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☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Oxford-Cambridge boat race rowers warned to avoid water after E. coli find
▼ + stars: | 2024-03-28 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

To meet the UK Environment Agency’s inland bathing water quality standards, E. coli levels should be below 1,000 CFU per 100ml. “It would be terrific if the Boat Race drew attention to it. It also adds that rowers should refer themselves to a healthcare professional if they accidentally swallow river water. The guidance has been issued to both universities in briefing packs ahead of this weekend’s race, River Action said. The Oxford boat sinks after only half a mile, during the annual University boat race against Cambridge on March 24, 1951.

Persons: Sean Bowden, ”, James Wallace, coli, ” Feargal Sharkey, “, Sienna Somers Organizations: London CNN, Cambridge, CFU, Environment, Oxford, Thursday’s Telegraph, British Rowing, Rivers Trust, University, Keystone, Hulton, UK Environment Agency, Thames Water, BBC Locations: Oxford, London, United Kingdom, Hammersmith, England, floodwater, Thames

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Long-Term Effects on Your Credit ScoreBuilding a Positive Credit HistorySuccessfully obtaining a credit card and using it responsibly can have a positive long-term effect on your credit score. Diversification of Credit MixAdding a credit card to your financial portfolio can diversify your types of credit, which is a factor in credit scoring models. A single credit card application might lower your credit score by 5 to 10 points temporarily. Does getting denied for a credit card hurt your credit score?

☆ Joe Sharkey, Travel Writer Who Survived Midair Collision, Dies at 77
▼ + stars: | 2023-11-15 | by ( Sam Roberts | More About Sam Roberts | ) www.nytimes.com time to read: +1 min

The cause was a hypertensive stroke, said his wife, Nancy Sharkey, a retired Times editor. The executive jet managed to land safely at a remote military airport, but the Gol Linhas Aéreas commercial airliner it collided with did not have such a fortunate fate: It nose-dived to the ground, killing all 154 people on board. It was the deadliest civilian aviation accident in Brazil at the time. The collision prompted inquiries by Brazil’s military and by American transportation safety investigators. Both placed blame on air traffic controllers but never fully resolved who was at fault or why the planes were flying at the same altitude.

Persons: Joe Sharkey, Nancy Sharkey, Mr, Sharkey Organizations: The New York Times, Boeing, Business Jet, Embraer Locations: The, Brazil, Tucson, Ariz

☆ A Drop in American Gun Violence
▼ + stars: | 2023-11-01 | by ( German Lopez | More About German Lopez | ) www.nytimes.com time to read: +1 min

The smaller thingsThe national conversation about gun violence focuses on big federal policy ideas. Activists and pundits often speak about the need for a federal law enacting universal background checks or banning assault weapons. “But the idea is these kinds of regulations accumulate.”After all, America’s gun problem is rooted in easy access to firearms. But when these problems turn violent, quick access to guns makes that violence much more likely to become lethal. Anything that adds barriers to picking up a firearm in such moments reduces deaths, whether it’s incremental state policies or broader federal laws.

Persons: Sharkey, Kang, “, ” Sharkey Locations: Canada, Europe, Japan, U.S, America

☆ I bought a fixer-upper for a fraction of what I could afford. Now we have new floors and ceilings, and I'm thrilled to pay just $770 a month.
▼ + stars: | 2023-09-09 | by ( Sarah Sharkey | Avril Ayers | Read More | ) www.businessinsider.com time to read: +5 min

My husband and I bought a house in 2020, and we decided to stick to a mortgage payment of $700. Here's how we decided on how large of a mortgage payment we could afford. Why we kept our numbers conservativeBased on the 28% rule, our income could have supported a much larger mortgage payment. In my opinion, opting for a smaller mortgage payment than we could technically afford opened up more room for financial flexibility. Since closing three years ago, our mortgage payment has grown to around $770 per month.

Persons: we've, you'll, that's, homeownership Organizations: Service Locations: Wall, Silicon

☆ 25-year-old tried 23 side hustles before launching a company that brings in $354,000 a month—his No. 1 piece of advice
▼ + stars: | 2023-08-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

The platform, which Schwartz describes as "Etsy for software products," currently brings in roughly $354,000 per month, according to a CNBC Make It estimate. "You want to really orient yourself around a real problem that needs to be solved," Schwartz, 25, tells Make It. During high school, he and Zoub built sneaker bots, or pieces of software that nabbed limited-edition shoes faster than people who manually clicked "buy now." The company clearly solved a problem, but the co-founders didn't find the work creatively fulfilling. It solved a safety problem: Zoub patrolled online forums where people sold software, and found them rife with scammers and rip-off artists.

