Citadel Internship Pays $5,000 a Week — and Provides Free Housing in NYC (New York Post)
A summer internship at Citadel offers perks that include a salary of up to $5,000 a week, free corporate housing in one of 10 different world financial centers like New York and an opening retreat at a Four Seasons in South Florida, according to a report. Billionaire Ken Griffin’s hedge fund, which has some $58 billion in assets under management, picked a crop of 300 interns for their summer program this year out of a pool of more than 69,000 applicants, an acceptance rate of just 0.5%, Insider reported.
Eisler Capital is Still Gobbling Up Bank Traders (eFinancialCareers.com)
Eisler Capital is still adding to its team. A new addition this month is Hersh Patel. He was an emerging markets trader at Bank of America for eight years (and Barclays for nine before that) before joining Eisler. He’ll be a portfolio manager for the fund, based in London. Eisler is a bit of an enigma. A lot of top hedge funds have been attracting top bank traders this year, but few have been as prominent as Eisler (and BlueCrest, although that isn’t really a hedge fund) – the sums being offered to new PMs at the fund have been described as “lottery wins” and “ridiculous amounts of money.” The downside seems to be typical for a hedge fund – huge expectations, and a low threshold for failure.
KKR Exec to Run Marshall Wace’s US Business (Hedge Week)
London-headquartered hedge fund firm Marshall Wace has appointed Todd Builione, a partner and global head of private wealth at its private equity backer KKR, to run its US business in New York, according to a report by The Financial Times. Builione will join Marshall Wace as head of North America in September, replacing Michael Sargent, who is due to retire in January after almost 20 years with the firm. Prior to joining KKR ten years ago, Builione ran Highbridge Capital Management’s hedge fund business and also worked at Goldman Sachs.
Source: pexels
Long/Short Hedge Fund Bets on Energy Transition Being the Most Attractive Investment Opportunity Today (Opalesque)
The global energy transition could require up to $128tln of investment between now and 2050. That means a lot of feet on the ground busily investing in all projects and industries that would promote that transition. Investors who want to partake can join one of these active members; one of which is Tall Trees Capital Management LP, launched by Lisa Audet in Greenwich, Connecticut. Audet has the backing of more than 30 years of investment experience, including 10 years of managing global long/short energy and commodity investments at Discovery Capital Management, a Tiger Cub, and of Tiger Management, which seeded her Fund when it launched in April 2022. According to her, energy transition represents the most attractive investment opportunity available in the market today.
Here Are Coinbase’s Biggest Shareholders (The Wall Street Journal)
Coinbase’s biggest shareholders include asset managers, venture capital investors and hedge funds. Below are the largest shareholders in order as of the end of March, according to FactSet data. The Vanguard Group, ARK Investment Management, Nikko Asset Management, Nikko Asset Management Americas, Fidelity Management & Research, BlackRock Fund Advisors, SSgA Funds Management, Morgan Stanley Investment Management, Geode Capital Management, Goldman Sachs (Private Banking).
