Public Comments on SEC E-Delivery Rule Highlight Cost Savings, Investor Preference as Benefits
The American Securities Association and SIFMA were among industry groups submitting feedback by Monday’s deadline.
News
Northwestern Medicine Appoints New CIO
Harisha Koneru Haigh moves over from Northwestern University’s investment office.
Valor Equity Partners Distributes $8.5B in SpaceX Equity to LPs
The venture capital firm, an early investor in the aerospace company, is its second-largest shareholder behind Elon Musk.
AIMCo Posts 7.2% H1 Return as Portfolio Shifts Toward Canadian Energy, U.S. Tech
Assets of the Alberta Investment Management Corp. reached C$210.7 billion, with big moves in Cenovus, Enbridge, Nvidia and American index ETFs.
Mellon Foundation Promotes Deputy to CIO Post
Abigail Kahn Archibald succeeds Scott Taylor as the investment chief of the $7.8 billion fund.
SEC Proposal to Move Proxy Oversight to States Comes Under Industry Scrutiny
According to the Securities and Exchange Commission, Rule 14a-8 exceeds the SEC’s authority, but opponents said the SEC’s proposal takes a ‘sledgehammer’ to shareholder proposals.
Returns Drive Small August Boost in Corporate Pension Funded Status
Last month’s equity market performance more than offset a slight drop in interest rates.
Cambridge Associates Marks European Expansion With Milan Office, Senior Appointments
Raphael Heynold and Riccardo Pianeti will lead client growth and engagement in the region.
Digital Asset Bill Stalls in Senate After Failed Cloture Vote
What was supposed to provide crypto-friendly rules for investors and businesses has so far failed to make it to a full Senate vote.
Bond Yields Rise Ahead of FOMC Meeting
Ten-year Treasury yields hit their highest level since 2007 amidst inflation concerns, rising oil prices and the potential for higher rates.
Creative Planning Acquires RVK
The acquired firm has more than 200 institutional clients, including public retirement plans, endowments and foundations.
How Asset Manager Priorities Are Shifting
Firms are increasingly focusing on their core product offerings, according to a survey from Northern Trust, with more than 28% reporting their firm plans to reduce its product set.
TIAA Adds Executive for Tech, AI Risk
Divyangi Anchan joins the firm as chief risk and compliance officer for technology and AI risk.
Sell-Side Firm Wolfe Research Launches Alternative Asset Management Unit
The platform will offer investment opportunities across private markets.