Confessions of burned-out junior bankers — Jonathan Soros' new hedge fund — Wall Street moves of the week
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- Five investment banking analysts gave us an inside look at their typical workday
- Everything we know about the new hedge fund being spun out of Jonathan Soros’ family office by John Holloway
- From Citi to Goldman Sachs to Pimco, we have a rundown of the past week’s big hires, exits, and promotions
If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco.
Confessions of Wall Street’s burned-out junior bankers: 5 current and former analysts from firms like Goldman Sachs and Credit Suisse explain their daily schedules
There’s been a lot of talk about the burnout amongst junior bankers. So we asked five current and former analysts to share their perspective.
Here’s what the past year has been like for junior bankers, in their own words.
Click here to read the entire story.
Jonathan Soros’ family office is spinning out a quant fund from portfolio manager John Holloway, and it hopes to launch with more than $1.5 billion.
After three years working for the Soros’ family office, Holloway is spinning off a hedge fund called Boulder Hill. If he’s able to raise his target assets under management, this could be one of the biggest fund debuts this year. Here’s what we know so far.
Wall Street people moves: Promotions, exits, and hires at firms like JPMorgan Chase, Citigroup, and ARK
JPMorgan Chase named Jennifer Roberts the bank’s next consumer banking chief. Matt Zames exits Cerberus Capital Management. Erika Irish Brown leaves Goldman to join Citigroup. See all the top people moves of the week.
An inside look at the crazy world of whistleblower lawsuits
An anonymous tip led to a hedge-fund billionaire’s $105 million tax-evasion settlement this month. Getting a whistleblowing payout isn’t easy. It can be a stressful job and can take years of quietly waiting. Find out more here.
From wedding dresses to vacation rentals, here’s 5 areas where Affirm CEO Max Levchin expects consumer spending to rebound
The CEO of buy now, pay later fintech Affirm told us where he’s expected the biggest jumps in consumer spending. Read more here.
Barry’s Bootcamp CEO dishes on his company’s first foray into outdoor classes and virtual fitness during the pandemic (Insider)
The research director at Grayscale, the world’s largest crypto asset manager, breaks down 5 digital tokens other than bitcoin and ethereum that he is newly tracking (Insider)
Obscenely priced ‘power bathrooms’ the size of master bedrooms are the new ‘it’ item for wealthy home owners (Insider)
WeWork has agreed to go public via a SPAC merger. The deal values it at $9 billion, less than a quarter of its 2019 valuation. (Insider)
Source: Read Full Article