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Morning Coffee: The ‘shocking’ move that has money managers fuming. Meet the...
Rarely if ever are changes to passively-managed index funds topics of consternation on Wall Street, but that all changed this week when one asset management giant decided to blink first. Seeing...
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I’m a New York finance professional in Europe. Vacations here are wild
I am an American who lives in Europe. I’ve done my time at Goldman Sachs in NYC and now I’m here, 3,500 miles across the Atlantic getting up close and personal to the land of my forebears. I’m also...
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Lots of people have left Credit Suisse’s Zurich office to work in crypto
Who knew? Credit Suisse’s Zurich office has long been a hotbed for emigres from banking to the cryptocurrency sector. So say insiders there, who point to multiple moves from the Swiss bank to the...
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BAML’s central risk book gets a facelift
Changes are underway within Bank of America Merrill Lynch’s central risk book (CRB). The group recently hired away a veteran trader from J.P. Morgan’s CRB, and rumors are swirling that’s not the only...
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Pay is rising at Greenhill, but there could yet be bad news for juniors
Boutique investment banking firm Greenhill has had some well documented issues. There was the rush for the exits by senior staff and the fact that the firm’s market value shrunk below $500m this time...
View ArticleGuess who’s going to get a big bonus increase in 2018
If you want to get paid in an investment bank for 2018 there is apparently one place to work: equities. The equities traders who put up eye-popping revenue totals during the first two quarters are in...
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Hutchin Hill founder Neil Chriss to build quant team at Millennium
Neil Chriss, founder of recently-defunct hedge fund Hutchin Hill Capital, isn’t going to be sitting on the sidelines for too long. The famed mathematician is joining Millennium Capital Management....
View ArticleMorning Coffee: The worst place in the world to work in the front office at...
There’s a reason people retire to Florida. – It’s warm all year round, the beaches are beautiful and the taxes there are low. If you can get past the hurricanes, it can be a sort of paradise. Deutsche...
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The special skills of Jim Esposito at Goldman Sachs
Jim Esposito is all set to become the new global co-head of trading at Goldman Sachs. This should only come as a surprise to those who weren’t watching: Goldman insiders have been predicting Esposito’s...
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Former Deutsche Bank equities trader pops up at Goldman Sachs
Goldman Sachs’ equity derivatives trading business has undergone a bit of a facelift over the last few months, with the division losing several high-profile names while also making a number of new...
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Emerging markets trader reinvents self at Credit Suisse
If you are an emerging markets trader looking for a job, you may find one at Credit Suisse: the Swiss bank is strengthening its credit trading team and has recruited someone with recent emerging...
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Hedge fund ExodusPoint is still hiring hard, and has started adding juniors
It may not exactly have prompted the outflow of people from Millennium Capital Management that some expected, but hedge fund ExodusPoint is nonetheless spurring movement in London and New York as the...
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Disillusioned ex-J.P. Morgan analyst is helping young bankers find homes
Three years ago, Denzel Matsaudza was an intern at J.P. Morgan in London. As part of the team in investor operations services, he worked on client fund accounting. When the internship ended, Matsaudza...
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Morning Coffee: Why you waste your 20s working 70+ hour weeks in banking – or...
Brutally-long working hours may not be the chief reason many junior bankers burnout, even if that’s their own belief. Rather, it’s the intensity of the work that takes more of a physical and mental...
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Return of the structurer as Barclays makes a major hire from Goldman Sachs
After years in the deep freeze, structurers are suddenly basking in the warmth of a preternatural hiring wave: they’re hot all over again. The latest manifestation of structurers’ desirability is on...
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The IQ test you may have to pass if you want to work for a hedge fund
Faced with a growing number of junior applicants, banks, hedge funds and other financial firms have begun relying more on technology to help pare down the thousands of interested students to a...
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Here’s how much you really earn as an MD at Credit Suisse and UBS in London
Do you really earn less money working for a European than for a U.S. bank in London? Popular opinion would have it that you do. But popular opinion may be wrong: our analysis suggests that if the...
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Morning Coffee: Goldman Sachs’ new-old way of cutting staff costs. Would you...
if you’re working on Wall Street, how far from the physical Wall Street can you actually be? According to an article in Business Insider today, Goldman Sachs reckons that the definition of the...
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J.P. Morgan and Goldman Sachs are adding algo-trading VPs
Structurers aside, one type of finance professional is particularly popular this year: the systematic or algorithmic (algo) trader. Whether it’s to work on the central risk book or creating algos for...
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The unexpected investment bank that offers the best work-life balance
If you want to work at an investment bank that carries plenty of clout within the industry, the usual suspects will be your best bet. For the fourth year running, Goldman Sachs, Morgan Stanley and J.P....
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