Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- Some of the biggest hedge fund managers are planning for another summer without interns in the office, but there is at least one notable exception: Citadel.
- Chase Coleman’s most recent investor letter for Tiger Global, which returned $10.4 billion to investors in 2020.
- Two Barclays bankers detailed how they helped airlines raise debt during the pandemic.
We’ve got payments experts from Bain, JPMorgan Chase, Mastercard, and PayPal discussing the future of the space. Join us for our webinar on Thursday, March 18 at 12:00 pm ET. Click here to learn more and sign up.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Citadel’s summer internship will be in-person, while other hedge funds like Millennium, DE Shaw, and Bridgewater are staying virtual. Here’s what we know so far.
Some of the world’s biggest hedge funds are planning to keep their summer internships remote, with Citadel being the exception.
What the incoming class of interns can expect from different firms.
Chase Coleman did a deep dive on 20 years of blowout performance at Tiger Global and shared his strategies for getting in early on the next Amazon
Chase Coleman Business Insider/ Mike Nudelman
We did a deep dive on the most recent investor letter for Chase Coleman’s Tiger Global Management. Find out all the details on Tiger Global’s big 2020.
2 top Barclays bankers that helped raise $23 billion in crucial funding for America’s biggest airlines share what’s next for an industry hopeful of recovery
Barclays
Barclays has led over $11 billion in deals for US airlines since the pandemic rattled the industry. We spoke with managing directors Ben Metzger and Ben Burton, who outlined the nuances of these deals and identified what’s next. Here’s what they told us.
BlueVine hires its first COO, a LendingClub and PayPal alum, as the fintech doubles down on its business-banking ambitions
BlueVine
Steve Allocca, BlueVine’s new COO, will drive the fintech’s banking strategy, an expansion from its bread-and-butter lending. Here’s everything you should know about the new hire.
Odd lots:
Morgan Stanley exec says bank will be choosier as ‘discipline’ comes to Spac boom (Financial News)
Robinhood Offers Users Cash for New Deposits as $1,400 Checks Arrive (Bloomberg)
CalPERS’ Bienvenue: SPACs are fraught with potential misalignment (PE Hub)
American Airlines Joins Debt-Market Behemoths (WSJ)
Robinhood beefs up executive team with Google veteran to lead product ahead of IPO (CNBC)
Dimon condemns racism against Asian Americans in all-staff memo (American Banker)
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