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States where investors have the most interest in cryptocurrency
ALTERNATIVES OCT 28, 2022
States where investors have the most interest in cryptocurrency

Crypto site Bitstacker.com analyzed Google data on search terms related to digital assets and scored each state on its residents’ use of the search terms.

Anti-ESG fight has come to retail investors
ESG OCT 27, 2022
Anti-ESG fight has come to retail investors

Some view it as a political issue, but demand is strong, and asset managers appear undeterred.

Nuveen bulks up private equity and private credit business with deal for Arcmont
ALTERNATIVES OCT 27, 2022
Nuveen bulks up private equity and private credit business with deal for Arcmont

The deal combines North American and European businesses to create Nuveen Private Capital, a global debt platform with more than $60 billion in committed capital.

Rush to buy I bonds overwhelms Treasury website
FIXED INCOME OCT 26, 2022
Rush to buy I bonds overwhelms Treasury website

As investors try to buy the bonds before the rate drops, they're reporting glitches in creating accounts and delays in loading pages on the Treasury website, along with long wait times when calling the helplines.

Dividend ETFs see record $50 billion allocation bonanza so far this year
MUTUAL FUNDS OCT 26, 2022
Dividend ETFs see record $50 billion allocation bonanza so far this year

The cash flowing into dividend-focused exchange-traded funds is already running 25% higher than the record haul secured in 2021.

Premium fees and so-so returns on some ‘ESG’ funds
ESG OCT 26, 2022
Premium fees and so-so returns on some ‘ESG’ funds

Products that have high sustainability scores but aren't necessarily labeled as ESG are cheaper, according to a YCharts report.

The stock market’s biggest tricks and treats
EQUITIES OCT 26, 2022
The stock market’s biggest tricks and treats

Goblins and ghouls are scary, but big moves in the stock market can elicit even more emotion among investors.

Clock is ticking on 9.62% I bond yields
RIAS OCT 25, 2022
Clock is ticking on 9.62% I bond yields

Financial advisers have until Nov. 1 to help clients lock in the current rate, which drops by a third to 6.48%.

Gensler says final rule on climate disclosure is not imminent
ESG OCT 24, 2022
Gensler says final rule on climate disclosure is not imminent

In an appearance at SIFMA's annual conference, the SEC leader declined to provide a timeline for final regulations on his broad agenda.

BNY hires head of responsible investing from Neuberger
PRACTICE MANAGEMENT OCT 24, 2022
BNY hires head of responsible investing from Neuberger

Manisha Ali 'will help build and shape the Investors Solutions Responsible Investing franchise.'

Democrats urge JP Morgan, Wells Fargo to cease funding of anti-ESG group
ESG OCT 24, 2022
Democrats urge JP Morgan, Wells Fargo to cease funding of anti-ESG group

Federated Hermes has indicated that it will end membership of the State Financial Officers Foundation.

Four states move to shut down investment scheme tied to metaverse casinos
ALTERNATIVES OCT 24, 2022
Four states move to shut down investment scheme tied to metaverse casinos

State regulators filed cease-and-desist orders against an organization based in the country of Georgia that was selling non-fungible tokens known as Slotie NFTs.

Bond market doesn't see volatility fading away anytime soon
FIXED INCOME OCT 24, 2022
Bond market doesn't see volatility fading away anytime soon

While the high volatility can provide buying opportunities, any effort to call a bottom has been thwarted as yields drifted higher.

High stakes in midterm elections
ESG OCT 24, 2022
High stakes in midterm elections

There’s a lot more than control of the House and Senate on the ballot in November, especially for Gary Gensler and the SEC.

Republicans, Democrats could agree on some adviser issues after midterm elections
ALTERNATIVES OCT 20, 2022
Republicans, Democrats could agree on some adviser issues after midterm elections

There's some chance that members of both parties will want to open private markets to more ordinary investors.

Investment scams targeting the elderly surge, government agency reports
ALTERNATIVES OCT 20, 2022
Investment scams targeting the elderly surge, government agency reports

The Federal Trade Commission says older Americans lost $147 million in 2021, up 213% from 2020, with crypto rip-offs being a leading culprit.

IRS gives more clarity on how to report digital assets
ALTERNATIVES OCT 19, 2022
IRS gives more clarity on how to report digital assets

In the 2022 tax form draft instructions, the agency explicitly says that digital assets include NFTs and virtual currencies.

Swamped by legal costs, broker-dealer files for bankruptcy protection
ALTERNATIVES OCT 19, 2022
Swamped by legal costs, broker-dealer files for bankruptcy protection

Atlanta-based Kalos Capital has been crushed by more than $9 million in legal fees and costs related to sales of GPB private placements.

ETF would give retail access to catastrophe bonds
LIFE INSURANCE AND ANNUITIES OCT 19, 2022
ETF would give retail access to catastrophe bonds

The ESG product would seek to expand disaster coverage and provide pricing transparency.

BlackRock adds energy transition unit
ESG OCT 19, 2022
BlackRock adds energy transition unit

The unit, Transition Capital, is part of BlackRock Alternatives and will be led by Dickon Pinner, former head of McKinsey Sustainability.