Private equity firm Partners Group just got hit with a trade-secrets lawsuit from a railroad company that says it took investment ideas

Partners Group spokeswoman: "The lawsuit filed today is wholly without merit, and Partners Group will vigorously defend against the asserted claims."

January 20, 2020   |   View Online »

Private equity firm Partners Group just got hit with a trade-secrets lawsuit from a railroad company that says it took investment ideas Casey Sullivan | Partners Group spokeswoman: "The lawsuit filed today is wholly without merit, and Partners Group will vigorously defend against the asserted claims." Read More »

Morgan Stanley reveals new details about how it's planning to add 1 million clients to its $2.7 trillion wealth business Rebecca Ungarino | Over five to seven years the firm expects to shift more than 1 million employee participants to its wealth arm's advisory or digital channels. Read More »

'We fell short in Q4': WeWork only hit 73% of an internal enterprise growth target for 2019, leaked memo shows Meghan Morris | Last year, WeWork added 108,000 desks for companies with over 500 employees, a key customer base. Fourth-quarter leases also dropped steeply. Read More »

Bank of America promoted 74 new managing directors in its sales and trading division — we have all the names Alex Morrell | The managing director title is the highest at the firm and, as the internal memo states, it is considered a "prestigious career milestone." Read More »

Read 58 pages of letters revealing how WeWork convinced a skeptical SEC to let it use a wonky metric that tested accounting rules Dakin Campbell | WeWork's lawyers successfully persuaded the SEC to let it use the widely panned non-GAAP financial metric known as contribution margin. Read More »

Charles Schwab just pulled the plug on a nearly $100 billion program where rival firms paid to sell ETFs Rebecca Ungarino,Bradley Saacks | The move underscores the tug-of-war going on between asset managers desperate to cut costs and distribution platforms racing to be the cheapest. Read More »

Here's how real-estate startups like SoftBank-backed Opendoor find new markets for buying up houses and flipping them at a profit Alex Nicoll | Phoenix is the hub of iBuyer activity, and the model's expansion has centered around the Sunbelt. Markets like Boston and New York are hard to crack. Read More »

A big reorg is underway in Bank of America's bond-trading division, and the global head of credit is leaving the firm. We have the memo with all the moves. Alex Morrell | The bank is forming two units and appointing new leadership. Frank Kotsen, the global head of credit trading, is leaving the company. Read More »

The head of Merrill Lynch explained why the firm has zero interest in buying a robo-adviser — and it shows how buzzy wealth-tech startups are in a tricky spot Rebecca Ungarino | Standalone robo-advice and wealth-tech firms may be in a tricky spot as legacy firms invest in their own tech. The pipeline of new startups in the space has ground nearly to a halt. Read More »

Why Barstool Sports is a hot acquisition target for a gambling operator, according to sports-betting insiders Ashley Rodriguez | Barstool is reportedly close to selling to casino company Penn National. A deal could spur more tie-ups between media and sports-betting firms. Read More »

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