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Competition for buy-side jobs, including at private equity firms and hedge funds, can be fierce. Insider identified the 13 recruiting firms aspiring dealmakers and traders should know for a buy-side job. The buy-side hiring spree is expected to continue despite a slowdown in mergers and acquisitions — a cornerstone of private equity investing. BellCast Partners works with mega funds, middle market funds, infrastructure funds, impact funds, real estate private equity funds, sector-focused funds, sovereign wealth funds, family offices, and credit funds. Today it does searches in private equity, growth equity, distressed, credit, venture capital, hedge funds, family offices, and select investment banks.

Persons: headhunting, Brain O'Callaghan, John Arbolino, Arbolino, Amity, Pamela Esterson, Susanna Nichols, Nichols, Esterson, Danielle Caston Strazzini, Alison Bellino Johnson, BellCast, Caston Strazzini, Jill Pierce, Spencer Stuart, Pierce, —, Brian O'Callaghan, it's, Renee Hylton, Keith Mann, Josh Grauer, Grauer, Mann, Adam Zoia, Annette Krassner, Katie Cunningham, Sarah Armstrong, Cunningham, Armstrong, Anna Brady, Janelle Matthews, Beth Grossman, Brady, they've, Morgan Stanley Eleni Henkel, Henkel, Leah Trabich, HSP, Carlyle, Warburg Pincus, Adam Kahn, Kahn, Anthony Keizner, Keizner, Nina Swift, Marty Brady, Vedica Qalbani, Qalbani, Lindsey Mead, Jessica Wu, Michael Garmisa, SearchOne, Sheri Gellman, Gellman Organizations: Citadel, nab, Boothroyd, Co, Wall, Amity Search Partners, Palm Beach Staff, SG Partners, Bain Capital, Centerbridge Partners, Trian Partners, BellCast, Charlotte Staff, CPI, BellCast Partners, Investor Relations, Nashville, San Francisco, Wharton, Harvard, Stanford, New York Staff, Partners, San Francisco Staff, Los Angeles Staff, TPG, Thoma Bravo, Bessemer Venture Partners, EQT, Elliott, Equity, KKR, ICONIQ, Spectrum Equity, Henkel Search, Search Partners, New York, Oxbridge, Nashville Staff, Time Warner, Indiana University, SG Locations: New York, San Francisco, Austin, San Diego, Chicago, Los Angeles , New York, Phoenix, West Coast, Los Angeles, NYC, California, United States, Boston, Dallas, Atlanta, Columbia, Latin America, Asia, Europe, San Francisco , New York, Bay, Gold, Los Angeles , Greenwich, Nashville, Amity, South Florida

☆ Israeli President Works to Ease Tensions With U.S., Calling Bond ‘Irreplaceable’
▼ + stars: | 2023-07-19 | by ( Karoun Demirjian | ) www.nytimes.com time to read: +1 min

President Isaac Herzog of Israel used an address to Congress on Wednesday to try to smooth over fresh tensions between his country and the United States, appealing to American lawmakers to continue investing in the “irreplaceable” relationship even as he acknowledged problems at home that have strained that bond. And he elicited applause from both Republicans and Democrats as he lauded the vibrancy of Israel’s democracy and recalled the 75-year alliance with the United States. “We are proud to be the United States’s closest partner and friend,” Mr. Herzog told lawmakers. “When the United States is strong, Israel is stronger. It also appeared aimed at reassuring Israelis, who have taken to the streets by the thousands to protest Mr. Netanyahu’s policies, that the country still values its democratic, pluralistic legacy.

Persons: Isaac Herzog of Israel, Herzog, Abraham, ” Mr, Benjamin Netanyahu’s Organizations: shepherding, Abraham Accords, Republicans, Democrats, Israel Locations: United States, Israel

Instagram's headcount is looking a bit smaller after layoffs, but it has a hit new app in Threads. Insider is highlighting 14 top executives at Instagram in 2023. Instagram's partnerships org, which handles relationships with public figures, creators, and brands, is also in for a massive overhaul, after cuts in May slashed many roles. Charles Porch will continue to lead Instagram's partnerships team as VP. Insider has compiled a list of 14 top executives at Instagram who lead teams from product marketing to diversity and inclusion.

