Driehaus Capital Management
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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
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I have been working at Driehaus Capital Management full-time (more than 5 years)Pros
Most people are nice and friendly. Hours are flexible but be prepared to put your time in.Cons
Turnover of equity analysts is extremely high. On average the firm lets 20% of analysts go within three years. Portfolio managers are given a free-pass and equity analysts are frequently blamed for performance relating to poor portfolio decision making. Strategies have under performed by 300-400 basis points annually for the past five years. Equity AUM is in precipitous decline as a result of the under performance.
Management is not afraid to let people go at moments notice. And they force you to sign a contract indemnifying them from all wrong doing upon termination by threatening to have your bonuses being clawed back. Hard to see dedicated colleagues go, firm has let at least 4 equity analysts go in past twelve months including a junior analyst only days after he pulled out a mortgage. That's how cut throat this firm is.
O and did I mention the CEO is a crook and was fired from Bank of America for lack of integrity in 2003.Advice to ManagementAdvice
You have a culture problem Richard Driehaus. Save your firm before it goes extinct!Doesn't RecommendNegative Outlook