Asset managers

Owl Rock plans to give up to $250,000 in interest-free loans to those impacted by the coronavirus and other economic and social crises, its co-founder says.

“The idea is economic fairness, economic justice, economic inclusion. Not just making donations,” says Ariel Investments co-CEO John Rogers.

The asset manager plans to leverage Precadian’s ActiveShares product, which requires funds to publish an indicative value of its holdings every second.

The products will have the same management and research teams as the firm's similarly named mutual funds.

Evenings on the town are being replaced with conference calls, online concerts and care packages.

“The U.S. is in a lot of pain right now, and our African-American colleagues are in a lot of pain,” Jenny Johnson, chief executive officer of Franklin Resources, said.

So-called buffer funds have attracted over $2 billion worth of inflows so far this year.

The U.S. lender was able to sell its stock within four days of discussing its plans, BlackRock CEO Larry Fink says.

The incident demonstrates that companies are increasingly holding employees accountable, even for behavior that occurs outside the office.

The results were “not just predicated on expense ratios,” an expert says.