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- 📚 Ex-Goldman Sachs Trader to Lead Greece's Leftist Party, And China Bans Nomura Banker From Leaving Mainland
📚 Ex-Goldman Sachs Trader to Lead Greece's Leftist Party, And China Bans Nomura Banker From Leaving Mainland
PLUS: Why Traders Aren't Buying The Fed's 'Higher-for-Longer' Vision, Germany Holds 27% of Europe’s Retail Fund Market, And More
Afzal Hussein
September 25, 2023
Welcome back to another issue of Career Guides Weekly.
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Today’s Riddle: I'm an institution that holds your stocks and more. You can access your assets right from your door. What am I? (Scroll all the way down for the answer).
Alright, small talk done, let’s dive in!
TODAY’S MENU
Investment Banking: Ex-Goldman Sachs Trader to Lead Greece's Leftist Party, China Bans Nomura Banker From Leaving Mainland, Ex-Deutsche Bank Investment Banker Faces Up to 30 Years in Prison for Crypto Fraud, And More
Asset Management: Germany Holds 27% of Europe’s Retail Fund Market, And Goldman Sachs’ Asset-Management Unit Sees Slew of High-Level Exits Under Hard-Charging Boss
Sales & Trading: Morning Bid: Shutdown, Oil, Auctions and China Rankle, Why Traders Aren't Buying The Fed's 'Higher-for-Longer' Vision, And More
Private Equity: ‘Private Equity is Now King’ for the Ultra-Rich, Fundraising Trends in the Alternatives Market, And More
Hedge Funds: Hedge Fund Performance Dips Slightly in August, Oil Resumes Rally With Hedge Funds Helping Fuel Move Higher, And More
Venture Capital: This Week’s 10 Biggest Funding Rounds, Amazon to Invest up to $4 Billion in AI Startup Anthropic, And More
Interesting Infographics: The Migration of the World’s Millionaires in 2023, Market Volatility at its Lowest Point Since 2020, The Highest Paid CEOs in the S&P 500, And The World’s 50 Top Countries by GDP
INVESTMENT BANKING (GET THE 100-PAGE GUIDE HERE)
Former Goldman Sachs associate and political novice Stefanos Kasselakis on Sunday was elected leader of Greece's leftist Syriza party, the country's main opposition, which is hoping for a comeback after a heavy defeat in a national election.
Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm's investment banking operations there not to leave the mainland.
ASSET MANAGEMENT (GET THE 71-PAGE GUIDE HERE)
Germany has solidified its top spot in Europe's retail fund market, according to the latest European Central Bank data. By the end of March 2023, private German investors had amassed investment fund shares worth €1 trillion.
Marc Nachmann — a hard-charging banker who Goldman Sachs CEO David Solomon last October named global head of the Asset and Wealth Management division — has seen a string of top executives flee on his watch and could soon see yet another exit.
SALES & TRADING (GET THE 107-PAGE GUIDE HERE)
After the worst week since March on Wall St, three issues keep the pressure - a possible U.S. government shutdown at the end of this week, rising annual oil prices and a heavy diary of Treasury debt sales.
China's ongoing property bust threw another curve ball at stock markets. Shares of the ailing China Evergrande plunged 21.8% after the developer said it was unable to issue new debt due to an ongoing investigation into one of its subsidiaries.
Morning Bid: Shutdown, Oil, Auctions and China Rankle (RT)
Why Traders Aren't Buying The Fed's 'Higher-for-Longer' Vision (RT)
SEC Collects Wall Street's Private Messages as WhatsApp Probe Escalates (RT)
A ‘Milestone’ Moment: Why Economists Think the Global Cycle of Rate Rises is Over (FT)
Rishi Sunak's Pivot on Green Policies Has Created a Storm of Disbelief Online (YF)
PRIVATE EQUITY (GET THE 127-PAGE GUIDE HERE)
WEEKLY RECOMMENDATION
The Intelligent Investor (Book)
"The Intelligent Investor" by Benjamin Graham is a classic investment guide that offers timeless principles for successful and prudent investing. First published in 1949, this book remains highly influential in the world of finance. Here's a short summary: Benjamin Graham, often regarded as the "father of value investing," outlines his philosophy of "value investing" in this book. He emphasises the importance of approaching investing with a long-term perspective and a focus on intrinsic value. |
HEDGE FUNDS (GET THE 116-PAGE GUIDE HERE)
Hedge funds experienced a "small decline" in performance in August, recording their first negative month of 2023 with an overall weighted average return of -0.8%, according to data.
VENTURE CAPITAL
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