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Wall Street's ESG club sees huge tax perks
ESG APR 23, 2021
Wall Street's ESG club sees huge tax perks

Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.

By Bloomberg
Biden pledges US will halve greenhouse gases
ESG APR 22, 2021
Biden pledges US will halve greenhouse gases

At international summit, President Joe Biden says US will double climate assistance to developing countries and cut 50% of domestic emissions by 2030.

By Bloomberg
Keeping ESG investment performance in perspective
EQUITIES APR 22, 2021
Keeping ESG investment performance in perspective

After 12-month returns in the triple digits, investors got a wake-up call when ESG funds came crashing back down to earth.

By Jeff Benjamin
House panel approves ESG, diversity bills without GOP support
PRACTICE MANAGEMENT APR 21, 2021
House panel approves ESG, diversity bills without GOP support

Rep. Patrick McHenry, R-N.C., accuses Democrats of trying to 'cater to the far left.' Democrats say ESG, diversity data is crucial.

By Mark Schoeff Jr.
Citi expects $1 trillion boom in ESG ETFs
ESG APR 21, 2021
Citi expects $1 trillion boom in ESG ETFs

The bank's analysts credit the global pandemic with stirring investor demand for companies doing good, and also cite the frenzy for tech-focused thematic funds, many of which fall within the environmental, social and governance category.

By Bloomberg
Investor advocate urges Gensler to beef up Reg BI
ESG APR 20, 2021
Investor advocate urges Gensler to beef up Reg BI

Republican lawmakers in the House tell the new SEC chairman to avoid ‘mission creep’ in the agency's oversight of environmental, social and governance disclosures.

By Mark Schoeff Jr.
Climate-risk disclosure bill faces tough legislative path
ESG APR 19, 2021
Climate-risk disclosure bill faces tough legislative path

The measure, written by Democratic lawmakers, will have a hard time finding Republican votes. But it does send a signal of support to the SEC for tougher ESG oversight.

By Mark Schoeff Jr.
What's behind Bitcoin's tumble?
ALTERNATIVES APR 19, 2021
What's behind Bitcoin's tumble?

The cryptocurrency fell by as much as 15% Sunday, after hitting a record high of more than $64,000 last week, and rival coins like Ether and XRP also plunged.

By Bloomberg
Time to learn about crypto
ALTERNATIVES APR 19, 2021
Time to learn about crypto

Bitcoin hit a record of more than $64,000 as Coinbase Global Inc., the largest U.S. cryptocurrency exchange, went public last week. Advisers and Wall Street have reached an inflection point when it comes to cryptocurrencies.

By InvestmentNews
What sparked today's love of ESG?
ESG APR 19, 2021
What sparked today's love of ESG?

Even for the earliest proponents of sustainability, the sudden spike in ESG investing popularity is surprising, but satisfying.

By Jeff Benjamin
Republican opposition to Gensler not likely to slow the new SEC chairman
ESG APR 15, 2021
Republican opposition to Gensler not likely to slow the new SEC chairman

His slim Senate confirmation margin reflects GOP concerns about the aggressive approach Gensler has signaled on issues like expanding corporate disclosures related to environmental, social and governance factors.

By Mark Schoeff Jr.
Election-reform debate poses risks for companies that weigh in on legislation
OPINION APR 14, 2021
Election-reform debate poses risks for companies that weigh in on legislation

Democracy is a systemic issue that's difficult to link to a particular company. But firms take hits by jumping into fights over specific bills.

By Mark Schoeff Jr.
PE fund targets diversity, governance at small companies
ALTERNATIVES APR 14, 2021
PE fund targets diversity, governance at small companies

Mill Road Capital is applying a 'progressive private equity' strategy in its latest fund.

By Jeff Benjamin
Bitcoin ETF line gets longer; eight issuers file with SEC
ALTERNATIVES APR 14, 2021
Bitcoin ETF line gets longer; eight issuers file with SEC

ETF issuers are betting en masse that U.S. regulators will green-light a fund tracking the largest cryptocurrency.

By Bloomberg
SEC will not assess merit of ESG investments: Peirce
ESG APR 13, 2021
SEC will not assess merit of ESG investments: Peirce

The agency’s role is not to determine whether any particular strategy is a good one, but to ensure investors know what they are getting, according to Securities and Exchange Commission member Hester Peirce.

By Mark Schoeff Jr.
Trillium seeks out leaders in carbon constrained economy
ESG APR 12, 2021
Trillium seeks out leaders in carbon constrained economy

Matt Patsky runs Trillium and its biggest fund with an eye on delivering for investors, while also fostering a belief in his responsiblity to make the world a better place.

By Liz Skinner
Fund manager finds way around capital gains distributions
PRACTICE MANAGEMENT APR 12, 2021
Fund manager finds way around capital gains distributions

Huber Capital Management borrows a page from the exchange-traded fund industry to protect mutual fund investors from taxes.

By Jeff Benjamin
SEC warns advisers about shortcomings in ESG compliance
RETIREMENT PLANNING APR 12, 2021
SEC warns advisers about shortcomings in ESG compliance

The risk alert is the latest step the SEC has taken to emphasize ESG oversight. In recent weeks, it has formed an enforcement task force and released a request for public comment on ESG and climate-risk disclosures.

By Mark Schoeff Jr.
Cryptocurrency nears adviser tipping point as players pile in
ALTERNATIVES APR 12, 2021
Cryptocurrency nears adviser tipping point as players pile in

Regulatory uncertainty and lack of access to familiar investment vehicles currently keep most advisers on the sidelines, but a study finds 44% expect to be working with cryptocurrencies within five years.

By Devin McGinley
Advisers are missing the boat on ESG: Cerulli
RIAS APR 12, 2021
Advisers are missing the boat on ESG: Cerulli

Surveys of investors and financial advisers show a disconnect between what investors want with regard to environmental, social and governance strategies, and what most advisers think their clients want.

By Jeff Benjamin