Looking for color on the top non-tiger single managers. I’m generally referring to ~$10bn+ AUM with 15 or fewer investment professionals. AUM, size and backgrounds of the teams are public knowledge. Would like to learn more about culture, career trajectory and compensation in these roles.
Interested in the following funds in particular: Darsana, Eminence, Whale Rock, Soroban. But feel free to chime in with others.
| +20 | Future of L/S | 5 | 2d |
| +17 | Latest blow up / wind down | 25 | 1d |
| +12 | Looking for Fund to Partner With - LMM Activist | 3 | 3d |
| +11 | Nuvei is paying $7.40 a share in cash for Payoneer, US$2.75B equity. How do you read a premium that is still below the debut valuation? | 4 | 6h |
| +10 | SM L/S Compensation? | 2 | 10h |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 17h |
| +9 | Moving from credit to equity? | 3 | 3d |
| +6 | How to prep for credit HF? | 4 | 14h |
| +5 | James Fishback | 4 | 3h |
| +3 | Chefs at Pod Shops | 2 | 2d |
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What does non-Tiger mean
Tiger cub; go back to sleep.
Ohhh wow someone watched The Big Short. Badass over here.
Not really answering the question, but just share what I know.
Darsana is ex-Eton Park guys.
Eminence is by Ricky Sandler, they are very focused on primary data points to form differentiated view on key business drivers.
Whale Rock, they TMT, would be a dream job for me. Alex has done very well getting ahead of S curve for nascent industry with big TAM just on the cusp of reaching critical mass. You can read about it here.
Soroban, no idea, would like to hear about it.
Melvin
My thoughts exactly guys been killing it.
this aged well
Sarissa Capital, Altimeter Capital, Perceptive life advisors. XN Capital could be promising.
Perceptive is wicked fund I'm a fanboy
I wouldn't consider them a hedge fund in the L/S sense
Brad Gerstner is the investor I most admire
tough prediction on brad, you jinxed it
Pershing Square.
Bump
Melvin Capital Management
Hahaha get fucked, and thanks for all the fish.
Himalaya Capital led by Li Lu. He refused Buffett's heir position at Berkshire and has tons of respect from Buffett and Munger and any value investors. Currently sits with $12bn AUM. Recently relocated from LA to Seattle.
I'm seeing $1bn on the 13F? I'm sure there's a bunch of Chinese/foreign stocks but hard to imagine it's $12bn worth
13F is a poor proxy for AUM, you can check his ADV. He's mostly long only and one of the few managers still setup like Buffett's original partnership where there's no mgmt fee and a 25% performance fee above a 6% hurdle.
D1 Capital new but really hit the ball since open. Element Capital.
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