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Reportable, Inc.: Crypto Fund Managers See Record Setting 2020 Performance


Reportable, Inc.: Crypto Fund Managers See Record Setting 2020 Performance
Boston, Massachusetts (Newsfile Corp. - February 22, 2021) - With Bitcoin rocketing to all time highs, cryptocurrency hedge funds saw record setting 2020 performance with several funds returning more than 5x to their investors, according to CryptoFund Performance. Leading the pack for 4th quarter was the Crypto & Income Strategy (AX Momentum, LP) from Sarson Funds, which took home the award for top performing crypto hedge fund across all strategies for the quarter.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
Sarson Funds Crypto & Income Strategy received top performance honors for Q4 2020. ....

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Fiduciary redux: Don't tinker with Reg BI


Here we go again.
A Senate hearing for President Joe Biden’s nominee for chairman of the Securities and Exchange Commission, Gary Gensler has yet to be scheduled, but that hasn’t kept Regulation Best Interest critics from coming out again, this time with a white paper published by the Institute for the Fiduciary Standard calling for the commission “to move quickly to correct the [Reg BI] rulemaking and interpretations.”
Amending a painstakingly crafted regulation of the magnitude of Reg BI less than a year after it became effective might seem a bit premature like re-renovating a house a year after it was taken down to the studs. But given that Gensler chaired a commission in the state of Maryland that advocated for the state to adopt a fiduciary standard, fiduciary purists see an opportunity to tinker with, if not fully redo, one of the signature achievements of previous SEC Chairman Jay Clayton. ....

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Reliance Standard Expands Integrated Customer Experience and Technology Solutions With Matrix to Include Voluntary Supplemental Health Products


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Reliance Standard Life Insurance Company (Reliance Standard) announced today it has expanded its customer experience, supported by Matrix Absence Management’s technology and service platform, to include voluntary supplemental health products, including Accident, Critical Illness and Hospital insurance.
“The employee experience is how we distinguish ourselves as an enterprise,” said Mark Marsters, president of Matrix and chief operating officer, group benefits, for Reliance Standard. “We see it every day. Whether it’s a routine pregnancy, a child’s broken arm or a spouse is diagnosed with an illness, we want to make sure there is just one person to call to manage that important event, regardless of what benefit or entitlement applies.” ....

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Fiduciary Advocates Urge SEC to Take 'Best Interest' Out of Reg BI


Fiduciary Advocates Urge SEC to Take Best Interest Out of Reg BI
A new report from the Institute for the Fiduciary Standard urges the SEC to “rebrand Reg BI as a ‘New Suitability’ standard for broker/dealers” to clarify that brokers’ product recommendations are different from best interest fiduciary advice.
As the Securities and Exchange Commission Chair nominee Gary Gensler awaits his Senate confirmation process, critics of the agency’s Regulation Best Interest acknowledged that new rulemaking would be necessary to enact the changes they sought, according to participants on a conference call hosted by the Institute for the Fiduciary Standard this week. ....

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