Investing

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AB strategy invests in ESG improvers
ESG MAR 08, 2021
AB strategy invests in ESG improvers

Michelle Dunstan runs an unusual fund within AllianceBernstein’s ESG investment platform. She explains how it complements the asset manager’s other funds.

It’s time to talk about Bitcoin
ALTERNATIVES MAR 08, 2021
It’s time to talk about Bitcoin

Advisers don’t have to join the bulls, but they better join the discussion.

Entire SEC must be involved in climate risk, ESG policy changes, says member Peirce
ESG MAR 05, 2021
Entire SEC must be involved in climate risk, ESG policy changes, says member Peirce

The GOP commission member said the agency should provide guidance before bringing enforcement cases

PE firm Merchant buys stake in Axiom Financial Strategies
ALTERNATIVES MAR 05, 2021
PE firm Merchant buys stake in Axiom Financial Strategies

The deal shows that private equity investors are starting to move down-market to invest in smaller registered investment advisers.

SEC establishes task force on ESG issues
ESG MAR 04, 2021
SEC establishes task force on ESG issues

The move is the latest effort by the agency to emphasize oversight of sustainability disclosure and investing. The commission's Republican members raise questions about the flurry of climate activity.

Vanguard's first active bond ETF has 'disruption' written all over it
ETFS MAR 04, 2021
Vanguard's first active bond ETF has 'disruption' written all over it

The low-cost provider is planning a cash-alternative exchange-traded fund whose cost is about half that of popular ETFs in the category.

iCapital leverages KKR to lure investors into private equity
ALTERNATIVES MAR 04, 2021
iCapital leverages KKR to lure investors into private equity

The rebranded PE fund targets the country's 13 million accredited households with an offer of access to KKR's investment expertise.

DFA shifting $26 billion of mutual funds into ETFs
MUTUAL FUNDS MAR 04, 2021
DFA shifting $26 billion of mutual funds into ETFs

Quant giant Dimensional Fund Advisors has laid out a timeline for converting funds into exchange-traded funds.

The ESG space must take a hard line on greenwashing
EQUITIES MAR 03, 2021
The ESG space must take a hard line on greenwashing

The industry is nowhere near settled on a common vernacular. The ESG space needs more clarity and writing off greenwashing is not helping anyone.

SEC to emphasize climate risk in exams, step up Reg BI reviews
PRACTICE MANAGEMENT MAR 03, 2021
SEC to emphasize climate risk in exams, step up Reg BI reviews

The agency is 'integrating climate and ESG considerations into [its] broader regulatory framework,' Acting Chair Allison Herren Lee says.

Climate activist takes aim at Vanguard
ESG MAR 03, 2021
Climate activist takes aim at Vanguard

The campaigner who was instrumental in pushing BlackRock to act against climate change is now taking aim at Vanguard Group.

Bob Doll to retire from Nuveen
EQUITIES MAR 03, 2021
Bob Doll to retire from Nuveen

The popular market strategist and forecaster is making an exit, a spokesperson confirmed on Tuesday. Doll, 66, who has worked in investment management for 42 years, is expected to officially depart at the end of March.

Abacus Wealth merges with social justice RIA Robasciotti & Philipson
PRACTICE MANAGEMENT MAR 03, 2021
Abacus Wealth merges with social justice RIA Robasciotti & Philipson

Co-founders of the RIA Rachel Robasciotti and Maya Philipson will not work with clients at Abacus and will largely spend time managing their ETF. The firm reported $130 million in assets under management.

Target-dates with guaranteed income, the new 401(k) pitch
RETIREMENT PLANNING MAR 03, 2021
Target-dates with guaranteed income, the new 401(k) pitch

American Century, Prime Capital Investment Advisors, Nationwide and Lincoln Financial Group collaborated, along with others, on the QDIA.

Gensler quizzed on climate disclosure, mandatory arbitration in confirmation hearing
ESG MAR 02, 2021
Gensler quizzed on climate disclosure, mandatory arbitration in confirmation hearing

The focus on the climate and finance at the hearing likely was a harbinger of the priority the SEC will place on environmental, social and governance investing under Gensler. But Reg BI was ignored.

Pathstone acquires $1.1 billion RIA
ESG MAR 02, 2021
Pathstone acquires $1.1 billion RIA

New York-based Cornerstone Capital Group specializes in sustainable investing.

GPB broker-dealer shuts down amid fraud charges
ALTERNATIVES MAR 01, 2021
GPB broker-dealer shuts down amid fraud charges

Ascendant Alternative Strategies changed its official status with Finra to termination requested. Founders of GPB, David Gentile and Jeff Schneider were arrested and charged with fraud last month by the FBI.

Use this philanthropic giving tool for impact investing
OPINION FEB 25, 2021
Use this philanthropic giving tool for impact investing

Donor advised funds can be used to support increasingly popular impact investing.

Nick Schorsch is back — and heading up a SPAC
ALTERNATIVES FEB 25, 2021
Nick Schorsch is back — and heading up a SPAC

The former nontraded REIT czar is looking for a next act in the securities industry, and this time it's a family affair.

Corporate climate disclosures to be scrutinized aggressively by SEC
ESG FEB 24, 2021
Corporate climate disclosures to be scrutinized aggressively by SEC

The agency's corporate finance group will focus on climate in their reviews of corporate filings, the regulator announced Wednesday.