The Securities and Exchange Commission has settled charges against Chicago-based investment advisor Aon Investments and in a separate action, the firm’s former partner Claire Shaughnessy for misleading the Pennsylvania Public Employees’ Retirement System (PSERS) on a certain discrepancy when calculating investment returns. Without admitting or denying the findings, both Aon and Shaughnessy consented to the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Time supposedly waits for no one. But try EDF, where clocks really run slow. France’s state-run utility has announced yet another painful increase in the cost and delivery date of its Hinkley Point C nuclear
Municipals were little changed Wednesday amid another busy primary session as U.S. Treasury yields rose throughout most of the curve and equities ended up. Despite municipal performance being in the red to start to 2023, municipal mutual funds continue to see inflows. The Investment Company Institute Wednesday reported more inflows into municipal bond mutual funds
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump will win the New Hampshire Republican primary, the Associated Press projected on Tuesday night, cementing his frontrunner status and raising questions about whether Nikki Haley would end her bid for the White House.
Municipals were mixed Monday ahead of a heavy new-issue slate while U.S. Treasuries were better and equities saw smaller gains after last week’s record-breaking moves. Munis continue to struggle in 2024, with the asset class seeing negative returns of 1.01% so far this year. This is a turnaround “from the last quarter of 2023 in
Allan Katz has been named chief financial officer at Siebert Williams Shank, the firm announced on Monday. Katz comes to Siebert from Guggenheim Securities, where he was also CFO. Katz is well known for guiding operational improvement and expense control in the financial services sector, the firm said.  Guggenheim Securities is a FINRA-regulated broker-dealer. Katz was there
Federal transportation and housing funding will continue to flow until early March after Congress late Thursday passed a short-term appropriations bill a day ahead of a partial government shutdown. “There will not be a shutdown on Friday,” said Senate Majority Leader Chuck Schumer, D-N.Y. “Because both sides have worked together, the government will stay open.
Dubai’s property boom in the years following the Covid-19 pandemic has been one of the fastest in the world, fueled by investor-friendly reforms and a surge in expat demand, particularly from Russia in the wake of the start of Moscow’s full-scale war with Ukraine. Some of Dubai’s luxury developments cater specifically to Russian buyers, with