Insider finance: Steve Cohen’s web of hedge funds

steve cohen hedge funds 4x3

Summary List Placement

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. 

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

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

  Citi plans to launch crypto trading services after a boom in client interest in digital currencies, report says

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:

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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NOW WATCH: How the 1999 Russian apartment bombings led to Putin’s rise to power

…read more

Source:: Business Insider – Finance

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