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Point 72 is hiring up to 70 people for its new London office, and taking on...
Point72, the $11bn family office that was formerly Steve Cohen’s hedge fund SAC Capital, is back in London and it’s hiring. It plans to add at least 15 people over the course of 2016, but it will...
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12 reasons you can’t break into the buy-side
If you work in an investment bank (‘the sell-side’), chances are you’d like to work for a private equity fund or hedge fund (‘the buy-side’). The chances also are that you’re getting nowhere fast....
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Morgan Stanley has the best traders. Shame they won’t get paid
Morgan Stanley and Bank of America Merrill Lynch have reported their fourth quarter results and full year results for 2015. The follow last week’s revelations from Citi and J.P. Morgan. Needless to...
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MBAs don’t want £115k investment banking jobs in London
Investment banks in London pay new MBAs more than any other industry, and yet fewer than ever are entering the sector. Students who graduated from London Business School’s MBA programme – which has...
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Why analysts are more intelligent than managing directors, redux
Analysts in investment banks are more highly qualified than the managing directors in charge of them. We know this because the CVs loaded into the eFinancialCareers CV database say so: last time we...
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Morning Coffee: Large potential long-term boost for Hong Kong investment...
It hasn’t exactly been a positive start to the year for Hong Kong’s finance community – local job cuts and continued Chinese market turmoil have dominated headlines. Senior Hong Kong bankers gathering...
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The bankers set to get the biggest bonuses in Asia
It’s the start of the bonus season in Asia – US banks are already telling employees their numbers, while others will follow after Chinese New Year. Across the market, bonuses for 2015 in Hong Kong and...
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The Skynet myth: All finance professionals are NOT going to be replaced by...
False narratives in financial markets are catching, and they’re only proved wrong through catastrophic events that challenge the accepted theory. The events need to be catastrophic, because once...
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Six ways for bankers to survive the layoffs of 2016
So you’ve heard whispers that your company is going to lay people off. During the process of deciding which employees to keep and which to let go, senior executives consider a wide range of factors –...
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BlueCrest has hired BAML’s head of government bonds, rates and currencies
Hedge funds have been complaining about the lack of trading talent available at investment banks, but there’s one that continues to tap the sell-side for traders – Bluecrest Capital Management. The...
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Five cheery facts about the state of the Wall Street job market
The start of 2016 has not been good for most financial services professionals and as the bears emerge it’s easy to believe that the picture is bleak for most people working in the sector. However,...
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11 things Goldman Sachs’ results are saying about jobs in banking
It’s Goldman Sachs’ results day! Things haven’t gone entirely to plan: Goldman’s massive legal settlement hit profits, which fell 65% in the final quarter. But the bank earned its second highest...
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You’ve been promoted! This is how to cope
You’ve toiled away in a banking job focused on the local market in Hong Kong or Singapore for years – but now you’ve finally landed a bigger and better role covering countries across Asia. After the...
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Morning Coffee: Why Barclays investment bankers should thank Jes Staley....
Another day, another announcement concerning the eradication of jobs in an investment bank. This time, it’s not Morgan Stanley and it’s not Credit Suisse. – It’s Barclays. The Financial Times reports...
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How to succeed in M&A, by Yoel Zaoui
Yoel Zaoui knows a thing or two about M&A. Not only did he previously head up the global M&A team at Goldman Sachs, but – together with his brother Michael, who lead Morgan Stanley’s European...
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A whole new analyst class is about to turn up at Barclays
Barclays investment bank is not meant to be hiring. Instead, it is firing: an extra 1,000 people are going, mostly in Asia, although the precious metals business may be closed too. It’s also got a...
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Big bonus disappointment at Citigroup. General happiness at J.P. Morgan
Do you remember when Citigroup’s investment banking employees were riding high on a tide of all-cash bonuses (up to $499k) whilst warmed by words about “competitive” compensation and payment by...
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How to survive as an analyst in banking, by a gladiator who has been there...
What I present to you, below, is based on knowledge of the actions of great bankers, whom I have closely watched over the years. Here, I have done my utmost best to encapsulate the best of their...
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Macro traders are back at hedge funds, kind of
Macro hedge funds have a had a brutal 2015 and it continues to be tough so far this year. If it weren’t for the fact that they’re in small and plush offices, you’d think they would make up a large...
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Morning Coffee: Can Barclays keep the Asian bankers it doesn’t want to cut?
The worst kept secret in Asian banking was finally confirmed yesterday: Barclays is closing its cash equity research, sales and trading businesses as well as its convertible bond-trading operations...
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