FEB. 19-25, 2021
Dozens of clients of the Carmel-based investment firm Indie Asset Partners are concerned they’re at risk of losing a big chunk of the tens of millions of dollars that went into a New York hedge fund as part of what was supposed to be a risk-diversification strategy. Greg Andrews explains what went wrong. Also in this week’s issue, Susan Orr delves into a report from the Brookings Institution that finds entrepreneurship is sluggish in Indiana and that, as a result, the state is not as well-positioned as it might be to rebound from economic downturns. And Anthony Schoettle reports that media coverage of Indianapolis’ stint hosting all of March Madness could bring an enormous payoff for the city, state and the venues hosting the lion’s share of the games.
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NY hedge fund’s meltdown could cost clients of Carmel investment firm millions
Indie Asset Partners customers are upset that the hedge fund, which was supposed to spread out funds to dozens of money managers, instead concentrated the money with a single manager whose performance tanked early last year.
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Small labs try to nab testing work at big sports events
A huge event that kicks off next month is hanging like a plum: the NCAA men’s basketball tournament.
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Downtown office market set to shift as firms rethink space
A Salesforce decision to permit employees to work remotely even once the pandemic subsides could have long-lasting effects on the downtown office market.
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Media exposure from 3-week NCAA tournament could pay off big
Coverage from Selection Sunday on March 14 to the championship April 5 should bring an enormous payoff to Indiana, which will host all 67 games, and to Indianapolis specifically, which will host 55 of them.
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Entrepreneurship activity in Indiana is sluggish, Brookings report finds
As a result, the report argues, the state is not as well-positioned as it might be to rebound from economic downturns.
Read MoreQ&A: Pastor leads effort to engage downtown residents
Rev. Gray Lesesne is bringing the lessons learned from creating a church from scratch to his new post as dean and rector of Christ Church Cathedral on Monument Circle.
Read MoreFishers council narrowly OKs rezoning to allow affordable neighborhood
The approval will allow Hamilton County Area Neighborhood Development Inc. to develop 11 affordable, for-rent homes at the southwest corner of 141st Street and Cumberland Road.
Read MoreIndiana Senate panel advances bill that would pass along drug rebates to consumers
The bill pitted the two largest companies headquartered in Indianapolis—drugmaker Eli Lilly and Co. and health insurer Anthem Inc.—on opposite sides of the issue.
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Newfields president resigns amid staff, community pushback
Charles Venable, who came to Newfields in 2012, stepped down Wednesday amid controversy over a job posting.
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Purdue’s push to commercialize faculty work turns to agriculture
In addition to fueling the economy and driving revenue generating potential for the school and researchers, pushing research to the commercial realm also benefits students.
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Editorial: Affordable housing must be priority for Hamilton County to keep growing
Dismissing affordable housing as an issue is a mistake if the affluent suburbs north of Indianapolis—and the businesses that are located in them—want to continue growing at breakneck speed.
Read MoreNate Feltman: Rethink bills aimed at controlling Indy
Emotions are understandably running high after the unimaginable events of the past year and City Hall’s lackluster response. But lawmakers should reconsider legislation that could seriously undermine Indy’s future growth and prosperity.
Read MoreK.L. Allen: Let’s solve workforce inequities heightened by virus
Prioritizing access to education and workforce development opportunities is one important and necessary step in the right direction toward a more equitable workforce.
Read MoreTanya McKinzie: Legislative interference in IMPD won’t build trust
If enacted, SB 168 and SB 394 would only increase the tension between law enforcement and our community that goes back more than a century.
Read MoreSantiago Jaramillo: How to differentiate your culture for a post-COVID world
The days of relying on perks and benefits to attract talent and differentiate culture are over. And when you strip those perks from the equation, all you’re left with is people—and the goals, values, motivations and desires that come with them.
Read MoreTom Gallagher: Indy, like other cities, can turn the cold to its advantage
It is striking, though, how often cities that are far north of us outrank us in quality of life and livability metrics—indices that typically include weather as a factor.
Read MorePete the Planner: Trend-driven risks are not an investor’s friend
When people don’t take the time to develop an investment strategy—generally because they don’t want to see how far behind they are—they’re more likely to adopt an “anything goes” philosophy.
Read MoreBohanon & Curott: Congress should update immigration rules while securing border
Congress could refine, update and modify current immigration rules to allow for clearer paths to legal immigration while simultaneously securing our borders.
Read MoreLetter: Support tenants with HB 1219
It seems that landlords have all the rights in Indiana.
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Lawmakers kill bill that would have stripped control of IMPD away from city
The Senate Corrections and Criminal Law Committee on Tuesday amended Senate Bill 168, which would have created a five-member board to oversee and govern the Indianapolis police department, to recommend the issue be discussed in a summer study committee.
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Indiana Senate passes COVID-19 liability protection bill
Senate Bill 1, authored by Republican Sen. Mark Messmer of Jasper, would shield businesses and individuals from coronavirus civil liability lawsuits unless there was gross negligence or willful or wanton misconduct that could be proven with “clear and convincing evidence.”
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Carmel-based Protective Insurance to be acquired by Progressive
Insurance giant Progressive is purchasing Protective in a stock deal worth $338 million. Protective, known as Baldwin & Lyons Insurance until 2018, is the Indianapolis-area’s 12th largest public company in terms of annual revenue.
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Keystone plans to add school, apartments to Broad Ripple parking garage
Keystone Corp. would replace the former Chase Bank branch in the 6200 block of College Avenue with a five-story building adjacent to the garage, while adding two levels of apartments atop the parking structure.
Read MoreDickinson Fleet Services acquires Minnesota truck repair business
The acquisition, announced Tuesday, was the 11th for Indianapolis-based Dickinson since 2017.
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Mark Montieth: McGinnis and former Pacers trainer still a team
More than 50 years after meeting George McGinnis, David Craig is still playing a major role in the rehabilitation process.
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