21 Of The Coolest Perks For Hedge Fund Employees
Marc Lasry's Avenue Capital has free ordered-in breakfast. Not a bad way to start the day.
Bill Ackman's Pershing Square has a state-of-the-art gym at its 888 Seventh Avenue headquarters. We hear that there's also a personal trainer who comes in.
Blackstone, a private equity/investment banking/hedge fund firm, has an in-house shoe shine person.
Perry Capital, the hedge fund run by Richard Perry, has a barber shop on site in its GM Building headquarters. The stylists come in two times a week.
Perry Capital employees also get a discount at Barneys. Richard Perry is the chairman of Barneys and his fund owns a controlling interest in the retailer.
According to JetNet, Perry Capital also owns a private Gulfstream Aerospace G-IV jet that seats 22 people.
Some funds, including Perry, have a chef on site. The one at Perry makes customized salads.
Perry also uses a suite at Metlife stadium. This fund will be hard to beat, but there are others with cool perks, too ...
Barry Rosenstein's JANA Partners has a pool table in the office.
We hear that JANA Partners also has a well-stocked bar in the office, too. That definitely beats a Keurig and a fridge full of Diet Cokes.
Ray Dalio's Bridgewater Associates has a luxury bus that picks up its traders and analysts in the city every morning. But wait, it gets better ...
The Bridgewater bus has an individual TV on the back of every seat. There are also drinks and snacks onboard and booze for the evening ride home.
Bridgewater also feeds its employees three meals a day for free. We're told that you can even get a meal to go for your commute home.
Steve Cohen's SAC Capital has kept an in-house psychiatrist/trading coach for its traders.
You don't always have to work in the Connecticut or NYC office. One mystery hedge fund set up Bloomberg terminals at the Hamptons home of a fund manager identified only as "Mr. C."
Back in the day, Julian Robertson would fly his analysts out west for hiking and camping trips as part of a team-building exercise.
Daniel Loeb, the founder of Third Point LLC, leads a team of his analysts and traders in half Ironman triathlons. Talk about real teamwork and bonding.
Every year, Texan hedge fund manager Kyle Bass takes his whole investment team spear fishing for a week in the Bahamas.
Paul Tudor Jones orders his traders fried chicken on Fridays when they've had a good week. If they had a down week, they get sushi. Apparently PTJ loves Kentucky Fried Chicken.
At a lot of funds, when you move into a senior position you get an assistant or potentially two assistants. Louis Bacon, who runs Moore Capital, has his assistants frequently serve him sushi and a green juice.
Also, while many banks downsized their holiday office parties after the recession a bunch of hedge funds still have them.
Now let's check out one of Wall Street's favorite sports ...
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