Private-equity recruiting backs off — Barclays trading rout — Alts gatekeepers

Meredith Mazzilli   

Recruiting for private-equity associates is looking a whole lot different this year. As Reed Alexander and Casey Sullivan reported, private-equity firms and headhunters are backing off from going after young investment bankers in their first few weeks on the job — and $4

It's a big reversal after years of one-upping to nab top talent out of investment banks. PE associate $4, marking its earliest-ever kickoff.

Speaking of recruiting, we've also assembled an interactive database of Wall Street recruiters that you can browse by specialty. You can check it out here:

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More below on the hiring track record of $4 a big trading $4 at Barclays; what Facebook is $4 in its huge new NYC office (and what that says about the ailing leasing market); and a $4 who decide which private-markets investments are making their way into the hands of wealth-management clients.

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Wells Fargo Chief Executive Charlie Scharf apologized on Wednesday for remarks revealed in a $4 that showed he believes there is a dearth of Black talent to recruit.

Scharf has been shaking the bank up with new hires since he joined Wells as CEO in October 2019. Rebecca Ungarino took a look at this unique chance to transform the firm's management team — and $4

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Barclays' distressed-credit team has had a difficult stretch in 2020. That comes as sell-side distressed trading in general has taken a bath amid the upheaval from Covid-19, even as fixed-income trading numbers $4 in aggregate. $4

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While many financial firms $4, one of the largest data providers to the Street is fully embracing flexible working.

In a conversation with Dan DeFrancesco, Refinitiv CEO David Craig shared that his company has seen a 20-30% increase in productivity on core operational areas since remote work began.

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Office landlords are lowering rents and sweetening leasing deals to convince tenants to take space. The concessions show just how hard it is to get companies to jump in on office deals right now.

Look no further than Facebook's blockbuster lease at the $4 on Manhattan's West Side, where sources say the social media giant was able to secure a 9% discount on the deal. $4

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For Wall Street firms with big wealth businesses, an enormous amount of due diligence is required when allowing more exotic investments into the hands of financial advisers' clients.

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Banking

• $4 Goldman Sachs just sent announcing a leadership shakeup in its powerhouse M&A group
• Snowflake's mega IPO resulted in more than $100 million in fees for investment banks. $4 Goldman Sachs, Morgan Stanley, and 8 other banks each made.

Real estate

• Demand for lab space is booming, and real-estate giant JLL just hired a $4 to lean into the opportunity
• Giant mall owner Brookfield Properties is $4 and redeveloping what's left into 'mini cities' that blend shopping with residential space

Hedge funds

• Nasdaq follows the NYSE in $4 SEC's proposal to drastically limit visibility into money managers' investments
• Meet the former Goldman Sachs MD who has an $4 to boost the number of women overseeing funds at big money managers

Fintech

• A fintech that pairs small-business borrowers with lenders just launched $4 aimed at reinvigorating the space after a pandemic-induced slump
• A compliance startup that helps early-stage companies close deals with incumbents j$4 from Canapi Ventures, Bain Capital, and NYCA
• Here's the $4 that payments startup dLocal used to raise $200 million from General Atlantic at a $1.2 billion valuation

Legal news

• Here's how Columbia, NYU, and 4 other law schools are $4 for students this year
• New York's top judge is $4 even as complaints of tech issues mount and other states let law grads skip the test and still practice law

Professional services

• PwC's inclusion chief lays out why the Big 4 firm $4 in 'uncomfortable' detail and how other companies should follow suit
• Accenture execs say that the firm's consulting and strategy work $4 within a year

Odd lots

• A former Esquire exec $4, alleging age and gender discrimination.
• 'It's like being in a sci-fi nightmare film': $4 Amazon workers are crowding stores, ignoring virus protocols, and hounding them for help as online orders surge