Details on Large Tiger Cubs?

Does anyone have details on some of the large Tiger Cubs (specifically Lone Pine, Viking, Coatue, Maverick) in terms of the experience analysts have on their public equities teams and regarding some of the topics below?

  • Any insights into why top performing megafund PE associates often leave places like Apollo/BX/etc. to try to join Tiger Cubs? Is it due to pay and lifestyle both being better, or more due to desire to focus on investing and less process-related work?
  • How does progression to Senior Analyst and PM compare to multimanager funds like Citadel and Millennium?
  • How often do analysts actually receive the large bonuses that we often associate with high-performing hedge funds?
  • Is culture usually as "sharp-elbowed" at Tiger Cubs compared to some megafund PE firms (asking given where many of the analysts are coming from)?
  • How does turnover look at these types of funds? Do people usually leave due to performance issues or due to personal choices?

Any info that you have heard and/or know would be helpful!

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Comments (18)

  • Analyst 3+ in HF - Other
Feb 23, 2021 - 10:36am

Each of those funds you mentioned are all totally different from each other and the answers to each of your questions will vary wildly for each fund.

But to keep it simple, analysts go to these places (and get hired by them) and stay there because they genuinely love investing. And generally speaking, if an analyst can perform well at a place like that and stay for a number of years, they are going to make a lot of money - much more than one could make in PE at a similar age.

  • Intern in IB-M&A
Feb 23, 2021 - 1:24pm

Any ballpark guesses? I know HF comp is directly tied to fund performance, but I thought that VPs at MFs start getting noticeable pay spikes in carry. On average, would an analyst who exited MF to join one of the top HFs (average year) earn more than if they stayed at a MF and received the VP promote? 

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  • Analyst 3+ in HF - Other
Feb 24, 2021 - 10:24am
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