Insight into Taconic?

I noticed they've been spoken about on this forum on the RE section, but not much outside of that. They seem to be multi-strategy, including event-driven equities (merger arb given the founder's background), credit (they're on that list of most active distressed HFs) and... that's all I could find. 

Curious to find out more about how they're structured (any difference between NYC and London?) - is it like Elliott where teams are split by strategy or do you get to touch everything?

As a corollary to that, how do they recruit? Generalist or by team?

And finally, and perhaps most importantly, can anyone provide a little more color on trades in which they've been involved/ what strategies they employ?

Thanks!

Comments (7)

Most Helpful
Nov 10, 2021 - 11:44pm

Returns very very blah for a long time (at least when I saw the numbers a few months ago). Can't speak to much more because so many long tenured shops on the Street have been just as meh for a long time. A lot of these businesses are still around because their LPs are frankly either too lazy, coasting on returns from long time ago (which makes long term returns look ok), or are scared to justify redeeming and admitting a mistake only to have to choose another fund and potentially be in the hotseat.

I've managed money at a HFfund and been an LP (currently an LP). This is so so common its not even funny (even in our book, much to my chagrin).

That said, as long as there is AUM and the business is profitable, they can pay and you can get a brand name on the resume...

I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.
  • 5
  • Research Analyst in HF - Other
Nov 13, 2021 - 8:23am

I'm sure they can pay well. I only know of the distressed side of things for Taconic, it is not a generalist pool where everyone does everything. You have event driven equity people you have some fundamental long/short equity people and you have your credit people.

They don't use headhunters. They rely on direct referrals and outreach to get jobs. As such they are generally pretty responsive to direct intros if they are looking to hire. Had a friend almost get a job there. Final round post case. All off of a cold LinkedIn InMail

  • Intern in HF - EquityHedge
Dec 11, 2021 - 12:58pm

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