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Insider asked more than 30 top fintech investors to nominate the most promising startups. VCs highlighted startups that haven't raised more than a Series C.Here are the 54 most promising fintechs. Insider surveyed 34 early-stage investors — including Bain Capital Ventures, Point72 Ventures, and Index Ventures — about the hottest fintechs to watch. As was the case last year, fintechs that sell to businesses, as opposed to those that serve consumers directly, dominated the list. Check out the 54 fintechs identified as most promising by top investors.

Persons: VCs, we'll, Mark Peter Davis Organizations: Bain Capital Ventures, Point72 Ventures, Ventures, Interplay

☆ Nominations for Insider's Wall Street rising stars are open. Here's how to submit a rockstar trader, investor, or dealmaker.
▼ + stars: | 2023-06-21 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +1 min

Insider is putting together a power list of the young talent on Wall Street. We want to spotlight the standouts in investment banking, investing as well as sales and trading. Morning Brew Insider recommends waking up with, a daily newsletter. We're seeking nominations for Insider's list of rising stars on Wall Street, and we want to hear from you. Please make your submission below or through this form by August 4th to have your selection considered for the list.

Persons: we've, Goldman Sachs, Michelle Abrego Organizations: Morning, Blackstone, BlackRock, Citadel Securities, mabrego

☆ BlackRock just set a goal to double its private-markets business. It's on the hunt for deals to make that happen.
▼ + stars: | 2023-06-14 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +4 min

BlackRock has set a target to double its revenue in its private-markets business. BlackRock wants to double its private-markets business over the next five years, and it's eyeing more deals to achieve that. An important piece of the puzzle to becoming a one-stop shop for investors is ramping up its private-markets business. BlackRock currently manages $156 billion in assets through its private-markets platform, which gives clients access to private equity, private credit, infrastructure, and real estate. He added that the management team is spending a "good amount of time" looking at deals to bolster its private-markets business, specifically around infrastructure, private credit, and the growth franchises.

Persons: Martin Small, Small, Edwin Conway, Conway, Carlyle, Larry Fink, Fink, BlackRock Organizations: BlackRock, Hudson Yards, Financial Times Locations: London

☆ UBS Just Outlined the Key People Tasked With Integrating Credit Suisse
▼ + stars: | 2023-06-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Monday marked the official closing of UBS' acquisition of Swiss rival Credit Suisse, a deal both sides weren't exactly thrilled about. Specifically, the bank identified the Credit Suisse execs sitting in positions of power within its investment bank and wealth management division. UBS has not been bashful in hinting at what it is, and is not, interested in integrating from Credit Suisse. Credit Suisse was in rough shape by the time it got acquired, but that's not to say there weren't talented bankers there. Read more about the leaders of UBS' wealth and investment bank teams following its Credit Suisse deal.

Persons: Dan DeFrancesco, we've, Insider's Michelle Abrego, Kaja Whitehouse, that's, Read, Alexander Soros, George Soros, Jeffrey Epstein, Thoma, Nasdaq's, Morgan Stanley, Sam, Here's, Alex Soros, it's, We've, Jeffrey Cane, Hallam Bullock Organizations: Nasdaq, UBS, Swiss, Credit Suisse, Suisse, Credit Suisse execs, Lehman Brothers, George Soros Getty, JPMorgan, Thoma Bravo, Soros, Open Society Foundation, LinkedIn Locations: secondaries, New York, London

☆ UBS just reshuffled its leadership ranks after buying Credit Suisse. See the new power players in charge of the $1.7 trillion Swiss banking behemoth.
▼ + stars: | 2023-06-12 | by ( Michelle Abrego | Kaja Whitehouse | ) www.businessinsider.com time to read: +11 min

The merger between Credit Suisse and UBS creates a new Swiss banking behemoth with $1.7 trillion in assets. Investment bank leadersThe president of UBS's investment bank, Robert Karofsky, circulated a memo on Monday announcing his new leadership team. Ebert, co-head of markets at Credit Suisse, was also named head of Credit Suisse for the Investment Bank, reporting to Karofsky. UBS global wealth management president Iqbal Khan revealed the appointments to its critical wealth business in an internal memo titled "Becoming a global wealth powerhouse." Members of the current Credit Suisse wealth management leadership team will report to both Yves-Alain and to their respective UBS global wealth management regional leader.

