Blacksheep Capital Management
http://www.bscim.com Anyone hear anything about these guys? Is it a 2guy operation or something with a future?
Trending Content - Sales and Trading Forum
| +14 | Natural Gas Analyst Path to Trader | 3 | 4d |
| +9 | Is Expedition Investment Management Safe Or A Scam? Here’s My Take | 0 | 1h |
| +9 | looking for advice | 1 | 1d |
| +6 | Exiting Sell Side FI Trading | 1 | 6d |
| +6 | S&T Outlook and Pivot from Buy Side | 2 | 5d |
| +6 | EM Resources / Study Material | 1 | 4d |
| +6 | JPM Quant/Trading Base Salary in London? | 1 | 1d |
Career Resources
They don't have a form D filed with the SEC as far as I can tell. That means it is probably a shop with proprietary capital, not a fund with outside investors.
Assuming they really do have no form D, but are a hedge fund, they are building a track record prior to sourcing from institutionals. Really risky to work for them and unless you think they have something really special as far as strategy, I would advise against it (plus it's not like they're going to give you equity in the mgmt. co., so you should probably just go work for someone else).
If not a fund, then they are trying to be a prop shop like First New York Securities. That's not really a "hedge fund" (though it's definitely legit) and I don't particularly like the compensation/structure at those firms (for people starting out at least- if you are already a great trader with a few years profitable P&L, then that makes sense).
Very strange that they don't have a Management section on their site, and the quality of the site isn't very top notch (especially for a firm that says on its Careers page that candidates must have "Good computer language skills (C++, C, Python, etc.) and data management abilities.", lol or maybe that's precisely why it says that hahaha).
Too many red flags, I'd pass, but feel free to talk to them if you want, nothing bad can come of it.
You don't like the compensation/structure at those firms...? Ones that pay similar salaries to BBs and potentially higher bonuses with half the hours? Man... I want to know what to chance.
Compensation is probably highly dependent on individual P&L, so for a noob, it might suck royalty...
Yeah that's what sucks about it. I said it was fine for a trader with experience and a good P&L. It's a risky job to go there straight out of undergrad and I wouldn't recommend it.
As a TA, most places will have pre-trading bonus comp around $60k or so (most places will give a TA bonus + possibly sign-on bonus and raise after 6mos) and that is generally in Chicago versus NYC. Hardly a 'harsh' compensation structure by any means.
Yeah but a lot of these firms will require you to put your own capital at risk and have a first loss position.
Why would someone take a job with those firms when they can just lever up themselves with an online broker and have a first loss position that way? You could get a stable job on the street, build your own P&L on the side, and if you kick ass, then use that P&L to get a job at one of these firms. If you suck at trading, you still have a job and aren't out on the street (with a loss on your own capital to boot).
Id mollitia ea sit ea assumenda nihil. Id corporis sit expedita est eos magnam nihil distinctio. Architecto tenetur reiciendis et magni. Aliquam doloremque dolorem sunt saepe tempora quibusdam enim. Rerum illo magni praesentium quod excepturi velit dolorem.
Qui rem vel sint natus. Voluptas dolorem reiciendis repudiandae voluptatem commodi. Quos minus ipsa rerum consectetur excepturi quia unde.
Omnis temporibus adipisci vel quis et sed. Qui reprehenderit earum qui temporibus. Tempora nulla eum labore numquam dolore non sint. Quisquam quod natus at fugit saepe. Et et architecto et eum nulla officiis sunt. Excepturi ut nihil magni a voluptate atque repellat unde.
Ipsa non at cupiditate labore sint rerum excepturi. Quae est ut dignissimos aut temporibus aliquam sunt. Ipsa consectetur consequatur eos corrupti minima. Consequatur aliquam architecto quaerat suscipit eligendi provident doloremque distinctio. Voluptates qui animi deleniti impedit voluptatibus.
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...