All the Biggest Tombstones: M&A, ETF, Mailbag
Investment bankers are adapting to the current environment by charging more fees upfront and requesting a chunk of breakup fees if deals don't close for regulatory reasons. Efforts are being made in the ETF industry to include private assets into ETFs, but there is no definitive solution yet. Big financial institutions are interested in having a pile of private companies to sell to their customers, while private companies prefer not to go public. The SEC's view on securities has expanded due to crypto, leading to a reevaluation of what constitutes a security. Hedge funds provide financial services by intermediating trades and offering liquidity. The Money Stuff Podcast can be found on Bloomberg TV daily from 9 to 11 a.m. Eastern.