Top of the Agenda - Governance

ICI Mutual examines fund industry litigation in new report
By Hillary Jackson
Nearly 400 shareholder lawsuits have been filed so far this century against mutual fund groups, with 80% of those targeting the 100 largest fund groups, according to a new report from ICI Mutual. Such securities-related litigation initiated by the plaintiffs' bar, referred to in the report at "entrepreneurial litigation," is ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

CCO, culture are keys to proper compliance
By Mike Schnitzel
Independent mutual fund directors and consultants say the keys to ensuring fund firms are employing proper compliance procedures is to make sure the chief compliance officer is rightly valued and an integral part of the firm's everyday workings and culture. At an industry function several months ago, Peter Driscoll, director ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Legal

Plaintiffs appeal Davis 36(b) dismissal
By Hillary Jackson
The plaintiffs in an excessive fees case against Davis Selected Advisers have appealed a Southern District of New York judge's dismissal of the lawsuit. The court had granted defendants' motion for summary judgment in late May, five years after the original case—now consolidated into In re Davis N.Y. Venture Fund Litig.—was ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Compensation

Fund CCOs continue to see pay increases
By Hillary Jackson
Mutual fund chief compliance officers saw notable increases in pay again in 2018, though they did not receive as big a pay bump as they did in the year before, according to new data from Management Practice Inc. Comparing year-over-year data where it exists, MPI reported that fund CCOs earned ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

American Century's newest board to oversee Avantis funds
By Hillary Jackson
American Century Investments announced this week that it has hired former Dimensional Fund Advisors executives Eduardo Repetto and Patrick Keating to develop a suite of factor-based exchange-traded funds and traditional mutual funds under a new Avantis Investors brand. The Avantis funds will fall under the oversight of the directors who ...  >> CONTINUE READING <<<

 

 


Log-in

Log-in

Remember me on this computer

Forgot your password? Click here to have your password emailed to you.

Most Read

Top of the Agenda - Compensation
Fund CCOs continue to see pay increases

Mutual fund chief compliance officers saw notable increases in pay again in 2018, though they did not receive as big a pay bump as they did ...
10 Things
10 Things...to read in summer 2019

Hello, Summer 2019! Today's solstice marks the beginning of the season, and that—hopefully—means a slower pace for a few months. Trips to the beach, time on ...
A Seat at the Table
Invesco Funds board finalizes succession plans

The Invesco Funds board will name Christopher Wilson vice chairman at its June meeting, making him the heir apparent to long-serving independent Chair Bruce Crockett. Crockett ...