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Hedging Their Best

Here are 21 perks Wall Street hedge fund employees get

You’re going to wish you worked there.
4.00pm, 26 Apr 2014
32.6k
45

HEDGE FUND WORKERS have it pretty good.

On Wall Street, life is pretty sweet at top firms.

Folks who work for hedge funds tend to get bigger salaries and better hours compared to investment bankers. Not to mention, they also have a more relaxed dress code (loafers, slacks, and a fleece vest).

What’s more is some hedge funds have some really sweet perks for their employees. These range anywhere from making sure the employees are well-fed to team vacations in the Bahamas.

We spoke to some hedge fund sources who spilled about which funds have these awesome perks. We also did our own research on the Web to dig up other perks.

Here are 21 perks Wall Street hedge fund employees get
1 / 21

  • Breakfast

    Marc Lasry's Avenue Capital has free ordered-in breakfast. Not a bad way to start the day.Source: AP/Press Association Images

  • Gyms

    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.Source: PA Wire/Press Association Images

  • A hair stylist

    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.Source: Businessinsider

  • Customised Salads

    Some funds, including Perry, have a chef on site. The one at Perry makes customised salads.Source: Jacquelyn Martin/ Association Press

  • A shoe polisher

    Blackstone, a private equity/investment banking/hedge fund firm, has an in-house shoe shine person.Source: Wikimedia Commons

  • A Jet

    According to JetNet, Perry Capital also owns a private Gulfstream Aerospace G-IV jet that seats 22 people.Source: Wikimedia

  • American Football seats

    Perry also uses a suite at Metlife stadium. This fund will be hard to beat, but there are others with cool perks, too.Source: Lauren Brown/Business Insider

  • Cheap clothes

    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.Source: Wikimedia Commons

  • Pool

    Barry Rosenstein's JANA Partners has a pool table in the office.Source: Wikimedia Commons

  • Booze

    We hear that JANA Partners has a well-stocked bar in the office, too. That definitely beats a Keurig and a fridge full of Diet Cokes.Source: AP/Press Association Images

  • Luxury transport

    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 ...Source: Daniel Goodman/Business Insider

  • Snacks

    ... 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.Source: Flickr/veggiefrog

  • Three meals a day

    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.Source: Daniel Goodman/Business Insider

  • A shrink

    Steve Cohen has kept an in-house psychiatrist/trading coach for his traders.Source: Flickr/digitalsextant

  • Working by the sea

    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."Source: Johan/Flickr

  • Amazing team building locations

    Back in the day, Julian Robertson would fly his analysts out west for hiking and camping trips as part of a team-building exercise.Source: Wikimedia Commons

  • Triathlons, really

    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.Source: Wikimedia Commons

  • Spear fishing in the Bahamas

    Every year, Texan hedge fund manager Kyle Bass takes his whole investment team spear fishing for a week in the Bahamas.Source: Wikimedia Commons

  • Fried Chicken

    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.Source: AP/Press Association Images

  • Assistants

    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.Source: Wikimedia Commons

  • Christmas Parties

    Also, while many banks downsized their holiday office parties after the recession, a bunch of hedge funds still have them.Source: Ivana Ivanovic/PIXSELL

Read: Google set to build swimming pool for Irish staff

Read: Google adds death benefits to list of ‘perks’… what else do employees get?

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