Fixed Income Focused Hedge Funds

How would you compare/rank some of the large FI focused hedge funds such as Citadel GFI, Bracebridge, Capula, etc. in terms of culture, compensation, and career trajectory? Which one would you most want to work for? What other hedge funds are comparable to these? Are they similar to macro focused funds like Moore and Brevan, or not so much?

Thank you!

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Hey, I think those are some important preliminary questions to ask! I'd have to say it really depends on what you are looking for. For starters, the FIRV space is small and everyone knows each other; moving between these places is not all to difficult so don't worry about being 'stuck' somewhere.

In terms of culture, at an early stage Bracebridge is different to those two in terms of its focus on mentiorship and growth - its more of a familial culture, where people have built their careers at the firm. They tend to purposely go under the radar but are highly respcted.

Citadel has much more of an intense feel. People speak about the turnover (which is not exclusive to Ciatdel) but this does weigh on the culture. Its great for people who already have a very good grasp of the markets and relevant experience, but can be a bit much otherwise.

I can;t speak too much as to Capula, although I am not certain of their pedigree in the US. I could well be mistaken, however. I know they are a quality name in the UK.

Hope this helps. Would love to hear what others think and feel free to PM me to discuss further.

 

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