SEC Charges Biotech Co-Founders with $60 Million Fraud
uBiome’s CEO and chief scientific officer were also indicted by a federal grand jury.
News
ESG Will Power Capitalism to Solve Humanity’s Problems, Says Ackman
Hedge fund head cites four stocks, including Starbucks and Lowe’s, as examples of sustainability prowess.
Vermont Pension Reform Plan Blasted by State Teachers, Workers
Proposal would require public employees to contribute more, work longer, and earn less.
Diversity Efforts at Private Equity Firms Have a Long Way to Go
More institutional investors are calling for equity and inclusion, but challenges remain in disclosures and transparency.
Financial Firm Head Indicted in Alleged Insider Trading Scheme
Jason Peltz is accused of using insider information and a relationship with a business reporter to reap a profit.
Robinhood Is Good for the Market, Says Cathie Wood
The young meme stock crowd will learn valuable lessons trading and their openness to disruption is a plus, the red-hot fund manager declares.
Pandemic Accelerates Social Risks to Investment Portfolios
State Street Global Advisors report says 2020 increased the importance of the ‘S’ in ESG.
Auto-Enrollment Triples New Hire Participation
Vanguard report finds DC plan take-up rates surge to 91% from 28% under automatic enrollment.
SEC Extends Its Reach into Dark Web
Regulator charges former SpaceX engineer in its first enforcement of alleged securities violations on that part of the internet.
Op-Ed: Peer Rankings Matter—When Used Properly (Part Two)
It’s useful to study top-performing funds, but it’s not an apples-to-apples comparison, longtime investor Tony Waskiewicz says.
Some SPACs Just Plain Stink, Warns Investing Hotshot Barry Sternlicht
The Starwood chief, who has his own blank check fund, thinks amateurs are taking advantage of the fad, to investors’ detriment.
Rockefeller University Names Paula Volent New CIO
She joins the biomedical research institution from Bowdoin College and succeeds CIO Amy Falls, who’s moving to Northwestern.
SEC Continues to Make ESG a Main Priority
The regulator has added a new page to its website to provide up-to-date ESG-related information and agency action.
Q&A: Shundrawn Thomas Discusses His Push for Diversity, Empathy
The president of Northern Trust Asset Management has written several open letters about the unequal toll marginalized communities face.
Single-Employer Plans Can Lower Target Returns to 4% and 5%
Under the pension relief bill, allocators can aggressively de-risk corporate funds, says Insight Investment.