Welcome back to another issue of Career Guides Weekly.

Where we bring you the best highlights from the world of finance once a week.

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Today’s Riddle: I'm like a loan, but I don't have to be repaid. My goal is to help you retire someday. What am I? (Scroll all the way down for the answer).

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

TODAY’S MENU

• Investment Banking: The 50 Words You Need To Know For Banking Interviews, UBS Executives Sold Over $15M Shares In September, And More

• Asset Management: Global Money Market Funds Attract Biggest Weekly Inflows In Three Months, And Investors Bank On Alternatives And AI For 2024

• Sales & Trading: IMF And Regulators Set Out Roadmap To Contain Crypto Risks, Fed Policymakers To Sit Tight On Rates, And More

• Private Equity: Subway Has Sold Itself To A Private Equity Firm, And Private Equity Basics For Newbies

• Hedge Funds: Hedge Funds Hurt By Oil’s Dip In First Half Pile Back In, And Global Watchdog Warns Over 'Very High Leverage' In Hedge Funds

• Venture Capital: Infographic: The Rise and Fall Of WeWork, Venture Capital VS. Y-Combinator Valuations, And More

• Other: Infographic: The 25 Best Stocks by Shareholder Wealth Creation (1926-2022), Djokovic Wins US Open For Record Equalling 24th Grand Slam, And More

INVESTMENT BANKING (GET THE 100-PAGE GUIDE HERE)

UBS executives have sold millions in shares since the Swiss bank announced its second quarter results, according to filings on the SIX stock exchange website.

The Middle East and North Africa region has recently witnessed a remarkable boom in mergers and acquisitions (M&A) deals, as a total of 318 mergers and acquisitions deals were recorded in the region, with a value of $43.8 billion.

• The 50 Words You Need To Know For Banking Interviews (EF)

• UBS Executives Sold Over $15M Shares In September (RT)

• Gulf States Spearhead $42.5Bn In Mergers & Acquisitions (AA)

ASSET MANAGEMENT (GET THE 71-PAGE GUIDE HERE)

Global money market funds attracted robust inflows in the week ended Sept. 6, as investors gravitated towards safer options amid concerns over slowing growth in China and Europe as well as uncertainty regarding the Federal Reserve's interest rate outlook.

Limited partners (LPs) and asset allocators plan to prioritise alternatives, generative AI and risk modelling silos in 2024, revealed a survey. LPs also indicated a significant pullback from investment in cryptocurrencies, which the survey attributed to an avoidance of volatile investment strategies.

• Global Money Market Funds Attract Biggest Weekly Inflows In Three Months (RT)

• Investors Bank On Alternatives And AI For 2024 (FE)

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

Global financial regulators and the International Monetary Fund on Thursday set out a roadmap to coordinate measures that stop cryptoassets from undermining macroeconomic and financial stability.

Ahead of their policy-setting meeting this month, Federal Reserve policymakers have been pretty clear about two things: They are not itching to raise interest rates, but few among them are ready to declare victory, either.

• IMF & Regulators Set Out Roadmap To Contain Crypto Risks (RT)

• Fed Policymakers To Sit Tight On Rates (RT)

• Japan Cuts Q2 GDP On Weak Spending, Wages Slide (RT)

• Short Sellers Reap $13B In Winner-Take-All Market (BBG)

PRIVATE EQUITY (GET THE 127-PAGE GUIDE HERE)

Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. It brings to an end the sandwich chain’s near six-decade run as a family-owned business.

• Subway Has Sold Itself To A Private Equity Firm (CNN)

• What Is Private Equity And How Does It Work? (TV)

WEEKLY RECOMMENDATION

Margin Call (Movie)

HEDGE FUNDS (GET THE 116-PAGE GUIDE HERE)

After being burned by crude’s slump in the first half of 2023, hedge funds are rushing back into the oil market with their most bullish wagers in more than a year.

• Hedge Funds Hurt By Oil’s Dip In First Half Pile Back In (RT)

• Global Watchdog Warns Over 'Very High Leverage' In HFs (RT)

VENTURE CAPITAL

Venture capitalists complaining about Y Combinator startup valuations being too high is a time-honored tradition. Now they're blaming it on a change the accelerator introduced in early 2022.

• Infographic: The Rise and Fall of WeWork (VC)

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

• Venture Capital VS. Y Combinator Valuations (Again) (AX)

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ANYTHING AND EVERYTHING ELSE

• Infographic: The 25 Best Stocks (1926-2022) (VC)

• Alibaba Stock Slides After Ex-CEO Abruptly Quits Cloud Unit (RT)

• Djokovic Wins US Open For Record 24th Grand Slam (RT)

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