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16 Oct 2020, 3:00 am by Jim Sedor
Plaintiffs in a lawsuit managed to get nearly two extra weeks of counting people as the case made its way through the courts. [read post]
13 Oct 2020, 6:28 am
In order to manage these systemic portfolio risks, investors must move beyond disclosure and company-specific climate risk management frameworks, and focus on holding accountable the relatively small number of large companies whose actions are a significant driver of climate change. [read post]
ASIC warns fund managers to be ‘true to label’ Following the surveillance of 37 managed funds, ASIC warned fund managers on 22 September 2020 that they must do more to ensure that their products are ‘true to label’, whereby the product name must align with the underlying assets. [read post]
6 Oct 2020, 8:42 am by Shannon O'Hare
Unlike in some common law jurisdictions, the security agent is not able to act on behalf of all lenders as a trustee. [read post]
5 Oct 2020, 4:21 pm by Sean Hayes
Many of these creditors are, simply, not in the business of managing assets and would rather offload the asset and cut its losses.Distressed asset sales via Chapter 7 liquidations are typically managed by Chapter 7 trustees or secured creditors. [read post]
1 Oct 2020, 8:15 am by Shane O’Reilly
Check supply contracts and investment management agreements – can notices or instructions be given electronically? [read post]
11 Sep 2020, 3:00 am by Jim Sedor
Louis DeJoy’s Rise as GOP Fundraiser Was Powered by Contributions from Company Workers Who Were Later Reimbursed, Former Employees Say MSN – Aaron Davis, Amy Gardner, and Jon Swaine (Washington Post) | Published: 9/6/2020 Louis DeJoy, a Republican megadonor, pressured employees at his former North Carolina-based business to make contributions to GOP candidates, expenses that DeJoy reportedly reimbursed through bonuses. [read post]
9 Sep 2020, 12:09 pm by Shannon O'Hare
The term “Knowledgeable Employee” is defined as (i) an executive officer, director, trustee, general partner, advisory board member, or person serving in a similar capacity, of the private fund or an affiliated management person (as defined in Rule 3c-5(a)(1)) of the private fund; and (ii) an employee of the private fund or an affiliated management person of the private fund (other than an employee performing solely clerical, secretarial or administrative… [read post]
4 Sep 2020, 3:00 am by Jay Butchko
Trusts and SSI Benefits: A trust is a legal structure in which a person appoints a trustee to manage property and other assets on behalf of a beneficiary. [read post]
APRA will continue to observe how superannuation trustees are managing fund liquidity and ensure appropriate outcomes are provided for members. [read post]
2 Sep 2020, 5:55 am by Andrew Lavoott Bluestone
Stolper’ s management and production company, Wikked Entertainment, Inc. [read post]
2 Sep 2020, 12:21 am by CMS
The first is Palestine Solidarity Campaign Ltd: a company dedicated to support of the rights of the Palestinian people and opposing racism. [read post]
1 Sep 2020, 4:36 pm by Trent Dykes
Knowledgeable employees of a private fund generally include executive officers, directors, trustees, general partners or persons serving in a similar capacity with respect to the fund or its manager and employees of the private fund or its manager (other than employees performing solely clerical, secretarial or administrative functions) who, in connection with their regular functions, have participated in the investment activities of such private fund or other funds… [read post]
1 Sep 2020, 4:36 pm by Trent Dykes
Knowledgeable employees of a private fund generally include executive officers, directors, trustees, general partners or persons serving in a similar capacity with respect to the fund or its manager and employees of the private fund or its manager (other than employees performing solely clerical, secretarial or administrative functions) who, in connection with their regular functions, have participated in the investment activities of such private fund or other funds… [read post]
31 Aug 2020, 2:13 pm by IncNow
LLC stands for Limited Liability Company. [read post]
31 Aug 2020, 7:09 am by Ernest Badway
  The SEC also indicated that limited liability companies (“LLC”) meeting the $5 million asset test are accredited investors, and that their managers were considered executive officers. [read post]