A star quant just left JPMorgan for Citigroup in one of the most fiercely competitive hiring grounds on Wall Street

Quant talent is coveted across Wall Street, which has embraced electronic platforms and algorithm-driven trading.

January 27, 2020   |   View Online »

A star quant just left JPMorgan for Citigroup in one of the most fiercely competitive hiring grounds on Wall Street Alex Morrell | Quant talent is coveted across Wall Street, which has embraced electronic platforms and algorithm-driven trading. Read More »

After a $1 billion launch, Diamondback founders Richard Schimel and Larry Sapanski lost money in their first quarter of trading for new fund Cinctive Capital Bradley Saacks | The fund, which is still putting money to work and hiring its team, lost a net of roughly 2% in the fourth quarter, sources tell Business Insider, but is up to start 2020. Read More »

Blackstone CEO Stephen Schwarzman says too many companies pit execs against each other in succession battles — and tells us why he kept his next in line a secret for more than a year Dakin Campbell,Casey Sullivan | The exec told Business Insider at the World Economic Forum that succession planning often goes wrong when companies expose the new manager too quickly. Read More »

E-Trade just unveiled its plan of attack to nab advisers and investors 'lost in the shuffle' in the Schwab-TD Ameritrade deal — it includes a hiring push and marketing blitz in an industry that's under huge cost pressures Rebecca Ungarino | Plotting out higher costs and more hires after the industry just axed commissions is a bet on the power of persuasion. Execs say E-Trade is going after rivals' dissatisfied customers. Read More »

Here's a look at new retail-leasing software from proptech unicorn VTS — it's the startup's big bet on bringing a CRM approach to filling vacant space Alex Nicoll | VTS is the most heavily-funded software startup in the proptech space, with backers including Brookfield and Fifth Wall. Read More »

The alt-data industry is having growing pains after its sudden glow up — and insiders are looking at new pricing models and unlikely customers Bradley Saacks,Dan DeFrancesco | Alt data has been forced to grow up quickly: investors poured in, data powerhouses have carved out their space, and promising companies have flopped. Read More »

These 5 paycheck-advance startups have attracted a big wave of VC funding. Here's a rundown of the fees they're charging to break you out of the 2-week pay cycle. Shannen Balogh | Startups are cropping up offering workers access to wages before payday. While the limits, fees, and eligibility vary, they all offer advances based on hours worked. Read More »

A Goldman Sachs MD says the alt-data explosion is creating FOMO that could lead traders to look for investment signs in things like lunar cycles and how wide your face is Dan DeFrancesco | Matthew Rothman, a managing director at Goldman Sachs, spoke at an alt-data conference about strange places people could look for trading signals. Read More »

Billionaire Glenn Dubin just retired from his hedge fund, and he said his family's ties with Jeffrey Epstein didn't play a role in the decision Meghan Morris | His retirement comes weeks after an investigation by Business Insider into the Dubin family's complex ties to convicted pedophile Jeffrey Epstein. Read More »

The little-known VC firm behind Visa's $5.3 billion acquisition of Plaid is celebrating its third exit in 2 years. Here's how NewView Capital is rewriting the rules of late-stage investing. Megan Hernbroth | Former NEA general partner Ravi Viswanathan also cashed in on acquisitions of Acquia and Scout since September. Read More »

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