November 13, 2020 Alert

Hi all,

Below are this week’s alerts for the Investment Network.  Enjoy! 

This Issue’s Topics:

  • PUBLICATION: Stradley Ronon: Key Considerations: DOL’s New Final Regulation on ERISA’s Investment Duties (ESG-Related or Not)
  • PUBLICATION: Stradley Ronon: SEC Adopts New Rule on the Use of Derivatives by Registered Funds and BDCs
  • OPPORTUNITY: Flow Traders N.V.: Supervisory Board Director
  • FREE: JP Morgan Chase: Live Webcast
  • FREE: FIS/SmartBrief: The Changing Face of Derivatives – Checkpoint
  • Perspectives: Taking the Next Step: Insights on IPOs, SPACs and Cross-Over Rounds in 2021?
  • CBA Joint Futures and Derivatives Law/Securities Law Committees Meeting: SEC/CFTC Regulatory and Enforcement Trends for 2021
  • 100 Women in Finance Webinar: 2021 Global Economic Outlook – Canadian Economists’ View
  • FREE: Moderne’s Innovation Day
  • ACG Chicago: 2020 Success Stories in the Age of Covid

Publications:

Stradley Ronon: Key Considerations: DOL’s New Final Regulation on ERISA’s Investment Duties (ESG-Related or Not)
November 11, 2020

The U.S. Department of Labor (DOL) finalized amendments to the investment duties of a fiduciary subject to the U.S. Employee Retirement Income Security Act of 1974, as amended (ERISA).1 The rule amendments were aimed at ERISA fiduciaries that utilize products and strategies that incorporate environmental, social and/or governance (ESG) factors. Though the DOL opted not to let the final rule get bogged down in the ESG-lexicon quagmire by removing all express references to ‘ESG,’ the final rule clearly and directly applies to fiduciaries that consider ESG factors when investing on behalf of ERISA plans and funds that hold “plan assets.” Indeed, all ERISA fiduciaries that make investment decisions (including the selection of investment funds for participant-directed plan lineups), regardless of whether ESG is even implicated, should review this rule carefully.

To read more, click here.

Stradley Ronon: SEC Adopts New Rule on the Use of Derivatives by Registered Funds and BDCs
November 13, 2020

On Oct. 28, 2020, the Securities and Exchange Commission (SEC) approved new Rule 18f-4 under the Investment Company Act of 1940 (1940 Act) and further amended other rules and related forms that govern the use of derivatives and certain other transactions by registered open-end funds, closed-end funds, and business development companies (Final Rule). The Final Rule comes nearly five years after the SEC first proposed modernizing its approach to the use of derivatives by registered funds in December 2015.

To read more, click here.

Opportunities:

Flow Traders N.V.: Supervisory Board Director

Flow Traders N.V., a Dutch public company in the FinTech sector, seeks a Supervisory Board Director, and is looking for diverse candidates.

Flow Traders uses proprietary technology and algorithms to make markets in equities and other asset classes. The position will be focused on expansion in the United States and on corporate strategy, playing both a key strategic and M&A advisory role, as well as an emphasis on developing the firm’s fixed income product offering.

For more information, click here.

For more information, and to submit yourself as a candidate, please contact (Mr.) Jamie Souter at The Omerta Group: jamie.souter@omerta-group.com.

Events:

FREE: JP Morgan Chase: Live Webcast
Tuesday, November 17, 2020, 10:00 A.M. CDT

A view of the investment landscape eight months into COVID-19.

It will be 211 days since our last conversation with these two legendary alternative investment managers, Daniel S. Loeb, Founder and CEO of Third Point LLC, and Barry S. Sternlicht, Chairman and CEO of Starwood Capital Group. Mary Erdoes, CEO of Asset & Wealth Management at J.P. Morgan, will moderate a conversation in this live webcast exploring the impact of a new administration, an update on COVID-19 as it relates to the global economy, and their future investing landscape.

For more information, click here.

FREE: FIS/SmartBrief: The Changing Face of Derivatives – Checkpoint
Wednesday, November 18, 2020, 9:00-10:00 A.M. CDT

The Changing Face of Derivatives – Checkpoint

Where are we now?

Six months on from our last webinar on the impacts of Covid-19 on the Derivatives Industry our panelists, led by moderator Audrey Blater from Aite Group,will examine what has changed since then and what has stayed the same. Have increased volumes and volatility impacted the industry’s measures of success and accelerated the longer term transformation of business and operating models? Is the industry better prepared for market volatility? Have priorities been shifted? What is the “new normal” and will it be the same six months from now? Discussing results of the 2020 FIS Readiness Report, our expert panel will investigate shifts in workforce, investment priorities and decisions to cope with short-term market conditions and re-engineer businesses for the future.

