Citadel versus DE Shaw versus Bridgewater

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Rank: Chimp | 7

I'm thinking about applying to these hedge funds because they're the only ones that recruit at my school (HYPS). Which one is best? Or where is one better than the others?

Comments (15)

Jan 23, 2007

Citadel fires people monthly and has a rough culture. DE Shaw is better and is no longer just a quant firm and has expanded into fundanmental based strategies, but the culture of the place is not that great in my opinion. No opinion on Bridgewater, they are big, but no one thinks of them a great fund.

Jan 23, 2007

There are other large funds that recruit out of undergrad.

Jan 24, 2007

I've also heard shitty stories about Citadel, but pretty favorable ones about DE Shaw from college buddies who are still there.

Jan 24, 2007

can you elaborate LB Banker?

Jan 24, 2007

high turnover, dog-eat-dog environment. wait, i guess that's like my analyst class here.

Jan 24, 2007

I assure you no bb is as high turnover or dog-eat-dog as certain hedge funds... ASSURE you of that fact.

Jan 24, 2007

I'm assured.

Jan 24, 2007

Napoleon, could you elaborate a bit on the "not that great" culture at DE Shaw?

Jan 25, 2007

of people who used to work there who left, they said the culture was stuffy, somewhat academic, which is how the fund started (hired very smart, academic people, quants, etc). B/c it's so big now, the place might have changed or different sub-funds might have different cultures, but its not really the kind of place where people go out for drinks afterwards (so not a terrible culture by any means, just not for everyone, especially ex-bankers)

Jan 26, 2007

Thanks

Jan 29, 2007

I just started working at Bridgewater and I think once you absorb their somewhat unique culture and way of looking at things it's an amazing place to work. People are really motivated and as far as I can tell comp is good.

In terms of quality, it really depends on what your definition is in terms of hedge funds. If you mean which hedge fund will give you highest total return, then we will never be at the top of that list, because returns are only one facet of what our clients want. If, on the other hand, you define best as consistently being able to consistently generate the most profit year after year, then I'm 100% certain we will be near the top of those rankings for a long time.

Let me know if you have specific questions about us. You can reach me at [email protected]

Jan 29, 2007

I think once you absorb their somewhat unique culture and way of looking at things it's an amazing place to work.

Care to elaborate? How's the culture unique? How does the firm "look at things"?

Jan 29, 2007

Bridgewater strongly encourages open communication. Expect to give and receive a lot of criticism. If you think your boss (or for that matter, the ceo) is screwing up, you tell that person. There is a lot of lateral movement within the company, and it is run more along the lines of a startup than a well established financial institution. Titles are largely meaningless and you are given responsibility according to your own abilities and desires, with little concern for seniority.

As far as our outlook, look up portable alpha.

Feb 8, 2007

I've actually seen Bridgewater's returns for their Pure Alpha Composite (I worked for a FOF), and I was not impressed at all. The fund returned ~3.5% in '06 and about the same in '05. Since '91 its return has been around 9%. So why then is Bridgewater the second largest HF?

Apr 13, 2007
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