So, it turns out that Allstate has a hedge fund group which holds about $153 Billions of assets. I have never seen any topic mentioning Allstate at all.
So, do you know anything about them? do they have an internship program? Is it comparable to other hedge funds and BBs?
Thanks
| +29 | Advice ahead of a pair trade presentation - HF interview | 7 | 5d | |
| +28 | Background check issues | 5 | 2d | |
| +27 | College search for getting into HF | 23 | 1d | |
| +26 | Why are so many people here interested in Biotech? | 32 | 2d | |
| +23 | VP HF Lateral To PE | 1 | 4d | |
| +20 | % hit rate on quarters | 14 | 7h | |
| +19 | Drunk Thought: Shouldnt PM's at MM inverse their Portfolio's? | 6 | 4d | |
| +18 | How to approach Consumer L/S ideas | 5 | 4s | |
| +17 | How to learn more about Cyclicals? | 6 | 1d | |
| +17 | Is fundamental L/S equity a dying strategy? | 15 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I believe $153 billion is the value of total assets for Allstate. This is how insurance companies work, profitability is driven by earning returns on the float (i.e., capital provided by collecting frequent payments while paying out on less frequent claims).
Someone with more expertise could weigh in, but I'm pretty sure it's not at all comparable to a typical HF.
thx for your insight. What about their SAs and FTs, how much are they paid and what's their culture like.
Thanks
Insuriance companies are typically very conservative (i.e. boring) in their investments, lots of fixed income. Salaries are low compared to BB IMD or hedge funds.
Also a number of BBs have been trying to poach assets from insuriance firms (i.e. outsource the investing). From what I understand they've been quite successful.
thx for your input. Is anyone here familiar with their pay and their culture?
Thanks
AllState Investments Interview (PE arm) (Originally Posted: 08/11/2014)
Hi,
I'm interviewing at AllState Investments (PE arm) after 2 years in IB and 3 years in PE.
Does anyone have any insights in terms of work / life balance, pay, culture and interview process.
Best, Larry
Larry, how did the interview go? Any insights you can share?
Thanks! A.
Bump - anyone have insight into this group?
Mostly direct RE investing. PE is more FoF approach, maybe a bit of coinvestment alongside in certain cases.
URGENT: Allstate Ladder -- Associate Analyst, Salary Range Expectations, etc (Originally Posted: 08/16/2015)
I'm currently in the interview process for an Associate Analyst position within Allstate, in Chicago.
Thank you in advance!
Ps I have searched WSO and there is little info about Assoc. Analyst, same with Glassdoor.com.
Libero dolore ut ut dignissimos maxime magnam. Mollitia nisi nesciunt laudantium voluptas. Voluptatem amet laboriosam quibusdam dolorem sint. In cum quod deleniti ut quia ut temporibus. Quibusdam quae eveniet aliquam cupiditate consectetur ad eaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...