Top Hedge Funds London
Hi, I have been quite interested in HFs in London for a while now and would be very interested to learn more about some strong names in the London scene. Specifically, I am trying to get an idea which funds are comparable to the Tiger Cubs investment style such as Lone Pine, Maverick, Coatue, Viking etc. While TCI comes to mind in London, I would be curious to get some additional names.
Disclaimer: I know that these funs are incredibly competitive to get into. Not trying to turn this into a recruiting thread.
AKO Capital, Sloane Robinson come into mind.
Sloane Robinson's performance has been sliding, as has their AUM. This is direct information from someone who works there. They are not optimistic about the future
Sorry didn't know about that, last news I had was from 2018-ish...
Could be a co-CEO seat opening up in AKO Capital now that Nicolai Tangen is leaving to take over NBIM. I guess he got tired of making good money at his own fund.
Many of the major hedge funds ( Citadel, Two Sigma, Point72, etc) have offices in London.
I know but I was actually referring to single managers.
It really depends on what your specialty is. You have names like Brevan, Egerton, Rokos, CQS... In what asset class and specialty are you looking?
Assuming L/S equity given his initial list.
Exactly
Bump
They may be starting off but kirkoswald if he they still have a office over there.
kirkoswald is still small and macro focused. Old school macro. Also they moved their HQ to NYC but still have London presence.
Thoughts on Marshall Wace?
They aren't SM but brilliant fund that is backed by KKR. Extremely smart and forward thinking team.
bump. Also would be interested in this.
Not trying to turn this into a recruitment thread of course, but would be curious if IBD background is welcomed in London L/S community?
ER/IB is the way for L/S in London. People sometimes also do PE in between IB and L/S
anyone heard of eisler? Apparently London based macro shop. Any idea of returns etc?
How does recruiting work? Seemed impossible during early Analyst time, at least for the big names. Some HH advised that it's more common to do 2 year Analyst + 2 year MF before joining HF's in London. Happy about any insights.
Honestly can’t think of that many sizeable AUM funds in London. Can only speak for L/S equity but basically TCI, Egerton, AKO, Marshall Wace for funds that are actually based out of Europe.
Then you basically have all the US funds with offices in London. P72, Citadel, Millennium, Elliott, etc. Basically google ‘largest hedge funds’ and almost all of them except the some of the Tiger cubs have a London office.
Heard that since recruiting is unstructured, a lot of the HF’s in London hire after MF PE as well. Citadel seems to hire bankers as associates though.
Recruiting is unstructured with most teams tending to be pretty sticky and those funds with high churn best avoided. A lot of recruiting is done by referrals and I'd say there are more people moving from equity research than banking/PE from my experience of who you see at buyside group meetings with corporates.
The platforms will hire from banking, research and anywhere they can find talent. Surveyor has been doing a large build out in London.
Not exactly a HF but anyone have any thoughts on Mondrian?
Heard of them. More of L/O shop, around 50bn AUM
Immersion, Rokos, Eisler
David Fear’s shop Thunderbird
BUMP
Bump
Is AKO a good fund? How would it rank in Europe?
Definitely one of the best L/S in Europe
How would it compare to funds like TCI? Also any other insights in terms of recruiting, career trajectory, comp, etc., or anything else?
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