Not often will you see a hedge fund billionaire badmouth capitalism and take on the issue of income inequality. It just begs for calls of hypocrisy. So consider Paul Tudor Jones fearless. The hedge fund manager and philanthropist suggested that the current form of capitalism that’s being practiced is rather archaic – both from a social responsibility perspective and, in a way, on a macroeconomic level. Speaking to CNBC, Jones said that economist Milton Friedman’s oft-cited pillar of...

If you work at Deutsche Bank, you may want to raid the supply closet and store up on as many staples and pens as you can. The German lender’s latest cost-cutting measure signals the bank is willing to slash just about anything to save a few dollars. Earlier this month, Deutsche Bank circulated a memo noting that free fresh fruit will no longer be provided to employees, according to the FT. Bankers will now need to dip into their own wallet to stave off scurvy, it appears. Interestingly, the...

Despite an excellent first quarter, traders have generally taken it on the chin for a full decade now. The onslaught of regulations and risk-averse corporate strategies have done more than just result in thousands of pink slips for traders. The job has gotten more boring and less lucrative as well. But a reprieve may be in sight. Volcker 2.0 is coming, and it just may jazz up the workdays of sell-side traders. The much-anticipated overhaul of the Volcker Rule, which bans proprietary trading...

London-based Metric Capital Partners is going to give Virgin billionaire Richard Branson some additional help. The private equity firm, which will be co-managing Branson’s planned $600m fund, plans to add headcount both in London and in the U.S. A source close to the firm told eFinancialCareers that Metric Capital hopes to eventually hire as many as 10 investment professionals split between London and a yet-to-be-determined office in the U.S., likely in New York, though other cities will be...

Private equity may be the most difficult sector to break in to in all of financial services. European PE firm Terra Firma is said to receive 250 applications for every available role. Search firm Private Equity Recruitment (PER) says it receives around 2.5k resumes each month and helps facilitate roughly 250 hires a year. So what differentiates the needle from the haystack? It’s not the CV, believe it or not. Most resumes include prestigious universities and top investment banks and...