The alternatives giant's new unit, led by a 17-year veteran, will tap into four areas worth an estimated $60 trillion.
Separately, Cleveland Fed President Beth Hammack said the central bank could make a move by June if data show a clear economic trajectory.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
The former Treasury secretary envisions an avalanche of noncompliance as the federal tax agency weathers massive workforce reductions and a string of walkouts in its leadership.
The partnership pairs the fixed-income muscle of MassMutual's asset management arm with Invesco's US wealth distribution network.
The only publicly traded US team in the league faces an uphill fight, with a little-known tax rule threatening to handicap its ability to lure high-salary superstars.
The president issued a fresh demand for "loser" Fed Chair to lower interest rates, asserting he can remove the central bank chief before his term's end.
The rush of SEC applications, which also includes JPMorgan and Schwab, reflect growing optimism over the tax-busting fund structure.
Expectations meet reality in the democratization of private market investments as the pioneering ETF runs into first-mover challenges.
