Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:
- Five investment banking analysts gave us an inside look at their typical workday
- Everything we know about the new hedge fund being spun out of Jonathan Soros' family office by John Holloway
- From Citi to Goldman Sachs to Pimco, we have a rundown of the past week's big hires, exits, and promotions
There's been a lot of talk about the burnout amongst junior bankers. So we asked five current and former analysts to share their perspective.
Here's what the past year has been like for junior bankers, in their own words.
Jonathan Soros' family office is spinning out a quant fund from portfolio manager John Holloway, and it hopes to launch with more than $1.5 billion.
After three years working for the Soros' family office, Holloway is spinning off a hedge fund called Boulder Hill. If he's able to raise his target assets under management, this could be one of the biggest fund debuts this year. Here's what we know so far.
JPMorgan Chase named Jennifer Roberts the bank's next consumer banking chief. Matt Zames exits Cerberus Capital Management. Erika Irish Brown leaves Goldman to join Citigroup. See all the top people moves of the week.
An anonymous tip led to a hedge-fund billionaire's $105 million tax-evasion settlement this month. Getting a whistleblowing payout isn't easy. It can be a stressful job and can take years of quietly waiting. Find out more here.
The CEO of buy now, pay later fintech Affirm told us where he's expected the biggest jumps in consumer spending. Read more here.