Tiger cub vs ER
I know we've seen dozens of posts about if tiger cubs are dying or not, but I actually have offers and now need to decide what I'm going to do asap. The ER position is under an II ranked analyst at a non-BB firm, but still well respected. The tiger cub is also very well respected and in the range of 5-15 bn aum.
My end goal is l/s equity investing, but given the recent implosions I'm not as certain about the longer term direction of that style of fundamental investing. Seems like redemptions aren't horrible, but lot of money is flowing toward MM/quant shops.
An important question is, is this one of the tiger cubs that is majorly imploding or is it one that seems to have faired a bit better? You're clearly not dumb because you've got the offers you do but I think its important to not put all the tiger cubs in one basket and look at the fund as an individual fund. Do you think their specific strategy works in the current environment?
Also while there is a lot of AUM flowing to MMs on aggregate, this ultimately is only a useful metric for those who aren't in pods I.e. management. This doesn't inherently reduce the risk of being in an individual pod.
I didn't think about the pods that way but that helps. This particular fund is down somewhere in the range of 15-25% but I don't have exact figures
It is fucking crazy to me this question is being asked
lol how the times have changed. last year, the sentiment was "large tiger cub vs all-nba shooting guard, what's better?"
I am just waiting for threads like "Gabe Plotkin's new fund vs Elliott, which is better?" when (not if) Gabe makes a comeback.
Tiger Cub: you are on the inside of buy-side
ER: you are ER, and not an investor
Your goal is to l/s equity investing.
Tiger Cub. It’s easier to go to ER as a junior analyst/associate than the other around.
Tiger cub. Your joining on trough bottom performance so it’s only up from here.
It is also completely insane that this is a real question. If you go ER, you may get another hf opportunity in 1 year, it may take 10 years or it may never happen.
bird in the hand.
Doesnt it depend on the hf?
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