Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today: 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. As the home-insurance startup prepares to go public via a SPAC, we did a deep dive on Hippo's recently filed S-4. From its use of AI for pricing and risk management to its approach to regulators, this is everything you need to know ahead of its public debut. Here are the filing's five key takeaways. With stocks like Tesla and GameStop moving violently throughout 2021, volatility traders are in high demand. For Jane Street, that means nabbing Aaron Katzman, a Barclays MD, who will join as a single-stock options trader. Read more about his move. Fidelity's $110 billion Contrafund holds stakes in some of the biggest private companies in the world. We took a deep dive into how the fund values its stakes, and how it has changed since last year. Here's what we found. Evercore is opting to start incoming summer analysts off virtually. But the boutique bank mentioned the possibility of some optional, in-person experience, if conditions permit. Get the lowdown here. Jeffries Financial Group is the latest Wall Street firm to announce a virtual summer internship. Get the details. We've also assembled a list investment banks' and hedge funds' summer internship plans. It's available here. Wilson has worked at Balyasny since 2019, joining after nearly a decade at Ken Griffin's Citadel. Read more here. Arora has been at Citi since 1988 and previously led a fintech investment portfolio within the markets and securities services group. We've got the full memo announcing his appointment. Deputy general counsel Rick LeBrun is taking on a role in Pimco's alternatives unit. Meanwhile, Nadia Zakir has been named deputy GC and Sung-Hee Suh as chief compliance officer. Read more about the moves here. Odd lots: |
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