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BlackRock sees 30% jump in flows to suite of climate ETFs
ESG JUL 07, 2022
BlackRock sees 30% jump in flows to suite of climate ETFs

The nine ETFs, which have tracked EU-regulated climate transition benchmarks since October, attracted a net $2.7 billion this year as of mid-June.

Massachusetts orders Vanguard to repay investors $5.5 million for TDF taxes
MUTUAL FUNDS JUL 06, 2022
Massachusetts orders Vanguard to repay investors $5.5 million for TDF taxes

Vanguard lowered the account minimum for an institutional target-date fund, causing a migration from the retail TDF, leaving those who held onto it in taxable accounts with a big capital gains bill.

Making the case for mild recession and stock  rebound in the second half
EQUITIES JUL 06, 2022
Making the case for mild recession and stock rebound in the second half

Columbia Threadneedle analysts say that the U.S. might already be in recession and that the Fed might not need to raise the fed funds rate higher than 3%.

New ETFs only invest at night and aim for dreamy returns
RIAS JUL 05, 2022
New ETFs only invest at night and aim for dreamy returns

The NightShares strategy involves buying the index at the end of the day and selling it every morning.

ESG advocates warn of fallout from SCOTUS EPA ruling
ESG JUL 05, 2022
ESG advocates warn of fallout from SCOTUS EPA ruling

The decision means corporate engagement on emissions is likely more important than ever.

HSBC hires RadiantESG to give fund ESG treatment
ESG JUL 01, 2022
HSBC hires RadiantESG to give fund ESG treatment

The mandate to redo the bank's small- and mid-cap growth mutual fund represents RadiantESG's second portfolio.

It's not too late to join the liquid alts party, Morningstar says
RIAS JUL 01, 2022
It's not too late to join the liquid alts party, Morningstar says

Key to allocating to funds employing alternative strategies is knowing what to expect and not trying to time investments.

Scrutiny of ESG investments heralds better days ahead, managers say
ESG JUL 01, 2022
Scrutiny of ESG investments heralds better days ahead, managers say

Tough examination of loosely regulated funds with higher environmental, social and governance standards could help the industry, sustainable fund managers say.

Finra arbitration orders D.E. Shaw to pay former manager $52 million in defamation suit
ALTERNATIVES JUN 30, 2022
Finra arbitration orders D.E. Shaw to pay former manager $52 million in defamation suit

Four years after being fired for sexual misconduct, Daniel Michalow wins his defamation case against the $60 billion hedge fund.

UBS to pay punitive damages in $1.3 million arbitration loss over options strategy
ALTERNATIVES JUN 30, 2022
UBS to pay punitive damages in $1.3 million arbitration loss over options strategy

The award contains two unusual features: $500,000 in punitive damages to the clients and a two-to-one split decision among the three-person panel.

Grayscale suing SEC after its Bitcoin ETF is rejected
ALTERNATIVES JUN 30, 2022
Grayscale suing SEC after its Bitcoin ETF is rejected

The regulator found that the listing proposal didn’t do enough to prevent fraud and manipulation.

SEC orders UBS to pay $25 million over fraud involving YES options strategy
ALTERNATIVES JUN 29, 2022
SEC orders UBS to pay $25 million over fraud involving YES options strategy

The agency said UBS reps didn't understand the complex product or whether buying it was in a client's best interests.

Crypto tax cheats likely to get relief as US crackdown hits snag
ALTERNATIVES JUN 29, 2022
Crypto tax cheats likely to get relief as US crackdown hits snag

Firms are supposed to begin tracking data such as customers’ capital gains and losses starting in January.

Nuveen ‘net zero’ ETF includes oil and gas holdings
ESG JUN 29, 2022
Nuveen ‘net zero’ ETF includes oil and gas holdings

The Nuveen Global Net Zero Transition ETF seeks to decarbonize by engaging with high emitters.

CAIS alternatives platform valued at $1.1 billion after latest funding round
ALTERNATIVES JUN 28, 2022
CAIS alternatives platform valued at $1.1 billion after latest funding round

The platform has now received four rounds of outside funding in less than two years from investors that see the potential for diversification in the current market environment.

Yield-hungry investors are flocking to high-dividend ETFs
MUTUAL FUNDS JUN 28, 2022
Yield-hungry investors are flocking to high-dividend ETFs

With bonds slumping, a record amount of money is pouring into exchange-trade funds focused on big dividend payouts.

FTX is seeking a path to buy Robinhood
ALTERNATIVES JUN 27, 2022
FTX is seeking a path to buy Robinhood

The president of the crypto exchange, Sam Bankman-Fried, says that he's 'excited’ about Robinhood’s prospects.

Gold steps up once again as the ultimate bear market hedge
EQUITIES JUN 27, 2022
Gold steps up once again as the ultimate bear market hedge

While it might be a lousy long-term investment, gold has a proven track record of rising to the occasion when times are tough.

JPMorgan will cover employees’ abortion-travel costs starting next month
PRACTICE MANAGEMENT JUN 27, 2022
JPMorgan will cover employees’ abortion-travel costs starting next month

Benefit will go into effect July 1 at JPMorgan, Goldman Sachs and Bank of America.

Investors win $975,000 in Finra arbitration involving UBS YES product
ALTERNATIVES JUN 24, 2022
Investors win $975,000 in Finra arbitration involving UBS YES product

Their attorney, Jeffrey Erez, said they were misled by UBS brokers who didn't understand the risky product.