NYSE's new-look direct listing - Hedge funds to watch in 2021 - The next breakout fintech trends

Happy hump day!

Quick note to say the newsletter will be taking a brief hiatus over the holidays. We'll be back on the 31st with a best-of edition, highlighting our top stories from 2020.

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The SEC just approved a new way for companies to go public and raise cash

It's direct listings, but with a twist.

On Tuesday, the Securities and Exchange Commission approved a plan from the New York Stock Exchange that allows companies to raise fresh money during a direct listing. Previously, companies that chose to go public via a direct listing, as opposed to an initial public offering, were unable to issue new shares and raise funds.

Yoonji Han spoke to three securities experts to understand how it works, and what it means for startups eyeing the public markets, of which there are a lot.

Click here to read the entire story.

Here are 12 hedge funds to watch in 2021

As we head into 2021, Bradley Saacks with a nice recap of who to watch in the world of hedge funds. Check out the 12 managers to monitor, along with some reasons why it's worth keeping tabs on them in the new year. Check out the list here.

4 fintech investors highlight the hottest trends to watch in 2021

Speaking of looking ahead, Shannen Balogh surveyed four fintech investors about what to look out for in the new year. She got a wide range of answers, covering everything from finfluencers to innovations in loan origination. Read the full recap here.

18 legal headhunters identify the biggest rainmaker moves of 2020

Nice list from Jack Newsham, Samantha Stokes, and Yoonji Han examining all the high-powered lawyers who moved from one firm to another in 2020. Read about all the people moves here.

A Bank of America survey found rich Americans remain split on their views of the future of the economy

Rich people aren't necessarily sold on the future of the economy, and many are taking investing into their own hands. Carter Johnson with a nice recap from a recent Bank of America survey. Check it out here.

A big year in biotech was a windfall for top IPO lawyers laser-focused on the space

Nice look at the world of life sciences from Samantha Stokes. Biotech companies raised more than $22 billion in public offerings in 2020. Get the full story here.

Odd lots:

Once Labeled the 'Wrong Color,' a JPMorgan M&A Co-Chief Rakes in Billions for the Bank (Bloomberg)

Goldman Sachs, once reserved for the rich, is close to offering wealth management for the masses (CNBC)

A big year in biotech was a windfall for top IPO lawyers laser-focused on the space (BI)

Robinhood User Says $300,000 Restored From Hack, Then Taken Back (Bloomberg)

Goldman Revs Up Legal Machine to Take On Main Street Borrowers (Bloomberg)

Citi's Fixed-Income Traders Likely to See 10% Bump in Bonuses (Bloomberg)