Welcome back to another issue of Career Guides Weekly.

We consolidate all the tabs in your browser into 1 clean, readable email.

Today’s Riddle: I'm the place where stocks are first sold, where IPOs happen and fortunes unfold. What am I? (Scroll all the way down for the answer).

Alright, small talk done, let’s dive in!

TODAY’S MENU

• Investment Banking: Investment Banks To Pay $8.2Bn To US Government, Credit Suisse Investors Plan Lawsuit Re. UBS Buyout, And More

• Asset Management: Largest Underperforming Funds, FCA Tells Asset Managers To Prove They Offer Value For Money, And More

• Sales & Trading: Inflation To Remain Above BoE Target Until 2025, Rouble Hits 16-Month Low, And More

• Private Equity: CVC Bags $4.45Bn In 6th Asia-Focused Fund, PE Groups Bet On UK Healthcare, And More

• Venture Capital: Steve Jobs’s Son Gets Into Venture Capital, This Week’s 10 Biggest Funding Rounds, And More

• Hedge Funds: The Huge Mess At Two Sigma, China Hedge Funds In Crisis, And Hedge Funds Pile Into Equities

• Other: Sam Bankman-Fried Heads To Brooklyn Jail, And World’s Most Expensive Footballer Heads To Saudi Pro League

INVESTMENT BANKING (GET THE 100-PAGE GUIDE HERE)

Investment Banks To Pay $8.2Bn To US Government, Credit Suisse Investors Plan Lawsuit Re. UBS Buyout, And More

America’s biggest banks are preparing to pay billions of dollars to the Federal Deposit Insurance Corporation to replenish an insurance fund that’s propping up the system.

• Investment Banks To Pay $8.2Bn To US Government After Banking Crisis Drains Emergency Fund (DH)

• Credit Suisse Investors Plan Lawsuit Re. UBS Buyout (RT)

• PJT Partners Steps Up Hiring As Advisory Fees Jump 73% (FN)

• Abu Dhabi Oil Giant Builds Internal 'Investment Bank' To Chase $50Bn In Global Deals (FT)

• Goldman's CEO Is Stuck, Without A Clear Lifeline (NYT)

ASSET MANAGEMENT (GET THE 71-PAGE GUIDE HERE)

Largest Underperforming Funds, FCA Tells Asset Managers To Prove They Offer Value For Money, And More

St James’s Place topped Bestinvest’s list of underperforming fund managers as global strategies suffered in the latest ‘Spot the Dog’ report.

• Largest Underperforming Funds (PA)

• GAM Cancels EGM After Investors Withdraw Proposals (RT)

• FCA Tells UK Asset Managers To Prove They Offer Value For Money (FT)

SALES & TRADING (GET THE 107-PAGE GUIDE HERE)

Inflation To Remain Above BoE Target Until 2025, Rouble Hits 16-Month Low, And More

Inflation may remain above the Bank of England’s two per cent target for the next few years as price increases have increasingly spilled over into the wider economy.

• Inflation to remain above BoE target until 2025 (CAM)

• US Loss Of AAA Badge A Reminder Of 'Regime Shift' For Government Debt (RT)

• Kremlin Blames Loose Monetary Policy As Rouble Hits 16-Month Low (RT)

PRIVATE EQUITY (GET THE 127-PAGE GUIDE HERE)

CVC Bags $4.45Bn In 6th Asia-Focused Fund, PE Groups Bet On UK Healthcare, And More

Sceptics of private equity are complaining that just as KKR led Toys 'R' Us to bankruptcy, Simon & Schuster (a major publisher) faces the same risk. See the first 2 links below to learn more.

• KKR Destroyed Toys 'R' Us. Now They're Coming For Major Publisher (LAT)

• The Publishing Industry Has A New Nightmare: KKR (SLT)

• Why Business Schools Need To Teach PE To Their Undergraduate Students (PEN)

• CVC Bags $4.45Bn In Sixth Asia-Focused Fund (RT)

• PE Groups Bet On UK Healthcare As NHS Waiting Lists Grow (FT)

WEEKLY RECOMMENDATION

A Random Walk Down Wall Street

VENTURE CAPITAL

Steve Jobs’s Son Gets Into Venture Capital, This Week’s 10 Biggest Funding Rounds, And More

Reed Jobs, the son of the visionary behind Apple, Steve Jobs, is now reportedly starting a venture capital firm to invest in new cancer treatments in honour of his father and his struggle with cancer.

• Steve Jobs's Son Gets Into Venture Capital (UP)

• This Week's 10 Biggest Funding Rounds (CB)

• Lula ('Stripe For Insurance') Raises $35.5Mn (TC)

• African 'Moove' Raises $76Mn (TC)

HEDGE FUNDS

The Huge Mess At Two Sigma, China Hedge Funds In Crisis, And Hedge Funds Pile Into Equities

The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June, according to data from Preqin. On top of this, another 18 funds were liquidated.

• The Huge Mess At $60Bn Hedge Fund Two Sigma (CNW)

• China Hedge Funds In Crisis After Losses (AFR)

• HFs Pile Into Equities After Missing This Year's Rally (FT)

ANYTHING AND EVERYTHING ELSE

Sam Bankman-Fried Heads To Brooklyn Jail, And World’s Most Expensive Footballer Heads To Saudi Pro League

Sam Bankman-Fried will prepare for his fraud trial from a Brooklyn jail where inmates ranging from convicted sex trafficker Ghislaine Maxwell to Honduras' former president have complained of subpar conditions.

• Failed Crypto Exchange Founder Heads To Brooklyn Jail (RT)

• World’s Most Expensive Footballer Is Heading To Saudi (SKY)

BEFORE YOU LEAVE

FREE RESOURCES

Complimentary Guides For Members