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Must-know promotions, exits, and hires at firms like Apollo, JPMorgan, and...
Summary List PlacementHere's a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.A leadership shakeup at JPMorgan provides new clues about who will...
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'My close friends thought I was crazy.' Jason Karp was on his way to becoming...
Summary List PlacementOn a spring day in 2018, Jason Karp paid a visit to Kern Valley State Prison, a maximum-security facility in California's Central Valley. Karp was the founder of Tourbillon...
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A former head of macro strategy at legendary investment firm Citadel lays out...
Summary List PlacementSecuring a senior position at the top trading and investment firm often results in having to sign a non-compete clause, which means agreeing to stay out of the game for a set time...
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The three dimensions of investing today are risk, return, and impact. Experts...
Summary List PlacementAs financial institutions grapple with the steep risks posed by the imminent global climate crisis, ESG (environmental, social, and governance) investing has emerged as a...
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Bank of America's former EMEA equities head is launching a hedge fund with...
Summary List PlacementLondon's hedge-fund scene will have a new player come fall.Former Bank of America executive Julien Bahurel is set to launch equities-focused Como Capital in either October or...
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The founder of a digital assets hedge fund breaks down 3 under-the-radar...
Summary List PlacementCommuting in New York City can be a nightmare even in the best of times, but that's exactly how former commodity trader Carlos Betancourt found bitcoin. From 2013 to 2015,...
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One hedge fund that bet against GameStop is closing its doors after taking...
Summary List PlacementA London-based hedge fund that took a hit from betting against GameStop is shutting down after reviewing its business model, the Financial Times reported on Tuesday.White Square...
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$55 billion hedge fund Marshall Wace is reportedly planning its first...
Summary List PlacementLondon-based hedge fund Marshall Wace is planning its first investments in the cryptocurrency market, the Financial Times reported, amid steadily increasing interest in the...
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Two Sigma just snapped up a home-healthcare startup, and a partner laid out...
Summary List Placement$58 billion quant hedge fund Two Sigma just scooped up a business in the booming in-home healthcare segment.The firm's impact investing unit has acquired San Antonio, TX-based...
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Meet Young Wall Street's diversity champions
Summary List PlacementHello readers, Happy Saturday, and welcome to Insider Finance. Here's a rundown of trending stories from the past week:Meet four up-and-comers making Wall Street more...
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Millennium is using its AWS-hosted cloud tech as a key weapon to attract and...
Summary List PlacementAs the war for talent rages among hedge funds, one firm is using technology as a key value prop for recruitment and retention.Millennium Management, the New York-based hedge fund...
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What is a hedge fund and how does it work?
Summary List PlacementA hedge fund is a type of investment that's open to accredited investors. The goal is for participants to come out ahead no matter how the overall market is performing, which may...
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The strategies 4 hedge funds are using to invest in hot startups and get an...
Summary List PlacementHedge funds, long considered the world's best public market investors, have been losing their edge. Quants are squeezing out inefficiencies while funds struggle to justify their...
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Employees at Bill Hwang's Archegos face losing about $500 million in bonuses...
Summary List PlacementEmployees of Archegos Capital Management stand to lose a total of as much as half-a-billion dollars after the investment fund's collapse shrank the value of their deferred...
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A hedge fund reportedly lost $1.5 billion in a bond market short-squeeze as...
Summary List PlacementAlphadyne Asset Management, a New York-based hedge fund, reportedly lost $1.5 billion in a bond market short-squeeze as bets on rising rates turned sour, Bloomberg reported. The...
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Another hedge fund is shorting AMC as the meme-stock darling falls below $30
Summary List PlacementAnother hedge fund is plotting a short bet against AMC as the meme-stock favorite loses momentum, according to a Financial Times report.In a trade led by partner James Hanbury,...
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Banks and hedge funds are throwing money at quants. Here's how much they're...
Summary List PlacementBanks, asset managers, and third-party trading platforms like Tradeweb or MarketAxess that move billions of dollars throughout fixed-income markets are hunting for quants to build...
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Billionaire investor Seth Klarman has nearly $900 million in SPACs — but...
Summary List PlacementBillionaire investor Seth Klarman's Baupost Group has nearly $900 million invested in special purpose acquisition companies, according to data compiled by CNBC.But during the...
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Citadel will redeem $500 million of its shares in Melvin Capital: Report
Summary List PlacementThe hedge fund Citadel will redeem about $500 million of the $2 billion it invested in Melvin Capital earlier this year as the latter suffered crippling losses amid a short...
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