R.I.P. Wall Street Robo-Advisors
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News of the robo-advisor’s death may be premature. But they’ll soon be under the same pressure to outperform the market as the humans they’re replacing.
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Fintech News Stories
Autism on Wall Street
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We noticed an interesting story in Institutional Investor recently, on the unique trials and travails of Wall Streeters who also happen to be on the autism spectrum.
Read MoreIs the Death of the IPO Greatly Exaggerated?
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You might have heard the news over the past few weeks: The IPO is officially dead. Yes, many were quick to claim that Uber’s less-than-stellar (and that’s putting it mildly) stock debut was the final death knell of the “IPO craze.”
Read MoreWhat Prison Is Like for White Collar Criminals
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In light of Michael Cohen’s conviction and prison entrée on May 6, we thought we’d share a fascinating story from Institutional Investor on what white collar criminals and Wall Streeters face in prison. Since the 80s and the height of the “greed is good” era, there has been a perception that the minimum security prisons that white collar felons go to are more akin to hotels (think “Club Fed”).
Read MoreMuni Quants
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“At least for the foreseeable future, quants aren’t going to displace traditional fixed-income traders. Bonds—and especially munis—are by definition less homogeneous than equities and don’t lend themselves to perfect automation.” That’s the assessment by Bloomberg’s Brian Chappatta. In the past, Chappatta has made the point that muni-related roles have been a relative Wall Street oasis for job seekers with the required skills.
Read MoreLow volatility is not the core reason for Wall Street’s employment malaise.
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We were interested in CNBC’s Bob Pisani’s recent article pointing out the so-called “paradox” in equities hitting a record high while Wall Street headcounts and compensation head south. Our contention with his argument is that it ascribes much of the paradox to recent years of low market volatility
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