Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- A former BlackRock employee has created an online petition about the firm addressing discrimination allegations.
- Wall Street’s exodus to Miami continues. Top real-estate brokers in the area give a peak inside the market.
- A recent Morgan Stanley promotion hints at the bank’s plans for usage of the cloud.
We are also looking for nominations for upcoming list of top equity research analysts under 35. Find out more about the list, and how to nominate someone here.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco.
Thousands sign online petition created by former BlackRock employee calling on the firm to address discrimination allegations
A petition created by a former BlackRock employee has drawn thousands of signatures as it calls on the firm to address harassment and discrimination allegations. Read more here.
Kirk McKeown is leaving Steve Cohen's Point72, the 2nd recent senior data exec to depart the hedge fund in the past 2 months
A second top data executive has left Steve Cohen's Point72 hedge fund in as many months. Read more here.
Inside Miami's red-hot real-estate market, fueled by finance and tech transplants from both coasts
The New York-to-Miami shift for financial firms continues. Read more here.
A wave of innovation is transforming IPOs. 3 insiders lay out what changes are next - and what could bring it all crashing down.
A panel of IPO experts from Goldman Sachs, Lead Edge Capital, and Latham & Watkins spoke to Insider about the explosion of options to enter public markets. Read more here.
Morgan Stanley just tapped a 34-year veteran of the firm as its first-ever head of cloud and architecture as the bank embarks on a broader adoption of the tech
Morgan Stanley named its first-ever head of cloud and architecture, a nod to its push to lean on more of the tech. Get the full rundown here.
GENERATION ROBINHOOD: How the trading app conditioned inexperienced users to obsessively play the market
Insider spoke to Robinhood users and experts to see how the app is so good at getting its inexperienced customers obsessed with playing the market. Click here to read the entire story.
Lazard CEO Ken Jacobs just dropped some clues about how his firm plans to grow its $259 billion asset manager, which includes scooping up talent from smaller firms and promoting 7 MDs
Lazard executives said they're eyeing "smaller teams" as a way to bulk up their asset manager. Find out more here.
Billionaire Lee Ainslie is telling investors that his $9 billion Maverick Capital is 'poised to take advantage' of the post-GameStop-frenzy market
Billionaire Lee Ainslie believes there are long and short opportunities in the wake of the surge in retail trading. Read more here.
Inside Robinhood's 5 days of chaos
Here's a breakdown of how the past week has been for Robinhood, the app at the center of the GameStop frenzy. See more here.
Wall Street people moves of the week: Here's a rundown of promotions and new hires at firms like Goldman Sachs and Deutsche Bank
Here are all the biggest people moves across Wall Street from the past week. Check them all out there.
Odd lots:
Renaissance Hit With $5 Billion in Redemptions Since Dec. 1 (Bloomberg)
Cathie Wood Has Wall Street's Hottest Hand. Maybe Too Hot. (WSJ)