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Inside Hippo's S-4 - Jane Street nabs senior volatility trader - How Fidelity values SpaceX, ByteDance

Dan DeFrancesco,Jordan Parker Erb   

Inside Hippo's S-4 - Jane Street nabs senior volatility trader - How Fidelity values SpaceX, ByteDance

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

  • We've got five key details from insurance startup Hippo's S-4 $4.
  • The market for volatility traders is hot, with Jane Street poaching Aaron Katzman, a Barclays MD, $4
  • Find out how Fidelity's $110 billion Contrafund values stakes in unicorns like $4.

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter $4.


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As the home-insurance startup prepares to go public via a SPAC, we did a deep dive on Hippo's recently filed S-4. From its use of AI for pricing and risk management to its approach to regulators, this is everything you need to know ahead of its public debut.

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With stocks like Tesla and GameStop moving violently throughout 2021, volatility traders are in high demand. For Jane Street, that means nabbing Aaron Katzman, a Barclays MD, who will join as a single-stock options trader. $4


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Fidelity's $110 billion Contrafund holds stakes in some of the biggest private companies in the world. We took a deep dive into how the fund values its stakes, and how it has changed since last year. $4


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Evercore is opting to start incoming summer analysts off virtually. But the boutique bank mentioned the possibility of some optional, in-person experience, if conditions permit. $4.


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Jeffries Financial Group is the latest Wall Street firm to announce a virtual summer internship. $4

We've also assembled a list investment banks' and hedge funds' summer internship plans. $4


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Wilson has worked at Balyasny since 2019, joining after nearly a decade at Ken Griffin's Citadel. $4.


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Arora has been at Citi since 1988 and previously led a fintech investment portfolio within the markets and securities services group. $4.


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Deputy general counsel Rick LeBrun is taking on a role in Pimco's alternatives unit. Meanwhile, Nadia Zakir has been named deputy GC and Sung-Hee Suh as chief compliance officer. $4.


Odd lots:

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