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— - 1 Neil Chriss's - 1 Paloma - 1 Chriss — - 1 Chriss - 1 Donald Sussman - 1 Ravi Singh - 1 Goldman Sachs - 1
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3 mentions found


☆ Long-time quant bigwig Neil Chriss is out at Paloma after just 11 months. It was a year of big hires, a restructuring, and new New York digs.
  + stars: | 2024-04-17 | by ( Bradley Saacks | ) www.businessinsider.com   time to read: +3 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chriss — who joined the long-running quant-focused multi-strategy firm in May of 2023 — is "no longer with Paloma," according to a letter sent to the firm's investors Monday. Chriss had been at Millennium for five years prior to joining Paloma and founded his own hedge fund, Hutchin Hill, in 2007. Paloma declined to comment on the rationale for his departure, and Chriss did not respond to requests for comment. But it was not all growth for Paloma while Chriss was at the helm.
Persons: —, Neil Chriss's, Paloma, Chriss —, Chriss, Donald Sussman, Ravi Singh, Goldman Sachs, Chris LaSusa, LaSusa, Steve Cohen, Shaw, Ritter Organizations: Service, Paloma, Business, Industry, Intelligence, Goldman, KCL, D.E, Capital, Ritter Alpha Locations: Hill, Greenwich, New York, Manhattan, Minnesota
☆ Millennials entered the workforce caring more about work than boomers, but now a survey has found no generation values work-life balance more — even Gen Z
  + stars: | 2023-09-07 | by ( Pete Syme | ) www.businessinsider.com   time to read: +2 min
Back in 2009, 41% of millennials agreed, exceeding even baby boomers in their zeal for work. Yet 13 years later, they're the cohort that cares most about work-life balance, beating even Gen Z. Back in 2009, 41% of millennials agreed or strongly agreed with that statement. By 2022, just 14% of millennials agreed that work should always come first. That makes them the generation that cares the most about a work-life balance, with Gen X in second place at 16%, and then Gen Z, the youngest cohort, around 19%.
Persons: millennials, Gen X, Z, Bobby Duffy Organizations: Service, King's College London Locations: Wall, Silicon
☆ BoE won't accept interference over interest payments to banks - Pill
  + stars: | 2022-11-24 | by ( Andy Bruce David Milliken | Andy Bruce | David Milliken | ) www.reuters.com   time to read: +3 min
LONDON, Nov 24 (Reuters) - The Bank of England will not accept interference with the system of paying interest to banks from reserves issued by the central bank, BoE Chief Economist Huw Pill said on Thursday, pushing back against talk that change is needed. Some former BoE officials have said the central bank should alter its system of paying interest to banks on its 950 billion pounds ($1.15 trillion) of reserves, the vast majority of which the BoE issued to finance its quantitative easing programme. Pill's comments are likely to be interpreted as a warning to the government, which ultimately decides how interest on reserves are paid. Commercial banks are paid interest on the reserves by the BoE at whatever is the BoE's current interest rate - just 0.1% a year ago, but 3% now and likely to rise further. However, another former BoE rate-setter, Gertjan Vlieghe, said on Thursday it would be a "disaster" to stop paying interest on reserves, even partially - citing recent concerns about Britain's institutional credibility.
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