Welcome back to another issue of Career Guides Weekly.

The newsletter that brings you hot and fresh finance news once a week.

Today’s Riddle: I'm a way to own a piece of a company's stock. You'll vote at meetings; it's a powerful lock. What am I? (Scroll all the way down for the answer).

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

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TODAY’S MENU

• Investment Banking: UBS Job Cuts Hit US Investment Bankers, GS Launches Sports Advisory As PE Swoops On Football, And More

• Asset Management: CFA Flags Greenwashing Concerns In Fund Disclosures, Fidelity International Launches "Future Leaders" Fund, And More

• Sales & Trading: The Fed Wants To Cool Spending, ECB To Tackle Excess Liquidity In Inflation Fight, And More

• Private Equity: Everton Football Club Acquired By U.S. Private Equity Firm, How Private Equity Stacks Up Against The Stock Market, And More

• Hedge Funds: Largest UK Based Hedge Funds In 2023 By AUM, HFs Sell Energy Stocks, Increase Bearish Bets, And More

• Venture Capital: Saudi Firms Dominate Venture Investment Activity, The Week’s 10 Biggest Funding Rounds, And More

• Other: AirPods Pro Get USB-C And A Few New Tricks, And “I Will Renegotiate Brexit Deal”, Labour’s Keir Starmer Says

INVESTMENT BANKING (GET THE 100-PAGE GUIDE HERE)

The reorganisation of traditional investment banking with corporate advisory and capital market transactions is proceeding at UBS where they’re trying to combine the best of both banking worlds, but when it comes to Credit Suisse trading, UBS will show little mercy and will wind up the unit.

• UBS Job Cuts Hit US Investment Bankers (FI)

• GS Launches Sports Advisory As PE Swoops On Football (FN)

• SocGen Shares Plunge As New CEO's Strategy Disappoints (YF)

ASSET MANAGEMENT (GET THE 71-PAGE GUIDE HERE)

A new study by the CFA Institute has found potentially misleading elements in the disclosures of some investment funds, emphasising the importance of clear communication about ESG factors.

• CFA Flags Greenwashing Concerns In Fund Disclosures (FE)

• GS Names Head Of Wealth Investment Solutions For AM (RT)

• Fidelity International Launches "Future Leaders" Fund (FE)

• Canadian Pension Fund HOOPP To Open London Office (RT)

A FEW WORDS FROM MARKET HEDWIG

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

U.S. Federal Reserve officials, who have tentatively embraced the possibility they can curb inflation without a recession, meet this week with an autoworkers strike, a possible federal government shutdown, and a student loan squeeze on consumers posing new risks to that best-case outcome.

• The Fed Wants To Cool Spending (RT)

• US Homebuilder Confidence Falls To Lowest Since April (RT)

• ECB To Tackle Excess Liquidity In Inflation Fight (RT)

PRIVATE EQUITY (GET THE 127-PAGE GUIDE HERE)

• Everton Football Club Acquired By U.S. Private Equity Firm (RT)

• How Private Equity Stacks Up Against The Stock Market (BN)

• Partners Group CEO: PE Entering New Era of ‘Consolidation’ (PY)

WEEKLY RECOMMENDATION

HEDGE FUNDS (GET THE 116-PAGE GUIDE HERE)

• Largest UK Based Hedge Funds In 2023 By AUM (STA)

• Biggest HFs Have Doubled Footprint In US Stocks (RT)

• Ray Dalio’s Former Right Hand Man Says HFs Are ‘Too Comfortable Hiding High Fees’ (FN)

• HFs Sell Energy Stocks, Increase Bearish Bets (RT)

• Renaissance Technologies CEO Says He Has Spent 2,000 Nights Sleeping In The Office (MW)

VENTURE CAPITAL

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

• A Rising Venture Capitalist’s Global Outlook (FOR)

• Saudi Firms Dominate Venture Investment Activity (AN)

• TechCrunch+ Roundup (TC)

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ANYTHING AND EVERYTHING ELSE

• AirPods Pro Get USB-C And A Few New Tricks (TC)

• “I Will Renegotiate Brexit Deal”, Labour’s Keir Starmer Says (POL)

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