Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- We mapped out the more than 80 hedge funds connected to Point72 founder Steve Cohen.
- Our rising stars of equity research share their best advice for how to launch a career in the industry.
- Bank of America tech executive Cathy Bessant details why 5G and 3D printing are two tech trends that are crucial to the bank’s future.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Inside the network of dozens of spin-off hedge funds from billionaire New York Mets owner Steve Cohen
An Insider review found more than 80 hedge funds connected to Point72 founder Steve Cohen. Big names include current and former managers like Gabe Plotkin, Jason Karp, and Neil Chriss.
See all the hedge funds with Cohen connections here.
How to launch your career in equity research, according to 19 rising star analysts
We selected 19 research analysts for our 2021 rising-stars list. They shared their best career advice for those just starting out. Here are some of their top insights.
Meet the ex-SEC chair Jay Clayton-advised asset manager hoping to gain regulatory approval for the first sustainable crypto ETF
Asset managers are scrambling to find a way to make crypto investing sustainable. One River, which is advised by ex-SEC chair Jay Clayton, thinks it’s found a solution. Read more here.
Bank of America’s top tech exec details why 5G and 3D printing are two tech trends that are key to the future of the bank
Bank of America’s Cathy Bessant highlighted the importance of 5G mobile broadband and 3D printing at a recent summit on digital banking. Here’s why she’s so bullish on the tech.
Thoma Bravo just cut one of the largest equity checks ever for a $12 billion cybersecurity firm. Here are the details behind the deal.
Thoma Bravo has fueled its $12 billion acquisition of Proofpoint with $8 billion in equity. Get an inside look at the deal.
Odd lots:
Now may be the best time to switch jobs — and make more money (Insider)
Robinhood’s Biggest Business More Than Tripled Amid Trading Frenzy (WSJ)
Trump hired dozens of lawyers from 2 law firms. Only one has been hiring them back. (Insider)
Marty Chavez Takes On a Top Role at Alan Waxman’s Sixth Street (Bloomberg)
TikTok Is the Place To Go for Financial Advice If You’re a Young Adult (WSJ)
The ‘Tech Supercycle’ for Listings Is Accelerating: Top Goldman Sachs Banker (The Information)