Under-the-radar hedge funds to watch - Why stocks only go up - Goldman banker jumps to Instacart
We are *checks calendar* one week into 2021, and I am already exhausted.And while the entire world is focused on everything going on in Washington, D.C., one group seems unperturbed: investors.
Nick Giovanni. The global head of Goldman's high-profile technology, media, and telecom (TMT) group is headed off to Instacart, a Goldman client, to serve as its CFO as it prepares for an IPO this year. Giovanni's exit left a hole to be filled, and Goldman wasn't looking to wait around. On Thursday, the bank named Sam Britton and Matt Gibson co-heads of the group.
If you're a reader of this newsletter, at lease one of those names will look familiar. Britton, who previously was the co-head of M&A for TMT at Goldman, spoke with Reed Alexander in December about trends to watch in tech dealmaking in 2021.
He's now at the helm with Gibson, who was the co-head of investment-banking services and co-head of the firm's One Goldman Sachs initiative.Get the low down on Britton and Gibson, the business they are adopting, and the memo announcing the move.
Take a peak behind the curtain at Goldman Sachs Asset Management. Craig Russell and Luke Sarsfield, who co-head GSAM's client business, detail how the $1.8 trillion asset manager is positioning itself. Read more here.pretty ubiquitous at small businesses. Ashley Grech, global head of sales at Square, spoke about how the company is looking to help merchants bridge the gap between online and in-store spend. Read more here.
Facebook hires prosecutor who helped the US government go after Goldman in the 1MDB case to work on 'special investigations'See the full story here.
Biden's pick for the Department of Homeland Security raked in millions at WilmerHale advising Blackstone, Airbnb, PNC80171793
Odd lots:SoFi to go public via SPAC backed by billionaire investor Chamath Palihapitiya (BI)
- IMF projects 11.5% growth rate for India in 2021, only major economy to record double digit growth
- Connaught Place to remain shut as farmers' tractor parade turns violent
- After violent clashes with police, farmers swarm Red Fort
- DMRC closed entry and exit gates of yellow, green, violet and blue lines in surge of farmers protest
- Delhi Police fires tear-gas shells on farmers near Akshardham temple and Sanjay Gandhi Transport Nagar