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Pod shop or top tier LO - Wall Street Oasis 2: Hedge fund pod shop Top tier multi manager At this stage in my career, my sense is that AVERAGE comp is about the same ~$600k Obviously more upside potential at the pod, but also probably more career risk Curious for thoughts
What is the best pod shop for a PM to work at? - Wall Street Oasis But for someone running a tech book where it's pretty easy to maintain factor balance might be better off going for the higher payouts of a Millennium type shop I'd be miserable running my strategy at Citadel and I basically couldn't be happier at my shop (one of the $1-$10bln multi-strats of which there are many)
Where do pod shop ‘churns’ go to? - Wall Street Oasis You guys are overestimating how common blow-ups are, especially at big4 pod shops That don’t happen nearly as often as you think Anyway…exits I’ve seen: - other pods - PM or sr analyst at LO or FO or SWF (these tend to be really awesome exits because pay is excellent stress free) - SMs - sellside research firm - CFO at a startup or
Pod Shop Regret - Wall Street Oasis Why do you regret going into a pod shop - e g comp, WLB, repetitiveness of the job, constant stress, lack of transferable skills exit opps, etc ? If performance was an issue - what has been bad luck vs your own fault? Do you think your personality was aligned to the pod shop hedge fund world? What are the key characteristics required for
Realistic Odds of Making It as an Analyst at a Pod Shop? In summary, the odds of making it as an analyst at a pod shop are tough, but not impossible Success requires a mix of skill, adaptability, and sometimes luck For those aiming to transition to PM, it’s a long and uncertain road, often requiring a combination of stellar performance and strategic career moves
Demystify the LT SM tiger cub PE approach vs. MMHF pod shops? If a pod shop analyst expects Apple’s earnings to come in weaker than expected vs consensus and market to react negatively, they may be short, but the duration guy may see this as a temporary dislocation and go long b c this quarter they missed earnings, but other KPIs are still trending in right direction on their numbers 2-3 years out
Best job to get into a pod shop? - Wall Street Oasis Before you even entertain the thought of a pod shop, figure out why you want to work in public equities What is it that interests you in fundamental or L S equities versus fixed income? Then, learn how financial analysis works, read a book, sign up for a finance course at your school or the most applicable helpful class you can enrol into
How has Viking become a pod shop? - Wall Street Oasis theyre not as pod-y as a true pod, but its not a head PM calling the shots lot of guys run their own books PnLs with full discretion and get formulaic payouts on that pnl so its more pod-like than SM-like, but maybe more accurate to simply say it's a multi manager model
HF Pod Shop Life - Wall Street Oasis Pod shops definitely have their perks, like the pay, but the stress and short-term focus are real issues From what I’ve heard, it really depends on the team and the culture The best parts are usually the pay and the learning curve, but the pressure and constant volatility can get exhausting