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Don Mccarthy

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1 of 5
2020-11-09 03:55:35
Rated

Do your homework before working here
Old, unoriginal, slow to react, set in their ways management that concentrates the wealth at the top. New employees are underpaid and hope to get paid more as they "prove" themselves, but that never happens. More corporate pay vs hedge fund salary. This place will overwork you and under pay you for sure. You will do mediocre work, go through "investment questions" on stuff that will never be invested in and go through this busy work for no reason. I've worked their for years now and they have a terrible track record in investments and don't listen to new ideas and struggle to adapt to the new market. And vacations are none existent unless you are a senior guy. I got push back every time I tried to take off and even though I was given only 2 weeks of vacation a year, I was only allowed to take one without getting bellyaching. Plus, you must be plugged in at all times during your vacation. I always worked during my "time off." The traders give you push back for any investments and always add their "2 cents" to act as if they can be analysts too and are smart but should just execute orders. There is absolutely no career growth, I want to emphasize this. If you are hired for a job, that will be your job forever. You will not get promoted or move to your boss's job in the future. Chances are your boss is really insecure and will try to keep you beneath him and exert his control. If you are girl, don't work here. You will only be hired for operations positions or marketing (if they think you are attractive). I think they hired one token female for the investment team but I hear she is only there for perceived diversification after previous employer review. You might be drawn into the perceived "hedge fund" job, but this isn't a hedge fund really. The management just wants to gather as much money as possible to charge their management fee and keep that money for the few at the top. The founder is not hands-on, and enjoys his life being rich and collecting his money while his two appointed cronies run the fund to the ground. He is laughable on quarterly investment calls where he tries to act like he is apart of the investment process, but doesn't know anything about what the fund is doing or investing in.

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    : http://www.firtree.com
    : CFO / Partner
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