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Quant with $135 billion in assets adjusts ESG model
INVESTING ESG AUG 13, 2021
Quant with $135 billion in assets adjusts ESG model

Man Group CIO of ESG funds says these investments have too short and bumpy a history to just back-test.

Flood of Bitcoin ETF filings  but cooling demand for funds
INVESTING ALTERNATIVES AUG 12, 2021
Flood of Bitcoin ETF filings but cooling demand for funds

Digital asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018.

Hackers return funds from likely record crypto attack
INVESTING ALTERNATIVES AUG 11, 2021
Hackers return funds from likely record crypto attack

After stealing $610 million from a DeFi protocol that lets users swap crypto tokens, the online thieves pledged to give back the money. So far, they've returned about $258 million.

Voya explores potential deal for newly public Alight
RETIREMENT RETIREMENT PLANNING AUG 11, 2021
Voya explores potential deal for newly public Alight

Voya has recently looked at purchasing benefits administrator Alight, according to people with knowledge of the matter, but it isn't clear whether the companies are in active talks.

Gensler seeks Warren's help in crypto exchange crackdown
INVESTING ALTERNATIVES AUG 11, 2021
Gensler seeks Warren's help in crypto exchange crackdown

The SEC chairman tells Sen. Warren that lawmakers should give watchdogs clear powers to write rules for exchanges, including DeFi trading venues.

JPMorgan chases active ETFs with $10 billion mutual fund switch
INVESTING MUTUAL FUNDS AUG 11, 2021
JPMorgan chases active ETFs with $10 billion mutual fund switch

The firm plans to convert four mutual funds into ETFs next year, making it the biggest name so far to make such a move.

Wells Fargo names Steve Black chairman
NEWS WIREHOUSES AUG 10, 2021
Wells Fargo names Steve Black chairman

Charles Noski, who had served as the bank's chairman since March 2020, is stepping down.

Climate report  to add pressure on governments to decarbonize
INVESTING ESG AUG 09, 2021
Climate report to add pressure on governments to decarbonize

UN-backed panel on climate change warns time is running out to stop global warming from exceeding 1.5 degrees Celsius.

Nasdaq wins SEC support for plan to diversify boards
YOUR PRACTICE PRACTICE MANAGEMENT AUG 07, 2021
Nasdaq wins SEC support for plan to diversify boards

The exchange will direct its listed companies to pursue board diversity — by having at least one female board member and at least one who identifies as a member of an underrepresented minority or LGBTQ — or explain why they don’t.

Apollo-backed Athene wins $4.9 billion Lockheed pension deal
RETIREMENT RETIREMENT PLANNING AUG 06, 2021
Apollo-backed Athene wins $4.9 billion Lockheed pension deal

Athene will provide benefits to about 18,000 participants in Lockheed’s pension plan. The deal follows a 2018 agreement between the two companies in which Athene assumed $800 million in obligations tied to around 9,000 retirees and beneficiaries of the aerospace giant’s pension plan.