| A regulator's bid to raise a reporting threshold for money managers appears to have gotten no support from the public. Institutional investors submit a 13F filing every quarter that discloses their equity holdings. The Securities and Exchange Commission proposed to raise the reporting threshold from $100 million to $3.5 billion. However, according to Reuters, analysis by Goldman Sachs of the majority of the 2,262 letters filed during a comment period were not supportive. In fact, Goldman says 99% of letters submitted opposed the proposal. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Tune in on Tuesday, October 27 at 12:00 pm ET for a virtual event sponsored by Salesforce, looking at how Professional Services firms are navigating and driving growth during the COVID-19 era. Register here. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Trying to get a job at Blackstone? You're not alone. Plenty of people want to work at the world's largest alternative investment manager. It's 2020 first-year analyst class had 19,000 applicants, with a 0.5% acceptance rate. Lucky for you, Casey Sullivan and Reed Alexander went inside the PE giant to understand what Blackstone looks for in candidates. That included speaking to Blackstone president Jon Gray and Paige Ross, the firm's global head of human resources. Click here to read the entire story.
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