Persons: Steven Schwartz, Cameron Zoub, Schwartz, Jack Sharkey —, Mark Cuban, Cuban, Todd Wagner, Zoub, didn't, Whop, it's, Warren Buffett Organizations: Tesla, CNBC, Indiana University, Yahoo Locations: Whop

☆ The best and worst parts of being an NBC page: In the 70s, I worked with stars like Regis Philbin and Johnny Carson and was paid $1.90 an hour
▼ + stars: | 2023-08-22 | by ( Shelley Herman | ) www.businessinsider.com time to read: +9 min

I was an NBC page two weeks laterIt was 1976 and I was 20, still in college and clueless. Now in its 90th year, the NBC Page program is one of the most prestigious entry-level positions in the entertainment industry. I wish I could tell you there was one straight, surefire way to becoming an NBC page, but there isn't. My other friend Al got his NBC page job when the women who worked behind the scenes on "Wheel of Fortune" spotted him as a contestant on the show. She is the author of "My Peacock Tale: Secrets of an NBC Page."

Persons: Shelley Herman, Elvis Presley, pagedom, Janus, Jim Croce, Alice, Regis Philbin, Gene Rayburn, Chuck Barris, Peter Marshall, Neil, Al, Sandy, Johnny Carson, Pete, Julian Goodman, Chance, Hawkins, Roxanne, Don Rickles, Peter Isackson, C.P.O, Sharkey, Dinah, Johnny, Sid Caesar, Imogene, Sid, John Travolta, Diana Hyland, Jeff, Alfred Hitchcock, Hitchcock, Redd Foxx, Sanford, Son, Dick Clark, Freddie Prinze, Johnny Carson's, Harry Chapin, I've Organizations: NBC Studios, Service, Sears, Toyota, NBC Burbank, NBC, USC, Pasadena Civic Locations: Wall, Silicon, Burbank , California, Las Vegas, California, Pasadena

☆ These 2 friends started a sneaker side hustle at age 13—now their company brings in more than $354,000 a month
▼ + stars: | 2023-08-14 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

To Steven Schwartz, the side hustle was a necessity: He wanted rare Nike Kobe 7 Easter shoes, and his parents wouldn't pay for them. Now in their mid-20s, Schwartz and Zoub still work together, along with a third partner named Jack Sharkey. They're the co-founders of Whop, a tech marketplace that's like "Etsy for software products," Schwartz says. (Whop reviewed the estimate, but declined to offer specifics.) But Whop wasn't an overnight success.

Persons: Steven Schwartz, Cameron Zoub, Schwartz, Zoub, Jack Sharkey, They're, Whop, Peter Thiel, James Harden Organizations: Nike Kobe, Whop, CNBC

☆ A Florida teachers' union says DeSantis is using an 'extremist agenda' to 'censor' AP Psychology after the College Board said the course was 'effectively banned' through the state's 'Don't Say Gay' la
▼ + stars: | 2023-08-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

The College Board said that its AP Psych course is "effectively banned" under Florida state law. A Florida law bans talk of sexuality and gender in school — key topics in AP Psych. Ron DeSantis' administration is using an "extremist agenda" to "censor" AP Psychology after the College Board said the course was "effectively banned" through the state's parental rights law critics have called "Don't Say Gay." But, under DeSantis' law, teachers are prohibited from discussing gender identity and sexual orientation in school. "This attempt to censor the AP Psychology course is just one more example of the governor's extremist agenda," Spar said.

Persons: DeSantis, Ron DeSantis, Andrew Spar, —, Spar, Colin Sharkey Organizations: Board, Psych, Service, College Board, Florida Education Association —, The College Board, Florida Department of Education, The, Florida, College, International Baccalaureate, Association of American Educators Locations: Florida, Wall, Silicon

☆ Read the Notion pitch document e-commerce startup Whop used to raise its $17 million Series A
▼ + stars: | 2023-07-21 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Here's an exclusive look at the Notion document used by the startup during its fundraising process. Although fundraising in the creator economy has slowed over the last several quarters, Schwartz sees Whop as a pivot in the space. "Historically, the creator economy, at least up until maybe a year and a half ago, has been pictures and text content," Schwartz said. Instead of creating a fancy pitch deck to send off to investors, Whop's team built a deck using productivity software Notion. Check out the Notion document Whop used to raise its $17 million Series A:Note: The document Whop shared with Insider includes several redactions.

