MM Hedge Fund Offer Decision
Hey all - was wondering if people could provide some guidance / input on deciding between offers between the large MMs (Citadel, Millenium, Baly, and P72). I have an offer from two of them and am struggling a bit to determine how to think through it. I like both of the PMs but one of them is at a firm that has a more intense rep wrt cutting people on drawdowns etc. any guidance would be much appreciated. For background this is for an entry level position out of IB so also weighing holding out to try to pursue a tiger cub type later on in my second year (the BD reps for these all reached out to IB analysts in the fall which is why I have these offers sooner). Ultimately want to be a PM and think these firms offer a more straightforward path to actually getting there. Any that you would definitely take over others? Or platforms that you think are better at developing junior talent?
Nm
Get the pod drawdown number and pod AUM.
The convo here really revolves around the drawdown number and AUM of the pod.
I realize you're a junior guy, but the higher your PM's drawdown % (there is a market standard but it does vary) and the higher the pod's AUM, the better it will be for you.
Also - are there any sub-PMs in the pod? Did they start as analysts? If so, this is a pretty good sign that there is at least some sort of promotion route for you to manage your own book.
Best of luck!
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