Persons: Adam Mosseri, It's, Meta, Instagram, Tessa Lyons, Instagram's, Nick Grudin, Justin Osofsky, who's, Charles, Eva Chen, shepherding, he'll Organizations: Instagram, Meta, Dapper Labs Locations: London

Top executives, like the head of Instagram Adam Mosseri, will be paving the app's way forward. Insider is highlighting 14 top executives at Instagram in 2023. As Instagram enters a new era, who else is among the most influential executives shaping the app? Insider has compiled a list of 14 top executives at Instagram who lead teams from product marketing to diversity and inclusion. Here are 14 top executives to know at Instagram in 2023:

Persons: Adam Mosseri, Meta, Instagram, Tessa Lyons, Instagram's, Nick Grudin, Justin Osofsky, who's, Charles, Eva Chen, shepherding, he'll Organizations: Instagram, Meta, Dapper Labs Locations: London, Barcelona

☆ Potential Olympics sponsorship deal tests LVMH heir Antoine Arnault
▼ + stars: | 2023-06-14 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Discussions on the Olympics deal, being negotiated by Antoine, revolve around promotions focused on LVMH as a group, its two biggest fashion labels - the Louis Vuitton and Dior brands - as well as champagne. However, the behind-the-scenes role of the oldest of Arnault’s four sons, Antoine, hasn't been widely known. Although Antoine Arnault's work shepherding LVMH's sponsorship of the Olympic Games is taking place behind closed doors, the outcome would be highly public. Steve Martin, global CEO of M&C Saatchi Sport & Entertainment, said that while LVMH is already associated with France, a formal sponsorship of the Olympics would help to further differentiate LVMH from luxury rivals. “If we get involved it would be to help out,” LVMH fashion group CEO Sidney Toledano told Reuters.

Persons: Antoine Arnault's, Antoine Arnault, Bernard Arnault's, Bernard Arnault’s, Delphine Arnault, Dior, Antoine, Louis Vuitton, Bernard Arnault, hasn't, Tony Estanguet, Cristiano Ronaldo, Lionel Messi, ”, Steve Martin, LVMH, Martin, Sidney Toledano, –, we’re, Toledano, Mimosa Spencer, Sharon Singleton Organizations: Deal, Dior, FIFA, Olympic, Saatchi Sport & Entertainment, Olympic Games, Reuters, Thomson Locations: PARIS, LVMH, Paris, France, Qatar, Atlanta, London

NEW YORK, June 12 (Reuters) - JPMorgan Chase (JPM.N) agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein's victims, resolving a large part of litigation over the bank's relationship with the disgraced financier. Monday's settlement came 3-1/2 weeks after Deutsche Bank (DBKGn.DE), where Epstein was a client from 2013 to 2018, agreed to pay $75 million to end a similar lawsuit by Epstein victims. "A settlement with Epstein's victims frees JPMorgan to begin to turn the page and change the narrative." The $290 million settlement amount was confirmed by David Boies, a lawyer for Epstein's victims. Last month, Rakoff said JPMorgan could be liable to Epstein's victims if they could show Staley had firsthand knowledge that Epstein ran a sex-trafficking venture.

Persons: JPMorgan Chase, JPM.N, Jeffrey Epstein's, Epstein, Jane Doe, Carliss Chatman, Chase, Temin, Jed Rakoff, JPMorgan, Adam Zimmerman, David Boies, Sigrid McCawley, Morgan Chase, Mike Segar JPMorgan, Jes Staley, shepherding, Staley, Rakoff, Jamie Dimon, Ghislaine Maxwell, Maxwell, Chatman, Mary Erdoes, Stephen Cutler, Dimon, Cutler, Jeffrey Epstein, Erdoes, Nupur Anand, Lananh Nguyen, Saeed Azhar, Luc Cohen, Jonathan Stempel, Tatiana Bautzer, Megan Davies, Alexander Smith, Grant McCool, Lisa Shumaker Organizations: YORK, JPMorgan, Washington, Lee University School of Law, U.S, Deutsche Bank, University of Southern, Co, New York City, REUTERS, U.S ., Barclays, U.S . Virgin, Thomson Locations: U.S, Manhattan, Virginia, University of Southern California, New York, U.S . Virgin Islands

