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☆ The Wall Streeters whispering in Trump's ear
▼ + stars: | 2024-11-08 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +1 min

Trump's transition team is turning to Wall Street titans for advice on key economic appointments. Howard Lutnick, transition team co-chair and bank CEO, is turning to friends for advice. Wall Street is eager to have its opinion heard. AdvertisementTrump's transition team did not respond to Business Insider's request for comment. Here are some of the key players with Wall Street connections now offering advice to the Trump administration:

Persons: Howard Lutnick, Scott Bessent, Gary Cohn, John Paulson, —, Donald Trump, Cantor Fitzgerald, Lutnick, Trump Organizations: Wall Street titans, Service, Wall Street, Wall Locations: New York

☆ JPMorgan is boosting its junior-banker ranks
▼ + stars: | 2024-10-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned. The fourth quarter is usually a slow period of hiring for investment banks. JPMorgan Chase is in the midst of an off-cycle hiring spree for junior investment bankers, according to people familiar with the bank's recruitment efforts and its online jobs board. AdvertisementAs Business Insider previously reported, JPMorgan recently said it would cap junior bankers' weekly work hours to 80 per week, with key exceptions. It also created a new HR role specifically to oversee the "well-being" of junior bankers.

Persons: —, JPMorgan Chase, headhunter, Wall, Banks, there's, Jamie Dimon, wasn't Organizations: JPMorgan, Service, IPOs, Bank of America, WSJ

☆ A boomer left Florida to live on a sailboat on the French Riviera. He says it's cheaper and calmer than the US.
▼ + stars: | 2024-08-09 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Doug, 68, has worked for the last 40 years as a computer consultant — the last three from his sailboat traversing Europe. They now live on their boat on the French Riviera, which Doug said is cheaper than living in the US. He decided to buy a sailboat and sailed to Fort Lauderdale shortly after 9/11, where Doug continued to work with Fortune 500 clients. Settling on the French RivieraThey sailed for France the following April, stopping in countries such as Malta and Tunisia. Six months later, they settled in Port Grimaud on the French Riviera, where they paid $15,000 a year in marina costs in "rent."

Persons: He's, Doug, he's, We'll, we're Organizations: Service, Business, Michelin, Fortune, America, Port Montenegro Locations: California , Texas , Indiana, Massachusetts, Provence, Italy, Boston, California, Dallas, Indianapolis, Maine, New England, Fort Lauderdale, Florida, Caribbean, Europe, South America, Genoa, Dubrovnik, Croatia, Corsica, France, Elba, Sardinia, Sicily, Bari, London, Istanbul, Vienna, Budapest, Hungary, Port, Tivat, Montenegro, Cairo, Athens, Greece, Malta, Tunisia, Port Grimaud, Grimaud, Saint, Majorca, Spain, Lisbon, Portugal, Beijing, Shanghai, Xian, China

☆ Insider Today: Wall Street recruiting hell
▼ + stars: | 2024-06-30 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Become an Insider and start reading now. One senior partner at McKinsey told Business Insider that helping clients use generative AI might become most of the firm's work in the future. Alexsl, Tovovan/Getty Images, Abanti Chowdhury/BIGoogle's Gen Z studyResearchers at Jigsaw, a subsidiary of Google, unearthed alarming findings about Gen Z's internet habits. W6/Getty Images; Jenny Chang-Rodriguez/BIPE "Hunger Games"Private equity's annual recruiting process kicked off earlier than ever this year, sending young bankers into a frenzy.

Persons: —, Jenny Chang, Rodriguez, They're, Goldman Sachs, Ashley Kostial, Taylor Glascock, She's, Alberto Miranda, Pong, It's, Abanti Chowdhury, Gen Z, influencers Organizations: Service, Business, Software, Venture, Consulting, McKinsey, SAP, BI, Aetna, Cognition, NFL, Google, Getty Locations: New York City, America, Silicon Valley

☆ The Everything Guide to Partying (Without Regrets)
▼ + stars: | 2024-06-21 | by ( George Gurley | Carson Griffith | ) www.nytimes.com time to read: +22 min

And don’t ask who else is coming. Romilly Newman, chef, food stylist, social media personality Don’t bring a guest to a seated dinner. Raul Tovar/Houses & Parties Rebecca Gardner Please don’t ask people to take off their shoes when entering your apartment. Bronson van Wyck Gosh, I don’t think you can avoid certain topics in 2024. But don’t think you’re décor.

