Investing

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There’s a portrait of Jamie Dimon hanging in JPMorgan’s metaverse lounge
ALTERNATIVES FEB 16, 2022
There’s a portrait of Jamie Dimon hanging in JPMorgan’s metaverse lounge

Blockchain unit Onyx set up the lounge as it released a paper on how businesses can explore opportunities in the metaverse.

Amundi gives fund an ESG makeover
ESG FEB 16, 2022
Amundi gives fund an ESG makeover

The Pioneer Global Sustainable Equity Fund will invest at least 80% of net assets in ESG-friendly holdings.

Morgan Stanley banker faces block-trading probe
EQUITIES FEB 16, 2022
Morgan Stanley banker faces block-trading probe

The SEC and the Justice Department are looking at how bankers, including those at Morgan Stanley and Goldman Sachs, work with hedge funds to carry out stock sales big enough to send prices tumbling.

ISS adds service for ESG standards
FINTECH FEB 15, 2022
ISS adds service for ESG standards

ISS ESG Labels & Standards Solutions aims to help asset managers keep track of standards.

Hackers snagged $36 million in cryptocurrency in breach of IRA Financial
ALTERNATIVES FEB 15, 2022
Hackers snagged $36 million in cryptocurrency in breach of IRA Financial

Company has launched investigation and contacted law enforcement because Bitcoin and Ethereum were snatched from IRA users on Feb. 8.

Metaverse ETFs are the hot new thematic investment
ALTERNATIVES FEB 14, 2022
Metaverse ETFs are the hot new thematic investment

Investors are piling into exchange-traded products that offer exposure to companies jockeying to create virtual realities.

BlockFi to pay $100 million to SEC, states
ALTERNATIVES FEB 14, 2022
BlockFi to pay $100 million to SEC, states

The cryptocurrency platform agreed to settle allegations from the Securities and Exchange Commission and state securities regulators that it sold a crypto lending product that it hadn't registered with the SEC.

Investment firms watching 401(k) market for ESG growth
RETIREMENT PLANNING FEB 14, 2022
Investment firms watching 401(k) market for ESG growth

Fidelity has around $7.4 billion in DC plan assets in ESG options and last year added seven funds to its sustainable lineup.

Stock markets seek cover amid mounting risks
EQUITIES FEB 14, 2022
Stock markets seek cover amid mounting risks

The possibility of a war that could increase inflationary pressures or rate hikes from central banks that are more aggressive than expected are among the factors weighing on equities.

DOL seeks public input on protecting retirement savings from climate risks
ESG FEB 11, 2022
DOL seeks public input on protecting retirement savings from climate risks

The request for information comes as the agency is working on a separate final rule on the use of ESG in retirement accounts. But the SEC's climate efforts are bogged down.

CITs claim larger share of target-date market
RETIREMENT PLANNING FEB 11, 2022
CITs claim larger share of target-date market

The growth in the use of collective investment trusts, which trend to charge lower fees, reflects the pressure to cut costs.

Energy sector rally exposes Achilles' heel of ESG investing
EQUITIES FEB 11, 2022
Energy sector rally exposes Achilles' heel of ESG investing

ESG indexes that are loaded with technology and shun energy have been taking it on the chin so far in 2022.

NY pension fund drops 21 shale and gas holdings in sustainability review
RETIREMENT PLANNING FEB 11, 2022
NY pension fund drops 21 shale and gas holdings in sustainability review

The shale oil and gas companies 'failed to demonstrate they are prepared for the transition to a low-carbon economy.'

SEC bogs down on climate rule, handing White House fresh setback
PRACTICE MANAGEMENT FEB 11, 2022
SEC bogs down on climate rule, handing White House fresh setback

At issue is how much environmental data companies can be forced to disclose before regulators put themselves in legal jeopardy.

ESG credentials may affect company reputation, share price
EQUITIES FEB 10, 2022
ESG credentials may affect company reputation, share price

A report shows the majority of C-suite execs agree ESG issues will affect their companies' reputations over the next 12 months.

CAIS provides alts platform to Focus Financial firms
ALTERNATIVES FEB 10, 2022
CAIS provides alts platform to Focus Financial firms

The custom CAIS platform will allow for the evaluation of hedge funds, private equity, private credit, real estate, digital assets, and structured notes.

Fusion Family Wealth sells minority stake to Merchant
RIAS FEB 10, 2022
Fusion Family Wealth sells minority stake to Merchant

Merchant's partnership structure continues to push into the RIA space with nearly 50 ownership stakes.

Half-point Fed hike in March is a coin flip after hot inflation
MUTUAL FUNDS FEB 10, 2022
Half-point Fed hike in March is a coin flip after hot inflation

U.S. consumer prices jumped in January by more than expected, representing a bigger hit to Americans’ paychecks as inflation charges ahead at the fastest pace since 1982.

Q4 2021 top fixed-income ETFs
FINTECH FEB 09, 2022
Q4 2021 top fixed-income ETFs

See the top 50 fixed-income ETFs ranked by quarterly returns, the top 25 fixed-income ETFs ranked by largest inflows, and the top 25 fixed-income ETFs ranked by largest outflows

Q4 2021 top equity mutual funds
EQUITIES FEB 09, 2022
Q4 2021 top equity mutual funds

See the top 50 equity funds ranked by quarterly returns, the top 25 equity funds ranked by largest Inflows, and the top 25 equity funds ranked by largest outflows