Daily Archives: September 6, 2022, 4:51 pm

SEC Charges Perceptive Advisors for Failing to Disclose SPAC-Related Conflicts of Interest

The Securities and Exchange Commission today charged New York-based investment adviser Perceptive Advisors LLC with failing to disclose conflicts of interest regarding its personnel’s ownership of sponsors of special purpose acquisition companies (SPACs) into which Perceptive advised its clients to invest. According to the SEC’s order, in 2020, Perceptive formed multiple SPACs whose sponsors were owned both by Perceptive personnel…

Read More

Crypto Regulation Is Not So Complex, Crypto Skeptics Say – Decrypt

Speakers at Monday’s “Crypto Policy Symposium,” a gathering of cryptoskeptics, or “nocoiners,” dismissed the common calls for “regulatory clarity” from crypto proponents as a “distraction.” Regulations around crypto are perfectly clear, they said—and that’s why crypto enthusiasts don’t like them. “An Oscar should go to whomever first coined ‘regulatory clarity,’” said Santa Clara University associate law professor Stephen Diamond. In…

Read More

ESG must be split in two | Financial Times

The flaw is that ESG has carried two meanings from birth. Regulators have never bothered disentangling them, so the whole industry speaks and behaves at cross purposes. One meaning is how portfolio managers, analysts and data companies have understood ESG investing for years. That is: “taking environmental, social and governance issues into account when trying to assess the potential risk-adjusted returns…

Read More

Lombard Odier Says ‘Shocking’ Cyber Risks Trigger ESG Rethink – Bloomberg

Lombard Odier Investment Managers said the “shocking” results of an analysis into cybersecurity risks lurking in portfolio companies has led it to apply ESG processes far more broadly to protect its funds from losses. The Swiss asset manager is now on a campaign “to push these companies to get their basic cyber hygiene in order,” said Jeroen van Oerle, portfolio…

Read More