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...Four have adopted pro-ESG laws, according to the K&L Gates law firm....
...responsible for about $250bn of investments across five pension funds....
...Last year, nearly 14 per cent of S&P 500 companies faced shareholder proposals to split the roles, up from 6 per cent in 2021. Support for the proposals has averaged about 30 per cent....
...He worked there from October 2018, and headed the firm’s S&P 500 options desk until his move to Millennium in February. Spottiswood worked for Jane Street from August 2020 to February....
...The challenge to mutual fund dominance has been brewing since State Street launched the very first US ETF in 1993, an S&P 500 tracking fund known as SPY that now has $500bn in assets....
...And so if you want to invest in something that tracks the S&P 500 or the FTSE 100, you can buy a BlackRock fund that does that. And they have lots and lots of them....
...CVC Capital Partners, General Atlantic and L Catterton are among the prominent private equity groups considering going public, the Financial Times has previously reported....
...They would pump in $1.8bn in debt to refinance maturing loans and fund working capital and the growth of new clubs, Equinox said in a press release on Friday....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...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...
...Many are now snapping up options tied to the S&P that profit if the market keeps on rising....
...“They are fulfilling this fundamental role in directing capital to companies but relying far too much on companies’ self-reporting,” she said....
...Diego Megia is targeting $4bn to $5bn of investor capital for the launch of macro hedge fund Taula Capital....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on social media...
...Using ETF fund data from etfdb.com and equity market data from www.cboe.com, I calculated rebalancing flows for all US equity L&I ETFs on this day to be just over US$20 billion of equities sold, representing...
...“PE compensation is predominantly derived from the P&L of the firm — which is based on the management fee of the fund, and this is locked in for the life of the fund,” said Tom Thackeray, a partner at Heidrick...
...It is starting with 57 index ETFs and mutual funds. Its flagship S&P 500 fund, SPY, the world’s largest with $431bn in assets, is not eligible because of rules surrounding its structure as a unit trust....
...Could this be the end for the mutual fund? We’re also reading . . ....
...The best paper on this is probably Jean-François L’Her, Rossitsa Stoyanova, Kathryn Shaw, William Scott, and Charissa Lai’s paper “A Bottom-Up Approach to the Risk-Adjusted Performance of the Buyout Fund...
...Brooke Masters The real impact of the ESG backlash ESG ratings: whose interests do they serve?...
...European capitals are racing to find $1.5bn in emergency military funding for Ukraine to compensate for the congressional deadlock on US aid and delays in European production....
...They are subject to capital gains tax of 15 per cent on positions held for less than a year, or 10 per cent if held for longer....
...Economic data: S&P Global publishes its manufacturing and services purchasing managers’ indices for the US....
..., and an L Catterton partner focused on impact investing you might expect some fur to fly....
...Inclusive Capital’s results were down 6 per cent in 2022, while the S&P 500 declined by 18 per cent, people familiar said....
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