Insider finance: Quant trading talent wars

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

• Check out the top headhunters helping Wall Street firms staff up with quant and data-science specialists.
• Goldman Sachs' private wealth co-heads detail their strategy for catering to the next generation of the ultra rich.
• Here's how JPMorgan is starting to think through plans for its new NYC headquarters.

If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

The talent brokers of quant trading: The headhunters at the forefront of Wall Street's systematic-trading and data-science hiring frenzy

Quant and data-science specialists are the lifeblood of many hedge funds, trading firms, market makers, and banks - and the market for them has never been hotter. As the war for talent heats up, we assembled a list of headhunters who specialize in the field.

Meet the talent brokers of Wall Street quant recruiting.

4 portfolio companies backed by Two Sigma Ventures laid out the perks they're offering remote employees, like VR headsets and $10,000 budgets for tricking out their home offices

TSV is helping some of its portfolio companies make a permanent pivot to virtual work. See what these four portfolio companies are doing as remote work becomes the new norm.

Goldman Sachs wants to hold onto its richest clients' kids. The bank's private wealth heads explain how its Marcus unit is helping them do that.

With the world's largest-ever transfer of wealth between generations underway, Goldman is expanding its offerings and focusing on holding onto the next generation of its clients. We spoke with Meena Flynn and John Mallory, the bank's private wealth co-heads, who detailed their strategy for us. Here's what they said.

Inside the secretive world of Wall Street quant recruiting

The trading firms that employ quant and data-science specialists are highly secretive, as are the recruiters they work with. So we spoke with more than two dozen recruiters about their competitive, stealthy field. Take a look inside the world of Wall Street quant recruiting.

Barclays U-turn on an $850 million prison financing is a big victory for activist investors - here's why it keeps banks in check over controversial deals

Barclays dropped plans to raise $850 million for private-prison manager CoreCivic through Alabama after activists cited the bank's previous promise to not fund private prisons. Find out more here.

Wells Fargo is paying its corporate and investment-banking analysts and associates special bonuses up to $20,000 spread across 6 months

Wells Fargo Securities is the latest financial firm to give its young talent gifts after a grueling year handling significant deal volume while isolated at home. Read more here.

A new hedge fund, David Tepper-backed CastleKnight Management, has crushed its first 6 months of trading

CastleKnight Management, founded by Appaloosa partner Aaron Weitman and backed by billionaire David Tepper, has had a fantastic first six months. Get a rundown on its early returns.

HSBC scraps individual offices for execs and tells them to 'hot desk' instead as part of its post-pandemic work plan

HSBC executives no longer have their own offices. Instead, they're being asked to use "hot desks," or rotating workstations. More on that here.

We got a peek at JPMorgan's latest plans for its new NYC headquarters, which show clues about how the bank views the future of office work

A document shared with Insider gives a glimpse into how the bank plans to forge ahead with its new NYC headquarters. See more here.

Odd lots:

WATCH: Two VCs and a CEO taking his startup public break down the pandemic-driven proptech boom (Insider)

The New York Power Lunch Is Back, With New Rules (WSJ)

Credit Suisse Prime Brokerage Co-Heads to Leave Bank After Archegos Losses (WSJ)

Nearly Half of Shopify's C-Suite to Exit (The Org)

Big Law firms are paying up to 6-figure signing bonuses in an 'unprecedented' scramble for junior talent (Insider)

U.S. banks deploy AI to monitor customers, workers amid tech backlash (Reuters)