Why does chipotle make me shit blood? Serious question I've been struggling with this for years.

How does your firm structure work and how are earnings split amongst partners?

Thoughts on the MBA? How has it helped you?

What is the biggest mistake you've made as Partner (or even before that) and what did you learn from it?

Do you lead a team? If so, what did you learn about leadership that you didn't know before?

Thanks

Feeling a bit lost. At an UMM fund but see that really top L/S Fundamental groups recruit from MF PE. Not sure if I should get an MBA because I know HF employers not that interested in MBA. Or, maybe the time is better spent lateraling to a MF (they are on a hiring spree) to do a couple years before going to a top fund.

I worry so much about ending up at a "meh" shop where I don't actually learn a process - how can you know if you'll have a good Analyst experience since there's so little info about HFs (unlike PE where it's all brand name?). I'd be willing to try a younger / no-name fund if I knew the answer to this question.

What is your investment horizon? How many people work for you? If a person below wants to look at a position/sector you usually focus on how do you deal with that?

• What advice can you offer with respect to quantifying HF experience for a successful application to business school or lateral recruiting if someone's fund mostly flies under the radar?
• What was your background before L/S?
• What's your opinion on the market outlook for L/S funds?
• What is your perception on potential market consolidation and overlap in HF, PE and Family Offices?

How do you think about analyst talent? Do you value analysts strictly on absolute $ that they have generated for independent ideas? And at what point do you start thinking about getting rid of someone? If someone was covering energy and has underperformed because energy is structurally tougher, do you hold that person to the same bar as someone covering TMT for example?