For top tiger cubs that were down -20 to 50% in 2022, how did senior analysts and partners get paid. Assuming almost all discretionary and out of mgmt fee? Curious what the floor/downside case is for these firms
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They should consider themselves lucky to even have a job… Down 50% is no easy feat.
Got paid a severance and now out of a job
what did Tiger end up paying juniors
Most juniors at Tiger Global get guaranteed comp, $2M over two years.
Source? Sounds wrong. No one is getting paid $1mm for even a year when contributing nothing after 3 years of work experience
I know a number of people that work there or used to work there from a mix of school, banking, and socially. The recent hires I know of got guaranteed 2-yr contracts. They've recently loosened their hiring standards, previously was BX / Sliver Lake / Apollo almost exclusively and now have widened to GA / CD&R, etc. Still very hard to get a job there.
I can second the comp point on guaranteed $2m for 2 years. The reality is that they were able to pay that much given historical AUM / employee ratio. They were also competing against MF PE pay at the VP / Principal levels so you need to pay a slight premium.
no wonder tiger global fell off a cliff. if i had 2 million guaranteed you bet i dont give a fuck what stocks to hold in a rising interest rate environment… yes chase this week ill be pitching TSLA again LMAO
This sounds absolutely ridiculous but wow. I mean even a 30 year old at any other fund isn’t even clearing 1mm, so it makes little to no sense to pay that for two years for some 24 year old out of the PE analyst program.
Very helpful thanks
assume laterals had larger guarantees for TGM and senior people still got paid well on the mgmt fee in that base (if jrs are getting $1mm floors?)
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Why even invest with these guys if they're down 50 percent and pay a fee. If you want tech stocks literally just slap it into a tech ETF. Hedge funds is to hedge risk on downturns based on my understanding that's how they justify not beating the market. At this point, they're getting hammered both ways. Clearly they’ve lost a bit of the sauce they had back when Julian Robertson was at the helm of the ship
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