☆ Some delivery workers biked 50 miles in the thick of the NYC wildfire smog: 'It's an ominous feeling'
▼ + stars: | 2023-06-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Wood bikes an average of 40 to 50 miles a day shepherding food and other products to people's doorsteps. The next day, he woke up and did another full day of work outside, despite the city's record-setting poor air quality and a noticeable toll on his lungs. You have to be willing to work in the weather conditions that nobody else wants to work in," Wood says. Delivery workers are among the many kinds of jobs that require outdoor labor. Construction workers, landscapers and highway maintenance laborers, for example, have to spend the majority of their day outside, according to the Bureau of Labor Statistics.

Persons: Josh Wood, Uber, Wood, doorsteps, It's, Ligia Guallpa Organizations: Empire, CNBC, Unidos, Workers ' Justice, Deliveristas Unidos, Bureau of Labor Statistics Locations: Canada, New York City, midtown Manhattan, York City, New York, landscapers

DeSantis chided Trump for not yet taking a position on the deal that President Joe Biden and Speaker Kevin McCarthy struck to raise the debt ceiling and impose some spending cuts. Collision course: The two GOP hopefuls from South Carolina, Haley and GOP Sen. Tim Scott, are facing an “inevitable collision” in the early primary state, the Post and Courier reports. No thanks: GOP Rep. Warren Davidson has decided not to run for Senate in Ohio, Cleveland.com reports. The Salt Lake Tribune reports that Utah Republican Rep. Chris Stewart plans to announce his resignation from Congress as early as Wednesday, a move that, per the Deseret News, could mean the seat remains vacant until next year. Bowing out: Ohio Republican JR Majewski is ending his congressional bid citing his mother’s forthcoming heart procedure, Politico reports.

Persons: Ron DeSantis, Donald Trump, Dasha Burns, Gabe Gutierrez, Abigail Brooks, Bianca Seward, DeSantis, Trump, Joe Biden, Kevin McCarthy, ” DeSantis, Sen, Tim Scott, Nikki Haley, Vivek Ramswamy, “, Mike Pence, doesn’t, Asa Hutchinson, McCarthy, Matt Dixon, Dixon, Haley, GOP Sen, Chris Christie, LIV, Ramaswamy, Gitcho Goodwin, Warren Davidson, Gloria Johnson, Marsha Blackburn, State Shirley Weber, Barbara Lee’s, Andy Beshear, Chris Stewart, Ohio Republican JR Majewski, Majewski, Marcy Kaptur Organizations: Florida Gov, NBC, Hawkeye State, Trump, U.N, ” Biotech, White, Arkansas Gov, MSNBC, Republican, Facebook, Google, federal, PAC, Federal, GOP, Post, Courier, Former New Jersey Gov, Saudi, LIV Golf, Politico, Chattanooga Times Free Press, State, Democratic Rep, Republican Governors Association, Kentucky Democratic Gov, Salt Lake Tribune, Utah Republican, Deseret, Ohio Republican JR, Democratic Locations: Florida, Iowa, Washington, Arkansas, South Carolina, Ohio, Tennessee, California, Kentucky, Salt

☆ Column: Germany energy transition faces key chemical sector conundrum
▼ + stars: | 2023-05-31 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

However, Germany is also home to Europe's largest chemicals sector which churns out plastics, paints, acids and other key inputs that are critical to manufacturers and heavy industries that form the backbone of the German economy. Sharply lower business activity also caused a drop in chemicals consumption last year, but as economic activity recovered in 2023 a lingering shortage of key chemical products has pushed German chemicals prices to near record premiums over those supplied by other producers. DAMAGE DONEThe sustained high prices of German chemical products over international rivals have two important damaging consequences. If the German chemicals sector is to ensure its own long-term future, it must somehow win back any business lost among commodity manufacturers by driving product prices steadily lower relative to rival offerings. On its own, the chemicals sector may struggle to both cut costs and clean up its own product lines and emissions footprints.

