10 Things

10 Things...to focus on in new fund of funds rule
By FBV Staff
The Securities and Exchange Commission recently adopted a new rule governing fund-of-funds arrangements. Rule 12d1-4 allows registered investment companies and business development companies to acquire shares of any other investment company or BDC in excess of the limitations currently imposed under the Investment Company Act of 1940 without obtaining individual ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Industry Groups

ICI/IDC to release industry diversity data in new year
By Hillary Jackson
The diversity of the mutual fund industry—including in fund boardrooms—is being scrutinized in two new surveys being conducted by the Investment Company Institute and Independent Directors Council. The groups are looking to determine the level of representation of women and members of racial and ethnic groups at management companies and ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Regulatory

Morningstar Funds to SEC: Tell shareholders about boards
By Hillary Jackson
The Morningstar Funds board has called on the Securities and Exchange Commission to add information about the fund board's role to the tailored mutual and exchange-traded fund shareholder reports the agency proposed in August. The SEC has moved to streamline and simplify the reports in an effort to aid retail ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Succession

Oakmark Funds elects new independent chair
By Hillary Jackson
The Oakmark Funds board has elected a new independent chairman to succeed Allan Reich when he retires at year-end. Reich's retirement is in line with the board's policy, which requires directors to step off at age 72, and will wrap up 27 years of service on the Oakmark Funds board.
 
Veteran independent ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Governance
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