Persons: Yves, Alain Sommerhalder, Michael Ebert, Robert Karofsky, Ebert, Karofsky, Marco Valla, Valla, Javier Oficialdegui, Mike, I've, George Athanasopoulos, Jason Barron, Ros L'Esperance, Dan Dowd, Taichi Takahashi, Chris Leone, Julie Beavan, Tricia Hazelwood, Jeff Hinton, Kurt Anthony, Laurence Braham, Richard Hardegree, Richard Casavechia, Ozzie Ramos, Jason Williams, Neil Meyer, Ken Tittle, Iqbal Khan, Francesco De Ferrari, Khan, Reuters Yves, Alain, Wiwi Gutmannsbauer, Benjamin Cavalli, Cavalli, Kinner, Amy Lo, Jin Yee Young, Young, Hatecke, UBS's Anton Simonet, Christl, Jason Chandler, Sergio Ermotti, Ralph Hamers, Ermotti, MICHELE LIMINA, Todd Tuckner, Sarah Youngwood, Michelle Bereaux, Stefan Seiler, Christian Bluhm, Damian Vogel, Ulrich Körner Organizations: UBS, Credit Suisse, Suisse, Credit, Wall Street, Investment, Investment Bank, Barclays, Global Banking, Investment Bank Management, Global Markets, Global Research, IB, Resource Management, Staff, MUFG Securities, Reuters, Yves, Deutsche, Switzerland, Swiss Re, Getty Locations: Switzerland's, Swiss, Americas, Asia, Singapore, Switzerland, Europe, Middle East, Africa, America, AFP

☆ An AI wave lifts Tiger Cub hedge funds like Tiger Global, Maverick Capital, and Coatue
▼ + stars: | 2023-06-09 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

Tiger Global and Coatue have also returned double-digits this year thanks to the resurgence of tech stocks. The Tiger Cub's fund rose 5.60% in May and has gained 19.48% year to date, according to HSBC's Hedge Weekly performance report. This is a welcome turn of events for the Tiger Cubs, funds founded by portfolio managers who worked under the legendary Tiger Management head Julian Robertson. Tiger Global finished the year down 56%, and Coatue lost 18.8%. Fellow Tiger Cubs Lone Pine and grand cub D1 Capital also had double-digit losses, while Viking Global reported a single-digit loss.

Persons: Lee, Ainslie, Wall, Lee Ainslie's, Ainslee, Chase, Philippe Laffont's Coatue, Dan Sundheim, Andreas Halvorsen's Viking, Julian Robertson, Maverick, Coatue, Bloomberg's Katherine Burton, Hema Parmar Organizations: Nvidia, Tiger Global, Facebook, Bloomberg, D1, Andreas Halvorsen's Viking Global, Tiger Cubs, Tiger Management, Fellow Tiger Cubs, Viking Global, Fund Research

☆ Lee Ainslie's Maverick Capital is soaring this year after buying Nvidia. His Tiger Cub peers had a pretty good month too.
▼ + stars: | 2023-06-09 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

☆ BlackRock is on the lookout for deals — and it just scooped up a major lender to European startups to supercharge its private credit business
▼ + stars: | 2023-06-08 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +3 min

The purchase will boost the money manager's offerings in the booming private credit space. The world's largest asset manager is set to buy a lender to European technology and healthcare companies to boost its private credit business. One area that BlackRock has been focused on ramping up has been its $320 billion alternatives business, especially private credit. Private credit has grown tremendously as traditional banks pull away from loaning to small and risky companies. Within private credit, venture debt is a growing area.

Persons: Larry Fink, Stephan Caron, Monese, Keefe, Michael Brown, Brown, Martin Small Organizations: BlackRock, Investors, Silicon Valley Bank, Tennenbaum Capital Partners Locations: London, BlackRock, loaning, Europe, Asia, Silicon

☆ Billionaire Marc Lasry, who sold his stake in the Milwaukee Bucks, says the next "big opportunity" is in women's sports
▼ + stars: | 2023-06-07 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

The former co-owner of the NBA's Milwaukee Bucks is raising money for a sports fund. Lasry said he would like to go out and buy basketball teams in Africa and potentially Asia. "Women's soccer should go from $50 million to $500 million in the next 10 years," he said. This year, the famed distressed-debt investor agreed to sell his 25% stake in the Milwaukee Bucks basketball team. Lasry also said he would like to go out and buy basketball teams in Africa and potentially Asia.

