Investing

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Crypto markets plummet as sense of dread hits FTX clients
ALTERNATIVES NOV 09, 2022
Crypto markets plummet as sense of dread hits FTX clients

Customers of the fallen crypto exchange pulled out $430 million worth of bitcoin in the space of just four days.

By Bloomberg
SPAC boom over, NYSE moves to delist warrants of Schorsch-backed company
EQUITIES NOV 08, 2022
SPAC boom over, NYSE moves to delist warrants of Schorsch-backed company

The exchange said the warrants weren't suitable for listing because of their extremely low pricing.

By Bruce Kelly
Binance Holdings plans to acquire rival FTX.com
ALTERNATIVES NOV 08, 2022
Binance Holdings plans to acquire rival FTX.com

The proposed deal for Sam Bankman-Fried's 3-year-old exchange will 'help cover the liquidity crunch.'

By Bloomberg
JPMorgan, money managers pushing back against proposed SEC names rule
ESG NOV 08, 2022
JPMorgan, money managers pushing back against proposed SEC names rule

The agency is floating tighter rules that would require certain funds to have at least 80% of assets correspond to investment strategies listed in their names.

By Bloomberg
Platform lets retirement savers access crypto investments
RETIREMENT PLANNING NOV 07, 2022
Platform lets retirement savers access crypto investments

ForUsAll says its Alt401(k) platform enables employees to invest in crypto through a brokerage window. Meanwhile, the firm has filed a lawsuit challenging the DOL's crypto warning.

By Mark Schoeff Jr.
Asset managers have an ESG data problem
FINTECH NOV 07, 2022
Asset managers have an ESG data problem

Without standardization, institutional investors have some trouble incorporating the data.

By Emile Hallez
BlackRock to open proxy voting to some retail investors
ESG NOV 04, 2022
BlackRock to open proxy voting to some retail investors

Initially, the program will be available to UK investors, but it could eventually expand to all fund shareholders.

By Emile Hallez
ETF strategy that avoids noise of open markets will arouse adviser curiosity
RIAS NOV 03, 2022
ETF strategy that avoids noise of open markets will arouse adviser curiosity

NightShares bets on the serene sophistication of markets that are closed to beat the indexes by sitting out the action during the day.

By Jeff Benjamin
JPMorgan executes first live trade on public blockchain
ALTERNATIVES NOV 03, 2022
JPMorgan executes first live trade on public blockchain

The bank issued tokenized $71,000 as part of the Singapore central bank’s pilot programs exploring the use of decentralized finance in the banking sector.

By Bloomberg
Fidelity to launch commission-free retail crypto trading platform
ALTERNATIVES NOV 03, 2022
Fidelity to launch commission-free retail crypto trading platform

The brokerage has opened up a wait list for its new service Fidelity Crypto which will offer custody and trading of Bitcoin and Ethereum.

By Bloomberg
The ESG case for direct indexing
ESG NOV 02, 2022
The ESG case for direct indexing

The prospect of providing clients with a custom portfolio that meets their guidelines is something advisers see as adding value to their services.

By Emile Hallez
Swiss private equity conglomerate targets wealthy US advisory clients
RIAS NOV 02, 2022
Swiss private equity conglomerate targets wealthy US advisory clients

Partners Group, a $131 billion PE operation, is building out its US footprint with the launch of Private Wealth.

By Jeff Benjamin
Vanguard to begin testing proxy voting pilot program for retail clients early next year
ESG NOV 02, 2022
Vanguard to begin testing proxy voting pilot program for retail clients early next year

Instead of making decisions exclusively on its own, Vanguard will give individual investors in several equity index funds more options about how their shares are voted.

By Bloomberg
States where investors have the least interest in cryptocurrencies
ALTERNATIVES NOV 02, 2022
States where investors have the least interest in cryptocurrencies

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.

By InvestmentNews
McKinsey: Asset managers need to trim overhead just to keep up in this market
EQUITIES NOV 01, 2022
McKinsey: Asset managers need to trim overhead just to keep up in this market

The industry's overhead grew by $71 billion over the past decade, according to a new report, and the solution will be fewer products, de-layered workforces and more reliance on technology.

By Jeff Benjamin
Morningstar Wealth jumps into the direct indexing game
RIAS NOV 01, 2022
Morningstar Wealth jumps into the direct indexing game

The new platform will leverage technology to help financial advisers move clients onto the platform for personalization and tax management.

By Jeff Benjamin
Junk-bond ETF sees almost $1 billion of inflows ahead of Fed
MUTUAL FUNDS OCT 31, 2022
Junk-bond ETF sees almost $1 billion of inflows ahead of Fed

Risk assets of all stripes have been climbing amid optimism that the Fed will dial back the pace of its rate hikes after it announces what's expected to be its fourth 75-basis-point rate hike in a row this week.

By Bloomberg
Oppenheimer moves to cancel $36.7 million arbitration decision
ALTERNATIVES OCT 31, 2022
Oppenheimer moves to cancel $36.7 million arbitration decision

While the firm filed a motion to vacate the award in Superior Court in DeKalb County, Georgia, it's extremely rare for courts to overturn Finra arbitration decisions.

By Bruce Kelly
Liquid alts funds see inflows while mutual funds see record outflows
RIAS OCT 31, 2022
Liquid alts funds see inflows while mutual funds see record outflows

With the old-school mutual fund wrapper continuing to suffer during the down-market cycle, alternative strategies represent a lone bright spot.

By Jeff Benjamin
Impax's Joe Keefe on ESG challenges and opportunities
ESG OCT 31, 2022
Impax's Joe Keefe on ESG challenges and opportunities

The firm's president says sustainable investing is a long-term approach: 'We try to invest in the next economy rather than the last economy.'

By Emile Hallez