Warren Buffet names successor, while investment solutions firm makes senior leadership changes
Berkshire Hathaway
World famous investor Warren Buffett has named Berkshire Hathaway’s vice-chairman Greg Abel as his successor for the top job.
Abel has served as vice-chairman since 2018, overseeing the firm’s non-insurance business.
But, at 90 years old, Buffet has no intention to step down.
“The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” he told American news outlet CNBC.
Russell Investments
The global investment solutions firm has made a few changes to its senior leadership.
Availability of Investment Tax Calculator Showing Potential Impact of the Biden Tax Proposals
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BOSTON, May 4, 2021 /PRNewswire/ Eaton Vance Management (Eaton Vance) and Parametric Portfolio Associates LLC (Parametric) announced today that the Eaton Vance Parametric Investment Tax Calculator available at eatonvance.com/mytaxrate and parametricportfolio.com/mytaxrate has been updated to enable individual investors to evaluate the potential impact on their personal income taxes if the new tax proposals announced by President Biden on April 28, 2021 are enacted into law.
As part of his American Families Plan, President Biden has proposed increasing ordinary income tax rates for individual taxpayers earning at least $400,000 to 39.6% and eliminating the preferential treatment of long-term capital gains and qualified dividends for those earning $1 million or more.
Russell Investments appoints global CIO and president
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Kate El-Hillow and Kevin Klingert join firm
Kate El-Hillow joins the firm from Goldman Sachs Asset Management
Russell Investments has appointed Kate El-Hillow as global chief investment officer and Kevin Klingert as president, both reporting to chair and CEO Michelle Seitz.
In her new role, El-Hillow will oversee all aspects of the firm s investment division, including portfolio management, implementation and research.
Russell Investments hires ex-GSAM deputy chief as new global CIO citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
7.68% These Funds make distributions in accordance with a managed distribution plan. Under the managed distribution plan, a Fund issues a notice to shareholders and a press release containing information about the amount and sources of the distribution and other related information on payment date of the distribution. A Fund s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of Fund returns will cause its net asset value to erode. Investors should not draw any conclusions about a Fund s investment performance from the amount of its distribution or from the terms of its managed distribution plan. The Fund s Board may amend or terminate the managed distribution plan at any time without prior notice to Fund shareholders.