Wall Street Careers®

Trading Operations Associate, NYC $150K Base + Bonus Investment management firm with $20 billion+ AUM focused on hedge fund and private equity strategies. As a Trading Ops Associate, you will be responsible for inputting OTC Trades in the PMS, managing position and P&L reconciliations between systems, overseeing the daily pricing process, post-trade processing of OTC and listed securities, managing collateral, setting up new books, new securities, and new users in PMS, and interacting with Risk Ops, Finance and IT teams. The ideal candidate will have 4-10 years buy-side experience required in trade operations within a Hedge Fund, asset manager, or fund administrator, experience with Fixed Income, OTC derivatives, and post-trade processing, and user experience with PMS systems, Geneva, Arcesium, Enfusion is a plus. This is a hybrid role with WFH 2 days. Please apply with resume to: [email protected]

Billionaire Chris Rokos’s hedge fund cemented its position as one of the best-performing macro money pools so far this year, with year-to-date gains now reaching about 20%. His hedge fund, which manages more than $17 billion, gained around 6% in April, bolstering the returns, a person familiar with the matter said, asking not to be identified discussing performance. Rokos Macro Hedge Fund Returns Source: Investor document and Bloomberg reporting Note: 2024 returns are through April Rokos’s success comes amid a wild year for macro traders so far this year. Many of them found themselves wrong-footed by a broad recalibration in interest-rate expectations, which led to a selloff in US bonds. Those expecting aggressive reductions by the Federal Reserve were disappointed, while Rokos, who’s known for placing high conviction leveraged bets, profited from the market U-turn. The first quarter saw a wide range of returns across macro peers. Performance among global macro funds was the most widely dispersed of any strategy during the period, according to data from fund administrator Citco, with results for tracked hedge funds varying between -10% to north of +20%. Rokos, whose net worth is estimated at $1.8 billion by the Bloomberg Billionaires Index, runs one of the biggest macro hedge funds in the world. He co-founded  Brevan Howard Asset Management in 2002 before starting his own operation in 2015.

Banks have found another way to fight back after private lenders have grabbed ever larger pieces of the lucrative business of financing leveraged buyouts. Citigroup Inc. and Goldman Sachs Group Inc. are among Wall Street giants that served as matchmakers on recent transactions between smaller companies looking for loans and private lenders eager to provide financing. Their pitch to direct lenders boils down to this: we can use our vast network of corporate clients to help you find issuers that want financing, and take them through all the paperwork involved in getting a private loan, for a fee. It’s the latest step that big banks have taken to reclaim business their leveraged lending desks have lost. Historically the biggest buyouts would be funded with junk bonds as well as leveraged loans that were arranged by big banks then syndicated to a wide array of investors. Leveraged finance and related businesses generated about a third of Wall Street’s investment banking fees. But private lenders have been taking more of that business, forcing banks to consider other ways to get involved. In addition to advising direct lenders and smaller companies, firms including Wells Fargo & Co. and Barclays Plc have established formal partnerships with private credit firms to get a foothold in the market. In addition to setting aside a chunk of its own balance sheet to originate private credit deals, JPMorgan Chase & Co. has also been looking for partners.

Tech Layoffs 2024: Tesla, Apple Make Cuts As of April 25, some 266 tech companies have laid off nearly 75,000 workers in 2024.

Join Align, Experienced Advisory Consultants LLC, and Salus GRC for a day of valuable insight and networking at the Emerging Manager Summit NYC on May 15th. Submit an application to attend today: https://bit.ly/3UCxUxl The day will include breakfast, lunch, and informative panels with industry leaders covering various topics pertinent to the alternative investment industry. Visit our event page to learn more about the Summit and explore the panel topics! We hope to see you there. RSVP today as space is limited. #emergingmanagers #alternativeinvestment #summit

Are you an experienced Private Equity Fund Controller Consultant seeking a new opportunity? Our Global Private Equity Fund with over $100B of AUM is looking for a Manager/VP-level consultant to support our fund accounting process. As a super user of Investran with advanced product knowledge, you will review journal entries, month-end close processes, and analyze fund performance on a daily, monthly, and quarterly basis. Ad Hoc requests and special projects as necessary from management will also be part of your responsibilities. The ideal candidate should have a college degree, 8+ years of relevant work experience in PE fund accounting, and be a power user of Excel/VBA/Macro. We are looking for an independent, self-starter who takes ownership of their work. If this sounds like you, submit your resume to [email protected]. This is a virtual position, so you can work from anywhere! #PrivateEquity #FundAccounting #Investran #JobOpening #VirtualWork

The FTC has just announced its new rule banning non-competes, and it's expected to have a significant impact on the business world. According to the agency's estimates, the rule will create over 8,500 new businesses each year, boost innovation, and even lower healthcare costs and raise worker wages. This is a major win for workers/future entrepreneurs.