The US Department of Labor’s final regulation on the investment duties of ERISA fiduciaries contains a special rule on proxy voting by ERISA pooled investment vehicles, which requires action by ...

DALLAS--(BUSINESS WIRE)--PGIM has announced the final close of PGIM Energy Partners II, L.P. (“PEP II”), the second commingled private credit fund available to unaffiliated investors in its middle ...

CHICAGO--(BUSINESS WIRE)--On November 12th, PPM America, Inc. (PPM) announced the closing and liquidation of its remaining two mutual funds, the PPM Core Plus Fixed Income Fund (PKPIX) and the PPM ...

Suppose your financial adviser refused to show you the breakdown of your investment portfolio. That would be unimaginable. But that’s the position the State Investment Board has allowed to happen to a ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Money managers held 39.4% of their U.S. defined contribution assets in mutual funds and exchanged-traded funds at the end of 2022, down from 45.9% in 2017, based on data collected by Pensions & ...

The world's largest cryptocurrency exchange, Binance, commingled customer funds with company revenue in 2020 and 2021, in breach of U.S. financial rules that require customer money to be kept separate ...