s you that is mistaken. Glenview has largely wound down and gutted its headcount due to poor performance and massive redemptions/outflows. In its current form, it’s essentially a family office / vanity project so the founder doesn’t have the officially take the L and close up shop. Everyone in the industry already knows it’s state of affairs.
They used to manage like $20bn+, now it’s like single digit billions. Founder also happens to be worth single digit billions. There’s no mystery to solve here.
Bump- how would a sr analyst job here compare to a PM role at MM? Assume similar or better but curious views
Based on your question, I’m assuming you’re not qualified for either seat.
A PM seat at a MM is a $5-30m a year seat with option value if you’re a star to spin out launch your own fund 5-10 years out and become a billionaire. A sr analyst seat at Gview, prob like $300-900k, if that with very little prospects for meaningful upside from there, if they’re even around 0-3 years from now.
what % of all "PM"s make 5-30mm at the big four? i'd wager to guess a small minority...those 8 figure buyouts and pay packages you read about in the press are not the norm...
Man this is wildly inaccurate.
For MMs, its not that hard to do the math on gross PnL by their L/S divisions and then figure out payouts. The median PM makes closer to $1-3MM with a decent risk of being fired. A senior analyst seat at Glenview is for sure comparable. Glenview was a highly respected name in the industry and frankly a senior analyst/partner at Glenview could get a pod PM seat pretty easily, but a pod PM could not get a partner seat at a multi-B SM...
Look they are both solid seats/jobs, but I think you are posting pretty inaccurate statements on this thread.
I know of 5 PMs at the big three pod shops off the top of my head that went there after being fired from their senior analyst spots at $1-5B SMs. They gladly would've stayed at the SM seat if they could.
Any updated views on these guys? Looks to have been on a hiring spree recently.
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