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New ETF uses artificial intelligence to time the market
ETFS MAY 24, 2023
New ETF uses artificial intelligence to time the market

The fourth ETF from upstart Qraft will test the limits of AI by going in and out of the market based on what the data say.

By Jeff Benjamin
Crypto startup gets special purpose broker-dealer license with SEC
ALTERNATIVES MAY 23, 2023
Crypto startup gets special purpose broker-dealer license with SEC

The approval allows Prometheum Ember Capital to safekeep digital asset securities on behalf of individual and institutional clients as a qualified custodian.

By Bloomberg
How innovations in non-listed REIT redemption programs meet investor needs
OPINION MAY 23, 2023
How innovations in non-listed REIT redemption programs meet investor needs

The new generation of nontraded REITs has been designed with monthly or quarterly repurchase limits to align the interests of stockholders with the less liquid nature of the assets.

By Anya Coverman
Efforts to sway public opinion on ESG aren't working, survey suggests
ESG MAY 23, 2023
Efforts to sway public opinion on ESG aren't working, survey suggests

A Gallup poll shows that people's familiarity with ESG and views about it might not have been affected by the culture wars.

By Emile Hallez
Sales of nontraded REITs remain weak in April
ALTERNATIVES MAY 23, 2023
Sales of nontraded REITs remain weak in April

Nontraded real estate investment trusts reported $485 million of sales in April, the lowest level since August 2020, according to Stanger.

By Bruce Kelly
Swiss Re quits net zero group
ESG MAY 23, 2023
Swiss Re quits net zero group

The world's second-largest reinsurer is now the fourth major company to walk away from the Net Zero Insurance Alliance.

By Bloomberg
Insurers take heat from shareholders over oil and gas coverage
ESG MAY 22, 2023
Insurers take heat from shareholders over oil and gas coverage

Resolutions asking companies to phase out coverage for new projects aren't doing as well as those pushing insurers to disclose plans for their climate goals.

By Emile Hallez
BNY Mellon ups its cash management game
RIAS MAY 22, 2023
BNY Mellon ups its cash management game

Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.

By Jeff Benjamin
Finra arbitrators order Fidelity to pay options trader nearly $4 million
ALTERNATIVES MAY 19, 2023
Finra arbitrators order Fidelity to pay options trader nearly $4 million

The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.

By Mark Schoeff Jr.
ESG jobs in finance come with a bigger paycheck, data show
PRACTICE MANAGEMENT MAY 19, 2023
ESG jobs in finance come with a bigger paycheck, data show

Hiring and compensation for industry position with 'ESG' in the title have increased, Revelio Labs found.

By Emile Hallez
Sustainable investing practice brings advisor 'perfect' clients
PRACTICE MANAGEMENT MAY 19, 2023
Sustainable investing practice brings advisor 'perfect' clients

Ninety-eight percent of Eric Souder's clients are invested in socially responsible portfolios he runs that are built with institutional shares of mutual funds.

By Emile Hallez
What keeps these top securities regulators awake at night?
RIAS MAY 19, 2023
What keeps these top securities regulators awake at night?

"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.

By Bruce Kelly
Impax North America president Keefe to retire
PRACTICE MANAGEMENT MAY 18, 2023
Impax North America president Keefe to retire

Joe Keefe, who has led the group and its precursor since 2005, will be replaced by Ed Farrington, the group's head of distribution.

By Emile Hallez
Fund shops focused on ESG despite pushback, reports show
RETIREMENT PLANNING MAY 18, 2023
Fund shops focused on ESG despite pushback, reports show

More than half of US asset managers see ESG as a high priority, and many are adding staff to support that.

By Emile Hallez
Finra chair: Industry needs to improve disclosures about complicated investments
EQUITIES MAY 18, 2023
Finra chair: Industry needs to improve disclosures about complicated investments

'We do it in a way where they're virtually unreadable,' Eric Noll, CEO of Context Capital Partners, said of disclosures at the Finra annual meeting.

By Mark Schoeff Jr.
SEC's Crenshaw sees potential overlap in EU-US climate rules
ESG MAY 17, 2023
SEC's Crenshaw sees potential overlap in EU-US climate rules

The watchdog agency teed up a sweeping proposal in March 2022 intended to standardize the types of disclosures public companies make about greenhouse gas reduction goals.

By Bloomberg
GOP attorneys general go after climate-minded insurers
LIFE INSURANCE AND ANNUITIES MAY 17, 2023
GOP attorneys general go after climate-minded insurers

The Republican AGs are examining net-zero goals that insurance companies have agreed to as part of an industry group.

By Emile Hallez
Bank group led by Barclays, Morgan Stanley nearing deal on CO2 disclosure
ESG MAY 17, 2023
Bank group led by Barclays, Morgan Stanley nearing deal on CO2 disclosure

The agreement would move efforts forward on calculating and disclosing the carbon footprints of the industry’s capital-markets operations.

By Bloomberg
As You Sow shines light on fossil fuels in 401(k) bond funds
RETIREMENT PLANNING MAY 16, 2023
As You Sow shines light on fossil fuels in 401(k) bond funds

An analysis tool on its Invest Your Values site gives participants a peek into the exposure their plans have.

By Emile Hallez
Envestnet launches ETFs blending active and passive strategies
ETFS MAY 15, 2023
Envestnet launches ETFs blending active and passive strategies

The four ETFs consist of passive and factor-based exposures managed by Envestnet and active exposures managed by third-party investment managers.

By Ryan W. Neal