CME trading floor — CHICAGO - OCTOBER 14: Traders watch prices in the Dow Jones Industrial Average stock index futures pit on the CME Group trading floor October 14, 2009 in Chicago, Illinois. Today the Dow closed above 10,000 for the first time in a year and seven months after it hit a 12-year low of 6,547.05 on March 9. (Photo by Scott Olson/Getty Images)
Scott Olson/Getty Images

The weekend's almost here.

Apollo Global Management and Leon Black, its billionaire CEO, will have an outside law firm investigate the financiers ties to convicted sex offender Jeffrey Epstein.

For years, reports have circulated about the ties between Black and Epstein. Meanwhile, Black has maintained his relationship with Epstein was limited.

However, a recent report by The New York Times seems to have pushed Apollo to conduct a thorough examination.

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Litigation funding goes mainstream

nyse exterior.JPG — Pedestrians walk past the New York Stock Exchange as the building opens for the first time since March while the outbreak of the coronavirus disease (COVID19) continues in the Manhattan borough of New York, U.S., May 26, 2020.
REUTERS/Lucas Jackson

A firm that backs big-money lawsuits says its US listing is a big stamp of approval.

Yoonji Han has an interesting look at Burford Capital, a litigation finance firm that started trading on the New York Stock Exchange on Monday.

Litigation funders invest in lawsuits, getting a cut of the payout if the suit is successful. Burford's listing on NYSE opens the door for more of these firms to raise capital via public channels. The result could be them becoming more mainstream.

Click here to read the entire story.

Morgan Stanley is pulling back on recruiting trainees

After picking up a good chunk of experienced financial advisors during 2020, Morgan Stanley is slowing its trainee recruitment. Rebecca Ungarino has the details on the plans at one of the world's largest wealth managers. Read the whole scoop here.

FactSet's CFO lays out how the data giant quantifies innovation, and why tracking failed projects is a key metric

How does one quantify innovation? Helen Shan, FactSet's CFO, has some ideas. Check out how the data giant evaluates investments in cutting-edge projects.