How it feels to become a Goldman partner — What Biden’s financial-policy transition team means for Wall Street — Paul Tudor Jones turns to bitcoin

Heather von Zuben

Summary List Placement

US coronavirus cases and hospitalizations continued to climb over the weekend. 

Meanwhile, DoorDash released its paperwork to go public on Friday, and Airbnb’s S-1 is expected to drop this week. 

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Goldman’s newest partners share what it’s like to get the call

What is it like to get the call you’ve been working towards your entire career?

Reed Alexander and Dakin Campbell with a nice story on how some newly-minted Goldman Sachs partners found out the news. 

Reed and Dakin offer some great color from people whose lives have been forever changed. 

Click here to read the entire story.

What Biden’s financial-policy transition team could mean for Wall Street 

Yoonji Han spoke to securities lawyers to understand what Gary Gensler, President-elect Joe Biden’s pick for leading his financial policy transition team, means for Wall Street.

Gensler, who spent 18 years at Goldman Sachs, is no stranger to public office, having served as chairman of the CFTC.

Read the whole story here. 

Bitcoin has helped billionaire Paul Tudor Jones put up above-average returns so far this year


Meet the 7 new partners in Goldman Sachs’ elite TMT division

  Alibaba's CEO said China's new tech regulations are 'timely and necessary' as the nation aims to keep internet firms from growing into powerful monopolies

Speaking of Goldman’s partners, the bank’s technology, media, and telecommunications (TMT) investment-banking group had a big day on Thursday, adding seven new partners from the group. Meet the seven new partners from the team. 

Rents in top NYC shopping districts are crashing and dark storefronts are multiplying


As Dan Geiger reported on Saturday, Ralph Lauren has agreed to sublease a large store formerly occupied by its Polo brand on Fifth Avenue for just a fraction of the astronomical rent the fashion label pays for the space.

The deal offers a stark data point that illustrates the sharp decline of the brick-and-mortar store retail market amid the Covid pandemic and the yearslong advance of e-commerce.

Read the full story here.

Here are the DoorDash investors who may be set for a windfall 

The San Francisco-based delivery startup DoorDash on Friday filed paperwork to go public, detailing its investors shedding more light on who is set to benefit from its initial public offering.

Giant institutional investors with stakes include Fidelity, through funds like its $125 billion Contrafund, and T. Rowe Price, through funds including its $61 billion Growth Stock Fund. 

Read the full story here.  

Odd lots:

Former employees at Jones Day claim there is a ‘boys’ club’ culture and sexual discrimination at the powerhouse law firm representing Trump’s campaign (BI)

How Uber-founder Travis Kalanick’s real estate buying frenzy could turn ghost kitchens into a new speciality asset …read more

Source:: Businessinsider – Finance


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