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The proposed change to legislation would help fund Joe Biden’s $3.5tn budget package
Asset manager’s $4.4tn long-term mutual funds range bled $41bn in year to end of August, Morningstar data show
Move comes after similar decision by US Federal Reserve, which has $8.7bn in ETFs
An evening of seamless improvisation from a free-jazz guitarist and a top-notch trio
Shareholders have a history of rebelling against steep executive compensation
Robust growth draws foreign cash, but democratic reforms lag behind
Former employee wants whistleblower protection over allegations of decades-long tax evasion
Index company accused of stealing idea for volatility benchmarks
Four shareholder lawsuits claim company’s US-domiciled mutual funds overcharge investors
Asset management arm expands defined contribution offering via ‘stable value’ funds
Top US managers have yet to tap the vast A-shares market
Low supply of issuance and anti-tax exemption sentiment are problematic
Dodd-Frank namesake rejects push for tougher asset manager oversight
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