Driehaus Capital Management

www.driehaus.com
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Driehaus Capital Management Reviews

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  1. Overall a great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at Driehaus Capital Management full-time (more than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    A lot of tenure at the Firm, competitive benefits (top of the line healthcare and wellness program a plus), tend to promote from within, collaborative working environment and a great group of people to work with.

    Cons

    Don't always get to see other employees due to the layout of the buildings. In addition, office space can be a bit of a challenge. Also, some people don't have much experience outside of Driehaus.

    Advice to Management

    Continue to provide Firm update meetings with the departments as this is a good way for employees to be informed of what is happening at the Firm.

  2. Analysts Should Avoid This Firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Analyst in Chicago, IL
    Current Employee - Senior Analyst in Chicago, IL

    I have been working at Driehaus Capital Management full-time (more than 5 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    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 Management

    You have a culture problem Richard Driehaus. Save your firm before it goes extinct!

  3. Helpful (3)

    Friendly Work Environment but at End of the Day Watch Out

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Analyst in Chicago, IL
    Former Employee - Investment Analyst in Chicago, IL

    I worked at Driehaus Capital Management full-time (more than 3 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Friendly collegiate work environment, good benefits and paid time off (health insurance and generous about holidays), booming Fixed Income/Credit hedge fund arm (safer part of the business), Work events to foster relationships

    Cons

    Extremely high turnover of research analysts compared to industry. Four analysts have let go by the firm in the past twelve months. Equity AUM in precipitous decline due to poor decision making by portfolio managers over multiple years. Pay is lower than industry for junior and mid level analysts.

    Advice to Management

    Portfolio managers are given way too much freedom given their level of performance. PMs are frequently out of the office for their OWN LEISURE yet their strategies are rated in the bottom 20 percentile according to Lipper.

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  5. Helpful (2)

    Tread with Caution

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Analyst in Chicago, IL
    Former Employee - Investment Analyst in Chicago, IL

    I worked at Driehaus Capital Management full-time (more than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Hands on experience, Be prepared to learn fast on the job, Friendly work environment, Flexibility in hours but be prepared to put your time in

    Cons

    Not afraid to kick you out the door at moments notice if they want to "shake up" the investment teams, Benefits and Pay are both below industry averages (no 401k match, limited travel budgets, won't reimburse for CFA, ok healthcare plan), WARNING: High level of Hierarchy, difficult to advance without a high level of tenure at the firm

    Advice to Management

    For size of the company you'd expect Senior Management to be more involved but they are for the most part "out to lunch"

  6. Helpful (1)

    Strict hierarchy but nice people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

    I worked at Driehaus Capital Management

    Pros

    It's a small company where everyone knows each other and most people are very nice. Most promotions that people recieve are fair.

    Cons

    Surprisingly little communication takes place between upper management and the rank and file, considering how small of a company it is.

    Advice to Management

    Promote less hierarchy, and more competitive benefits on a par with industry

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