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...The move comes as the Lower Gulf firm battles potentially financially ruinous legal claims over failings in its audits of Abraaj, a private equity group that collapsed in 2018....
...That raises concerns they will lose faith in the long-term value of 401(k) and other retirement savings plans and reduce contributions....
...For others, it means dropping the term completely. A $95.2bn Massachusetts state pension fund voted last week to change the name of its ESG Committee to the Stewardship and Sustainability Committee....
...Then, the financier decided to sack his executive committee instead, emailing partners on Christmas Eve claiming the committee had received bad legal advice and was driving the firm towards destruction....
...The former Goldman Sachs partner — who runs US private equity firm RedBird and launched Abu Dhabi-backed investment group RedBird IMI with former CNN boss Jeff Zucker last year — has emerged as one of the...
...Many recordkeepers still do not offer ETFs in 401(k) accounts because of operational issues. But it is not just ETFs that are taking money from mutual funds....
...“ETFs are generally excluded from the approximately $6.6tn 401(k) marketplace primarily due to technology limitations of 401(k) record-keeping systems,” it said in the filing....
...She wrote post-Brexit responses on behalf of lobby group TheCityUK and governing authority the City of London Corporation....
...A group of senior partners at KPMG has urged the firm’s global bosses to suspend the leadership at its United Arab Emirates business, citing nepotism, cronyism and a culture of fear allegedly stoked by the...
...Instead, employers offered to match their workers’ contributions to a slate of mutual funds inside a tax-advantaged retirement plan, usually known as a 401(k) after the relevant section of the tax code....
...Partners at Kirkland & Ellis have invested hundreds of millions of their own dollars in deals done by the private equity groups they advise, say people with knowledge of the firm....
...Profits at Somerset Capital Management LLP fell by over 35 per cent to £9.7mn in the year to the end of March 2021, according to its latest accounts....
...The firm is now owned by $1.3tn US fund group PGIM He will remain in place until the end of this year before Michael Dicks, now the fund’s chief economist, takes over as chief investment officer....
...Apsez audit committee chair Gopal Krishna Pillai, a former special secretary in the commerce ministry of India, said the committee disagreed with Deloitte’s argument....
...Shearman & Sterling O: 8; L: 8; I: 8; Total: 24Advice to a steering committee led to the closure of the fifth issuance of the Women’s Livelihood Bond Series for Singapore-based investment organisation Impact...
..., adding that it would solve an “enormous problem” for traditional mutual fund companies with significant assets in retirement plans such as 401(k)s that do not use ETFs....
...Odey Asset Management, which oversaw investments worth around $4.4bn before the allegations broke, announced last week that two of its star managers were in advanced talks to move their funds and that other...
...New services WINNER: Borden Ladner GervaisOriginality: 8; Leadership: 8; Impact: 8; Total: 24The firm struck a deal with Ivanhoé Cambridge, the property arm of investment group Caisse de dépôt et placement...
...Standout White & CaseO: 8; L: 8; I: 8; Total: 24Morningstar, an investment research company, was accused by several campaign groups of potential anti-Israel bias in its ESG ratings related to human rights...
...UK ministers have been put under pressure over planned crypto regulations by a group of crossbench MPs who are seeking a more radical overhaul of the industry....
...This group of data analysts identifies commercial, financial and investment opportunities and risks for clients and the firm....
...When that other executive committee also refused to drop the disciplinary proceedings, he sacked them too. So the current executive committee at Odey Asset Management are the third....
...The legislation would allow ordinary Americans to more easily allocate their 401(k) contributions towards private equity funds, an asset class previously unavailable....
...Geovanis declined to comment on the committee’s characterisation of his conduct around women.)...
...(part of the Sony group), creating one of India’s biggest media conglomerates....
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