The former right-hand man of billionaire hedge fund manager Chase Coleman received plenty of perks, including a Balenciaga tote bag, a $2,500 gift card to SoulCycle, and a surfing trip to Montauk, but her work Stress forced her to quit, according to her memoir.
Carrie Sun, author of Private Equity, changed the names of the people involved for the purposes of her book. The New York Times reported She was an employee of Tiger Global, a midtown Manhattan-based hedge fund with an estimated $58 billion in assets under management.
Tiger Global made a fortune with early bets on companies like Meta and Spotify, but lost billions of dollars in 2022 as the technology sector suffered a severe economic downturn.
Sun, who graduated from the Massachusetts Institute of Technology (MIT) and completed her studies in three years, wrote a memoir about her experience as Coleman’s executive assistant. Coleman founded Tiger Global at just 24 years old and has since amassed a net worth of $5.70, according to Forbes. a billion.
Sun, who declined to say when he worked for the company, wrote that he once found an unopened $200 bottle of Johnnie Walker Blue Label whiskey in a trash can.her excerpt Quoted by Business Insider.
Sun also claimed that she once found a $1,000 birthday cake specially made for her boss thrown in the trash without anyone cutting it themselves.
Sun said Coleman was often too busy to eat special meals prepared by his personal chef, such as soba noodles with miso dressing or grilled steak. According to excerpts from the book, the chef often begged Sun not to throw away his food.
Sun writes that she was initially drawn to Tiger Global’s office culture, which encourages employees to always “try hard.”
“I thought the office was literally out of this world.” Sun said on the Time to Say Goodbye podcast. “I joke to myself that the light makes everyone look like they’ve stepped out of a Barneys catalog and I’m a Nobel Prize winner.”
Sun said Tiger Global’s employees were “some of the brightest, sorry, beautiful people on the planet,” adding that they “glided from meeting to meeting like they owned the world.” “I was doing it,” he said.
“I was surrounded by people who worked hard and didn’t think hard work was a bad thing. They were really focused on being good.”
Although she described Coleman as “kind,” she found his methodical nature, attention to detail, and reluctance to lighten her workload a burden.
“He pays attention to every little detail,” Sun said. “Therefore, there was no room for us to make any costly mistakes.”
When she asked Mr. Coleman to hire a part-time assistant to help her with tasks such as submitting expense reports, her boss pushed back, saying: “I’ve been burnt out for over 10 years. If I can do it, you can too.”
Ms. Sun said the demands of her job eroded her work-life balance, and that the eight women who worked as her assistants (all without children) were forced to work in “segregated offices that valued the ability to put work above all else.” I was trying to survive,” he wrote. ”
The assistants were also warned by company executives not to gossip “under the cover of fear of what would happen if we got together and talked about it.”
Sun, who suffered serious injuries while replying to emails while on a moving treadmill, wrote that the long hours he worked were taking a toll on his health. She remembered one night when she devoured cookies.
Eventually, she developed an eating disorder. Ms. Sun told her therapist that the job was “killing me,” she wrote.
For Christmas, Sun received presents including a $2,500 gift card to SoulCycle, a large Balenciaga tote bag, and a Derek Lam winter coat that retails for $6,000.
Sun said his co-workers gave each other expensive items, including an engraved Tiffany keychain, a $500 gift card to Bergdorf, a Bluetooth speaker, and high-end Beats by Dre headphones.
Tiger Global employees also have access to the company’s gym, which is stocked with training apparel in all sizes from Nike and Lululemon.
According to Sun’s memoir, the showers in the women’s locker room were stocked with shampoo and conditioner sold in the luxury section of Barneys.
The company’s “Family Day” includes the rental of the Victorian Gardens amusement park in Central Park.
According to the Sun, Coleman had his employees book celebrities such as former New England Patriots coach Bill Belichick and members of the New York Rangers hockey team to celebrate his birthday with the company. He is said to have instructed them to come to the lecture.
Sun wrote that Tiger Global is now able to make same-day reservations at Nobu, an upscale Japanese restaurant where customers often have trouble reserving a table.
The Post has contacted Tiger Global for comment.