Persons: Ivy Getty, Rufus Wainwright, We've, Lang Phipps, Kate Upton, Illa Gaunt, Rebecca Gardner, William Laird, Sarah Harrelson, Jen Rubio, Jason Sean Weiss Sarah Harrelson, Alex Hitz, Ariel Arce, Larry Milstein, Eat, Maneesh, “ I’m, Wes Gordon, Lizzi Bickford, Smile, Tefi Pessoa, Daisy Prince, There’s, “, Kristy Hurt, headhunter, Kendall Werts, Don’t, Jorn Weisbrodt Rufus Wainwright, Harry Hurt III, Liz Lange, Athena Calderone, Jennifer Gilbert, Kyle Hotchkiss Carone, it’s, you’ve, you’re, ”, Krista Schlueter, The New York Times Molly Jong, Gary Jackson Bronson van, —, Laila Gohar, Susan Gutfreund, it’ll, Josh Flagg, somebody’s, Bronson van Wyck, Max Tucci, Sara Ruffin Costello, David Sedaris’s, Steven Badius, Kyle Hotchkiss, Kendall Werts “, It’s, Truman Capote, Jennifer Gilbert Don’t, Romilly Newman, Raul Tovar, don’t, Emily Post, ” They’re, Jobe, Lela Rose, ” Lizzi Bickford, Paloma Sandoval, Elsie Richter, Whitney, I’m, Zibby Owens, Molly Jong, That’s, Yana Paskova, The New York Times Harry Hurt, Elise Taylor, Francis Hauert, Doris Hauert, Jana Platina, Plum Sykes, Putin, Julie Reiner, Karsten Moran, Jennifer Gilbert I, Ken Fulk, Nobody, Giselle, Emma Gwyther, The New York Times Kendall Werts, Sedi, Nikki Haskell, Andy Warhol, Richard Weisman, Patricia Altschul, Amy Sacco, Hunter McRae, The New York Times Patricia Altschul, Dorothy Parker, Joey Wolffer Joey Wölffer, they’re, now’s, Rufus Wainwright I’m Organizations: Yorker, The New York Times, Trump, Biden, The New York, Google Locations: Converse, Uggs, Gardens, East Hampton, N.Y, New York, Gary Jackson Bronson van Wyck, we’ll, Delmonico’s, Europe, stow, someone’s, New Hampshire, Ukraine, Israel

☆ Jamie Dimon says a BofA banker's untimely death sparked questions inside JPMorgan: 'What can we learn?'
▼ + stars: | 2024-05-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

At the time, Dimon said, the priority was to understand "what we do know, what can we learn from it." Dimon's comments come as the investment-banking industry grapples with the surprising deaths of not one but two deaths at BofA this month. "We're aware of these stories, and they are tragic and incredibly sad," Rohrbaugh continued, calling it the "job" of bank leaders to look after employees' health on the job. AdvertisementCurrent and former employees at BofA told Business Insider that 100-hour workweeks were not unusual at the bank. Earlier this month, a BofA spokesperson told BI of Lukenas' passing: "We are very saddened by the loss of our teammate.

