The US Department of Labor’s final regulation on the investment duties of ERISA fiduciaries contains a special rule on proxy voting by ERISA pooled investment vehicles, which requires action by ...

Since the beginning of the Russian invasion of Ukraine, the Tufts community has drawn attention to the fact that Russian securities make up a small but notable portion of the university’s endowment.

Suppose your financial adviser refused to show you the breakdown of your investment portfolio. That would be unimaginable. But that’s the position the State Investment Board has allowed to happen to a ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Money managers held 39.4% of their U.S. defined contribution assets in mutual funds and exchanged-traded funds at the end of 2022, down from 45.9% in 2017, based on data collected by Pensions & ...

CHICAGO--(BUSINESS WIRE)--On November 12th, PPM America, Inc. (PPM) announced the closing and liquidation of its remaining two mutual funds, the PPM Core Plus Fixed Income Fund (PKPIX) and the PPM ...

The world's largest cryptocurrency exchange, Binance, commingled customer funds with company revenue in 2020 and 2021, in breach of U.S. financial rules that require customer money to be kept separate ...

NEW YORK--(BUSINESS WIRE)--Ramirez Asset Management (“RAM”) will enter the pooled investment market with the launch of two mutual funds that will offer share classes for both retail and institutional ...