In a June 22 article titled “Social Investing and ERISA Plans: The Context is Significant,” Rimon’s Thomas White analyzed a recent DOL Field Assistance Bulletin to guide fiduciaries of ERISA plans who are considering investment in environmental, social and governance (ESG) funds. Click here to view the article.
If a plan investment in a vehicle is not covered by the plan asset regulation, is a person who recommends that investment a fiduciary to ERISA plans? Read more here
> This clarification is a supplement of Mr. White's previous article: DOL’s New Fiduciary Definition and the Marketing of Hedge Funds
The Department of
The Department of Labor has adopted a modified definition of what investment advice makes a person an ERISA fiduciary. The new definition is broader than the one it replaces and hedge fund managers need to be aware of the new running rules when they market their funds if fiduciary status is to be avoided.
Learn more about this new rule's