Persons: Steven Schwartz, Cameron Zoub, Schwartz, Whop's, Jack Sharkey, Zoub, Sharkey, Whop, Peter Thiel, Justin Mateen, VCs Josh Richards, Griffin Johnson Organizations: Facebook, Twitter, Insight Partners

If you plan to attend graduate school, it's important to understand the costs up front. As a graduate student, relying on grants, scholarships, and fellowships is better than taking out loans to pay for school. As you gear up for graduate school, it's time to find grants, scholarships, and fellowships to cover the cost. Example comparing school costs with and without grant and scholarship aidPaying for graduate school is often not as simple as finding a single grant to cover the entire cost. Alternative ways to pay for grad schoolGrants and scholarships aren't the only way to pay for school.

Persons: —, Trinity Owen, you'll Organizations: Service, Federal Student Aid, Fulbright, College Board

☆ Florida passes bill to prevent billionaires like Elon Musk and Jeff Bezos being sued if their mega-rockets kill or injure people
▼ + stars: | 2023-05-17 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Florida passed a bill protecting space companies in case of injury or death of a crew member. The bill comes as more billionaires are trying to make commercial space flight a reality. Passengers will have to sign a waiver stating they understand the risks of spaceflight before boarding a spaceship, the bill states. Jeff Sharkey, a lobbyist representing SpaceX, also stood in support of the bill at a March 26 hearing, per Florida Politics. Still, the bill doesn't abrogate space companies from all responsibility.

☆ Opinion | Death and the City
▼ + stars: | 2023-05-17 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +5 min

“Some have hypothesized that the rise in homicide rates is specifically a result of the June 2020 protests,” Chalfin and MacDonald wrote, but “theories about the role of the protests must contend with several challenges. The data also pinpoint the timing of the spikes to late May 2020, which corresponds with the death of George Floyd while in police custody in Minneapolis and subsequent anti-police protests — protests that likely led to declines in law enforcement. Although unemployment caused by Covid surged in April, there was little if any increase in murders at that time. That is the challenge that every city should be grappling with. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.

☆ Racial Disparities are worsening disaster recovery for people of color. With climate change, things could get worse
▼ + stars: | 2023-04-14 | by ( Lauren Lee | ) edition.cnn.com time to read: +13 min

Rolling Fork, Mississippi suffered massive damage from a powerful tornado on March 24. Racial disparities existed in Rolling Fork for decades. She started I-DIEM after spending over 14 years in disaster management. Shirley Stamps stands in the rubble of her home in the aftermath of the Rolling Fork tornado. And increasingly, non-profits are doing things differently to address racial disparities in disaster management.

☆ Biden declares emergency for Mississippi due to storm damage
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: 1 min

[1/2] An aerial view of destroyed homes after thunderstorms spawning high straight-line winds and tornadoes ripped across the state in Rolling Fork, Mississippi, U.S., March 25, 2023. REUTERS/Cheney OrrMarch 26 (Reuters) - U.S. President Joe Biden approved an emergency declaration for Mississippi on Sunday after a powerful storm tore across the state, killing at least 25 people there and one in Alabama. Biden ordered federal aid to supplement state, tribal and local recovery efforts in the affected areas, a White House Statement said. The funding will be available to affected people in the counties of Carroll, Humphreys, Monroe, and Sharkey, the statement said. Reporting by Jahnavi Nidumolu in Bengaluru Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

☆ How unusually mild weather prevented what could've been the first aircraft carrier battle since World War II
▼ + stars: | 2023-02-16 | by ( Sebastien Roblin | ) www.businessinsider.com time to read: +10 min

Argentine jets were poised to strike when the usually turbulent South Atlantic winds took a mild turn. Few of the half-dozen Argentine aviators expected to survive the attack, dubbed "Banzai Night" after the famous Japanese battle cry. Government of ArgentinaIronically, the Veinticinco de Mayo was originally a British carrier named the HMS Venerable launched by the Cammell Laird shipyard near the end of World War II. After a damaging boiler-room fire, the Karel was sold in 1969 to the Argentine Navy which extensively modernized and rebuilt the 25-year-old vessel. The Harrier and the Sea DartSea Harrier jump jets aboard HMS Hermes in the South Atlantic on May 1, 1982.

