Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
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.
Billionaire Seth Klarman’s Baupost pumped nearly $200 million into 6 new SPAC bets in the fourth quarter
SPACs are hot right now, and billionaire Seth Klarman has been a big backer of the blank-check companies. The founder of the Baupost Group has put hundreds of millions into SPACs, including ones run by Dan Och and Dragoneer CEO Marc Stad.
Goldman Sachs’ Marcus officially launched its Click here to get the rundown., marking the next step in the bank’s attempt to appeal to Main Street. Sonali Divilek and Andrea Finan, executives overseeing the roll-out, laid out the product’s plans.
Longtime Goldman Sachs trading exec Michael Daffey is out, joining a stream of partners heading for the exit. Read the full memo from CEO David Solomon on the departure.
Another Goldman Sachs’ veteran is departing the prestigious Wall Street firm. Read more here.
Morgan Stanley is expanding the number of participants and size of investments for its Multicultural Innovation Lab. Read more here.
Get the scoop on the latest fintech to eye the public markets. See more here.