Hedge fund Impactive Capital is threatening a proxy fight in an effort to secure a seat on Envestnet's board.
While some claim more regulatory clarity could have helped prevent an event like the FTX collapse, others argue new rules take time and might not be what investors are hoping for.
Changing regulations are combining with technology to potentially push $10 trillion into alt strategies by 2030.
Over the past 12 months, the company's shares have fallen from a high of $10.55 to Monday's price of $1.03.
Crypto bulls see the sell-off as a buying opportunity and distinguish the offshore platform from regulated funds and U.S.-based platforms.
Regulators will press on with their climate agendas, as will anti-ESG politicians.
The one-year drop in premiums does not offset the overall inflation in health care costs.
A roundup of the week's top fintech news, including crypto's collapse, Envestnet's custodian plans and SEI adding UMAs.
Martin A. Ruiz took $8 million of client money and spent the vast majority of the funds on personal expenses.
Entities tied to FTX.com, FTX US and trading firm Alameda Research were part of the Chapter 11 bankruptcy filing in Delaware.
While crypto skeptics feel vindicated, a proponent calls the collapse of the world's second-largest digital platform 'very bad news in the short term.'
The fund would follow the Morningstar Global Emerging Green Technologies Select Index.
There's increasing interest in employing annuities in retirement plans, but plan sponsors need to review the products carefully.
Sam Bankman-Fried told investors the crypto exchange needs $4 billion to remain solvent. Meanwhile, U.S. authorities are investigating FTX.
The news that Binance withdrew its offer sent bitcoin to its lowest level since November 2020.
Customers of the fallen crypto exchange pulled out $430 million worth of bitcoin in the space of just four days.
The exchange said the warrants weren't suitable for listing because of their extremely low pricing.
The proposed deal for Sam Bankman-Fried's 3-year-old exchange will 'help cover the liquidity crunch.'
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.
Turnkey asset management platforms can help advisers grow their practices, panelists say.
