Summary List Placement
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- Barclays updated interns around the world on how their programs will work this summer
- Goldman Sachs bosses reportedly sent snack boxes to junior staff after a survey revealed 100-hour weeks
- Experts in the product that triggered Archegos’ $20 billion margin call break down the blowup
- Insatiable demand for riskier debt is enabling sponsors to draft aggressive credit agreements
Blackstone is limiting investors’ voting rights in a $1.6 billion deal that could leave bondholders short-changed if things go awry
For the second time in recent memory, Blackstone has included language in a new bond deal that caps investors’ voting rights at 20%. Here’s what you need to know.
Barclays just told its global 2021 internship class that their 8-week summer gigs will be virtual again this year
Barclays is the latest Wall Street firm to announce its internship program will be remote this summer. US interns will begin virtual work on June 21, according to an internal memo. More from that memo here.
It’s been called one of the biggest margin calls in market history, and some say it’s still not over yet. See more here.
Hedge funds are raking in big bucks from their private markets bets. Here’s how a new fund from Deerfield exec Alex Karnal and ex-Bridgewater COO Brian Kreiter plans to tap into that trend.
A new fund from Deerfield’s Alex Karnal and Bridgewater’s Brian Kreiter is jumping on the hybrid train. Braidwell — which sources say is still in the early days of getting set up and meeting with potential backers — will focus on healthcare and life sciences companies that are both public and private. Read more here.
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