BlackRock CEO Larry Fink made it clear Monday that his firm’s acquisition of London data provider Preqin is part of a much larger vision he has to make private markets a lot more investable.
Cryptocurrency News: Cryptocurrency prices pared gains Monday after an early rebound above $63,500 after Binance scored a partial victory in its lawsuit against the SEC. Elsewhere, Japanese investment adviser Metaplanet said it bought $1.2 billion of bitcoin. CoinDesk reported that Metaplanet bought 20.2 bitcoin, moving ahead in its strategy to increase its bitcoin holdings by $6 million.
The money manager is buying Preqin, a London company that is little known outside of financial circles yet has a Wall Street reputation as a leading source of data on private markets.