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Kamis, 20 Agustus 2020

Top headhunting firms for the buy side — Shakeups at Blackstone's credit division — New Robinhood data

 
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I usually like to highlight a major story of the day, but we've published too much good stuff to wait. Let's just get into it. 

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Top teams at finding talent for the buy side

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Recruiting on Wall Street is no joke. The competition is always ferocious, as firms want to maintain a pipeline of young talent. That goes double for alternative asset managers like hedge funds and private-equity firms. 

Reed Alexander, Alex Morrell, and Casey Sullivan leaned on their sources to suss out the 12 headhunting firms that are excelling at placing talent on the buy side. 

The resulting list is a great snapshot of who are the key people when it comes to staffing roles at firms like Blackstone, Apollo Global, and Citadel. 

So whether you're early in your career and looking to make a move to the buy side, or you're an investment firm looking for ways to source young talent, it's a list worth checking out. 

Click here to read the full list.


At Blackstone's $129 billion credit division, insiders say pay changes, PR black eyes, and disapproval of its internal hedge fund preceded an exodus in distressed trading

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid

More than a decade ago, Blackstone acquired credit-investing platform GSO. The deal has been a big win for the firm, with assets growing from $10 billion to $130 billion today. But GSO's integration into Blackstone wasn't entirely smooth. Casey Sullivan and Alex Morrell have the full, incredible story on the history of GSO.


Meet 11 ex-Blackstone credit pros who joined shops like Ares and Angelo Gordon and are now helping them go bargain hunting during the downturn

goodbye

Interested in more stories on GSO? Casey Sullivan and Alex Morrell have you covered, mapping out where 11 former GSO employees landed. With distressed-debt investing in the spotlight, it's definitely worth a read


As big-money investors scramble to find a replacement for Robinhood trading data, one alt-data firm says it has the answer. These 20 charts show how it's tracking web traffic with an ingenious workaround.

disney robin hood

Dakin Campbell and I reported last week on hedge funds eager to fill the void left by Robinhood shutting off access to its trading data. Now here's a story on an alt-data provider who feels like it can fill that gap with its web-traffic data. Click here for the full story, which includes 20 charts of its data on some of the most popular stocks.


A student housing developer is facing congressional scrutiny after it pressured colleges to bring kids back to campus in order to keep dorms full

Students move into dorms during the pandemic

Speaking of follow-up reporting, Meghan Morris previously wrote about housing developer Corvias trying to influence return-to-campus plans for some colleges where it has student housing. Turns out that story caught the eye of Senator Elizabeth Warren and Representative Rashida Tlaib — who I am sure are big readers of this newsletter — and are now asking for more information. Meghan has all the details on the inquiry.  


The investment chief at a $7 billion healthcare fund breaks down why the COVID-19 vaccine race will have many winners — and explains how his firm is taking advantage of the massive Chinese market

vaccine

Bradley Saacks has the scoop from a healthcare fund about its investment strategy for a vaccine for the coronavirus, along with the opportunities that exist in China. Click here for the full story.


Amex wants to go all in on serving SMBs even as the pandemic crushes business owners. Here's why acquiring Kabbage is a key part of that strategy, according to an Amex exec

American Express

The American Express executive tasked with managing the soon-to-be acquired SMB lender Kabbage spoke to Shannen Balogh about how the fintech fits into the card giant's broader strategy to go after small businesses. Here's the full story.


Odd lots:

'Wolf of Wall Street' Jordan Belfort to teach tips to armchair traders (FinancialNews)

Workspace Provider Regus Puts Part of U.S. Portfolio in Chapter 11 (WSJ)

JPMorgan is reportedly in talks to open Chase ATMs and branches at Post Offices (Capitol Forum)

A Swiss town was covered in chocolate snow after an error at a Lindt factory (Insider)

 
 
 
 
 
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