Good for a government institution, but will never be a good investment company
Pros
Zero stress environment Very good work life balance 'Nice' people Work is interesting most of the time Job security - very little chance of being fired
Cons
Bureaucracy - you cannot do anything outside the box ever (there is a committee for everything - literally) Pay is below market (but you also work less + job security) People posture and talk a lot (the firm wants to be 'The Best Investment Company in the world' - lots of ambitious talking but reality is completely opposite Not a place to learn to become a good investor (people are very well education - e.g. Harvard MBA etc, but zero talent in investing). Under perform the benchmark for the last 20 years Everyone avoid taking any risk (the most conservative and boring place you can work in)
