Real estate investment firm The Townsend Group cost the Dallas Police & Fire Pension System up to $1.2 billion in damages by failing to adequately warn it of the risks of investing in undeveloped land, the pension plan told a Texas state court jury Wednesday.
The firm will see a co-founder step down from its executive committee, while various heads of international regions and countries are retiring and transitioning away from the roles.
The board does much of its work through standing committees that include finance, audit, compensation and organizational development and the Rice Management Company.
The regulatory body proposed amendments to rules and reporting forms for investors to categorize certain types of ESG strategies broadly and require funds and advisers to provide more specific disclosures based on the ESG strategies they pursue.
The wealth management firm has appointed a senior managing director and president of Western Michigan to lead its team in delivering holistic advice and client service to foundations and endowments.
The firm hired a principal and head of sustainability and ESG integration to provide strategic direction for ESG integration across its senior lending, junior capital and private equity solutions strategies.
Former Citadel analyst Gregory Blotnick has been sentenced to over four years in prison by a federal judge in Newark, New Jersey, after claiming $4.6 million fraudulent Covid relief loans for his start-up hedge fund Brattle Street Capital LLC, according to a report by BNN Bloomberg.
Most traditional hedge funds getting into digital assets are still just ‘dipping their toes’ in the water with 57% having less than 1% of total AuM in digital assets.