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  • Top brass from JPMorgan and BlackRock, among the firms to kick off earnings season with their results, said Tuesday that they expect more consolidation in the wealth- and asset-management industries.
  • Pressures on money managers have fueled a flurry of acquisitions in those areas this year, and analysts questioned executives about their own deal ambitions, albeit coming from different corners of the market. 
  • JPMorgan boss Jamie Dimon said the bank would be “very interested” in deals in that space, and BlackRock finance chief Gary Shedlin said the firm was focused on targets that could expand its technology, global distribution, and private markets capabilities.
  • Last week, Morgan Stanley said it would buy investment manager Eaton Vance in a deal valued at $7 billion just days after it closed on its E-Trade acquisition. 
  • Visit Business Insider’s homepage for more stories.

Top brass at the world’s largest asset manager and largest US bank told

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Dynegy today announced a $50,000 donation to the Chicago Urban League, aimed at ensuring access to quality education. The donation will directly fund the Chicago Urban League’s Youth Services Center (formerly the Center for Student Development), which offers services and programs to help students thrive academically and, ultimately, professionally.

“In this moment, we must acknowledge that fundamental building blocks – like a good education – are out of reach for too many people. As a corporation, Vistra is determined to be part of the solution,” said Curt Morgan, president and CEO of Vistra. “Vistra and our team at Dynegy are fully committed to strengthening the communities we serve. For us, that means driving inclusion, promoting equity, and investing in the organizations that serve as a springboard for the next generation of diverse, American leaders.”

Dynegy’s donation will advance the Chicago Urban League’s STEAM (science, technology, engineering, art, and math)

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CHICAGO, Oct. 12, 2020 /PRNewswire/ –Dynegy today announced a $50,000 donation to the Chicago Urban League, aimed at ensuring access to quality education. The donation will directly fund the Chicago Urban League’s Youth Services Center (formerly the Center for Student Development), which offers services and programs to help students thrive academically and, ultimately, professionally.

“In this moment, we must acknowledge that fundamental building blocks – like a good education – are out of reach for too many people. As a corporation, Vistra is determined to be part of the solution,” said Curt Morgan, president and CEO of Vistra. “Vistra and our team at Dynegy are fully committed to strengthening the communities we serve. For us, that means driving inclusion, promoting equity, and investing in the organizations that serve as a springboard for the next generation of diverse, American leaders.” 

Dynegy’s donation will advance the Chicago Urban League’s STEAM

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(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than

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AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than 100 tech ventures.

relates to Indonesia’s AC Ventures Targets New $80 Million Startup Fund

From left to right: Michael Soerijadj, Pandu Sjahrir and Adrian Li.

The firm will have a strategic alliance with Indies Capital, an alternative asset manager with more than $600 million of assets under management where Sjahrir serves

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