A regulator’s bid to boost a reporting threshold for cash managers seems to have gotten no support from the public.
Institutional buyers submit a 13F filing every quarter that discloses their fairness holdings. The Securities and Change Fee proposed to boost the reporting threshold from $100 million to $3.5 billion.
Nonetheless, according to Reuters, evaluation by Goldman Sachs of nearly all of the two,262 letters filed throughout a remark interval weren’t supportive. Actually, Goldman says 99% of letters submitted opposed the proposal.
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Trying to get a job at Blackstone?
You are not alone. Loads of individuals need to work on the world’s largest different funding supervisor. It is 2020 first-year analyst class had 19,000 candidates, with a 0.5% acceptance rate.
Fortunate for you, Casey Sullivan and Reed Alexander went inside the PE giant to know what Blackstone appears to be like for in candidates. That included chatting with Blackstone president Jon Grey and Paige Ross, the firm’s global head of human resources.
Click here to read the entire story.
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Bradley Saacks and Sawyer Click mapped out the funds which have sprung up from former workers of Millennium Management, the huge hedge-fund supervisor based by the billionaire Israel Englander greater than 30 years in the past. Click here to check out the interactive map.
REUTERS/Lucy Nicholson
Goldman Sachs formally released an internal data platform to most of the people by way of Github. Bradley Saacks spoke to Neema Raphael, Goldman’s co-chief knowledge officer, to know the financial institution’s motivation. Read more here.
Getty Photographs
A number of funds firms have done well in the wake of the coronavirus, as digital funds have skyrocketed. Now it is time to pay it ahead. Michael Miebach, Mastercard’s president and CEO-elect, spoke at Business Insider’s Global Trends Festival about what the funds business can do to help SMBs and consumers impacted.
Odd tons:
US banks warn bonuses will not keep pace with profits (FT)
Pressure on New York City Commercial Real Estate Worries Investors (WSJ)
How Robert Smith played hardball with IRS over unpaid taxes (FT)
Goldman Sachs expects rejection of SEC plan to raise 13F reporting threshold (Reuters)
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