You know -- the two former Goldman traders who made a wrong bet on volatility a year ago that blew up their fund?
What happens to guys like that? Clearly, two smart, pedigreed guys who had good track record until they didn't... do guys like that end up on their feet? Go back to Goldman? You think they can ever start another fund again?
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 1d |
| +19 | AI/job update | 4 | 12h |
| +14 | Want out - next steps | 2 | 3h |
| +12 | Fund 1 8%, fund 2 5%, when will fund implode? | 6 | 2h |
| +3 | Castle Hook Partners | 0 | 6d |
| +3 | Disclosed non public fund performance to a headhunter | 3 | 22h |
| +3 | Dragoneer | 1 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Heck, I wouldn't be surprised if they're still trading variance swaps. You see these sorts of HFs crop up every now and then. Selling a high Sharpe strategy that is seemingly completely uncorrelated, until being short vol blows up in your face again. Rinse and repeat.
But unless it's their own money, I can't imagine how they would have raised funds in the last year after they were the most high-profile fund to blow up due to the Covid volatility.
Purely anecdotal but there's so much money these days it seems like even people with losing track records are getting funded on the promise of "I will get it right this time"
Wow... kind of makes me wanna go the HF route instead of PE.
Don't put too much weight in this - like I said, this is anecdotal and meant to be an observation across asset classes based on observations of mostly public information.
Vitae et in culpa sit et enim. Facere maiores id quasi eaque aliquam. Odit suscipit praesentium ut consequatur. Quas facere molestias est maxime soluta ut minima.
Non vitae sit alias officia enim. Et ipsum nisi sit libero vel maxime tempora molestiae. Culpa delectus accusantium eos doloribus. Ipsum ad ut et deserunt. Voluptatem dolorem amet adipisci eveniet minus ut ipsa.
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...