Interesting that Pershing Square manages around $20B in assets but only have around 10 investment analysts. Looking at their backgrounds, they don't hire MBAs but recruit those who did standard top banking+PE route (Goldman/KKR, Goldman/Apollo, Centerview/Warburg Pincus, Evercore/Hellman & Friedman). Surprised at how lean they are given the AUM size. And those guys are probably making ~$1M/year on average.
| +30 | Interesting juncture: L/S Hedge Fund or MM Private Credit? | 6 | 4h | |
| +19 | London HFs | 8 | 1d | |
| +19 | MM BD people make LSD/MSD $m?? | 25 | 12h | |
| +16 | Road to Working at a Hedge Fund? | 14 | 1d | |
| +15 | JD or CFA for Distressed Debt/Activism? | 3 | 1h | |
| +15 | Credit comps | 9 | 4h | |
| +14 | Large HFs in SF / Bay Area | 10 | 2d | |
| +13 | Fund Accountant @ HF | 7 | 4d | |
| +10 | Junior Summer: Long Only AM vs High Yield Research at a BB | 3 | 6h | |
| +9 | Blackrock hedge fund interview | 5 | 3d |
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And if you don't waste time stating the obvious, you probably have a shot working back office there
Not a fan of mental masturbation of pay but saying 1M/year for a team of 10 that probably takes in a quarter of a billion on management fees alone is crazy.
Median pay of $1m seems more reasonable, definitely not on average.
Just out of curiosity, if you were to ballpark it would you imagine in the ~$10M range ? Higher?
With AUM of $2 billion per head, their pay is probably much higher
It's worth remembering they were down HSD in 2022.
What’s HSD?
High single digits.
Also interesting that they manage $20bn with such a mediocre track record...
Yea, what is up with that? They go thru huge spurts of ups and downs lol. Just a nature of the strategy? Ackman is shying away from activism too
Lol $1mm...Ryan Israel probably makes $1mm every 4 weeks
I'm just waiting to find out 6 months from now what his actual positioning is. He can't stop tweeting about how the banks will fail and yet claims he has no long/short positions in the banks so he can continue to be part of the conversation (giving pontificating VC vibes).
I know he's smart and greedy so just know he's talking up some indirect bet again.
The undisputed king of talking your book.. guess that's what you have to do if you have questionable investment skill
FCK BILL ACKMAN
Don’t you talk to my son like that
Don’t talk to my less good looking brother like that
I like the guy despite his lack of transparency, but when “dumb money” is calling you out for it under every single one of your tweets it’s time to switch strategies for a while
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