Eagle Investment Systems and Donnelley Financial Solutions have formed a strategic alliance to create an integrated offering that will help firms comply with new monthly and annual SEC reporting rules that require the gathering of “census-type” and portfolio data about mutual funds and exchange-traded funds (ETFs). Specifically, the alliance will graft Donnelley’s financial reporting and… Read More >>
TSX Jolts the Mutual Funds Market in Canada
The Toronto Stock Exchange (TXS) is taking on the operational and cost inefficiencies in the processing of mutual fund transactions via the launch of TSX NAVex for Canadian market participants, namely dealers and mutual fund manufacturers. The TXS NAVex is an attempt to provide automation for mutual fund processing, which is mostly manual now, says… Read More >>
SEC Targets Mutual Funds, ETFs via Curbs on Derivatives
As expected, the SEC has voted to propose new derivatives rules that would limit leverage and other risks for mutual funds, exchange-traded funds (ETFs) and other registered investment companies in the derivatives markets. After a 90-day comment period, the commission is likely to move forward on the new rules. New rules are needed, the commission… Read More >>
Elizabeth Warren’s Inquiry Spurs Resignation at Brookings Institution
Elizabeth Warren has taken on two conflict of interest issues recently in her challenge to Wall Street-sponsored objections to a proposed federal rule that would as she has said end advisors making investment recommendations “based on the free vacations, cars, bonuses, fees, and other kickbacks” from mutual fund managers. Her efforts also extended into alleged… Read More >>
Fears Over Liquidity Risk Spur SEC, FINRA Into Action
Better liquidity risk management amid volatile markets has become the new byword for regulators. The SEC is trying to rein in liquidity issues for mutual funds and exchange traded funds (ETFs) while independent regulator the Financial Industry Regulatory Authority is targeting liquidity problems for broker-dealers, even citing the liquidity risks that “played a large role… Read More >>
Everence Capital CIO to Lead Praxis Mutual Funds
Chad M. Horning, Everence Capital Management’s chief investment officer (CIO) has been named the new president for the company’s mutual fund family, Praxis Mutual Funds, effective March 10, officials say. Everence, whose corporate center is Goshen, Indiana, oversees the Praxis Mutual Funds group. In addition, Horning will serve as a senior vice president for Everence,… Read More >>
