Hints and tips:
...Black, who was forced out over revelations that he had paid $158mn for tax advice and other professional services provided by the late sex offender Jeffrey Epstein, is in line to receive about $276mn from...
...But the conclusion Alphaville draws from the chart at the top is that bond funds still charge way too much, and if they’re serious about their fiduciary duties to investors they should keep cutting fees...
...Rowan said Apollo is making money the old-fashioned way: taking prudent risks where others no longer are willing to tread, such as in the senior secured financing of receivables, of aircraft, of real estate...
...It merely allows fiduciaries to take ESG considerations into account as part of a prudent strategy....
...“It could be seen as raising potential questions regarding conflicts of interest and whether appropriate fiduciary process is being followed to equally protect the interests of minority shareholders.”...
...Nineteen state attorneys-general, all of them Republicans, sent a letter to BlackRock last month accusing it of prioritising “activism” over fiduciary duty to their state pension funds....
...The reorganised WPG is structured as a limited liability company, which typically offers fewer fiduciary protections to minority shareholders than a traditional corporation....
...Investment advisers worry the rules would radically change their fiduciary duties....
...Smart reads Swing and a miss PGA Tour commissioner Jay Monahan has touted the tour’s prudent financial management to incentivise players not to defect to Saudi Arabia-backed LIV Golf....
...Indexing used to be a sleepy business, often started by niche newspapers as a service to subscribers....
...“Every bank risk manager will be in the hot seat to prove that outstanding lines and swaps to hedge funds and family offices are prudent and sufficiently collateralised.”...
...“A focus by trustees on securing low charges in a competitive market; the prudent person principle, which requires schemes to take careful consideration of risk and reward; and operational barriers, such...
...As indicated by Edelman’s regular survey of institutional investors, a company’s ability to manage ESG factors is widely viewed as a proxy for prudent risk management, and with good reason....
...Concerns about fiduciary duty are often the obstacle. This duty may be seen as simply to maximise returns, or to meet the prudent person test....
...The global financial crisis in 2008 led to a downturn in the amount of advisory work for professional services firms around the world....
...“The job however also has a significant public service element, which I deeply respect.” Questions remain....
...They say they have a fiduciary responsibility to minimise their tax payments within the bounds of the law....
...The UK regulator feared that clients were being pushed towards the service by the consulting arm of groups....
...There are also concerns about conflicts of interest — for instance, one such adviser, ISS, also offers consultancy services to the companies it reviews....
...influenced by the 2014 introduction of a stewardship code that compels Japan’s biggest institutions from pension funds to banks and insurance groups to approach activism and hostile bids as investors with fiduciary...
...The changes are a victory for corporate lobby groups, who have argued Institutional Shareholder Services and Glass Lewis wield too much power in battles over corporate governance....
...Institutional Shareholder Services recommends shareholders vote against the “discharge”, or approval, of all executives and members of the supervisory board....
...The lawsuit also accuses Apollo Global and The Fresh Market general counsel, Scott Duggan, of aiding and abetting the alleged breach of fiduciary duty by the company’s board....
...There are fears that big investment consultants push clients to use their lucrative fiduciary management services, leading to calls for companies to be forced to spin off their fiduciary arms....
...Maybe WeWork simply thought it wasn't prudent to be paying three ratings agencies when its cash can be deployed productively elsewhere, such as on its annual festival -- SummerCamp....
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