Wall Street: A headhunters’ rapid ascent

The latest in finance.
View in browser
INSIDER
Subscribe

10 THINGS ON WALL STREET

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.

For more on how Cohen went from hedge fund shark to beloved sports owner (at least among his own fanbase), check out our profile

Today, we've got stories on book recommendations that make a perfect last-minute gift for the Wall Streeter in your life, why some hedge funds are feeling generous with their clients, and what to do if you get bumped from your flight home over the holidays

But first, inside a headhunter's rapid ascent. 


If this was forwarded to you, sign up here. Download Insider's app here.


Durlston Partner founder Vax Bahram surrounded by quotes from various communications with company employees

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.

Click here to read more about life inside Durlston Partners and allegations about the leadership of Bahram.


In other news:

Celebrities who went viral on TikTok in 2022.

2. These books don't suck. If you're still scrambling to sort out some last-minute holiday gifts, we've got you covered. We asked our past few classes of Wall Street rising stars to recommend books. Here are the 35 they picked that'll be the perfect stocking stuffer for the banker or trader in your life. (And if I might add a personal suggestion, "Going Public" by Insider's own Dakin Campbell is a terrific read as well.)

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

4. What to expect in healthcare in 2023. We asked 7 bankers and investors to make some predictions about the space next year. From big bets being placed on AI to a rise in direct-to-consumer startups, here's how they see 2023 shaking out.

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.

7. Learning TikTok dances could help you close some deals. Consolidation is coming to the creator economy, which means more dealmaking (and fees!). Here are a rundown of the 22 deals this year, along with top trends set to define the space in 2023, according to experts

8. The secret to your success could be a parasite in your brain that's found in cat poop. The microorganism Toxoplasma gondii, or Toxo, leads to an elevated appetite for risk in its host. More on why this brain parasite could be what causes some people to start their own companies

9. Your best investment might be the one on your wrist. Rolex watches have outperformed gold, real estate, and stocks over the past decade. Here's why a luxury watch is still a good bet in 2023

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.


Curated by Dan DeFrancesco in New York. Feedback or tips? Email ddefrancesco@insider.com, tweet @dandefrancesco, or connect on LinkedIn. Edited by Jeffrey Cane (tweet @jeffrey_cane) in New York and Hallam Bullock (tweet @hallam_bullock) in London. 

 

Older messages

The Warren Buffett diet

Wednesday, December 21, 2022

Plus: Entrepreneurs may have brain parasites, and living-room trends for 2023. View in browser Subscribe December 21, 2022 Hello, Insiders. It's almost time for New Year's resolutions. And

Wall Street: Oops, Wells did it again

Wednesday, December 21, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Happy hump day. Dan DeFrancesco in the Big Apple, and I'm loving this New York story about the

From $800 million to bankrupt

Tuesday, December 20, 2022

Plus: Nike surveys revealed, and nearly $1 billion smuggled out of Afghanistan. View in browser Subscribe Nicholas Carlson, December 20, 2022 Hello, Insiders. Today's edition is packed with

Wall Street: PE wants all the data

Tuesday, December 20, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hiya. It's Dan DeFrancesco in NYC, and I'm trying to figure out a way to cook these mashed potatoes

More Musk chaos

Monday, December 19, 2022

Plus: Royal drama over Netflix series, and disappointing train travel pics. View in browser Subscribe Nicholas Carlson, December 19, 2022 Hello, Insiders. Given how terrible social media can be for

You Might Also Like

Issue #276: When to have The Talk

Tuesday, March 18, 2025

plus capybara gender reveal + Taco Bell ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Is Manus The New DeepSeek? - Issue #516

Tuesday, March 18, 2025

FTW AI: How Manus ai is redefining automation in business. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏

AI is Disrupting Marketing - Here's How You Can Profit

Tuesday, March 18, 2025

Fortune 1000 Brands Are In - Are You? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

When your household appliances break down…

Tuesday, March 18, 2025

Home insurance may not cover it ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

🧊 Take that, inflation

Tuesday, March 18, 2025

The Fed finally got a win, Europe and Canada revealed tariffs of their own, and a Cybertruck at Mardi Gras | Finimize TOGETHER WITH Hi Reader, here's what you need to know for March 13th in 3:11

A Shot at Earning While You Sleep Just Got Easier...

Tuesday, March 18, 2025

Sleeping is Easy; Trading Should Be As Well ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

How much interest are you earning on savings?

Tuesday, March 18, 2025

It could be a lot more ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

🚙 Lyft put its turn signal on

Tuesday, March 18, 2025

Plus, the FTC is moving ahead with its Microsoft probe, and Muhammad Ali's forgotten KO | Finimize TOGETHER WITH Hi Reader, here's what you need to know for March 14th in 3:15 minutes. Lyft

📝 Money isn’t just money

Tuesday, March 18, 2025

Plus, a special promotion to help you save. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏

Banking's Disruptive Competitors

Tuesday, March 18, 2025

The BDC Story: Bringing Private Credit to Retail ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