Dimon: Minimum Tax on Corporate Proceeds Abroad Is a Very Bad Idea
JPM chief, joined by Citi’s Fraser, says Biden plan will backfire on the US.
News
Aon to Sell US Retirement and Retiree Health Businesses in $1.4 Billion Deal
The firm is seeking regulatory approval from the US DOJ for its heavyweight merger with Willis Towers Watson by divesting parts of its business.
Sustainable Investment Legislation Re-Introduced in Congress
Dual bills would require fiduciaries to consider ESG factors in investment decision-making.
British Airways Pensions Transfers $30 Billion in Assets to BlackRock
Intensifying regulation, rising operational costs, and increasingly complex investments were cited by the beleaguered airline.
Behavioral Biases Can Cause Real Harm to Investors
Morningstar study finds higher bias levels lead to worse financial outcomes.
How China’s Metal Price Crackdown Could Thwart the Commodities Surge
Price rises in raw materials have excited hopes for a new super-cycle. Might those be dashed?
Ellen Ellison, University of Illinois Foundation CIO, Steps Down
The allocator shared on social media that she will be leaving to pursue other endowment and investment-related activities.
State Street Accused of Self-Dealing With 401(k) Plan
Lawsuit alleges firm breached its fiduciary duties by providing underperforming proprietary funds.
Risky Business Leads to $1 Billion Trading Loss, Charges for Fund Execs
SEC alleges portfolio managers misled investors about risk management practices.
CPPIB, Phoenix Mills to Develop Retail Center in India
The mall is set to attract a growing consumer base in the affluent Alipore, Kolkata, neighborhood.
AIG CIO Douglas Dachille to Step Down
The insurance giant has tapped Deputy CIO Geoff Cornell to helm its $350 billion investment portfolio.
A Crypto Crackdown? Yardeni Sees One Coming
The economist joins numerous government leaders these days who want to regulate or ban the digital currency.
Payments Startup SpotOn Gets Funding from Mubadala, Others
The firm is the latest in a series of growth sector bets the sovereign wealth fund has been making.
Arch Capital Names Christine Todd CIO
Current CIO W. Preston Hutchings will leave later this year after more than 15 years at the post.
NY Bill Would Divest Teachers’ Pension from Fossil Fuels
A report says the state teachers’ fund has more than $300 million in coal investments.