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Welcome back to another issue of ‘Career Guides Weekly’ by Career Guides. Let’s dive in!

TODAY’S MENU

• Investment Banking: Deutsche Bank Names Former Citigroup Dealmaker As Global M&A Head, Fear Among Investment Bankers At The New UBS, Citi Targets China Investment Bank Unit Launch, And More

• Global Markets: Morning Bid: Risk Appetites Sour, With Inflation On The Menu, Explainer: Charting The Fed's Economic Data Flow, Euro Zone Inflation Jump Cools Case For ECB Rate Cuts, And More

• Asset Management: BlackRock, VanEck Among Asset Managers That Submitted Updated Filings For Spot Bitcoin ETF, Bond ETFs Draw In Record $300Bn In 2023, And More

• Private Equity: Private Equity Targets UK Accounting Firms, PE’s Horrible, No-Good ’23 Set To Continue Into ’24, And More

• Hedge Funds: Hedge Funds’ Return In 2023 Almost Entirely Offset 2022’s Losses, Chris Hohn’s Hedge Fund TCI Beats Markets With 33% Gain, And More

• Venture Capital & AI: Google Gemini: Everything You Need To Know About The New Generative AI Platform, 2023’s 10 Biggest Funding Rounds, And More

INVESTMENT BANKING (GET THE 100-PAGE GUIDE HERE)

Deutsche Bank has named former Citigroup dealmaker Alison Harding-Jones as its new global head of mergers and acquisitions, the German lender said on Thursday.

Citigroup Inc. is aiming to launch its wholly owned China investment banking unit as early as the end of this year and hire about 30 people for the business, a person with direct knowledge of the matter said.

The Wall Street bank could triple staffing in the unit, which will focus on the domestic capital market, to nearly 100 in the coming years by making local hires and transfers from Hong Kong and other markets, the person said.

• Deutsche Bank names former Citigroup dealmaker as global M&A head (RT)

• Fear Among Investment Bankers at the New UBS (FIN)

• Citi targets China investment bank unit launch, 30 new hires by end 2024 (RT)

• Microsoft, Qcells strike massive supply deal for US-made solar panels (RT)

• Shell will be tempted to join US M&A party (RT)

GLOBAL MARKETS (GET THE 107-PAGE GUIDE HERE)

It's been a typically cautious start to the week in Asia, made all the more muted by a holiday in Japan, with Chinese stocks again dragging on regional markets. A drop in Chinese 10-year bond yields to four-year lows says a lot about how investors rate the economy and the need for more stimulus. European and U.S. stock futures were also in the red, although losses were minor as yet.

Geopolitics has hardly helped, as Israeli strikes against Hezbollah in Lebanon led Washington to warn of a wider conflict in the Middle East.

• Morning Bid: Risk appetites sour, with inflation on the menu (RT)

• Explainer: Charting the Fed's economic data flow (RT)

• Euro zone inflation jump cools case for ECB rate cuts (RT)

• US corporate bond issuance to slow after strong start to 2024 (RT)

• US economy cranks out jobs at brisk clip in December; wages increase (RT)

ASSET MANAGEMENT (GET THE 71-PAGE GUIDE HERE)

Bond exchange-traded funds (ETFs) gathered an annual record of $300 billion of assets under management in 2023, BlackRock said on Wednesday, as investors were lured in by the highest yields in decades.

BlackRock, the world's biggest asset manager, said it expects bond ETFs to grow to $6 trillion under management by 2030, from just over $2 trillion currently.

• BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF (RT)

• Bond ETFs draw in record $300 billion in 2023 (RT)

• US giants Pimco, Vanguard invest in Turkey after its return to rate hikes (RT)

• China regulators lift stock net-selling ban for mutual funds (RT)

PRIVATE EQUITY (GET THE 127-PAGE GUIDE HERE)

• Private equity targets UK accounting firms (FT)

• Half of LPs believe NAV pricing is a poor liquidity tool (PEI)

• The private equity playbook often misses the pricing mark with software acquisitions (FOR)

• KKR’s Henry Kravis on private equity, culture, and markets (GS)

• PE’s horrible, no-good ’23 set to continue into ’24 (BBG)

HEDGE FUNDS (GET THE 116-PAGE GUIDE HERE)

• Hedge funds’ return in 2023 almost entirely offset 2022’s losses: Preqin (IAM)

• Investors withdraw $4 bln from hedge funds in November (RT)

• Rokos hedge fund ends 2023 with 8.8% gain after December loss (BBG)

• Chris Hohn’s hedge fund TCI beats markets with 33% gain (FT)

VENTURE CAPITAL & AI (GET THE 122-PAGE VC GUIDE HERE)

• Google Gemini: Everything you need to know about the new generative AI platform (TC)

• Deal Dive: A Stripe secondary deal worth paying attention to (TC)

• Early-stage fintech startups just got more funding sources (TC)

• 2023’s 10 biggest funding rounds (CB)

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