Persons: Gavin Maguire, Christopher Cushing Organizations: German Chemicals Association, Reuters, Thomson Locations: LITTLETON , Colorado, Germany, Europe, South East Asia, Polymerupdate, United States

☆ Salesforce delivers a quarterly beat and raise, showing Benioff can deliver on profitability
▼ + stars: | 2023-05-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

The small beat and raise are prompting some profit-taking, resulting in shares falling roughly 6% after hours Wednesday, to around $210 apiece. The best way to offset sluggish revenue growth is by driving profitability higher and Salesforce stepped up to the task. Quarterly Commentary We are pleased to see Salesforce beat across so many key metrics, despite the challenging macroeconomic environment. Although the company left its revenue prediction unchanged, at $34.5 billion to $34.7 billion, the company expects its profitability will come in better than previously anticipated. Marc Benioff, co-founder and CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington, DC, on Oct. 18, 2019.

Persons: Refinitiv ., Salesforce, Marc Benioff, Einstein, Slack, Jim Cramer's, Jim Cramer, Jim, Nicholas Kamm Organizations: Salesforce, CNBC, Economic, Washington, AFP, Getty Locations: Americas, Europe, Africa, Asia, Washington ,

However just ahead of the expected call between Biden and McCarthy, Republican deal negotiator Patrick McHenry told reporters "major disagreement" remained between his party and Biden's Democrats. That's what we've offered with our approach to raising the debt ceiling, with work requirements for able bodied folks to get back in the workforce. The two sides have tentatively reached an agreement that would raise the debt ceiling by enough to cover the country's borrowing needs through the November 2024 presidential election. Republican Representative Dan Bishop reacted with anger to the idea of extending the debt ceiling through the next presidential election. A failure by Congress to raise its self-imposed debt ceiling before June 5 could trigger a default that would shake financial markets and send the United States into a deep recession.

The two sides have tentatively reached an agreement that would raise the debt ceiling by enough to cover the country's borrowing needs through the November 2024 presidential election. It would boost spending on the military and veterans' care, and cap spending for many discretionary domestic programs, according to sources familiar with the talks. McCarthy said Republicans were also still pushing for reforms to energy permitting, including making it easier to drill for gas and oil. Republican Representative Dan Bishop reacted with anger to the idea of extending the debt ceiling through the next presidential election. A failure by Congress to raise its self-imposed debt ceiling before June 5 could trigger a default that would shake financial markets and send the United States into a deep recession.

☆ Companies are learning that Gen Z isn’t the easiest generation to work with
▼ + stars: | 2023-05-26 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +3 min

By 2025, Gen Z will account for one-third of the workforce, according to the World Economic Forum. Companies need to refine their approach to working with Gen Z, Salinas said, and tech tools like ChatGPT and social media like TikTok could help make them successful. In return, Gen Z can provide companies with indispensable knowledge of social media and newer artificial intelligence tools like ChatGPT. "A lot of companies see culture as a secondary thing," Salinas said, but with Gen Z it is front and center. "Self-care, mental health, and global issues are important to them and, if it isn't a part of your company culture, that's a huge turnoff to Gen Z employees."

☆ Janet Yellen on the U.S. Economy
▼ + stars: | 2023-05-24 | by ( ) www.wsj.com time to read: 1 min

Nancy Pelosi on Crafting a Career With PurposeIn 35 years on Capitol Hill, the former top Democrat made history as the first female speaker of the House, shepherding the Affordable Care Act and passing the biggest climate bill to date. She discusses her path to the top and advice for women in any occupation.

☆ Two strangers met on the River Nile. They’ve been married for 25 years
▼ + stars: | 2023-05-05 | by ( Francesca Street | ) edition.cnn.com time to read: +22 min

Since meeting as colleagues on a Nile tour boat, Christina, from the UK, and Wahid, from Egypt, had spent every moment they could together. Christina KandilOn her first night in Egypt, Christina introduced herself to the Kimo’s crew. On her second evening in Egypt, Christina found herself sitting next to Wahid outside one of the Kimo’s cabins. “And then Christina came, and I fell for her.”At first, Wahid didn’t tell Christina about this very recent ex-girlfriend. It’s now over 25 years since Christina and Wahid fell in love as twentysomethings on the River Nile.

