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Deutsche Bank replaces DWS’ Woehrmann after greenwash raid
INVESTING ESG JUN 01, 2022
Deutsche Bank replaces DWS’ Woehrmann after greenwash raid

Stefan Hoops, head of the German lender’s corporate bank, will assume the top role at DWS from June 10.

Franklin Templeton buying Alcentra in European credit push
INVESTING ALTERNATIVES MAY 31, 2022
Franklin Templeton buying Alcentra in European credit push

The deal for Bank of New York Mellon's European credit and debt subsidiary expands Franklin Templeton's access to alternative investments.

Dimensional’s ESG boss voices doubts over industry promises
INVESTING ESG MAY 31, 2022
Dimensional’s ESG boss voices doubts over industry promises

‘No compelling evidence’ of ESG’s impact on cost of capital, says Jim Whittington of Dimensional Fund Advisors.

Deutsche Bank, DWS raided over allegations of greenwashing
INVESTING ESG MAY 31, 2022
Deutsche Bank, DWS raided over allegations of greenwashing

DWS has faced regulatory probes in the US and Germany after its former chief sustainability officer, Desiree Fixler, went public with greenwashing allegations last year.

Morgan Stanley says US stock rally has limited upside
NEWS INDUSTRY NEWS MAY 31, 2022
Morgan Stanley says US stock rally has limited upside

“The key fundamental call we are focused on now is slowing growth, and our view that earnings estimates are too high,” says Morgan Stanley’s Michael Wilson.

Grandparents can give more to 529 plans after rule change
NEWS INDUSTRY NEWS MAY 27, 2022
Grandparents can give more to 529 plans after rule change

Recent changes to financial aid rules will free grandparents to contribute to college savings plans without penalizing a grandchild's eligibility for federal money.

Fed saw aggressive hikes providing flexibility later this year
INVESTING FIXED INCOME MAY 25, 2022
Fed saw aggressive hikes providing flexibility later this year

The minutes confirmed support by most officials to continue such increases over at least their next two gatherings.

Hedge funds brace for $20 billion of redemptions, Citco says
INVESTING ALTERNATIVES MAY 25, 2022
Hedge funds brace for $20 billion of redemptions, Citco says

Only 40% of hedge funds globally made money in the first quarter, compared with 61% in the previous three months.

How Janus Henderson lost two CEOs and billions of client assets
NEWS INDUSTRY NEWS MAY 24, 2022
How Janus Henderson lost two CEOs and billions of client assets

The 'merger of equals’ was meant to boost both fund managers but the firm has struggled since, losing AUM, executives and value.

JPMorgan to hire 1,300 more advisers over next three years
YOUR PRACTICE PRACTICE MANAGEMENT MAY 23, 2022
JPMorgan to hire 1,300 more advisers over next three years

The additions, which would boost head count to 6,000 from about 4,700, are part of a strategy to boosts the firm's wealth management assets to $1 trillion.