Finance
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Hedge funder Kyle Bass’s $34 million real-estate short could cost him $1 billion
Bass profited from the 2008 housing crisis and later bet against United Development Funding. UDF sued Bass, saying his “short-and-distort” strategy devastated...
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Money managers from Apollo to BlackRock are scrambling to capitalize on investors’ demand for private markets. Here are 16 people leading that push.
Asset-management firms are broadly ramping up alternative-investment distribution efforts. Increasingly, private markets are also on regulators’ radars as investors flock to them....
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Bank of America’s top tech leader Cathy Bessant named a new right-hand exec to help oversee more than 95,000 employees
Sumeet Chabria, Bank of America’s head of global business services, is now also COO of global tech and ops. Chabria reports directly...
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Insider spoke with 8 of the most powerful Black women in money management about microaggressions, mentors, and career triumphs
Institutional investors control a combined $70 trillion in assets — and the majority of people managing that massive money pile are white,...
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How to start a family office
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: These are the 21 people...
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Adtech company Captify just sold a majority stake in its business to a private-equity firm as it vies to become advertisers’ ‘search intelligence’ alternative to Google
Private equity firm SFW Capital is set to acquire a majority stake in adtech company Captify. Terms of the deal were not...
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6945 pitch decks that legal-tech startups used to raise millions
Funding for legal-tech is nearing $1 billion for 2021 so far. VC firms, private equity, and even traditional law players are pouring...
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Goldman Sachs is transforming under CEO David Solomon
Goldman Sachs CEO David Solomon is taking big steps to transform the bank. Goldman has been pushing into consumer banking and wealth...
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Plaid’s fastest-growing team is focused on helping consumers get a handle on their financial data. Here’s where the $13.4 billion fintech is hiring.
Plaid is building a portal where consumers can see all of their financial-data connections. Users can see which kind of data is...
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Warren Buffett reversed plans to buy a $1.3 billion pipeline to avoid antitrust scrutiny — and its shows how the rich and powerful see Washington’s growing regulatory threat
Warren Buffett’s Berkshire Hathaway abandoned plans to buy a $1.3 billion natural gas pipeline. Buffett’s energy company operates in states where the...