Investing

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Nick Schorsch is back — and heading up a SPAC
ALTERNATIVES FEB 25, 2021
Nick Schorsch is back — and heading up a SPAC

The former nontraded REIT czar is looking for a next act in the securities industry, and this time it's a family affair.

By Bruce Kelly
Corporate climate disclosures to be scrutinized aggressively by SEC
ESG FEB 24, 2021
Corporate climate disclosures to be scrutinized aggressively by SEC

The agency's corporate finance group will focus on climate in their reviews of corporate filings, the regulator announced Wednesday.

By Bloomberg
JPMorgan creates investment product for Black-owned banks
PRACTICE MANAGEMENT FEB 24, 2021
JPMorgan creates investment product for Black-owned banks

The product will initially be distributed by four Black-owned banks, and JPMorgan will share the assets and fees generated with those banks.

By Bloomberg
DOL nominee Walsh raises concerns about Trump rule curbing ESG retirement investing
RETIREMENT PLANNING FEB 24, 2021
DOL nominee Walsh raises concerns about Trump rule curbing ESG retirement investing

Walsh says he will tell EBSA to reexamine the regulation, which an expert says has led to ESG products being taken off of retirement plan platforms.

By Mark Schoeff Jr.
$1.8 billion mutual fund halts redemptions over alleged fraud
EQUITIES FEB 24, 2021
$1.8 billion mutual fund halts redemptions over alleged fraud

The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.

By Jeff Benjamin
2 new ESG ETFs bring small- and mid-cap stocks into focus
EQUITIES FEB 24, 2021
2 new ESG ETFs bring small- and mid-cap stocks into focus

The funds are the first ETFs to track the environmental, social and governance versions of the indexes. The DWS suite of ESG ETFs come with a tracking error of about one percentage point.

By Jeff Benjamin
Bond ETFs hammered by growing inflation bets
MUTUAL FUNDS FEB 24, 2021
Bond ETFs hammered by growing inflation bets

Price pressures are expected to rise now that Covid-19 vaccines are being rolled out and given the prospect of more fiscal and monetary stimulus.

By Bloomberg
How the pandemic highlights diversity challenges in financial services
PRACTICE MANAGEMENT FEB 23, 2021
How the pandemic highlights diversity challenges in financial services

Speakers at Women in Asset Management summit say diversity and inclusion efforts can begin anywhere.

By Jeff Benjamin
Wells Fargo Asset Management sold to private equity for $2.1 billion
ALTERNATIVES FEB 23, 2021
Wells Fargo Asset Management sold to private equity for $2.1 billion

Nico Marais will stay on as CEO of the $603 billion business after the sale to GTCR and Reverence Capital Partners, while there will be fresh faces on the board.

By Jeff Benjamin
Mixing target-dates with other funds linked with higher savings
RETIREMENT PLANNING FEB 22, 2021
Mixing target-dates with other funds linked with higher savings

Savers who invest in individual funds outside of their target-dates are generally better off not because of superior investment acumens – they’re just better at putting money into their accounts.

By Emile Hallez
Attracting Next Gen clients will require advisers heed three trends
FINTECH FEB 19, 2021
Attracting Next Gen clients will require advisers heed three trends

Tech-driven personalization, enhanced user experiences, and ESG served as key themes during InvestmentNews’ inaugural Next Gen Summit.

By Nicole Casperson
Putnam latest old-school fund firm to sell semitransparent ETFs
EQUITIES FEB 18, 2021
Putnam latest old-school fund firm to sell semitransparent ETFs

The 84-year-old fund complex enters the ETF market with four funds, including two ESG strategies, and joins a host of fund companies seeking opportunities in the semitransparent space.

By Jeff Benjamin
Latest gold ETF times the market so advisers don't have to
EQUITIES FEB 18, 2021
Latest gold ETF times the market so advisers don't have to

The fund rebalances gold and cash based on recent market volatility. It marks the first product from Wilshire Phoenix after the firm spent much of the past two years trying to get a bitcoin ETF approved by the SEC.

By Jeff Benjamin
Ariel Investments launches firm to build minority businesses
ALTERNATIVES FEB 17, 2021
Ariel Investments launches firm to build minority businesses

The private asset management firm, Ariel Alternatives, aims to build certified minority enterprises that can supply Fortune 500 companies.

By InvestmentNews
Brokers sold GPB private placements using the worst tactics in Wall Street's playbook
ALTERNATIVES FEB 17, 2021
Brokers sold GPB private placements using the worst tactics in Wall Street's playbook

Client appreciation dinners are all well and good, but private suites at Madison Square Garden are clearly beyond the pale.

By Bruce Kelly
iCapital Foundation, CAIA Association launch education program
ALTERNATIVES FEB 17, 2021
iCapital Foundation, CAIA Association launch education program

AltsEdge will provide 10 modules to help advisers understand and use alternative investments.

By InvestmentNews
Fund companies can follow a road map to ESG success
ESG FEB 17, 2021
Fund companies can follow a road map to ESG success

As investors and financial advisers fine-tune their focus on sustainable investing strategies, fund companies should tailor their offerings.

By Jeff Benjamin
Bitcoin exceeds $51,000 for first time
ALTERNATIVES FEB 17, 2021
Bitcoin exceeds $51,000 for first time

The largest cryptocurrency rose almost 6% Wednesday, following a fivefold surge in the past year, after MicroStrategy said Tuesday it would sell $600 million of bonds to buy more Bitcoin.

By Bloomberg
American Funds to chop fees, change management on five VA funds
RETIREMENT PLANNING FEB 16, 2021
American Funds to chop fees, change management on five VA funds

The changes, which take effect May 1, mark the second time in a year that the company has significantly altered its insurance-series funds to make them match their better-known retail counterparts.

By Emile Hallez
Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators
ALTERNATIVES FEB 12, 2021
Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators

Being behind Canada on Bitcoin funds could put U.S. ETF providers at a disadvantage when it comes to gaining market share.

By Jeff Benjamin