☆ As Tesla ignites an EV price war, suppliers brace for Musk seeking givebacks
▼ + stars: | 2023-02-01 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +5 min

"It is never good for suppliers when (automakers) cut vehicle prices because that pressure rolls downhill," said Dan Sharkey, an attorney who represents suppliers to Tesla and other automakers. Tesla's cost-reduction efforts come after it aggressively cut vehicle prices last month, prompting U.S. rival Ford Motor Co (F.N) to follow suit. More price cuts could be painful in a sector where some suppliers are already struggling, industry officials said. Tesla could negotiate cost reductions with suppliers through "shared" efficiencies or by simply twisting the suppliers' arms and taking some of their profit away, a former Tesla executive told Reuters. "They will get a lot of pushback from suppliers to cut costs," said industry consultant Laurie Harbour, who works with suppliers.

Depending on the loan type, lenders can repossess collateral or get repayment through other options. In other words, failing to keep up your end of a loan agreement can eventually push your loan into default. Even a short reprieve might give you enough time to get back on track with your loan payments. Loan type Standard amount of time until loan considered default Standard amount of time until nonpayment reported to credit bureaus Student loan 270 days 90 days Auto loan 30 days 30 days Personal loan 30 days 30 days Mortgage 30 days 30 daysQuick tip: The specific timeline of defaulting on a loan can vary based on the lender. As your default period stretches out, you may also rack up thousands of dollars in unpaid interest.

So I started saving up money by getting paid for chores around the house and putting any birthday money in my piggy bank. I also learned a lesson about money that I've carried into my financial choices as an adult. Instead of following in the footsteps of my friends, I decided that it was better to make money decisions on my own. As a kid, this meant spending money on my own unique interests and hobbies. I learned early on not to base my spending decisions based on what everyone else is doing.

We are diversifying our income streams, maintaining a robust emergency fund, and keeping our pantry fully stocked. But beyond our regular jobs, we are looking for new ways to diversify our income streams. Maintaining a robust emergency fundA robust emergency fund has always been the cornerstone of my financial plans. But if all of our income streams dried up, I do know that we'd have some time to figure out our next move. Beyond taking a careful look at our holiday spending, we've started to look for other ways to cut down on our costs.

There are many exceptions that may require you to keep your tax records for longer. Within three years, you can amend your tax return in order to claim a credit or refund. If the IRS has questions about your tax returns or wants to perform an audit, you'll probably be asked to produce your tax records. But of course, it is absolutely not recommended that you skip tax filing or intentionally commit fraud on your tax return. The bottom lineThe IRS clearly outlines the guidelines around how long you should keep your tax records.

☆ I kept my money in a standard savings account for an embarrassingly long time, but switching to high-yield took just 10 minutes and I'm so happy I did
▼ + stars: | 2022-09-27 | by ( Sarah Sharkey | Read More | Read Less | ) www.businessinsider.com time to read: +6 min

I put off switching my money into a high-yield savings account, but when I finally did it took 10 minutes. The Capital One 360 Performance Savings Account checked all of the boxes I was looking for with a high-yield savings account. Pros Check mark icon A check mark. No monthly service fee Check mark icon A check mark. Easy to save for various goals Check mark icon A check mark.

My parents made me save 50% of everything I receivedMy parents started teaching me to save money at a very young age. Pros Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. No fees Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark.

Persons: I've, —, isn't, wasn't, I'm Organizations: Service, Western Alliance, Mint, FDIC, Chevron

I've taken a few steps to help me reach financial independence sooner: I boosted my income, keep my lifestyle costs low, and save 50% of my income. For me, I've begun to pursue financial independence as a way to safeguard my future as a freelancer. The goal is to achieve a measure of financial independence that would allow you to step away from paid work permanently. But as I've worked for financial independence, I've built up financial resources along the way. As a freelancer, the peace of mind created with this financial safety net is priceless to me.

Persons: I'm, I've, —, what's, we've Organizations: Service, FIRE, Quicken

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