Investing in Environmental, social and governance (ESG) and other socially responsible funds-conventionally a mission of institutional investors-has grown in the retail space as investors look to align their money with their values.
With Congress showing no sign of consensus, the looming threat of a government shutdown is instilling fear and unease among those from Main Street to Wall Street.
We often hear of the gender gap in politics, with women identifying more as Democrats. On public policy issues, women are more likely than men to favor an activist role for government in guaranteeing health care and basic social services while also being more supportive of gun control, same-sex marriage and legalized abortion.
Mellon Capital Management, a multi-asset manager for BNY Mellon, has become a signatory to the United Nations-Backed Principles for Responsible Investment (UN PRI), emphasizing its dedication to incorporating environmental, social and governance (ESG) issues into its investment program.
Bank of America has launched a campaign around socially responsible investing that is designed to enhance products and services available to a growing segment of clients concerned with value-based investing.
Last month, State Street Global Advisors revealed numerous changes meant to modify its core teams in the traditional asset space.
Broadridge Financial Solutions has agreed to acquire Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.
By now, the Securities and Exchange Commission's newly-minted Chair Mary Jo White must be inundated with advice on how to succeed at her job from sources near and far.
Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management.
Thirty eight percent of fund firms across the country said that they will increase technology-related costs while a total of 17% of respondents said they expected no change in whether their firm's technology costs would rise or decline for the rest of 2013, according to the 2013 Money Management Executive Technology Survey.