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TOP 20 HEDGE FUND MANAGERS BY 2023 PROFITS FIRM Assets (billion) Net profits since inception (billion) 2023 profits (billion) Launch year TCI $50 $41.3 $12.9 2004 CITADEL $56.8 $74 $8.1 1990 VIKING $30.5 $40.9 $6 1999 MILLENNIUM $61.9 $56.1 $5.7 1989 ELLIOTT $62.2 $47.6 $5.5 1977...
The issue of illegal migration in the United States, particularly in cities like New York, presents significant challenges. With an estimated 200,000+ illegal migrants in NYC and an exodus of Financial Sector Companies and Employees – prominent tax contributors – relocating to states like Florida, Texas, and Tennessee, the financial implications cannot be ignored. Financial Impact on NYC Taxpayers: Concerns among NYC...
NYC-based bank Citigroup announced 20,000 job cuts in the wake of its poor performance in its latest quarter losing $1.8 billion. "The fourth quarter was very disappointing," Citi CEO Jane Fraser said in a statement, although she hopes 2024 will be a "turning point" for the company.
State Street Corporation is cutting 1,500 jobs by the end of this month The financial services company said the layoffs will amount to more than 3% of its global payroll, which is currently about 42,000 workers. State Street has about 8,000 employees in Massachusetts. It is not yet clear how many of those jobs will be cut.  The job cuts will be the largest at State Street since 2021 when 12,000 mostly...
Florida is one of the best states to live and work in! Favorable tax climate: Florida has zero state income tax or corporate income tax Lower cost of living: Compared to NYC and San Fran, FL offers a lower cost of living, which can attract talent and reduce operating costs Warm weather and attractive lifestyle: Florida's climate and beaches are a major draw for a more relaxed and enjoyable work-life...
  Miami 2024 Venture Capital World Summit - May 10, 2024 - Miami, FL Florida Venture Capital Conference Feb 1 - 2, 2024 - Miami, FL Private Equity International NEXUS 2024 - Mar 6 – 8, 2024 - Orlando, FL HPE Miami 2024 - Mar 6 – 7, 2024 - Miami, FL...
In 2023, the public sector in the United States has experienced a notable increase in employment, with federal, state, and local governments collectively adding 327,000 jobs in the first eight months of the year. This surge in public-sector employment accounts for nearly one-fifth of all new jobs created in the country during this period, a substantial shift compared to the previous year when the public sector contributed only 5% to...
Executives at major financial institutions are willing to quit if forced to return to the office full-time, according to a Deloitte report. The survey of 700 US financial executives in April 2023 revealed that 66% of those who worked remotely part-time would resign if required to be in the office every day. Around 62% preferred remote work but feared it could harm their careers, while over half believed they missed networking opportunities....
Generative artificial intelligence (AI) is not only changing the landscape for marketers but is also poised to reshape the role of recruiters. While this technology can enhance the efficiency of job searches by targeting suitable candidates, it also brings challenges, such as the increasing use of AI-generated resumes. Recruiters have been using machine-learning AI for years, but the introduction of generative AI is expected to revolutionize...
Recruitment processes often unearth unique and unexpected experiences, revealing the diverse array of behaviors and situations candidates can find themselves in. From fabricated excuses to unconventional interview attire and even phone calls taken from unlikely places, the world of recruitment is not short on intriguing anecdotes. Here are three stories shared by recruiters, shedding light on the peculiar encounters they've had while working...