Private Equity's SEC Check | Super Bowl LVI Moneyball | America’s Best Employers

Plus: Can A Vintage T. Rowe Price Fund Ride Rivian, Microsoft And Snap To The Moon?

Good morning.

Ten months into his tenure as Securities and Exchange Commission (SEC) chair, Gary Gensler is moving ahead with plans to improve transparency of hedge funds and private equity pools. Ahead of the Super Bowl this weekend, here are the 11 numbers you need to know, and also make sure to check out this year’s ranking of America’s best employers. Finally, fresh from our latest magazine issue, we look into whether a portfolio manager with a passion for repairing old sports cars can restore T. Rowe Price’s oldest mutual fund to its former glory.

In The News Today

A hearing will decide whether 15-year-old Russian figure skater Kamila Valieva, who won gold in the team figure skating competition, can be awarded the medal after she failed a doping test in December but her country’s officials still allowed her to compete.

Australia listed the koala as an endangered species, vowing “unprecedented action” to protect the marsupials, whose numbers are dramatically declining following wildfires, drought and disease.

Top Take-Aways

The SEC voted to require private funds to make quarterly disclosures of equity positions, performance and fees and subject themselves to annual audits in a bid to increase transparency and better protect investors.

Newly released details of the $4.5 billion bitcoin laundering case against Heather Morgan and Ilya Lichtenstein paint a clearer picture of the defendants’ activities leading to their arrest, including a 2019 trip to Ukraine that, investigators said, “appear pulled from the pages of a spy novel.”

Fraudsters using dating apps to target victims as portrayed in the Netflix doc The Tinder Swindler have had a record-breaking year: the FBI estimated that around $1 billion was lost to romance scammers in 2021, with the largest spike in reports recorded in the 18-29 age group.

At a time when yet another race discrimination controversy rocks the NFL, the sale of the Denver Broncos could represent an opportunity to see a team with Black-majority ownership. Alas, there aren’t many people–Black or white–who can afford the Broncos.

Led by Dr. Dre and featuring deaf rappers Sean Forbes and Warren “WaWa” Snipe, the Super Bowl's halftime concert can help the NFL show some progress on diversity issues. While performers aren’t paid for the show, they can earn a pretty penny down the line. Here’s what else you need to know about the money behind this weekend’s Big Game.

What makes a good employer? Forbes teamed up with Statista to survey 60,000 Americans working for businesses with at least 1,000 employees to find the country’s best employers. This year’s standouts among large employers are healthcare companies, while the midsize list crowned a company praised for pay equity, diversity, and inclusion.

Today's Must Read

In Case You Missed It

Billionaires Melinda French Gates and MacKenzie Scott have espoused what is known as “trust-based” philanthropy, where donors seek to address power imbalances with grantees. The idea of letting grantees make their own decisions with a more hands-off approach isn’t new, but examples from such high-profile figures may open the door for more giving in that same spirit.

Tips You Can Trust

Mindfulness in the workplace has clear benefits, but to successfully implement these programs, you need leaders that are committed and are willing to nurture these five qualities.

Many companies and organizations have committed to building a racially inclusive culture, but few know how to actually do that. There's no magic formula, but these five tactics can be a good place where to start.

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