Thoughts on Soroban?
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.
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
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