Anyone here actually work for a Tiger Cub?
People here talk about Lone Pine, Viking, Coatue, Bridger, etc. like they are the best jobs in finance, period. What’s it like to work at one of these places? How does it compare to other HFs (either SM or MM) and other finance jobs (MF PE, AM, etc.)?
Unfortunately I don't work at a Tiger Cub, but I know people who work at the 3 out of the 4 you named, as well as other Tiger cubs and can try my best to answer your question. It's hard to make broad generalizations, as there is significant variation even amongst just the 4 that you named, but I will try. The majority of these funds typically hire from some combo of top banking groups and/or top PE funds and/or HBS/GSB and/or other top hedge funds. After that much filtering, you are more or less guaranteed to be working with the best and the brightest which is nice. Queue this https://youtu.be/OXRi28W-ENY</a">clip.
Aside from working with very smart people, the other attractive aspects are the branding/stability. Everyone in the HF world knows these funds and are very well-respected due to their history and long successful track records. As such, LPs are very much committed to these funds, and they enjoy a much level higher of stability in their asset bases compared to some other SMs and MMs that see higher turnover. That means they are able to experience higher drawdowns and think with longer time horizons, which can be a material advantage in investing.
The comp structure obviously varies significantly between these funds, but generally they all manage billions of dollars in AUM at a 2 and 20 fee structure, and employ maybe 10, 20, 30 investment professionals. You can obviously do the math on that, but point is there is a lot of cake to be doled out amongst all of them.
I have tried to broadly layout the most attractive aspects that all of these funds share, but as I mentioned there is a lot of variation even between each funds. If you have more specific questions, I am happy to address them.
"The best of the best of the best. SIR. " Lmfao, that clip is awesome.
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