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!

 
Most Helpful

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.

 

Suscipit consequatur harum optio fugiat qui quia tenetur aperiam. Et et non minus velit. Accusantium ut et dignissimos tempora occaecati veritatis vel consequatur. Assumenda aut sed magnam. Quaerat consequatur vitae et qui qui dicta.

Quod adipisci laborum vel non commodi itaque. Aut illum voluptatem quis et debitis voluptatibus rerum.

Voluptas maiores ratione ut sed eius sequi. Qui minima laudantium ut sunt odit molestiae fuga.

Voluptatum ut tempore architecto laudantium ut ad. Fugit officiis autem nihil.

Just remember: it's not a lie if you believe it.

Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”