Hello and welcome to Insider Finance. This is finance editor Dan DeFrancesco. In case you missed it the Insider Finance newsletter is taking a break after today.
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Morgan Stanley does not offer a Bitcoin ETF to wealth management clients
AP images
Morgan Stanley won’t immediately allow advisors to buy the first Bitcoin ETF for clients. It is currently evaluating the prospectus for the futures-based product, which began trading on Tuesday. More about it here.
Blackstone engineers are looking for hot tech deals
Black stone
Blackstone brings its engineers into the deal room to perform due diligence, review underlying technology, identify opportunities where Blackstone itself can leverage the technology, and even find deals. The company’s CTO describes how technologists do helped the company expand its deal strategy.
Why a PayPal-Pinterest deal actually makes sense
REUTERS / Brendan McDermid
PayPal’s potential acquisition of Pinterest could be exactly the kind of bond both companies need: PayPal could help Pinterest expand beyond its social media roots, while Pinterest could help PayPal reach users earlier on the shopping journey . Why the deal might work.
Apollo Exec wants to double capital markets business
Apollo
Apollo’s new Head of Capital Markets, Craig Farr, plans to double the business to about $ 500 million in fee income within five years – and joked that it might be the “easiest job” he has ever taken. He also told us the following.
A new breed of investor is changing Las Vegas
Thomas Pallini / Business Insider
Blackstone and Vici closed over $ 30 billion worth of deals in Las Vegas this year and acquired valuable Sin City establishments from the Venetian to the Mirage. Their deal spree resulted in roughly 15 of roughly 40 properties on the Las Vegas Strip changing hands – That is why they exploit such iconic properties.
Deutsche Bank has a brand new NYC office
Crystal Cox / Insider
Deutsche Bank opened its new office in NYC in September and started to bring employees back in person. The space has three commercial floors with expansive Central Park views and amenities like a pool table and bar. Take a look inside.
The foundation’s income this year is overwhelming
Phillips Academy
University foundations are seeing their best returns in decades – Northwestern University, for example, had an annual return of 42% at the end of June. We sat down with Amy Falls, Northwestern’s chief investment officer, who shared her playbook on next steps and her plan to hedge against inflation. Here’s what she told us.
On our radar:
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