Schulte in this HF environment

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Mozart Lacrimosa

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Schulte in this HF environment

Postby Mozart Lacrimosa » Sat Nov 12, 2016 4:15 pm

Is there anyone currently at SRZ who can comment on the atmosphere within the firm? I'll be a SA next summer and somewhat concerned over headlines about recent withdrawals and some funds shuttering. Thanks.

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Re: Schulte in this HF environment

Postby Anonymous User » Sat Nov 12, 2016 5:37 pm

I used to work at SRZ but no longer do. Not long ago, I ran into a partner socially who I worked with while I was there, and we were discussing the current issues with hedge funds. The partner said that the firm generally has more work than it can handle. The real problem is that they don't have enough associates. I have no reason to believe that this isn't true, but it was surprising to me nonetheless. I would share your concerns.

It also could be that the firm hasn't started feeling the effects of the downturn yet. Or that PE (Cerberus, etc.) and other practices have made up for any hedge fund downturn. This is speculation though.

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Re: Schulte in this HF environment

Postby Anonymous User » Sun Nov 13, 2016 9:19 am

I wouldn't worry much, they're incredibly busy, like above poster said they also do tons of PE work.

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Re: Schulte in this HF environment

Postby Anonymous User » Sun Nov 13, 2016 2:59 pm

I have heard the investment management group is busy. Schulte has a very stable financial footing, its profits per partner is consistently in the top 25 or so of firms. Barring another recession, there's practically no chance that they wouldn't be in a position to give 100% offers this upcoming summer if that's your concern.

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Mozart Lacrimosa

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Re: Schulte in this HF environment

Postby Mozart Lacrimosa » Sun Nov 13, 2016 3:29 pm

Thanks to everyone who responded. Gives me a little more peace of mind.

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Re: Schulte in this HF environment

Postby Anonymous User » Sun Nov 13, 2016 9:21 pm

Associate here. The firm has more work than the current crop of associates (whose numbers have declined slightly for a few years now) can handle. They've been very conservative in hiring ever since they got creamed in '08/'09 and have only just begun perhaps slightly increasing their hiring targets. I'm a lot more concerned about having too much work than too little.



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