What are the best funds to work at for the long run?
There are a million posts on here about the most prestigious fund. I am wondering, which funds are the ones that, in a perfect world, where you can see yourself for +10 years? I've heard very good things about Schonfeld/BAM, while relatively negative things about Citadel/P72. I understand that "it depends on the PM" but some firms focus on not hiring a-holes and retaining people more than others and that translates, in theory, to PMs/analysts that are... let's call it socialized.
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You realize we're in the HF forum?
Yeah, and he used the term "work life balance"
D1 folks are among the most miserable I've ever met.
Why? Heard some of these guys made 5-10mm in 2020. Wouldn’t be complaining abt that
Set the money aside (which is very very good but no doubt wildly exaggerated on this forum) -- I'm close with a handful of people at D1 and they all love the culture. More intesne hours I'd say than lots of SM hedge funds but very nice and collaborative people; opposite of a Coatue culture-wise
Forget it. Deleted. My comments are shit on. I’ll stick to ready.
PM more important than fund
good PM at citadel is a good PM at p72
bad PM at citadel is bad at P72
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This is a comment regarding MMs.
Culture is dependent on PM. Performance is dependent on PM.
Churn is dependent on PM. Comp is dependent on PM.
Saying one MM is better than the other - especially when it comes to 'culture' and fuzzy feelings - is mostly a marketing pitch.
The real differences lie in resources and specific contract terms (slope, factor flexibility, book size, drawdown limit, etc).
I've made it no secret that I think the best roles in this industry are the ones at large SMs. They have great comp floor, good upside, high AUM/IP, job security, work-life balance, and it is overall a more forgiving, less-cutthroat role. You may not get the title of "PM" for a long time, and you may be under the oversight of an investment committee, but if you can live with that, it's a great gig.
What funds are like that? I used to work for one, but I'm not going to dox myself. Let's just say if you were in the right seat you had it made. Why did I leave? Quantitative/systematic was borderline irrelevant.
Hey, I'm in a similar boat, and would be great to get your thoughts. Could I PM you?
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