Bellwether asset management
Thoughts on bellwether asset management, especially as a debt analyst? Comp, hours, culture, and just day to day work would be great.
Thoughts on bellwether asset management, especially as a debt analyst? Comp, hours, culture, and just day to day work would be great.
Career Resources
How is an AM fee shop utilizing a debt analyst? Are they doing debt AM now?
Bellweather is average when it comes to LA shops. Not the best rep/comp compared to others (Hines, Ares, Eastdil ). It has a longstanding rep as being the JV team of Oaktree. They have been trying to change that but its kind of stuck
We do debt AM for the entire OCM book, Invesco, Rockwood, Related and several others.
Doing AM work doesn’t imply we are the JV team — they are a client of ours. Apples to oranges to be comparing our comp to those shops — well above market for AM roles.
I get it. You work there and hearing "average" hurt your feelings.
https://www.wallstreetoasis.com/comment/2249067#comment-2249067
They try to sell the Oaktree connection hard, this comes up over and over and if you work there then you know that. How many people from Bellweather make the move to Oaktree? I didn't say it was a terrible shop...just average.
I'm not in my feelings - your claims just aren't accurate.Frankly, they sound pretty arrogant.Of course we sell that relationship hard, we manage ~$20bn of their assets.& it doesn't sound like you've ever talked to someone at OCM about how they view BWAM.If growing 80 employees, opening a second office and adding multiple top-50 clients in the past year is average - then I'm pretty happy with that.I think you'd be shocked if you saw the day-to-day of our analysts.
Worked there for over two years (equity associate) and left to take a job a large PE firm. BWAM has grown a lot since then but I believe its very true to the same character when I worked there.
For added humorous context - The Duke of Wall Street left the firm the week I started and I inherited his investment portfolio. Turned out to be the best learning experience of my life. Little bit of trial by fire but definitely worth it in the end. Thank you Duke for that particular accidental blessing. Hope all is well with you!
All is well! Hope the same with you.
In terms of your response, you hit the nail on the head (as have a few others). The firm has grown rapidly in terms of fees, head count, cachet, and clientele. For anyone considering BWAM, I would say it can open nearly all doors from an exit opportunity perspective. And for those who choose to stay, the culture is fantastic and the compensation is good, too.