Not another post on how to get a job there but just wanted to know the different cultures across the funds. Obviously, it's a lean team (at least in most of the tiger cubs) so I'm expecting it's more of a tight-knit culture.
Also, if you have anything on the culture as of now with the whole tech bloodbath that would be appreciated and fun to read.
| +39 | How much modeling do experienced HF analysts/PMs actually do? | 16 | 4h |
| +22 | Buy Side Credit - Seats / Guide | 8 | 1d |
| +18 | Hedge Fund Pivot | 7 | 6h |
| +18 | London buy side | 3 | 14h |
| +11 | Mid-career shift to buy side with niche background | 3 | 4d |
| +10 | Wfh / work remotely at MMs or SMs? | 6 | 4h |
| +4 | Atlantic Wolf Capital Closing? | 7 | 42m |
| +3 | How old is too old? | 3 | 2d |
| 0 | Walleye Capital | 1 | 2d |
| 0 | Hedge funds | 1 | 4d |
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Usually get in around 7:30am and listen to some podcast about mental models while drinking my green matcha soy latte.
Market opens and all my positions trade off 2-4% on no news, damn factors and algos at it again.
Decide to do some deep due diligence on a potential new name by skimming through Tegus transcripts.
Open up a sellside model and add three lines above revenue to model TAM and build differentiation.
Lunch comes around so venture out to a new Korean jazz cafe while listening to a different podcast on superforecasting.
After lunch have a meeting with new start-up management team. Our founder has been encouraging us to invest more in privates as they are intrinsically lower volatility (because of the earlier S curve adoption dynamics, apparently they also get marked differently but that is a minor point). I ask the start-up CEO who he see as his competition and where he likes to go skiing. Investment case seems compelling enough on that basis so I take the receipt from lunch at the Korean jazz cafe and draft out an indicative term sheet at the end of the meeting.
After that have a meeting with an alternative data provider who sells credit card data and satellite imagery. We don’t like to play quarters here but we do very deep dive analysis by seeing how credit card data is trending and whether it goes up or down.
After that am feeling pretty exhausted so head off to the gym to do some hot yoga, by the time I get back the founder is in a slightly worse mood as my positions have sold off another 3%, again on no news. Do a quick Google search on my names, doesn’t seem like anything fundamental has changed so the thesis is still intact.
Founder calls us all into the board room for compulsory meditation session to try to bring us into more of a flow state. Meditation goes well, portfolio unfortunately sells off another 1% by the time we get out, but when you do deep dive fundamental high conviction investing you just need to accept a certain level of volatility.
I start to head home and have a couple voicemail messages from recruiters asking about roles at a couple of pod shops; unfortunately this level of disrespect throws me into a fit of rage and I throw my phone into a brick wall and crush the debris with my feet while screaming ‘the f*ck you think I am Search Dynamics, I’m a real investoooor, not some pod shop cuck, get f*cked’.
After this cathartic moment I get home and put my feet up, though unfortunately it turns out one of my portfolio stocks’ 2 year stack backlog decelerates and trades down 17% after hours - going to need to listen to even more podcasts tomorrow to bounce back from this, though thankfully still 11 months of the year left.
this makes me even want to work for a tiger cub more /s.
Patrick Bateman but if he worked at Tiger cub
+SB. This is too good. Please tell us what it is like to work at MM HF.
For sure, we want to see the MM HF piece please.
do one for the Tiger VC analysts. Must be a hellhole doing deals and research that fast.
Mind sharing a few podcasts you listen to?
on a serious note, curious what the "regular" hours are at a large tiger cub like coatue / viking / tiger / lp
~80 for coatue. burn and churn is their model, most people don't last long and the year end comp is definitely not what you were hoping for. so most people last 2 - 3 years, if that.
What is comp like at these places for someone whos done 2 + 2 IB and PE?
Why is comp not good? They are large well performing and people who are there have good pedigrees who will leave/ have better options if the hours/culture is bad
people do leave, all the time. kind of says it all
maybe philippe is cheap?
or maybe they didn't provide any value-add / philippe didn't like them. browsing linkedin, there are young MD/SMD/Partners at Coatue just a few years after joining
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