Persons: Jamie Dimon, JPMorgan Chase, Leo Lukenas III, Robin Leopold, Dimon, Troy Rohrbaugh, Rohrbaugh, Lukenas, headhunter Douglas Walters, Adnan Deumic, cardigan, Reed Alexander Organizations: Service, JPMorgan, Bank of America, Business, New York, Medical, BofA, Reuters, GrayFox, Bloomberg, Wall Locations: America's, BofA, London

☆ 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

☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ 10 things you should be negotiating every time you land a job offer, according to ex-Microsoft HR VP
▼ + stars: | 2024-05-02 | by ( Chris Williams | ) www.businessinsider.com time to read: +7 min

Read previewAs a 40-plus-year veteran of the corporate world and the former VP of HR at Microsoft, I've seen a lot of people successfully negotiate their job offers. They want youThe most important thing to understand in the job hunt is that by the time you see an offer, they want you. They've made the offer a little slimmer than they expect to end up because they know there will be movement. It's not all about base payWhen most people think about negotiating a job offer, they often think about base pay, or the salary or hourly rate. So negotiate that job offer, and get what you deserve.

Persons: —, I've, They've, you've, It's, you'll, hasn't, they'll Organizations: Service, Microsoft, Business, Companies

☆ This first-time mom landed her dream C-suite job while pregnant—and almost said no. What changed her mind
▼ + stars: | 2024-04-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Nada Noaman became a C-Suite leader at The Estée Lauder Companies just weeks after learning she was pregnant with her first child. When Nada Noaman landed her dream C-suite job at The Estée Lauder Cos. just hours after finding out she was pregnant, she felt unbridled joy — and panic. Nada Noaman at a baby shower her co-workers threw for her right before she went on maternity leave in December 2022. Estée Lauder offers full-time corporate employees in the U.S. up to 20 weeks of paid parental leave at their normal pay. "Having a solid support system at work and having a clear game plan months ahead of time made all the difference."

Persons: Nada Noaman, Lauder, Lauder Cos, …, Noaman, Estée, didn't, —, Michael Smith, Estèe, Estée Lauder, Smith, Noaman's, Estèe Lauder, Nada Organizations: Lauder Companies, U.S Locations: New York, Los Angeles, U.S

☆ How a boutique bank that rode last year's healthcare M&A streak into the big leagues plans to continue to compete with the JPMorgan's of the world
▼ + stars: | 2024-03-13 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

It was more than double the value of the next-largest deal, a Japanese healthcare merger that clocked in at $22 billion. And, for its part, Seagen tapped advisors at two boutique firms: Centerview and MTS Health Partners. "We want to be the preeminent healthcare bank. Last year, during a healthcare M&A boom that's expected to continue this year, the bank onboarded 14 new staffers, including the partners, a company spokesperson said. Advertisement"We are absolutely in growth mode looking to have high-quality bankers who are capable of generating business off of this platform without all the accoutrements of a big bank," Weisenfeld continued.

Persons: Seagen, Andrew Weisenfeld, Goldman Sachs, Morgan Stanley, Dealogic, Weisenfeld, —, Curtis Lane, Bear, Daun Chung, Ryan Stewart, Reed Alexander Organizations: Service, Pfizer, Guggenheim, Centerview, MTS Health Partners, MTS, Goldman, JPMorgan, Bank of America, Partners, CTI, New, Bear Stearns, London Stock Exchange, Seagen, Medicines, Novartis, Chase Securities, Health Partners, Guggenheim Securities, Triple, SVB Securities, Solomon Partners, Citigroup Locations: Wall, New York City, Seattle

☆ An old hedge-fund strategy is taking off again. Why hedge funds from multi-strats to new launches are ramping up their alpha capture efforts.
▼ + stars: | 2024-03-07 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

Alpha capture strategies take inputs from sources like human traders, market data, sell-side research, and more and then use a systematic process to create a portfolio that is efficiently sized and hedged. CenterBook uses trading data from dozens of external firms to create its portfolios, while Norias will create its book off the ideas of its fundamental analysts. Meanwhile, Man Group is building out an alpha capture team within its AHL unit's special strategies team, a recent job posting states, and Squarepoint is doubling its team, finding external managers for its buy-side alpha capture program. "It is a way for them to increase their capacity and take in more assets," said Kevin Lyons, senior investment manager at Abrdn, about the largest platforms growing their internal alpha capture capabilities. AdvertisementThe alpha capture OGIt can all be tied back to the success of the original mainstream alpha capture strategy: Marshall Wace's TOPS, which stands for Trade Optimized Portfolio System.

