Finance

Insider finance: Steve Cohen’s web of hedge funds

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

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Inside the network of dozens of spin-off hedge funds from billionaire New York Mets owner Steve Cohen

steve cohen hedge funds 4x3

Point72; Shayanne Gal/Insider

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

Aileen Michael Kristen

Bank of America/Goldman Sachs/Oppenheimer

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

Sebastian Bea

One River Asset Management

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

Bessant Photo

Bank of America’s Chief Operations and Technology Officer, Cathy Bessant
Bank of America

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.

proofpoint

Inc., The NASDAQ OMX Group / Globe Newswire / AP

Thoma Bravo has fueled its $12 billion acquisition of Proofpoint with $8 billion in equity. Get an inside look at the deal.


Odd lots:

Big Law firms are plotting their return to office. Here’s what lawyers are excited about — and what they’re dreading. (Insider)

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)

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