TCI Fund Management
How TCI pivoted into a wide moat investor that made $19 billion in a single year
Richard Toad
Will AI kill buy-side junior roles? A bull/bear debate
It's your first day on the buy-side, you get your Bloomberg and sell-side equity research portal logins, sit through compliance training, and then a PM walks by your desk. "My buddy who runs a fund mentioned this conglomerate stock. Seems interesting. Take a look and let me
Ziff Brothers Investments (ZBI)
Ziff Brothers Investments: How a Publishing Fortune Built a Hedge Fund Powerhouse
The hidden reasons hedge funds reject you
It has been two weeks since the final round interview for a hedge fund job you really wanted. You start to get anxious and debate whether you should follow up. Then you say fuck it, and you do. Your contact at the fund tells you that you didn't
Investor Profiles
Richard Toad — Investor Profiles 240 investors tracked Updated regularly
Atticus Capital
Atticus Capital: The Hockey Player Who Built a $20 Billion Hedge Fund
2026 Q1 Fund Database Refresh Findings
I want to share with you findings of the 54 new funds added to my fund database compared to March 2025 data, when it was launched. Here's what stood out. Lineage The Tiger lineage remains the largest group, accounting for 12 of the 54 additions. For context, my
Q1 2026 Hedge Fund Roundup
Launches, Shutdowns, and Pivots In this issue, we discuss the reversal of a major hedge fund industry trend, news around a few Tiger Grand-cub hedge funds and a few high-profile billion AUM+ hedge fund launches, and more. If you missed the last two editions: 2025 Q4 | 2025 Q3 This article
Fund Database Master Table
All 1,000+ hedge funds and long-onlys in one place, sortable and searchable The search works for your keyword in all fields: from name of the fund, all the way to the text inside the details column. Example use cases: * If you want to find all Wharton / Penn alumni in
2025 sell-side equity research comp survey findings
Note: * All figures are averages using pivot table * There weren’t enough international data points to even have analysis, so I excluded them * excluded a few outliers (because might be prank submissions) and macro (because it can skew the fundamental research info) * Firms considered “BB” in my grouping (I have
Fund database methodology
Updated: 3/14/2026 Subject to change because I cannot make up my damn mind. Hedge funds AUM: because hedge funds only report regulatory AUM, which includes leverage, it's not disclosed in our fund database. Style I classify funds into value, growth, event-driven, activist, healthcare (biotech/biopharma), low-net/
Your First Year in Equity Research (Part 2)
Estimated reading tie: ~10 minutes Continuing from last week's article, let's talk more tips on how you can become more effective as a junior sell-sider. Topics: * You don't get better as an investor on the sell-side, unless you want to * You need to own