It’s the last day before Turkey Day. Things tend to be quiet today. But the way this year has gone, who knows.
A programming note, the newsletter will be off Thursday and Friday. But we’ll be back in action on Monday, so fear not.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco.
BlackRock is making a $1 billion bet on a trendy type of indexing
REUTERS/Ruben Sprich
BlackRock announced earlier this week its plans to buy Aperio, a California-based investment provider.
Rebecca Ungarino has some nice analysis on why the asset manager is betting big on separately managed accounts, which allow investors to customize them as they see fit.
Click here to read the entire story.
A first-generation college student from an HBCU crushed her virtual internship at BlackRock and landed a full-time offer
Tamia Marrow
Reed Alexander with a nice look at a BlackRock intern who was offered a full-time job upon her graduation. While that might not seem too interesting, Tamia Marrow's journey to Wall Street is definitely worth a read. Check it out here.
Activist investor Sian Capital is going after pharma company Opko Health for dragging its feet on a potential COVID treatment
Bradley Saacks with a nice look at how Sian Capital, an activist investor, is pushing Opko Health to speed up its work on a potential COVID treatment. Bradley has the full rundown. Read the story here.
A utilities-focused hedge fund that managed $319 million is shutting down, with its staff moving to Point72
Nice scoop from Jack Newsham about a hedge fund shutting down and its staff getting picked up by Steve Cohen's Point72. Read the whole story here.
Read the 14-page pitch deck fintech HMBradley, a neobank offering interest rates as high as 3%, used to nab $18.25 million
HMBradley
Pitch-deck alert! Here's a fun one from challenger bank HMBradley, which has a different business model than most startup banks. Check out why the bank is focusing on deposits, as opposed to revenue from interchange fees. Read the deck here.
Odd lots:
JPMorgan Chase pays $250 million penalty over weak controls in its wealth management division (CNBC)
Deutsche Bank Weighs Move to 2-Days-a-Week Remote Working (Bloomberg)