9/29/07

How reputable are they for analyst position straight out of college? vs BB (say GS/MS)? vs. other hege funds that hire out of college (Citadel, D.E. Shaw, Bain Cap/Sankaty, Blackstone/Kailix Advisors, QVT, Cerberus)? I'm particularly interested in comparing them with other HF options--already have offers at two of the hedge funds in parentheses, and worked at one of the BBs in parentheses this summer (w/ offer to return in top grp).

Comments (24)

  • justanotherbanker
  •  9/30/07

Silver Point has serious talent (I think they derive from GS), but you may be better off taking your top-top BB training/experience for two years and then moving to a place like Silver Point.

Silver Point emailed a ton of the interns at my BB this summer, so I'm guessing that they have a pretty developed recruiting effort. You might benefit from asking them their opinion on going BB first vs. joining them straight off the bat. Given your apparent credentials, they will probably be more than willing to talk to you.

Investment Banking Interview Course

9/30/07

If I know I want to do HF, then I'm likely not to go for BB exp straight out. More interested in comparing w/ the other HF options I list (I list more than the 2 I have offers at to keep my identity private)...

9/30/07

you should not go for banking experience straight out. by definition of the experience, you will learn FAR more in any buyside position, since the time you would spend pitching or doing bs work in banking, you would instead spend on actual work. but of course, this only applies if you want to go to the buyside; if you want to do something else, then maybe not. just my opinion, of course.

9/30/07

Yeah, my thoughts too--so my question is Silver Point vs. the other buy-side option I listed. Pretend I didn't even mention the BB.

9/30/07

Yeah, my thoughts too--so my question is Silver Point vs. the other buy-side option I listed. Pretend I didn't even mention the BB.

7/22/08

bumppppppp

Investment Banking Interview Course

9/3/10

bump, please

9/3/10

I know they only recruit at Harvard and Wharton for jobs out of undergrad, but it is a solid place to work. All of the senior guys are ex-goldman and all of the juniors either got in from undergrad with Blackstone private equity internships or out of a 2 yr stunt with a good BB.

9/3/10

Huh? They recruit at more places than that for sure. What questions do you have. They are good shop.

9/3/10

Lots of Penn Grads, looks like a pretty big team overall.
Approx $7-9bn
Distressed debt mostly

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

9/3/10

someone got a call...

9/3/10

For what position?

9/3/10

Analyst?

9/3/10

What specifically would you like to know?

They have a very diversified portfolio but they are hurting right now.

Banking > VC > Tech PE; PM me if you would like any advice I'm happy to help

9/3/10

I'm coming from a non-traditional background (bankruptcy law) and I see them in virtually every big bankrtupcy filing. They seem like a very active player in the distressed space. Just wanted to read up on them, with the thought of eventually trying to get in the door. I know they were founded by former GS guys, so they might be less sympathetic to my background than some of the funds (Avenue, Canyon, etc.) founded by ex-lawyers.

9/3/10

Yes they do a good amount of distressed work. A lot of their hires were GS bankers and I don't know anyone at the shop who didn't come from banking or PE. They don't have a website up (not yet I don't believe).

Banking > VC > Tech PE; PM me if you would like any advice I'm happy to help

9/3/10

Yeah, I'm sure that's the typical background. I might focus my efforts on getting a gig at a restructuring group at a bank and then look at funds like this. After some digging, I learned they brought on a senior bankruptcy lawyer, Chaim Fortgang, in 2004. Whether that suggests that they value legal restructuring skills or that they're all covered for now, I'm not sure.

9/3/10

Given the type of work they do, and the type of negotiations they get into with distressed companies, I can't see why bankruptcy law wouldn't be valuable.
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9/3/10
9/3/10
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