Persons: —, Marshall Wace, Doug Haynes, Norias, Basil Qunibi, Squarepoint quant Warren Touwen, Merrill Lynch, Squarepoint, Touwen, Kevin Lyons, Marshall, Anthony Clarke, Cameron Hight, Hight, it's, headhunter Organizations: Service, Business, CenterBook Partners, Research, Investors, AHL, TOPS Locations: Austin, Abrdn, London

☆ I found love on LinkedIn. What began as semi-flirtatious messages grew into 9 years of marriage.
▼ + stars: | 2024-02-23 | by ( Katie Ortman Doble | ) www.businessinsider.com time to read: +11 min

Katie Ortman Doble is a headhunter who uses LinkedIn like a digital Rolodex. Katie Ortman DobleNick invited my sisters to go ring shopping with him shortly after we celebrated one year of dating. Katie Ortman DobleWe never gave up hopeWe spent our 30s in fight or flight mode, but we never gave up hope. Katie Ortman DobleWe both maintained our careers, although I did take a much-needed break from my job and LinkedIn networking in 2019. Katie Ortman DobleUnexpected connections can end up sustaining usThis week, Nick and I celebrate nine years of marriage.

Persons: Katie Ortman Doble, Nick, Katie, —, I'm, It's, That's, Katie Doble, claret, me claret, Katie Ortman Doble Nick, She's, Kimi, Katie's, Tommy, Katie Ortman, Alice, Zhang Organizations: Service, LinkedIn, Denver, West Ham United, Memorial Sloan Kettering, MSK, University of Pittsburgh Medical Center, NED Locations: Denver, Downtown Denver, West, Manhattan, Moher, County Clare, Ireland, Pennsylvania, NED, janezhang@insider.com

A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

☆ I worked in Amazon HR and was 'disgusted at what I was seeing' with performance improvement plans. Then I got put on a PIP and knew I had to quit.
▼ + stars: | 2023-11-26 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

A former HR staffer at Amazon put employees on a performance-improvement plan known as Pivot. Then the HR staffer, who said they developed PTSD from the work, was put on their own PIP. Either the Pivot appeal or the Pivot work that workers' managers had to do. And look, I'm not going to say you're going to ever find this somewhere, locked down in words. AdvertisementI have PTSDI was disgusted at what I was seeing with the Pivot process.

Persons: —, I'm, Pivot, it's, wasn't, I'd, I've, everybody's, didn't, Let's, Margaret Callahan Organizations: Amazon, Service, Business Locations: United States

☆ Russian recruiter Headhunter offers shareholders buyback after Nasdaq delisting
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: 1 min

A job seeker walks past a sign of the Headhunter recruitment site at a local job fair in the southern city of Stavropol, Russia October 25, 2017. REUTERS/Eduard Korniyenko/File Photo Acquire Licensing RightsMOSCOW, Nov 1 (Reuters) - Russian recruiting agency Headhunter said it had offered holders of its ordinary shares and American Depositary Shares (ADSs) held outside Russia's depository infrastructure the chance to sell back their holdings or exchange them for newly issued shares. Headhunter was previously listed on the U.S. Nasdaq exchange, but its shares were suspended soon after Moscow despatched troops to Ukraine in February 2022, and subsequently delisted. Reporting by Reuters; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Eduard Korniyenko, Headhunter, Kevin Liffey Organizations: REUTERS, Rights, U.S, Nasdaq, Reuters, Thomson Locations: Stavropol, Russia, Moscow, Ukraine

☆ Almost half of Russians say salary does not cover basic spending - survey
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Evgenia Novozhenina/File Photo Acquire Licensing RightsMOSCOW, Oct 23 (Reuters) - The number of Russians who say their salary does not cover basic spending has jumped by 20 percentage points in two years to almost half, a survey by recruiter Headhunter showed, as Moscow diverts record fiscal resources to funding its war in Ukraine. Asked whether their salary was enough to cover basic spending, without taking into account income from second jobs or investments, just one in five Russians surveyed said yes. That is up from 25% in 2021 and 39% in 2022, Headhunter's survey showed. Of the 45% lacking the money for basic spending, more than half said they were at least 20,000 roubles ($212) short per month. The average monthly nominal wage earned by Russians was 71,419 roubles ($756) in July, Rosstat's statistics show.

