Bloomberg

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Former Wells Fargo manager alleges age, race, disability bias
PRACTICE MANAGEMENT OCT 22, 2020
Former Wells Fargo manager alleges age, race, disability bias

A 65-year-old Black executive in the bank's wealth and investment management arm filed a complaint after losing his job while on medical leave for cancer

Sustainable debt market becoming unsustainable
FIXED INCOME OCT 22, 2020
Sustainable debt market becoming unsustainable

The European Union's first social bond was vastly oversubscribed, suggesting the market for such securities is underserved

Invesco, Janus need scale to compete with BlackRock, Peltz says
RIA NEWS OCT 21, 2020
Invesco, Janus need scale to compete with BlackRock, Peltz says

The investor, whose Trian Fund Management has taken 9.9% stakes in both Invesco and Janus, hopes to join Invesco's board

Labor Department moves at 'warp speed' on ESG rule
RETIREMENT PLANNING OCT 21, 2020
Labor Department moves at 'warp speed' on ESG rule

The proposed rule, which would make it more difficult for retirement plans to invest in ESG, was submitted to the White House last week

New 60/40 portfolio substitutes riskier hedges for U.S. debt
FIXED INCOME OCT 20, 2020
New 60/40 portfolio substitutes riskier hedges for U.S. debt

Some managers are exploring other investments, ranging from options to currencies, to provide the protection that traditionally came from Treasuries

Exit of UBS CEO leaves plenty of work for successor
WIREHOUSES OCT 20, 2020
Exit of UBS CEO leaves plenty of work for successor

Bank reported better-than-expected profits for the third quarter

ESG pioneer Amy Domini on elections, climate and her start
RIA NEWS OCT 20, 2020
ESG pioneer Amy Domini on elections, climate and her start

Founder of $2.3 billion Domini Impact expects the 'crazy market' will wake up soon

NYSE threatens to move out of New Jersey if trade tax is imposed
REGULATION, LEGAL & COMPLIANCE OCT 19, 2020
NYSE threatens to move out of New Jersey if trade tax is imposed

A test in which the exchange temporarily moved its production servers out of New Jersey was successful, exec says

Speculators reverse big Nasdaq short
EQUITIES OCT 19, 2020
Speculators reverse big Nasdaq short

The buying comes after hedge funds had driven net short bets to the highest level since before the financial crisis

ESG is coming for emerging markets
RIA NEWS OCT 16, 2020
ESG is coming for emerging markets

A top-performing emerging markets bond fund shuns investments from many countries because of their low ESG ratings