Moving from top tier well known long only to small shop
I am considering a move from a top/near top tier long only (Wellington/Templeton) as a quantitative top down analyst to a relatively unknown quantitatively driven long/short equity shop (3B AUM). The long/short equity shop has a great track record. I think I can learn a lot more at the quant shop than at the traditional asset manager.
My concern is, while I want to stick around at the new place for a long time and have a great career, if things don't work out, would I be less employable because of the less well known name of the new shop? What would you guys do in my shoe (
Making 115k all in at the long only, and that increases around 10% every year in a long stable career. At the quant shop I'll be paid a slightly higher base and the incentive comp is a (very small) % of AUM. All in initial offer is about 120k.
What 3B long/shorts are completely unknown? That's a pretty big fund, so I'd imagine the stability is okay especially with a track record... not a quant guy but would assume there's nobody's gonna dog you for moving to a 3B fund even if it's in Jacksonville and nobody's ever heard of it. Plus getting a slice of the actual pie is the end game for all of us, so that's a damn nice offer that would probably increase with seniority over there.
+1
A $3B fund might be unknown on main street but that's a sizable fund and should be well known in the quant community. Don't worry. You'll still be employable if things don't work out.
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