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A new administration has asset managers hopeful for progress on a longtime issue: ESG data.
Biden is expected to take on topics like climate change, which the industry believes could usher in more ESG growth.
But ESG has no clear-cut definition, and investors say smartly analyzing data must be part of the equation.
A new administration, including a passionate new head of the Securities and Exchange Commission, Gary Gensler, has the asset management industry hopeful for meaningful progress on a longtime issue: data for environment, social, and governance-focused funds.
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Thursday s hearing on GameStop s market frenzy will be a rare time when hedge fund s biggest names speak publicly.
Citadel founder Ken Griffin and Melvin Capital founder Gabe Plotkin are both slated to testify.
In a rare twist, a major hedge fund founder, Plotkin, was hurt by the market moves.
The men and it s almost always men who run hedge funds don t speak publicly, and they definitely don t like doing so in front of Congress.
But compared to the last time Citadel founder Ken Griffin sat in front of a congressional panel, Thursday s hearing on last month s GameStop-addled market frenzy comes at a much more pleasant time.
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Cathie Wood, the founder of ARK Invest, has amassed legions of obsessed followers.
Wood has become a favorite of the Wall Street Bets crowd, and successfully kept control of her firm.
Now, with assets accumulating and new funds coming out, the question is, can she sustain her success?
So far, this year has belonged to Cathie Wood. You could argue last year did too.
The founder of ARK Invest has seen flows into her active exchange-traded funds beat those of massive franchises like BlackRock s iShares, thanks to her blockbuster 2020 performance, which was driven by bets into mega-growth stocks like Tesla.
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Seth Klarman added significantly to his SPAC portfolio in the fourth quarter.
The billionaire founder of Baupost Group pumped hundreds of millions into blank-check companies.
Klarman has now invested in SPACs run by Dan Och, Dragoneer CEO Marc Stad, and more.
Legendary value investor Seth Klarman has found a new favorite bet: SPACs.
The Boston-based billionaire pumped $195 million into a half-dozen special-purpose acquisition companies in the fourth quarter, a new regulatory filing shows. Baupost Group, the more-than-$30-billion hedge fund run by Klarman, put money in SPACs run by hedge-fund billionaire Dan Och, Dragoneer CEO Marc Stad, and Egyptian billionaire Nassef Sawiris, among others.