Do you think it is smart to leave PE for top SM like Lone Pine or Tiger?
Hi All,
do you all believe that it is smart to leave PE for a top SM like Lone Pine or Tiger Global considering the fact that TGM is down substantially and at risk of becoming a family office and Lone Pine, well, the founder is getting older and succession really isn’t a thing in hedge fund land. Would love to get some additional color as to if these seats are still worth leaving a KKR for?
Get an offer from KKR and then get an offer from Tiger / Lone Pine first of all lmfao
His title says associate 1 in PE so I assume he's at KKR or at a similar firm
Edit: nvm, good DD lol
Look at his post history, he's definitely a student.
This guy and "NonTargetSoldier" are 100% college freshmen or high school kids
Well with Tiger you gotta be careful about the high water-mark. Also they had a 20 year reputation of good risk management that they blew, so that will be a headwind when raising capital from now on
If you do end up at Lone Pine and Mandel retires you'll be fine. There's a lot of talent at that firm, so it will continue to exist in some way (maybe Lone Pine closes and "Lone Pine Global" gets created with a new CIO or something idk). I would be more worried about that they're becoming a closet indexer. I can't speak for other sectors, but Lone Pine plays in my sector quite a bit and their work is surprisingly surface-level
If your question is about SM in general, there are plenty of other funds with sticky capital and good investment process. I would recommend taking your highest conviction long and checking who has it in their 13f. This way you can find funds with a similar style to you
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