Tag: Greg Iacurci

Wall Street wants to end Trump-era ESG fund rule for 401(k) plans

Mary Pat Campbell

Link: https://www.cnbc.com/2021/03/04/wall-street-wants-to-end-trump-era-esg-fund-rule-for-401k-plans.html

Excerpt:

The Labor Department issued a rule in October, during the Trump administration, that experts say would curb use of ESG funds in 401(k) plans.

Money managers and other stakeholders are pushing the Biden administration to scrap the rule or agree not to enforce it, according to a report in The Wall Street Journal.

Investor demand for ESG funds has grown significantly. 401(k) plans represent a big untapped growth source.

Author(s): Greg Iacurci

Publication Date: 4 March 2021

Publication Site: CNBC

Why the GameStop frenzy may hurt retirees along with hedge funds

Mary Pat Campbell

Link: https://www.cnbc.com/2021/02/01/why-the-gamestop-frenzy-may-hurt-retirees-along-with-hedge-funds.html

Excerpt:

KEY POINTS

Retail investors such as Reddit users have targeted stocks like GameStop that are heavily shorted by Wall Street.

Some hedge fund losses extended into the double digits.

That could spill over to pension plans. Some invest more than 20% of their assets in hedge funds.

Author: Greg Iacurci

Publication Date: 1 February 2021

Publication Site: CNBC