Archegos ripple effects - Goldman snacks - Barclays internship update

Wall Street's Famous Bull

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

• Barclays updated interns around the world on how their programs will work this summer
• Goldman Sachs bosses reportedly sent snack boxes to junior staff after a survey revealed 100-hour weeks
• Experts in the product that triggered Archegos' $20 billion margin call break down the blowup
• Insatiable demand for riskier debt is enabling sponsors to draft aggressive credit agreements

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

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Blackstone is limiting investors' voting rights in a $1.6 billion deal that could leave bondholders short-changed if things go awry

Brendan McDermid/Reuters

For the second time in recent memory, Blackstone has included language in a new bond deal that caps investors' voting rights at 20%. Here's what you need to know.

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Barclays just told its global 2021 internship class that their 8-week summer gigs will be virtual again this year

Oliver Morris/Getty Images

Barclays is the latest Wall Street firm to announce its internship program will be remote this summer. US interns will begin virtual work on June 21, according to an internal memo. More from that memo here.

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2 experts in the risky product that triggered Archegos' $20 billion margin call break down the market implications of the blowup

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It's been called one of the biggest margin calls in market history, and some say it's still not over yet. See more here.

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Hedge funds are raking in big bucks from their private markets bets. Here's how a new fund from Deerfield exec Alex Karnal and ex-Bridgewater COO Brian Kreiter plans to tap into that trend.

Alex Karnal was the quarterback at MIT before getting into healthcare investing

Andrew Toth/Getty Images

A new fund from Deerfield's Alex Karnal and Bridgewater's Brian Kreiter is jumping on the hybrid train. Braidwell - which sources say is still in the early days of getting set up and meeting with potential backers - will focus on healthcare and life sciences companies that are both public and private. Read more here.

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Odd lots:

Goldman Sachs bosses reportedly sent snack boxes to junior staff after a survey revealed brutal 100-hour weeks

LinkedIn gave us an inside look at their new hiring tool that helps candidates find jobs at companies like Wayfair and BlackRock based on their skills

Restaurant and nightclub mogul Sam Nazarian is now setting up ghost kitchens in apartment buildings

Read the original article on Business Insider

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