FT Partners plans for $400 million SPAC — Morgan Stanley arm eyes bitcoin — Top people moves on Wall Street

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

  • FT Partners and Bregal Sagemount are teaming up on a $400 million SPAC.
  • A Morgan Stanley investment arm is reportedly considering making a move into bitcoin.
  • Our weekly wrap of all the people moves across Wall Street.

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. 

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco. 

FT Partners, a top fintech deal advisor, is now raising its own $400 million SPAC with a private equity firm

Another day means another fundraise for a new SPAC. This one comes from boutique investment bank FT Partners and private-equity firm Bregal Sagemount. Check it out here.

Grayscale, the world’s largest digital asset manager, plans to double its staff this year. Here’s what it takes to land a job, according to the CEO.

Hear from the CEO of the world’s largest digital asset management about how to get a job at his firm. Click here to read the entire story.

Morgan Stanley’s investment arm is reportedly considering a stake in bitcoin

One of Morgan Stanley’s investment units is reportedly considering making a move into bitcoin. Get the rundown here.

Citigroup slashed its Chief Executive Michael Corbat’s compensation by over 20% in 2020

Citi CEO Michael Corbat’s compensation took a big dip in 2020. Read more here.

The ad industry is preparing for a big year of M&A as private equity circles

Private-equity firms are zeroing in on making deals in the ad industry. Read more here.

Wall Street people moves of the week: Here’s a rundown of promotions and new hires at firms like Goldman Sachs, Brevan Howard, and Citi

Get the lowdown on all the latest people moves across Wall Street. See more here. 

Odd lots:

Apollo’s LifePoint in Talks to Buy Ardent Health Services (WSJ)

Borrowing Binge Reaches Riskiest Companies (WSJ)

A Week Inside the WallStreetBets Forum That Launched the GameStop Frenzy (WSJ)

Ryan Cohen made millions when Chewy got acquired. Now the millennial entrepreneur has a plan to turn around GameStop. (BI)

Learn more about the financial services industry.


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