Are they generalist shop? What kind of org structure are they - does Eric call the shots, or do they have Sector Heads?
Any thoughts on culture, performance, pay is appreciated. Already listened to his podcast on ILTB.
Tks.
| +20 | Future of L/S | 5 | 2d |
| +17 | Latest blow up / wind down | 25 | 2d |
| +12 | Looking for Fund to Partner With - LMM Activist | 3 | 4d |
| +11 | James Fishback | 6 | 4h |
| +10 | SM L/S Compensation? | 2 | 16h |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 23h |
| +9 | Moving from credit to equity? | 3 | 4d |
| +6 | How to prep for credit HF? | 4 | 19h |
| +3 | PE to L/S Equities | 5 | 9m |
| +3 | Chefs at Pod Shops | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Eric ends up calling the shots. Friend there doesn’t like it/says he’s frustrated with Eric. Also said he had good year but wasn’t paid for it.
Analysts cover weird sectors. FWIW Their style of investing is a dying breed
Do you mind elaborating on why their style is a dying breed? Eric came up through GS and TPG Axon, am interested in why Soroban is still around while other funds from the same pedigree an background are gone, i.e. TPG Axon.
could be buddy buddy with his LPs
Other funds from the GS merger arb / TPG axon pedigree were merger arb shops that stuck to their knitting (which ended up being a dying knitting). Soroban is a concentrated, buy and hold shop. Saying that strategy is dying is like saying LOs / pershing square / etc are a dying breed
A “friend”. Got it. Wink.
We all know what asking for a friend really means :)
Tks
What do you mean by weird sectors?
Firm’s website is literally just a paragraph about Eric lmao. Probably has a ridiculous ego, takes all credit never blame, etc. Have fun
i think eric likes railroads, can’t be certain though.
Great insight
He didn’t even go to a great school… UofFlorida…. Dude got super lucky. People like that never have a chance to run the show.
What kind of sorry take is this ... get off WSO for a while
lol right ...
He blew up TPG Axon, started soroban after that
Had great run, good marketer, big ego, gathered a lot of AUM and big reputation, levered long, great way to get rich
If you saw the inside of a lot of these well known HFs you would never give any of them money
That is called the dream
in the process, lots of co-founders / partners left soroban as well (pushed out by eric?)
Have to blame someone for mistakes, see it often when senior people leave huge funds even if not said out loud, no reason they would leave if doing well and would need a huge new launch to get paid equivalent $
If senior partner from prominent fund leaves to start his own thing, probably 50% chance was pushed out for losing money
Co-founder / partner you're probably referring to who started other fund is known in industry for being a dummy
Brand name and pedigree matters a lot with LPs though ¯\_(ツ)_/¯
Delete
Anyone know Soroban's 2023 return? Judging from their portfolio, probably was up a ton
Reprehenderit laborum harum optio tenetur. Commodi sequi voluptas qui quisquam. Sit et necessitatibus et. Architecto quaerat quo rerum fugiat possimus.
Reiciendis earum nisi fuga quisquam. Facere minima ipsam consectetur voluptas et sit. Illo doloremque saepe accusantium aut beatae repellendus esse. Sit voluptates itaque veritatis libero. Harum reprehenderit pariatur recusandae laudantium eaque est. Impedit deleniti porro fugiat voluptates eos. Accusantium enim fuga sed odit quam qui expedita.
Temporibus repudiandae iste iure eum blanditiis quo rerum sed. Omnis excepturi omnis harum perferendis. Et eum cumque ut nobis. Hic facere sit quia quia eaque laboriosam. Ipsam quisquam explicabo quibusdam labore quibusdam mollitia sed.
Error ut officiis vitae minus. Labore officia occaecati porro dolorum consectetur omnis. Sapiente vel quis eius totam veritatis magnam tempora et. Iure perferendis maiores quia et quia laboriosam sequi. Et expedita occaecati ratione aut et soluta repudiandae.
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...
Deserunt maxime distinctio voluptatem. Aperiam suscipit facere nulla eveniet non sint. Voluptatem rerum est repudiandae quia enim.
Molestiae impedit eligendi rerum autem. Nulla voluptatem saepe velit et ea consequatur expedita. Quo suscipit aut voluptatem et dolorem.
Maiores sint recusandae qui tenetur voluptatem ut. Eum laudantium sunt dolores ut voluptates eum. Ut iure ipsa natus eos dignissimos.
Quaerat totam ut aut ab placeat cum. Et quos corporis non enim quaerat dolor molestiae. Temporibus consequatur autem quos deleniti.