The great Wall Street cloud war — Trading floor burger-eating contest — Millennium quant on alt data

Subscribe to Insider View in browser       Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today: How top cloud providers are pitching themselves to Wall Street to win business.  Matthew Rothman, deputy of quant strategies for Millennium, details the types of alt data producing alpha. How a star trader stood out by dominating a burger-eating contest early in her career.  Join Insider on June 24 at 1 p.m. ET for a live, exclusive webinar event in which three top financial services executives from Deutsche Bank, AllianceBernstein, and Accenture will break down how the future of work will look like as Wall Street gets back to the office. Sign up here to attend. 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.  Here's how AWS, Google Cloud, IBM, and Microsoft Azure are pitching themselves to finance firms in their fight to win Wall Street's business Check out the key strengths of all the public cloud providers, according to Melanie Posey, research director of cloud and managed services of 451 Research, an arm of S&P Global Market Intelligence. Here's how they stack up. JPMorgan's digital investing tools have amassed $55 billion in assets. Jamie Dimon says 'we don't even think it's a very good product yet.' JPMorgan's robo-advisor and self-directed investing products have $55 billion in assets, but CEO Jamie Dimon said there is still room for improvement. Here's what he said. A top Millennium quant lays out the 4 types of alt data that produce alpha and why it's so hard to find these days Millennium's quant-strategies deputy head said new alt data sets lacked long-term alpha generation. Here's the type of data he's more bullish on.  Deirdre Dunn started her career winning a hamburger-eating contest on the trading floor at Goldman Sachs. Now she's one of Wall Street's star traders at Citigroup. Dunn started out on the Wild West trading floors of the '90s. Now, as one of Wall Street's star traders, she co-runs Citi's rates division. Here, she shares her successes and challenges. Bank of America's former EMEA equities head is launching a hedge fund with $700 million. Here's what we know about London-based Como Capital. Julien Bahurel's fund, launching this fall, is expected to have a starting team of at least ten people. Here's what else you should know about the fund. JPMorgan's private-bank CEO is gearing up to go on a hiring spree to add 1,500 advisors. Here's why he's targeting talent in Florida and California. In order to reach clients who flocked to warmer climates during the pandemic, JPMorgan will base 45% of its new advisors in California and Florida. More on that here. Barclays has poached a Bank of America director to trade bonds in tech, media, and telecoms, as Wall Street's battle for credit talent rages on David Holliday resigned from Bank of America this week, where he was a director in investment-grade credit trading. Read up on his new position. New documents show how an investment fund lost millions backing a litigation finance firm that predicted big wins in Chinese courts Investors looking for high returns have poured at least $11 billion into litigation finance, but one top firm has predicted a loss of $41 million. Learn more here. Odd lots: Deutsche Bank Set to Reap $1 Billion on Trader's Freight Bet (Bloomberg) Apollo, Ares and Oaktree Team Up on Initiative to Lure Black Talent (WSJ) Loeb's Third Point Has Built Substantial Position in Vivendi (Bloomberg) Billionaire's Hedge Fund Offers Hefty Pay to Combat Talent Squeeze (Bloomberg) Ray McGuire Says New York City Doesn't Need a Politician as Mayor (WSJ) Morgan Stanley Alum Atwan Eyes $600 Million for New Firm VC Fuel (Bloomberg)           Was this email forwarded to you? SUBSCRIBE NOW     You received this email because you signed up to this Insider newsletter using the email: ipat39@gmail.com   Email preferences Unsubscribe TERMS OF SERVICE PRIVACY POLICY 1 Liberty Plaza, 8th Floor. New York, NY 10006