Viking CIO Ning Jin Departing
Any guesses how much he'll raise for his own venture? Assuming that's what he's going to do. Gotta be $5B+ out the gate?
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Can anyone confirm that he was the source of bad culture for Viking over the past few years?
culture usually starts at the very top...i.e. andreas. don't know anything about viking, but just in general...it's hard to have a "bad culture" driven by #2 and have #1 have his/her hands completely clean
Thought Andreas was hands off and the culture mostly changed after Ben (Anomaly said to have shit culture) and Ning became co-cios
I’ve seen culture destroyed by number 2’s. Some times the #1 is so busy that he just doesn’t have time to deal with or worse even notice the bullshit created by his #2. Plus if #2 is pulling in good money and results for the firm, it’s hard for the #1 to intervene at the risk of impeding short term profits over longer term culture.
Plus if the #1 is thinking about an exit then why should he care about the long term destruction to the firm culture as long as he gets paid? Not suggesting it’s the altruist thing to do, but it’s the rational thing to do from a selfish and easy road mindset.
Whatever it is, I for one look forward to the inevitable intern threads that will pop up asking about comp/culture/career trajectory/ranked vs MMs as soon as it's announced.
And instead of people actually discussing the mentioned topics it will turn into a debate of MM vs SM
Wonder what it’ll be like under Justin Walsh. He seems like a chad. Dartmouth, Goldman, Blackstone, NFL, Harvard Business School.
Man's probably making 30-40mm dollars like a coupon every year
t-2 hours until the pod bois come in
Blackstone to NFL analyst is a pretty baller move tbf
I’ve met him and actually quite like Ning. Yes he was a hard boss, but this is comp’d against Sundheim, who was excellent
He’s a nice sporty guy but wasn’t nearly as impressed with Walsh, so I view Ning’s exit as a pretty big negative for the firm
Ning will raise big, big $.
why do you think all the hate for ning on this forum? "tough culture, hard to work for" etc
All this hate? You mean 2 interns spewing 5th hand knowledge?
Bump - any new views after he's officially departed?
LP here. Raising 5 yards is super hard. Even Bobby Jain barely raised 5 yards and that was former co-CIO of MLP in a market that was starved for multi manager pod shops. And that was after he raised a bunch of it from the Middle East and they totally took a pound of flesh in exchange for that capital.
Pound of flesh and Middle East tends not to end well...
How much you think Walsh is pulling in? 100mm?
Let me call him and get back to you.
It's nowhere near that much
Why do random WSO users type with such confidence on things they don’t know anything about. Unless you work at Viking or know Justin Walsh how can you make a statement with such certainty?
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