Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.
It’s about three weeks until Steve Cohen returns to the hedge fund industry and he’s already amassed a substantial war chest.
Cohen was banned from managing other people’s money after an insider trading scandal. The ban was lifted this year, and Cohen has already raised at least $US3 billion for the new fund, according to people familiar with the matter. Here’s our story.
Elsewhere in investing news, an infamous mystery trader refuses to give up on a bet that the stock market will go nuts. Investing legend Bill Gross said women have historically ‘gotten the short stick’ – then listed six positive qualities of men. And China just sent out a warning, and it went right over Wall Street’s head.
In deal news, 2018 has all the makings of a monster year for dealmakers. $US10 billion Dropbox has filed the paperwork for an initial public offering. And Carlyle Group just promoted its latest crop of private equity all-stars – here are all the new partners and managing directors.
In crypto news, the crazy-good times for cryptocurrency traders may be over already. A major bitcoin conference is no longer accepting bitcoin payments because the fees and lag have gotten so bad. And 97% of all bitcoin are held by just 4% of addresses, Credit Suisse said in a note Thursday.
Lastly, take a look inside the hidden bedrooms on board Boeing’s 787 Dreamliner.