The U.S. Securities and Exchange Commission (SEC) earlier initiated a probe due to the accounting of the TCA Global Credit Master Fund, a fund managed by Florida-based TCA Fund Management Group Corporation. The fund manager is closing its main credit hedge fund after the SEC probed its accounting. According to a customer letter by TCA, [...]
Alternative data quickly went from a quirky subset used by only the most sophisticated hedge funds to a multi-billion-dollar behemoth that has investors and companies like Vista Equity Partners, Nasdaq, and Bloomberg diving in. Last year was an inflection point for the industry, which is adding new vendors every day and putting more and more pressure on long-time players. Once rock-solid business models have been upended, as hedge fund clients have grown more sophisticated and changed their preferences. As Business Insider has reported, the rapidly changing space has rocked veteran players like Thasos, 7Park Data, and Jefferies' MScience.
Rhode Island General Treasurer Seth Magaziner today announced that the State Investment Commission has voted to approve his proposal to pull pension fund investments in companies that manufacture assault-style weapons for civilian use or operate private for-profit prisons. "Assault weapons and...
Billionaire and Milwaukee Bucks co-owner Wes Edens did not show up to board and committee meetings as chair of the firm overseeing one of America's largest newspaper chains, even as his private-equity shop racked up a $115 million tab for its management of it, according to reports from a proxy advisory firm seen by Business Insider, as well as SEC filings. The influential shareholder advisory firm, Institutional Shareholder Services, issued reports to clients from May 2018 to November 2019 that described Edens' "poor attendance" at meetings.
The head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, said it was likely to become one of the limited partners of private equity group Baring Vostok, should the firm decide to raise new funds.
State prosecutors in Brazil have charged Vale's (NYSE: VALE) former chief executive, Fabio Schvartsman, with homicide after the catastrophic tailings dam disaster last January at...
EQT, through its EQT Infrastructure IV fund, and Singapore's Temasek Holdings created O2 Power, a renewable energy platform in India that is headquartered in Gurgaon. This platform will be led by Parag Sharma and will target over four gigawatts of installed capacity across solar and wind. Parag Sharma is the former Chief Operating Officer of [...]
Vanguard Continues To Lower The Cost Of Investing, Expands Commission-free Online Trading: News Scan | Financial Planning
Vanguard continues to lower the cost of investingVanguard extended commission-free online trading for stocks and options to all of the asset manager's brokerage clients, effective immediately, according to the firm. The move expands Vanguard Brokerage's commission-free platform, which has included all Vanguard mutual funds since 1977 and all Vanguard ETFs since 2010, and nearly every ETF in the industry since 2018. Additionally, more than 3,000 non-Vanguard mutual funds have no transaction fee when traded online, the firm says.