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Have also heard from a friend that culture is pretty poor there, though I haven't heard that distressed funds in general tend to have poor culture. Have heard that about Diameter, Elliott, Goldentree, and SPC, but is that something you think is generalized across the industry? For what it's worth friend at brigade seems to like it there. 

 

Pretty broad statement... What do you mean specifically? Long hours? Unprofessional people? Bad comp? Politics? 

Ugh the FBI still quotes the Dow... -Matt Levine
 

Founded by an ex Anchorage guy. They look across the cap structure from vanilla HY to distressed and have been performing well/growing AUM. I think of them more as a long/short credit fund vs a pure distressed MOIC player (although they certainly have expertise in both areas). This point probably helps explain their solid performance. I have also heard not great things about the culture and just that the firm is generally a tough place to work but not much more detail than that.

 
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