Thoughts on BlueCrest Capital?
Just received an offer to join BlueCrest in New York. It's been really difficult to research the firm since they went private in 2015. Any idea what their AUM is? Also interested to know about their recent track record and people's general thoughts about the firm? Thanks.
You mean you’ve never seen the video of platt hammered yammering in the back of a cab?
Unfortunately not
Do you wanna work with the self-proclaimed highest earner in all of finance? Look no further
"It's been really difficult to research the firm, what is their track record?".
FFS, if you google "bluecrest performance" your first hit is a bloomberg article that lays out 2020 and 2019 performance.
Also, when you reach the point where a fund extends you an offer, you can absolutely ask them about AUM and track record. In fact, you should pretty much get that info from them in round 1.
Both points above lead me to believe you are full of it and there's no chamce BC extended you an offer.
answer the f'n question(s) aka respond to the topic at hand, or simply don't respond at all. Jesus this site has got outta hand.
Quit whining. Have you seen the state of the internet recently?
So if you had an offer from BlueCrest, you would take it?
Nope. Turn it down. Better off going after a seat at this awesome fund called Archegos.
Structure of their contract is really bad. They lock people in, keep their AUM low, and replicate on the back end without paying traders. I don't understand why anyone would go here, just find a good PM at a MM and get a better deal.
Thanks for the response. As you can probably tell from my question, this is my first finance job, and I don’t know much about the industry; I’m coming in from tech. My PM told me he negotiated a good deal for himself with them. As a quant, the structure of my comp is base + discretionary bonus, so it’s all going to be up to my PM. What do you mean precisely about locking people in and replicating things on the back end? Sorry about the barrage of questions, but I’m in a very peculiar situation where I have to decide with minimal information.
Yea you’re probably gonna get screwed. But have fun!
Can you explain why you think that, please?
Look Bluecrest is a premium name in an industry without many of those.
Mostly you’re going to get screwed because it appears that you’re about to sign an offer to join a firm in a different industry on which you’ve done zero research. PM’s are not benevolent guardian angels, outside of your skillset odds are you were hired precisely because of your ignorance. The ironic thing is that if you spent as much time doing due diligence as you do begging to be baby-birded relevant information, you’d be able to make a much more intelligent decision.
What's "replicate on the back end" mean?
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