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...That raises concerns they will lose faith in the long-term value of 401(k) and other retirement savings plans and reduce contributions....
...It is good for fund managers who want to use this [information] in marketing through brokers,” said Lance Dial, a partner at the K&L Gates law firm....
...(Aeon) — Biggest Tory donor said looking at Diane Abbott makes you ‘want to hate all black women’ (The Guardian) — More Americans are using their 401(k)s like cash machines (Wall Street Journal) — The...
...Four have adopted pro-ESG laws, according to the K&L Gates law firm....
...It means that managers can continue to offer mutual funds to users of retirement schemes such as 401(k) plans, which give equal tax status to ETFs and mutual funds....
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...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....
...In today’s newsletter: Kirkland & Ellis confronts a dealmaking slowdown The PE dealmaker who’s everywhere right now KKR jumps on a deal Carlyle snubbed QE+PE= K&E Chicago law firm Kirkland & Ellis has...
...“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....
...investors, including sovereign wealth funds, pension funds and central banks....
...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....
...But the A class shares trade at $634,030 — meaning a single share is worth four times as much as the average 401(k) plan on Vanguard’s numbers. Sure, no splits means missing out on froth....
...Blackstone’s BXPE, which managed $1.3bn in January, follows those of KKR’s K-Prime and Apollo’s AAA, which also invest a portion of their funds in buyout strategies....
...Even so, Rich Kerr, an attorney who co-leads the digital assets team at law firm K&L Gates, is optimistic that the new crop of spot bitcoin ETFs might be easier to approve than expected....
...“In the US, everyone I know invests, whether it’s for their kids’ college funds or their 401(k) [pension] top-up . . . in the UK it’s only a minority who call themselves confident investors,” said Olley,...
..., 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....
...The programme has been on hold since last month after the fund and Sri Lanka failed to agree on terms for the next disbursement....
...Robert ArmstrongAnd those together are 100 per cent of my 401(k) so I am in big trouble....
...The SEC declined to comment on the scope of the final rule and on public comments about the proposal, but Abigail Hemnes, a partner at K&L Gates, said the regulator might strip out the ESG section because...
...When Forlano replied that “Rigatoni” — a nickname for Viggiano — “literally works for” Blackstone, Bleckley responded “F[**]k u should’ve told me f[**]k the feds.”...
...In their place, more price-conscious asset managers, hedge funds and pension funds are stepping in, Jay Barry of JPMorgan points out in a recent note....
...In another reported exchange, Forlano replied that “Rigatoni”, a nickname for Viggiano, “literally works for” Blackstone, and Bleckley responded, “F[**]k u should’ve told me f[**]k the feds.”...
...Voters told me that 10 years in power was enough for BRS chief minister K Chandrashekar Rao and complained of his shortcomings....
...Last week, Lee Soo-man and Hybe chair Bang Si-hyuk issued a joint statement promising to grow both companies so as to “enhance K-pop’s global competitiveness” and to pursue Lee’s vision of establishing K-pop...
...Now the rise of these vast back offices — also known as global capability centres (GCCs) — has caused a “huge war for talent” with the traditional IT services industry, said K S Viswanathan, vice-president...
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