Opinion
Op-Ed: Europe’s New ESG Rules Create an Opportunity for US Investors
Everyone should take notice of what the SFDR rules mean for the future of sustainable investing, says Apex Group’s Hari Bhambra.
News Archive: Mar - 2021
Pensions
Study Suggests There Is No Imminent Public Pension Crisis
Reforms enacted by many plans will cause benefit cash flows to decline significantly, paper finds.
Risk
BlackRock Agrees to Settle ERISA Lawsuit
Asset management giant ends class action litigation by paying plan participants $9.65 million.
Risk
SEC Charges Biotech Co-Founders with $60 Million Fraud
uBiome’s CEO and chief scientific officer were also indicted by a federal grand jury.
Asset Allocation
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.
Newsmakers
Vermont Pension Reform Plan Blasted by State Teachers, Workers
Proposal would require public employees to contribute more, work longer, and earn less.
Asset Allocation
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.
Risk
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.
Market Moves
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.
Research
Pandemic Accelerates Social Risks to Investment Portfolios
State Street Global Advisors report says 2020 increased the importance of the ‘S’ in ESG.
Research
Auto-Enrollment Triples New Hire Participation
Vanguard report finds DC plan take-up rates surge to 91% from 28% under automatic enrollment.
Regulation
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.
Asset Management Culture
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.
Market Moves
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.
Asset Management Culture
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.