Persons: Evgenia, Headhunter, Vladimir Putin, Alexander Marrow, Gareth Jones Organizations: U.S ., Russian, REUTERS, Rights, Bank of Russia's, International Monetary Fund, Thomson Locations: Moscow, Russia, Ukraine

☆ Hiring a personal chef wasn't as expensive as I thought it would be — and it was the best decision I've made this year
▼ + stars: | 2023-09-28 | by ( Marshall Haas | ) www.businessinsider.com time to read: +5 min

He hired a personal chef from a local Facebook group for around $2,200 a month. I hired a personal chef for my family — and it's been the best thing I've delegated recently. Overall, hiring a personal chef has improved our quality of life. AdvertisementAdvertisementThe best part is that hiring a personal chef is not as expensive as you'd think. That's why having a personal chef has been the best investment for us.

Persons: Marshall Haas, Shepherd, Haas, —, Shepherd –, it's, We've, Marshall Haas's, piccata, Price, Chef Rachel, we've Organizations: Service, Labor, Facebook

☆ Russian e-commerce firm Ozon loses latest appeal against Nasdaq delisting
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Ozon, one of Russia's top e-commerce companies, raised nearly $1 billion in an initial public offering (IPO) in late 2020, a debut that sparked a mini-IPO boom for Russian firms. Trading in Ozon's securities on Nasdaq was suspended soon after Russia despatched troops to Ukraine in February 2022, as were Russian company listings on the London Stock Exchange. "Our ADSs will not be delisted from Nasdaq until all available review and appeal procedures and periods available under the Nasdaq listing rules have expired," Ozon said in a statement. In late July, Ozon's ADSs began trading on Kazakhstan's Astana International Exchange (AIX), a move that it said could increase liquidity, especially for international investors to trade its securities. Russian recruiter Headhunter's securities have already been delisted from Nasdaq, but payments provider Qiwi (QIWI.O) and tech giant Yandex (YNDX.O) were thrown a lifeline to remain on Nasdaq, provided they divest entirely of their Russian assets.

Persons: Ozon, Ozon's ADSs, Olga Popova, Alexander Marrow, Mark Potter Organizations: Nasdaq, Trading, London Stock Exchange, Kazakhstan's Astana International Exchange, Thomson Locations: Russia, Ukraine MOSCOW, Ukraine, Moscow, London

☆ Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +5 min

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. In Switzerland, up to 10,000 jobs could be affected with Zurich bearing the brunt if UBS goes ahead with its indicated preferred option of absorbing Credit Suisse and cutting overlapping jobs and operations. "The large banks have many highly paid very specialized roles, where frankly there is very little demand in the market outside UBS and Credit Suisse," he said. Job cuts at Credit Suisse will hit Swiss and foreign nationals on its payroll, which may mean some have to leave Switzerland if they can't find a new job. Swiss banks have been looking in particular to snap up relationship managers with strong client relationships and solid books.

Persons: Denis Balibouse, headhunter Fredy Hausammann, Hausammann, Adecco, Balz Stueckelberger, Sergio Ermotti, Lombard Odier, Marco Arnold, Giorgio Pradelli, Pradelli, EFG, Noele Illien, Susan Fenton Organizations: UBS, Credit Suisse, REUTERS, Reuters, State Secretariat, Economic Affairs, Arbeitgeber Banker, Swiss, EFG's, Thomson Locations: Zurich, Switzerland, Swiss, Europe, Zug

