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US stock markets hit new all-time highs this week, but were set to fall on Wall Street on Friday
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Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

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A new investor letter maps out $6 billion Schonfeld Strategic Advisors’ growth, its first-ever CEO, and new training program, highlighting its transition since it started accepting outside money 5 years ago

Steven Schonfeld, Ryan Tolkin, Andrew Fishman
Steven Schonfeld and his senior management continue to grow their team.
Michael Nagle/Getty

From a first-ever CEO to a training program for investors, big changers are afoot at Schonfeld Strategic Advisors.

We've got the newest letter to investors that details the plans for the $6 billion hedge fund that has grown a lot since opening to outside capital five years ago. 

Click here to read the entire story.

WATCH: Three of the world's foremost IPO experts break down the current boom in tech offerings and explain why the bull market still has legs

forescout IPO
Forescout during its IPO in October 2017.
Forescout

Check out our recent webinar on the IPO market that featured Goldman Sachs' Kim Posnett, Latham & Watkins' Greg Rodgers, and Lead Edge Capital's Mitchell Green. Read more here.

Meet the Robinhood mafia: These 10 former employees are raising millions of dollars for their own startups

robinhood cofounders
Robinhood

We mapped out the venture-backed projects 10 former Robinhood employees are working on that span from a capital-as-a-service lender to a social-gaming startup. See more here. 

Odd lots:

Behind Knotel's meltdown: A dozen insiders trace the coworking firm's turbulent fall into bankruptcy after losing $400 million in 2 years (BI)

The SEC is hunting down possible misinformation on social media posts for signs of fraud in Reddit-driven trading frenzy, report says (BI)

This Hedge Fund Made $700 Million on GameStop (WSJ)

The rich are gaming the system to get COVID-19 vaccines using hefty donations and cozy relationships with CEOs (BI)

Meet Ribbit, the dark-horse VC firm that saved Robinhood's hide by leading a $2.4 billion emergency funding round (BI)

$1.4 billion mental health startup Talkspace is going public. We pored over its 276-page filing and spoke with its founders to find 4 key takeaways that could determine its success. (BI)

Klobuchar to Introduce Antitrust Bill Raising Bar for Technology Deals (WSJ)

McKinsey fires investment bank researchers after policy breaches (FT)

Credit Suisse Was Alerted to Private Banker's Misconduct Years Before Criminal Charges (WSJ)

Read the original article on Business Insider