How Board Networks Reinforce Corporate Innovation

By Yang Fan and Mu-Jeung Yang September 6, 2024 by renholding

In recent years, technological advances and structural shifts have catalyzed a surge in corporate investments in research and development (R&D), intellectual property, and other intangible assets. These developments reflect the growing importance of innovation-driven growth in the modern economy. In …

Kirkland & Ellis Discusses Final Labor Department Regulations on ERISA Fiduciaries and ESG

By Sabrina C. Glaser, Joseph A. Lifsics, Christine S. Matott, Jennie Morawetz and Mary Beth Houlihan January 3, 2023 by renholding

In recent years, few topics within the U.S. Department of Labor’s (the “DOL”) purview have garnered as much interest as the potential consideration of environmental, social and governance (“ESG”) factors by fiduciaries of plans subject to the U.S. Employee Retirement …

How Mutual Funds Change Benchmarks to Manipulate Performance

By Kevin Mullally and Andrea Rossi August 29, 2022 by renholding

Investors allocate capital to mutual funds based on past performance and the perception of whether a fund can “beat the market.” In fact, mutual fund companies explicitly promote their funds based on these factors, knowing that investors will respond. The …

ISS on Addressing the Looming Water Crisis in Investment Portfolios

By Cosima Reiff, Erina Molina and Erin Wood April 1, 2022 by renholding

Water means life. More than half of our bodies consist of water, and it is an indispensable resource for production of food and other goods. It is fundamental for societies and ecosystems alike. While water covers approximately 70 percent of

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Cravath Discusses Dollar Cost Averaging of Long-Term Incentive Grants

By John W. White, Eric W. Hilfers, Jonathan J. Katz, Michael L. Arnold and Matthew J. Bobby February 24, 2022 by renholding

“Dollar cost averaging” is an investment strategy whereby investors spread a desired investment amount into periodic investments over a period of time, which mitigates the price risk inherent in investing the entire amount at an inopportune moment. Virtually all public …

Morrison & Foerster Discusses Buying Shares of Private Companies from Existing Shareholders

By Amit Kataria and Brian Snyder August 6, 2020 by renholding

Investments in private companies by way of share purchases from existing shareholders (secondary transactions) raise a unique set of complexities, which are often overlooked. Share issuances in company-led financing rounds (primary issuances) grab most of the headlines. However, …

Man versus Machine: A Comparison of Robo-Analyst and Traditional Research Analyst Investment Recommendations

By Braiden Coleman, Kenneth Merkley and Joseph Pacelli January 31, 2020 by renholding

Advancements in financial technology (FinTech) are revolutionizing product offerings across the financial services industry. As of 2018, more than $50 billion had been invested in 2,500 companies that are redefining the way in which individuals participate in financial markets (Accenture, …

Do Private Equity Managers Raise Funds on (Sur)real Returns?

By Niklas Huether December 10, 2019 by renholding

The private equity industry has become the target of calls for more regulation, with critics and academics concerned that net asset values (NAVs) are inflated around periods of fundraising, particularly in the case of low-reputation funds. These calls are predicated …

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