Life at Wall Street headhunting firm Durlston Partners appeared picturesque, but some insiders say that wasn't the reality
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Dan DeFrancesco
Dec 22, 2022, 18:45 IST
Source; Marianne Ayala/Insider
It's almost Friday.Dan DeFrancesco checking in from NYC. I'd like to personally thank Steve Cohen, or "Uncle Stevie" to us Mets fans, for all-star Carlos Correa, the latest in a string of signings for the Mets this offseason that have totaled more than $800 million.
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For more on how Cohen went from hedge fund shark to beloved sports owner (at least among his own fanbase), check out our profile.
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1. Life at Durlston Partners.
Insider's Alex Morrell has a gripping report on life at Durlston Partners, a headhunting firm that places talent at some of Wall Street's biggest buy-side firms.
Durlston Partners, or "DP" as it was known within the company, promoted an unbeatable culture. But some employees who worked there allege CEO Vax Bahram also created a culture of fear.
Sometimes you just need to let the story (and the text messages) speak for itself.
3. Top hedge funds are up so big they're sharing the wealth with clients. While bankers aren't sure if they'll even get a bonus, hedge funds are doing so well they're planning to return some profits to their clients, The Wall Street Journal reports. Here are the funds who are feeling generous after a banner year.
5. JPDimon. Jamie Dimon's 17-year tenure on the top of JPMorgan has made him the face of Wall Street. But, as this profile from Bloomberg digs into, who will take the throne at the bank when Dimon finally decides to step down? Here's more on JPMorgan's succession plan.
6. SBF arrives in the US to face fraud charges. The FTX founder was extradited on suspicion of committing "one of the biggest financial frauds in American history," authorities said. Meanwhile, US attorneys say two of Bankman-Fried's top associates, Caroline Ellison and Gary Wang, plead guilty to fraud and are cooperating with authorities. Ellison, the former CEO of Alameda Research, is facing up to 110 years in prison.
10. In case your travel plans hit a snare, here's how you can get some money back. We break down how much money you're entitled to if your airline bumps you from an overbooked flight. Don't settle for a penny less.
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