☆ Junior bankers are 'freaking out' and ditching summer training sessions amid rumblings that private equity recruiting is kicking off ridiculously early
▼ + stars: | 2023-07-21 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +10 min

Panic is setting in at investment banks across Wall Street as junior bankers are thrust into the whirlwind of private equity recruiting. Private equity recruiting is an annual Wall Street ritual, albeit an unwelcome one for some investment banks. Coffee chats vs on-cycleWhich private equity firms are recruiting and when is somewhat murky — for good reason. Private equity firms have also begun hosting events, including an invite-only networking social with KKR Thursday night and online information sessions hosted by Hellman & Friedman Wednesday. "I know it's crazy, but it's in your best interest to decide upfront whether you want to pursue private equity," he said.

Persons: I'm, Evercore, Asif Rahman, Friedman, Apax, Hellman, that's, Matt Ting, It's, Ting, they'll, Reed Alexander Organizations: Oasis, Henkel, Advisors, KKR, Hellman, Industry, headhunters, Permira Locations: Wall, New York

☆ The war for hedge-fund talent has traders getting paid like star athletes
▼ + stars: | 2023-06-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

Money is pouring into the hedge fund business, adding to a war for talent. Maybe a bunch of NBA or NFL players end up on a trading floor for charity. The war for talent is partly a reflection of hedge-fund performance. My colleague Alex Morrell wrote recently:After years of relative quiet, macro strategies at hedge funds surged back to life in 2022 amid rising interest rates, inflation, and geopolitical convulsions. Writing for Insider recently, hedge-fund recruiter John Pierson said that "the competition for investment talent is escalating, and finding top portfolio managers is no longer a contact sport — it's an all-out war."

Persons: Bloomberg's Nishant Kumar, Maureen Farrell, Rob Copeland, Tom Brady, Steph Curry, Lamar Jackson's, Alex Morrell, Brevan Howard, Rokos, John Pierson Organizations: Millennium, Citadel, Morning, NBA, New York Times, Times, Golden State Warriors, ESPN, NFL, Baltimore Ravens, Premier League

☆ Inside the hedge-fund talent war: How elite funds are battling for star portfolio managers
▼ + stars: | 2023-05-16 | by ( John Pierson | ) www.businessinsider.com time to read: +7 min

The largest hedge funds are using their high fees to attract and retain new talent. The competition for investment talent is escalating, and finding top portfolio managers is no longer a contact sport — it's an all-out war. The types of senior portfolio managers in high demand are those who command attention and have uncommon idea flows. What makes portfolio managers moveMost portfolio managers aren't driven by compensation; they've typically made out well financially. John Pierson is the founder and CEO of P2 Investments, a New York-based talent-acquisition firm that specializes in recruiting hedge-fund portfolio managers.

☆ The Russian military is offering up to 10x an average salary to fill its ranks depleted by Ukraine invasion casualties
▼ + stars: | 2023-05-13 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

An investigation has found that Russia has been using a popular job website to entice war recruits. Some of the roles offer salaries 10x the average Russian monthly salary of 63,060 rubles ($810). Military employers searching on the site included the 43rd Regiment of the Russian Guard and the contractual recruitment office for military service in Tver Oblast and the Kemerovo and Novgorod regions. Last month, the Russian military launched a video campaign to lure more soldiers into fighting in Ukraine. The Russian military has consistently hinted at the possibility of a second mass mobilization, with one expected at the beginning of the year and another in April.

☆ 'It can't get much worse than this': A trail of portfolio managers have resigned or been liquidated as the once lush index-rebalance strategy dries up
▼ + stars: | 2023-05-11 | by ( Alex Morrell | ) www.businessinsider.com time to read: +5 min

Heavyweight multi-strategy hedge funds aren't known for their patience. It seems their patience has run out on the index-rebalance strategy, one of the most popular and sought-after hedge fund moneymakers in recent years. Representatives for the hedge funds declined to comment or did not respond to requests for comment. While hedge funds are allocating their capital elsewhere, they haven't given up on index-rebalance trading. Do you know more about the index-rebalance trade?

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