Goldman Sachs' massive quant business now rivals AQR and Two Sigma. We talked to the bank's top quant about asset growth, finding data sources and why critics of computerized trading are wrong.

Goldman Sachs's Quantitative Investing Strategies group is one of the Wall Street bank's biggest and fast-growing units.

September 19, 2019   |   View Online »

Goldman Sachs' massive quant business now rivals AQR and Two Sigma. We talked to the bank's top quant about asset growth, finding data sources and why critics of computerized trading are wrong. Dakin Campbell | Goldman Sachs's Quantitative Investing Strategies group is one of the Wall Street bank's biggest and fast-growing units. Read More »

TransferWise, a fast-growing money transfer startup valued at $3.5 billion, just turned in a third straight year of profit Shannen Balogh | TransferWise reported a surge in revenue and $12.7 million in profits for the year ending in March. The fintech firm is valued at $3.5 billion. Read More »

2 senior executives are now out at Charles Schwab as the discount broker prepares to cut 600 jobs Rebecca Ungarino | The exits come as Charles Schwab is cutting some 600 jobs, or 3% of its workforce. One of the people departing led Schwab's internal women's network. Read More »

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The chief strategist at $1.5 trillion Prudential Financial told us which sectors she's targeting to beat a stock market that looks 'overbought' Marley Jay | Prudential's Quincy Krosby says trade fears and high prices shouldn't keep investors on the sidelines. Read More »

AvantStay, a startup that rents properties designed for group travel, just nabbed $20 million in funding from venture funds and Olympian Shaun White Alex Nicoll | AvantStay is one of the only branded short-term rental companies to partner with Marriott. Hotel incumbents are looking to compete with Airbnb. Read More »

The quick, no-nonsense guide to bootstrapping your startup to success, according to real founders who did it Robin Madell | We surveyed a wide range of successful startup bootstrappers for their advice on how other founders can make the path of financial independence work. Read More »

WeWork cofounders Adam and Rebekah Neumann are close friends with Ivanka Trump and Jared Kushner and invited them to Rebekah's extravagant 40th birthday bash in Italy Meghan Morris,Julie Bort | The WeWork cofounders wanted to invite Trump and Kushner to Rebekah's 40th birthday party in Italy, but a senior employee was said to have intervened. Read More »

JPMorgan is winning the most hedge fund business as Wall Street banks swoop in on Deutsche Bank's $200 billion in prime brokerage assets Alex Morrell,Dakin Campbell | Following Deutsche Bank's equities exit, Wall Street competitors have gobbled up billions in assets from the firm's most-coveted hedge fund clients. Read More »

Charles Schwab is losing a prominent markets analyst as the discount broker gears up to cut 600 jobs Rebecca Ungarino | The firm is slated to close its $1.8 billion buy of USAA's brokerage and managed accounts in 2020, and has come under pressure from lower rates. Read More »

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