Hints and tips:
...The companies said on Tuesday they would form a joint venture to develop Stratos, a project under construction in west Texas that aims to extract carbon emissions from the atmosphere....
...BlackRock, the world’s largest money manager, and Jio Financial Services each plan to invest up to $150mn in the 50-50 venture....
...If there was a risky venture, that was the point of Citigroup. The point of Citigroup was to get money from lower return businesses into higher return businesses....
...Overall assets in the firm, founded in 1968 by Peter Brooke, now total $65bn....
...While the BlackRock review was going on, technology companies and venture capital firms were depositing a flood of cash into SVB....
...Additional reporting by Brooke Masters in New York and Andy Lin in Hong Kong...
...Smart reads Rewriting the rules The departure of Bernard Looney is an example of how boards are stepping up their scrutiny of executive behaviour, the FT’s Brooke Masters writes....
...It raised $42mn in January and has backing from Peter Thiel, the venture capitalist who has been bankrolling populist Republican US Senate candidates....
...Lovelace points out that Capital has dabbled in the area: venture giant Sequoia was founded under its aegis in the 1970s....
...Brooke will be back with you next week....
...Brooke Masters and Harriet Agnew report on asset managers pouring money into tech platforms, in a bid to emulate the success of BlackRock’s software as a service....
...BlackRock’s new strategy is effectively a joint venture between its renewable and infrastructure investors, Valentine Andrews said....
...Cannon-Brookes, who took the stake through his private investment fund Grok Ventures, argued that AGL’s plan to split the coal plants from the retail business would miss the opportunity to use the company...
...Grok Ventures, for another take-private bid....
...Vanguard is closing the gap on BlackRock’s lead in the $6.6tn US exchange traded fund market, a pivotal battleground for the world’s two largest asset managers, write my colleagues Brooke Masters and Chris...
...My colleague Brooke Masters and I interviewed Ramaswamy for a double serving of FT analysis this week....
...With the US currently tipping into another tech-driven bear market, WorldCom’s $104bn bankruptcy (still the third-largest in US history) contains important warnings, writes Brooke Masters....
...Cannon-Brookes, whose investment firm Grok Ventures is Brookfield’s only partner in the consortium, said the initial offer was “only the starting gun”....
...Through his investment firm Grok Ventures, he is also a big investor in renewable energy....
...DD ventures to guess he’s correct. There can only be one Oracle of Omaha, after all....
...NYCA, a boutique fintech investment firm and US Venture Partners What’s the revenue model? We are a software as a service business. We charge banks a transactional fee....
...One thing to start: Sequoia Capital is not an asset manager in the traditional sense, but the group — considered by many to be Silicon Valley’s top venture capital firm — is certainly reshaping the landscape...
...Brooke Masters says Apple remains dug in for a long war. 2....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on Twitter...
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