There are some interesting MMs that get less coverage in the US. Any firms worth discussing that have performed, grown AuM (min 4-5bn) and decent set-up including tech/culture? Some MMs have hiring freezes on PM level and other smaller ones have closed down, so curious to hear about names outside the big 3/4.
Trending Content
| +51 | Do you regret going into public markets investing? | 28 | 7s | |
| +46 | Alta Fox - How did Connor Haley do it? | 24 | 1d | |
| +36 | RIP Jim Simons | 28 | 3s | |
| +23 | Advice ahead of a pair trade presentation - HF interview | 7 | 3h | |
| +23 | Is Quasi-MNPI The Ultimate Alpha Generator For Public Equities? | 8 | 21h | |
| +22 | Point 72 let go of seven long-short managers !! | 26 | 5h | |
| +18 | UPenn SEAS vs Cornell Engineering | 8 | 4d | |
| +17 | SM Career Trajectory | 5 | 5d | |
| +16 | PMs: move across platforms, latest terms | 15 | 5d | |
| +13 | Why are so many people here interested in Biotech? | 13 | 1h |
Career Resources
Didn't the Bloomberg article say there were like 30-40 pod shops? These are the ones I hear about aside from big 4, Exodus, and the Jain launch.
Schonfeld
Verition
Cinctive
Hudson Bay
Walleye
North Rock
LMR
I'm sure the quality of infrastructure etc. will determine whether the firm as a whole does well. But from the perspective of an individual PM/team of analysts, is there much difference in being at one vs another (aside from contractual terms)? They are plug-and-play prop traders so doesn't really matter who gives you the capital, no?
Research and corporate management access etc def can make the difference.
As an aside, I would love to know if there are a good number of PMs at these sub-scale pod shops who do decently (say 50th-75th percentile) despite not having access to expensive research/data/infra or mgmt access.
The value is more clearly attributable to the PM (and I would think more valuable because it's portable). Rather than needing top franchise resources, where I'd question whether the value is more from the franchise seat or from the individual.
"As of midyear, there were 55 so-called pod shops -- multi-strategy and single strategy -- overseeing $368bn, with about half of that amount controlled by the five biggest firms, according to a September Goldman Sachs Group Inc. report. That's up from 29 firms running a combined $149 billion in 2018."
Single strategy pod shop? Odd definition. Doubt it’s 55, unless including every coffee shop out there.
Did they publish the list?
Can you give some examples of funds with freezes or have closed down?
Anyway some other ones-
Greenland
Polymer
Symmetry
AB Arya
Hudson Bay
BHS shut eg, some others obviously had their difficulties which was widely reported. Some have never managed to scale, you listed at least one of them.
Should add that the freezes are also strategy related. Arb has had torrid years now, for instance.
Does Symmetry do discretionary equity? I thought they were only fixed income rv, macro, quant stuff. But haven't checked in a while.
I thought symmetry was a millennium pod
Sounds like Passaic
Didn’t AB Arya almost shut down? Heard not even 2bn in assets? Hudson is more a multi strat than a MM, hearing good things.
freestone grove
Interesting, never come across.
Doesn't look like they've even launched yet or are just starting to deploy now.
Any other names worth noting?
Would people consider Marshall Wace a MM?
Less so, they started building it, but to a different degree.
How do people view them in terms of their long/short groups then?
Any lists of MMs with half way accurate AuM stats out there? Surprisingly little compiled.
Feel free to add
Here are some other hedge fund returns:
Source: Bloomberg reporting
*Returns are for a share class with 35% exposure to venture capital
Quisquam et error placeat delectus numquam nemo. Unde corrupti et occaecati. Aliquam animi quos et nisi alias. Quis fugiat tenetur ipsa natus voluptate maiores ipsam.
Dolores occaecati et facere asperiores quibusdam non. Illo quod rem sint tenetur veritatis quasi incidunt. Omnis beatae id maiores aspernatur est. Consequatur fugit asperiores quas est ab vitae optio.
Dolor recusandae ab itaque et reprehenderit aut. Nam quia corrupti labore ex. Placeat adipisci aut nihil mollitia nam. Perferendis blanditiis id quasi earum id et.
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...
Incidunt numquam cum est dignissimos et et velit. Voluptatem deserunt rem culpa similique sed nisi velit. Voluptatibus mollitia incidunt et quisquam.
Saepe et iusto eos aut voluptas. Voluptatem autem totam dicta. Voluptatem quis amet quia quo dolor.