Pros
Great place to work if you want to learn about hedge funds, gain accounting/middle office experience. The company should be growing into the future with gaining interest in the hedge fund world as well as the publics interest in regulating the hedge fund industry. The company is filled with straight out of college people. Conversation is fund and they will let you have a beer at the end of the day on Fridays. The SF office laid off minimal people in the downturn. In good times they paid for CFA, benefits were great, I did not pay a dime for them (PPO).
Cons
Unfortunately I was only there during the recession while all financial companies became. Extra perks, bonuses, and raises all ceased to exist while I was there. The problem is you don't really have the ability to make money. If you are a self starter and willing to go out and make a difference, it's hard to gain traction. Many newly CFA's left because CITCO does not have the ability to maintain talented people or go-getters. To be fair that is just the type of business hedge fund administration is. You are not working for an investment bank.