Finance

Top quant recruiters — D1’s startup spree — New round of banker bonuses

Hello, readers.

Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week.

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JPMorgan CEO Jamie Dimon expects the bank’s employees will be back in the office ‘within weeks’ and maskless by October

jamie dimon jpmorgan

Jamie Dimon, the CEO of JPMorgan.
Mike Blake/Reuters

Jamie Dimon, the CEO of JPMorgan, said on Wednesday that he planned to tell employees to be back in the office within weeks, at least for a day or two. By September, he said, the plan is for half of his corporate workforce to be back full time, and he expects that employees will be maskless in the office by October. Get the full story here.


Wells Fargo is paying its corporate and investment-banking analysts and associates special bonuses up to $20,000 spread across 6 months

money

Boonchai Wedmakawand/Getty Images

Wells Fargo Securities is offering corporate and investment-banking analysts and associates up to $20,000 in special bonuses. Meanwhile, UBS told junior bankers on Wednesday that it was adding a bonus for those promoted to associate.

They’re the latest firms to reward junior bankers as Wall Street grapples with grueling workloads while working from home.


The talent brokers of quant trading: The headhunters at the forefront of Wall Street’s systematic-trading and data-science hiring frenzy

wall street quant hedge fund recruiting 2x1

AQR; DE Shaw & Co; Citadel; Two Sigma; DRW; Point 72; Samantha Lee/Insider

The market for quant and data-science specialists on Wall Street has perhaps never been hotter. They’re the lifeblood of hedge funds, trading firms, market makers, and bank trading teams.


$21 billion hedge fund D1 Capital has been on a private-investing spree. Here are 24 companies it’s backed in 2021 — from unicorns like Squarespace to corporate-card startup Ramp.

Daniel Sundheim

Daniel Sundheim, the founder and chief investment officer of D1 Capital Partners.
Brendan McDermid/Reuters

Dan Sundheim’s D1 Capital has made private investments in startups since its inception in 2018.

D1 has participated in funding rounds in hot sectors such as logistics, enterprise SaaS, and e-commerce. We listed all the private investments it’s disclosed publicly in 2021.


What Wall Street bankers really thought about JPMorgan’s $4.2 billion European Super League deal

European Super League

Trophy-like figures amid the European Super League logo
Dado Ruvic/Reuters

The European Super League, a breakaway soccer competition, came and went in less than a week. JPMorgan lent $4.2 billion to support the initiative, only to call it a misjudgment on Friday. Get the play-by-play here.


Wall Street people moves roundup


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