Verition Fund Management Reputation
I am curious what’s the reputation of Verition. Is it a good place to work. They have really strong AUM growth over last few years.
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IMO tier 2 if not 3 based on PMs hired mostly
You go there if you can’t go anywhere else.
Its a blow up shop. I mean, literally the guy who started it was part of one of the biggest blowups of all time. Almost everybody who works there goes Big 4 Pod —> Tier 2 —> Verition after getting fired from the first two stops. It feels like a Barely hanging on/last stop in the industry” type place before people disappear forever
Curious to why the performance is strong there then? Also what do you think of someone starting their buyside career there.
Are you sure their performance is strong?
Is there actually a tier system or rather the top 3 and everyone else I wonder. Given inferior talent outside the top 3 question is how smaller platforms can sustainably last as a business. Maybe a niche strategy here and there, but I wonder what LPs put their dollars into smaller platforms.
Track looks good though
https://hedgefundalpha.com/verition-international-returns-13-9-annualiz…
Is it that bad? Returns look like they are middle of the pack.
Citadel 13.7%
D.E. Shaw 9.4%
Millennium 8.3%
Point72 8.3%
Eisler Capital 7.65%
Verition 6.5%
Exodus Point 5.4%
Balyasny Atlas Enhanced 2.8%
Schonfeld Fundamental 2.1%
Schonfeld Strategic 1.1%
Think this board is equity focused. They are better than others in other asset classes, namely credit.
what do you make of Brevan Howard vs a big 4 for a macro trader?
Big 3 (BAM a distant 4th) more established in the MM model, Brevan is not the name it once was nor does it get the best talent.
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