☆ An explosion of hidden 'junk fees' is making every home more expensive
▼ + stars: | 2023-05-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

The fee goes by many names: an administrative fee, a transaction fee, or even a "regulatory compliance" fee. Despite the controversy, all signs indicate that brokerages large and small have increasingly embraced the admin fee in recent years. The vast majority of real-estate agents are independent contractors who rely on commissions to earn a living. Admin fees may be one of the most polarizing topics among real-estate agents today. "I'm in a place in my business right now where I can justify paying that," the Las Vegas agent told me.

☆ Real estate agents are tacking ludicrous 'junk fees' on to every home purchase
▼ + stars: | 2023-05-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

☆ NBCUniversal CEO Jeff Shell exits after an 'inappropriate relationship,' shocking insiders, and Comcast won't rush to replace him as corporate exec Mike Cavanagh steps up
▼ + stars: | 2023-04-24 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +5 min

NBCUniversal CEO Jeff Shell's exit shocked company insiders and all of Hollywood. NBCUniversal CEO Jeff Shell's bombshell departure on Sunday night was a surprise to the well-regarded executive and also to his closest colleagues. Deadline reported that Shell's relationship was with CNBC's senior international correspondent, Hadley Gamble, which lasted 11 years but had ended a couple of years ago. "Comcast is as buttoned-up and straight as ever — this is a black eye for Brian Roberts," the Comcast CEO. A second company insider, however, said that Cavanagh is expected to remain in the role for some time.

☆ Big bank earnings season is over. Here's how our stocks stack up against peers
▼ + stars: | 2023-04-23 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Big bank earnings are behind us. Investment banks Goldman Sachs (GS) and Club holding Morgan Stanley (MS) are the two pure-play investment banks we care about. Third place was tight, but the combination of better earnings growth and a significantly better ROTCE made Bank of America (BAC) the better performer. Sizing up bank valuations Morgan Stanley is currently trading at a premium at 13.7 times forward earnings, compared to 10.3 for GS. Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014.

☆ How two of North America's richest families came together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp., Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Why two of North America's richest families are coming together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp, Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ A Christian school that 'celebrates childhood' becomes killing scene in Nashville
▼ + stars: | 2023-03-27 | by ( Sharon Bernstein | ) www.reuters.com time to read: +2 min

[1/4] A child weeps while on the bus leaving The Covenant School, following a mass shooting at the school in Nashville, Tennessee, U.S. March 27, 2023. Nicole Hester/USA Today Network via REUTERSMarch 27 (Reuters) - The 200 young children enrolled at The Covenant School, a private Christian elementary school in Nashville, start each day with chapel, and study the Bible twice a week. "The beauty of a PreSchool-6th school is in its simplicity and innocence," the introductory paragraph of the school's website reads. The carnage made a stark and horrible contrast to the images of everyday life on the school's website and Facebook page. The private elementary school is affiliated with Covenant Presbyterian Church, part of an evangelical movement that branched off from the more liberal Presbyterian Church in 1981.

☆ The Rise of Jazz Singer Samara Joy
▼ + stars: | 2023-03-21 | by ( ) www.wsj.com time to read: 1 min

WASHINGTON — Sen. Debbie Stabenow, D-Mich., announced Thursday that she won't seek re-election in 2024, setting the stage for a competitive Senate race in a key battleground state during a presidential election year. Garlin Gilchrist, Secretary of State Jocelyn Benson, Attorney General Dana Nessel and state Sen. Mallory McMorrow, who gained a national following last year after going viral with her pushback against anti-LGBTQ rhetoric. Stabenow has served in the Senate since 2001 and previously served in the House from 1997 until her career began in the upper chamber. She holds several Democratic leadership roles including Senate Democratic Policy Committee chair and chair of the Senate Agriculture Committee. She has served alongside Sen. Gary Peters, D-Mich., since he came to Congress in 2015.

☆ Miami Mayor Francis Suarez tapped several people close to Elon Musk to urge him to relocate Twitter out of San Francisco: 'They belong here'
▼ + stars: | 2022-12-28 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

Miami Mayor Francis Suarez wants Twitter to relocate from San Francisco to Miami. He told Insider he has reached out to people close to Twitter CEO Elon Musk. Suarez publicly urged Twitter to move its headquarters to Miami by tweeting the suggestion to CEO Elon Musk at the beginning of December. Suarez, 45, is a Republican but the office of the Miami mayor is considered nonpartisan. As CEO of Twitter, Musk has promised to unleash free speech.

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