Persons: Marc Lasry, Lasry, Aurelien Meunier, Getty Organizations: Milwaukee Bucks, Billionaire, Capital, Bloomberg Invest, National Women's Soccer League, Milwaukee Bucks basketball, National Basketball Association Locations: Africa, Asia

☆ How Citadel, Millennium, D.E. Shaw, and Other Hedge Funds Fared in May
▼ + stars: | 2023-06-07 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

This year, it remains the top-performing multistrategy fund, just ahead of Steve Cohen's Point72. Here's how multistrategy hedge fund giants fared in May, from Citadel to Millennium. Billionaire Ken Griffin's Citadel continues to lead the competitive multistrategy hedge fund performance race this year, despite being bested for the month of May by Izzy Englander's hedge fund. Returns are still rolling out, but the major hedge fund players did not see major movements within their flagship funds. In other hedge fund news: London-based hedge fund Marshall Wace's Eureka flagship fund, an equity fund managed by founder Paul Marshall, climbed 1.74% in May and is up 1.70% year to date.

Persons: Ken Griffin's, Steve Cohen's Point72, Ken Griffin's Citadel, Izzy Englander's, Marshall, Paul Marshall Organizations: Millennium, Point72, Wellington, Nvidia, Tactical Trading Locations: Citadel, Wellington, Miami, London

☆ Here's how much it pays to control the fortunes of America's wealthiest people — and why it's escalating
▼ + stars: | 2023-06-06 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +3 min

Demand for access to private equity opportunities has contributed to big pay packages. While family offices have propped up across the globe, they are an American invention. J.P. Morgan is credited for launching the House of Morgan in the 1830s to manage family offices, and J.D. That means US family offices are often more mature and institutionalized than in other regions. Family offices need to be creative and competitive with the bonuses and other compensation perks of the private equity industry.

Persons: didn't, Morgan, Rockefeller, Jeff Bazos, Elon Musk, Jared Brichall Organizations: KPMG, Agreus, Waltons, Elon Locations: CIOs, Asia, Singapore, Europe, Middle East, Australia

☆ Submit your nominations for Insider's 2023 class of Wall Street rising stars here
▼ + stars: | 2023-06-05 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +1 min

Insider is putting together a power list of the young talent on Wall Street. We want to spotlight the standouts in investment banking, investing as well as sales and trading. Morning Brew Insider recommends waking up with, a daily newsletter. We're seeking nominations for Insider's list of rising stars on Wall Street, and we want to hear from you. Please make your submission below or through this form by August 5th to have your selection considered for the list.

Persons: we've, Goldman Sachs, Michelle Abrego Organizations: Morning, Blackstone, BlackRock, Citadel Securities, mabrego

Hamza Fodderwala of Morgan Stanley's pick: Palo Alto NetworksPalo Alto Networks stock over the last 12 months, as of May 25 Markets InsiderTicker: PANWPrice target: $255We think Palo Alto Networks is going to be the first $100 billion market cap company in cybersecurity, or about a $300 stock, within two years. In our view, Palo Alto Networks is the best transformation story in software since Microsoft. In recent years, they've really modernized a lot of their security offerings for the cloud and they have multiple products that are best of breed. They can use that telemetry to feed their AI models and help automate a lot of security. Palo Alto Networks can really address this pain point for customers.

☆ Billionaire Ken Griffin gives $20 million to Miami Dade College weeks after $300 million Harvard donation
▼ + stars: | 2023-04-24 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +3 min

Billionaire Ken Griffin donated $20 million to Miami Dade College to launch a new scholarship. Earlier this month, Griffin gave $300 million to his alma mater Harvard University. On Saturday, the billionaire founder of hedge fund Citadel donated $20 million to Miami Dade College, one of the country's largest and most diverse schools. Earlier this month, Griffin gave $300 million to Harvard University, his Ivy League alma mater, where he has now donated more than $500 million. Schools like Miami Dade are "the on-ramp to the American Dream," said Griffin in a commencement speech to Miami Dade College graduates on Saturday afternoon.

☆ A D.E. Shaw internship could land a dream gig at the secretive hedge fund. Here's what it takes.
▼ + stars: | 2023-04-10 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +8 min

Shaw's recruiting head, took us inside the firm's process for finding talent. Shaw Group is one of the highest-grossing, and most secretive, hedge funds on Wall Street, with $60 billion under management. Launched by former Columbia University computer-science professor David Shaw above a small left-wing bookshop in lower Manhattan in 1988, D.E. The interview process includes an initial video interview, a case study or coding test (depending on the internship), a second round of video interviews, and a reference check. At any point in the process, candidates might even be steered toward an internship other than the one they applied to that could better align with the candidate's skills and interests.

