Comments (11)

 
  • Incoming Analyst in IB - Restr
Jun 24, 2020 - 9:27pm

is MF PE required to break into these funds? Obviously a lot of people go that route but do these elite SMs hire straight from banking?

 
Most Helpful
Jun 24, 2020 - 10:18pm

Do you talk to Ackman daily? Can't imagine who else would be frequently calling Pershing a top fund on the street otherwise, and I'm not even one of his haters.

To your question, idk probably $300k-$500k coming out of PE and depending on that year's performance. But who knows and who cares, those seats are so hard to come by they won't be won by someone with a passing interest because they pay well.

 
  • Associate 1 in HF - EquityHedge
Jun 24, 2020 - 11:20pm

Pershing's returns are strong, certainly better than most L/S funds. Given the size of the team it is paying well above $400k to someone coming from PE. For context, $350k is comparable to what a lot of "good" HFs pay people out of banking.

 
  • Analyst 3+ in HF - EquityHedge
Jul 16, 2020 - 10:03am

really? You think 2-3 years is enough time to transition to a risk-taking seat? Seems really fast. I've seen analysts do 10+ years in 2 or 3 different places before taking the plunge.

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