In The News
The SEC chairman expressed concern about high fees, lack of transparency and fuzzy performance metrics at private-equity funds and hedge funds.
HMC sold its holdings in several technology and pharmaceutical companies while increasing its investments in Facebook in the third quarter of 2021.
SEC Staff identified deficiencies with a majority of advisers examined. In the alert, the Staff noted that fee calculation-related deficiencies often result in financial harm to clients.
Ohio’s largest public pension system is suing Facebook, saying the social-media giant misled investors and other members of the public about the risks its products posed to children.
Changes to the pension fund program in the past decade have diminished its effectiveness.
As fossil fuels become more volatile, pensioners may be exposed to greater risk unless their funds divest.
A new study from bfinance, the independent investment consultancy, has revealed that institutional asset management fees have fallen significantly in a number of asset classes – particularly certain ESG or Impact strategy types.
The appointment of these partners reflects Castlelake’s desire to elevate differentiated talent across the organization and continually optimize its leadership.
The SEC chair’s suggestions that fees should go down would foster strategies designed to attract clients rather than improving performance.
Gary Gensler, whose resume includes a stint at Goldman Sachs Group Inc., says he’s amazed that the hedge fund 2-and-20 fee model has prevailed in the decades since he left Wall Street.
