In the Margins
BlackRock CEO Laurence Fink on Tuesday told his counterpart at AllianceBernstein, Peter Kraus, that he should "learn more" about exchange-traded funds. Fink was responding to comments Kraus had made to The New York Times in which he said ETFs "are not safe." Read the original story from Reuters.
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Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
The Securities and Exchange Commission this week said it found "deficiencies" and "weaknesses" in mutual funds' governance practices during examinations over the past four years. The ...