☆ A summer internship at D.E. Shaw can pay up to $20,000 a month. Here's what it takes to land a coveted spot.
▼ + stars: | 2023-04-06 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +8 min

☆ Multi-strategy hedge funds had mixed results for a mad March. Here's how Citadel, Millennium, and Point72 did.
▼ + stars: | 2023-04-04 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

Multi-strategy hedge funds had a mixed March after the Silicon Valley Bank collapse put markets on edge. The Citadel Wellington fund ended the month up 1.38%, while Steve Cohen's Point72 was up 1.33%. Equities was up 2.16% in March, bringing year-to-date performance to 4.56%. Its global fixed income fund returned 0.12% in March, bringing year-to-date performance to 1.77%. Hedge fund performance figures are still trickling out, but data and reports suggest that trend-following and macro funds were caught out after the banking crisis rocked markets.

☆ We're seeking nominations for Insider's rising stars of equity research under 35. Here's how to apply.
▼ + stars: | 2023-02-17 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Insider is seeking nominations for the top equity research analysts aged 35 and under. We want to hear from you about people who have stood out in the world of sell-side equity research. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking — delivered daily to your inbox. Criteria and methodologyOur selection criteria: We ask that nominees be 35 or under as of May 15, 2023, be based in the US, be involved in sell-side equity research, and stand out from their peers. Please make your submission below or through this form to have your selection considered for the list.

☆ Does anyone want to stay in investment banking these days?
▼ + stars: | 2023-02-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Banker salaries will get you in first class, but the potential total comp at PE firms and hedge funds will get you flying private. PE firms have been known to grind through people, but nothing quite compares to life at an investment bank. An investment bank's analyst program remains the go-to route to get your foot in the door on the Street. Click here to read more about salaries being offered by top PE firms to 2024 associates. All kidding aside, this deep dive by ProPublica is a fascinating look into how investment firms are helping the ultrarich save on taxes.

☆ Nominations are open for Insider's 2023 rising stars of equity research
▼ + stars: | 2023-02-07 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Insider is seeking nominations for the top equity research analysts aged 35 and under. We want to hear from you about people who have stood out in the world of sell-side equity research. Criteria and methodologyOur selection criteria: We ask that nominees be 35 or under as of May 15, 2023, be based in the US, be involved in sell-side equity research, and stand out from their peers. Please make your submission below or through this form to have your selection considered for the list. Please email Michelle Abrego at mabrego@insider.com with any questions or issues submitting nominations.

☆ The largest hedge fund in the world just named a 37-year-old woman as a co-CIO. Meet the top 11 execs leading Bridgewater into its new era.
▼ + stars: | 2023-02-02 | by ( Alyson Velati | Michelle Abrego | ) www.businessinsider.com time to read: +12 min

Karen Karniol-Tambour will join co-CIOs Greg Jensen and Bob Prince to oversee the hedge fund's investment strategy. Despite a breakout year for many multi-strategy and macro hedge funds, Bridgewater lagged behind its peers. Nir Bar Dea, co-CEOBar Dea. Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Since joining Bridgewater in 1986, he has been a partner in building the hedge fund's investment process and products.

☆ A night with Wall Street's stars: Take a look at Insider's celebration of top investors, dealmakers, and traders
▼ + stars: | 2023-02-01 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +4 min

Hello 10 Things on Wall Street readers! As you might know, for the last few years Insider has been highlighting some of the most talented young people on Wall Street. Take a look at all the photos from Insider's celebration of Wall Street's rising stars here. A decade after the private-equity giant helped launch Athene Holdings, more private money managers are moving into insurance as they hunt for higher yields, the Wall Street Journal reports. Adam Berry, head of US loan trading is leaving Wall Street to join the Philadelphia Eagles, according to Bloomberg.

Some hedge funds, wealth managers, and asset managers are still hiring. Recruiters told us what roles are in demand and what skills can help you land them. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. … if you're in or interested in wealth managementDespite the market downturn, wealth managers are in high demand.

Some hedge funds, wealth managers, and asset managers are still hiring. Layoffs across industries have been dominating headlines in January, and Wall Street has been no exception. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. Emily Landon, the CEO of the Chicago-based headhunting firm The Crypto Recruiter, pointed to the job board Crypto Careers, which has over 2,400 openings.

☆ Who on Wall Street is making cuts, who's promoting, and who's hiring
▼ + stars: | 2023-01-16 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

One thing that's apparent on Wall Street is that many people are worried about their jobs and compensation. We've already seen layoffs at Goldman Sachs, BlackRock, and BNY Mellon materialize, and there's likely more bad news to come. Wall Street bonuses are being handed out—but they're not going to be pretty. Here's when banks like JPMorgan, Goldman Sachs, and Morgan Stanley are expected to tell employees how much they made. College students still eyeing a job on Wall Street should look no further than our guide to landing a summer job at a top investment bank or asset manager.

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