3.0
Mar 30, 2016
Former employee, more than 5 years
New York, NY
Recommend
CEO approval
Business outlook
Pros
Firm allows plenty of capital use, strategies employed can be capital intensive, and management generally stays out of the way and allows you to do your own thing. If your strategy proves profitable, management will encourage to add to positions and capital usage.
Cons
Don't expect much in the way of outside support unless you ask for it, and even then it will be limited. Risk controls are very poor, and while they understand risk, they generally don't know how to employ any proper risk management (you will get stopped out at the worst possible times). Expect a lot of erroneous "expenses" and "overhead" to cut down your end of year PnL. Any "discretionary" deal is just asking for them to give you a crappy payout.