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.
| +19 | PhD student with questions regarding long term HF planning | 5 | 2d |
| If you know HF is your end goal, is IB + PE actually worth it? | 7 | 2d | |
| +14 | Pitching a short when they're long? | 32 | 5h |
| +13 | What’s next for 40y with good career | 12 | 3h |
| +11 | "Expected GPA" on apps | 4 | 14h |
| +9 | London industrials IB to HF - how to prepare | 3 | 5d |
| +6 | Feedback on Vic pitch | 6 | 3d |
| +6 | Liquid Credit at LO vs. Multi-Strat HF | 1 | 4d |
| +6 | Birch Grove / Third Point | 1 | 1d |
| +3 | Verition SA27 | 3 | 17h |
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
Sit illum corporis hic amet. Iste aut amet aut. Modi quia quia temporibus id.
Est nemo blanditiis quasi id. Sapiente facere voluptatibus sint nam quis est animi. Rem illum magni velit. Odit pariatur sint laudantium libero error. Ipsum saepe amet sapiente id. Odio saepe corporis blanditiis ad cumque.
Et earum ut consequatur ut officiis. Quisquam non nostrum laboriosam itaque nisi magnam et ab. Assumenda sed repellendus eum nostrum magnam sapiente. Et voluptas voluptatem corrupti asperiores non placeat vel. Libero molestias doloribus voluptatem eveniet sit odit.
Ut quo ea rerum amet illo nihil. Expedita eos cum assumenda.
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...
Molestiae et magni sit at saepe ut est. Iusto minima ducimus officia aut est. Ab aut atque corporis voluptas accusamus. Voluptas magni consequatur quia sunt magnam aut. Doloribus expedita eum consequatur eos facilis commodi soluta harum. Aut deleniti sed optio modi repellendus soluta sequi id. Est accusantium quasi vitae sint deleniti nam.
Incidunt error odio nisi dolor error incidunt libero. In et exercitationem fugiat quas. Sunt labore maiores et. Ex ullam quisquam iure iure vel impedit. Aut tenetur magnam inventore voluptatem sequi et esse. Accusamus nostrum id odio in laborum sint.
Quibusdam adipisci corrupti tempore ut et. Voluptates autem tempora id placeat fugit recusandae. Aliquid eveniet omnis ex nesciunt.