Speakers:

  • Audrey Blater, Aite Group
  • John Avery, Capital Markets Strategy
  • Steve Mahoney, Capital Markets
  • John Omahen, FIS Post Trade Derivatives

For more information, click here.

Perspectives: Taking the Next Step: Insights on IPOs, SPACs and Cross-Over Rounds in 2021?
Wednesday, November 18, 2020, 11:00 A.M. CDT.

If you had said back in March that 2020 would be the strongest year for initial public offerings since 2014 most investors would have laughed. After all, much of the global economy was in a freefall, businesses were closing, and many people were working from home. And yet that is what has happened, spurred on by a strong stock market, successful IPOs, and an impressive pipeline of companies. That, in turn, has spurred an uptick in large financings of late-stage companies as well as the interest in special purpose acquisition companies.

Can this continue in 2021? In this special webinar sponsored by Cross Creek, you’ll hear from a group of notable industry professionals on what might lie ahead for public offerings and late-stage financings. They’ll discuss what they’ve seen in 2020 and how the events of the year may play out down the road.

Speakers:

  • Jill Ford, Credit Suisse
  • Rebecca Kaden, Union Square Ventures
  • Karin Fronczke, Fidelity Investments
  • Karey Barker (facilitator), Cross Creek

For more information, click here.

CBA Joint Futures and Derivatives Law/Securities Law Committees Meeting: SEC/CFTC Regulatory and Enforcement Trends for 2021
Wednesday, November 18, 2020, 12:00-1:30 P.M., CDT

This presentation will cover SEC/CFTC regulatory and enforcement trends for 2021.  It’s a can’t miss presentation from the regulators themselves!

Speakers

  • Robert Howell, CFTC Division of Enforcement
  • Joel Levin, Chicago Regional Office SEC
  • Moderator: Stephen Senderowitz, Dentons Financial Markets Group

MCLE credit will be available.

To register, click here.

100 Women in Finance Webinar: 2021 Global Economic Outlook – Canadian Economists’ View
Monday, November 23, 2020, 2:00 P.M. CDT
Sponsored by CIBC Capital Markets

Prepare for 2021 with a forecast of the global economy from Kurt Reiman, BlackRock’s Senior Strategist for North America, and Frances Donald, Global Chief Economist & Global Head of the Macroeconomic and Strategy at Manulife Investment Management. Consider the long-term impact of COVID and the outcome of the US election. Take note of other factors, such as interest rates, trade and geopolitics as you plan ahead for clients, your firm and your own portfolio.

Please send your questions to edutoronto@100women.org by Thursday, November 19, 2020 or you may submit them during the webinar.

For more information, click here.

FREE: Moderne’s Innovation Day
Thursday, December 3, 2020, 12:00-1:00 P.M. CDT

Moderne Ventures Innovation Day will showcase solutions providing artificial intelligence, big data and analytics, benefits for 1099 contract workers, health tech, and services automation to drive better customer experiences, increase operational efficiencies, and growth within 100+ year old industries. Learn from some of the brightest minds in real estate, insurance, finance, home services, and hospitality!

They will also host Mentor Meetings, a chance to meet one-on-one with our companies.

For more information, click here.

ACG Chicago: 2020 Success Stories in the Age of Covid
Wednesday, December 9, 2020, 4:00-6:00 P.M. CDT
@Zoom Webinar

ACG Chicago is pleased to present 2020 Success Stories in the Age of COVID.  Learn how peer professionals worked through deal issues in this difficult environment.  Please join us for this informative panel of experts sharing their experiences.

Immediately following the webinar, ACG Chicago will host a Virtual Holiday Networking Reception open to all registrants.  ACG Chicago has partnered with Equality Vines to raffle off two memberships to the Defender Wine Club during the networking reception. The one-year membership includes:

  • The gift of 2 bottles of wine shipped 4 times a year directly to your home ($400 value).
  • 15% discount on all wine purchases online.
  • World-class wines produced under Equality labels by some of the most talented winemakers in the world.

Attendees must be present to be eligible to win the raffle. Additionally, Equality Vines has agreed to provide 20% off coupons good through the end of the year for wine purchases to all that attend the social. 

For more information, click here.

Scroll to top