A Seat at the Table

Diamond Hill Funds board takes unique approach to governance
By Hillary Jackson
The board overseeing Diamond Hill Funds has implemented a series of governance policies that set it apart from many other boards in the mutual fund space and are designed, in part, to align directors more closely with shareholder interests. For example, Diamond Hill Funds directors are all independent, overwhelmingly female, ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - 10 Things

10 Things...to help strengthen board-CCO relationship
By FBV staff
One of the most important relationships in the boardroom is the one between independent directors and the funds' chief compliance officer. It involves the sharing of critical information and, ideally, it is one of mutual support. But it takes work—and time—to ensure the board-CCO relationship is effective and productive. We ...  >> CONTINUE READING <<<

 

 

Viewpoints

What Are Interval Funds, and Why Should Trustees Care?
By Dave Carson, Ultimus Fund Solutions
With an interval fund, as with any relatively innovative tool you can use, you may need to tilt your head and look at it from different perspectives for a while to determine what it really is and how to use it. Best applications may take some time to be realized, ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Compensation

MPI: Smaller '17 pay increase for directors could be 'normalization'
By Hillary Jackson
The rate of increase in pay for independent mutual fund directors was lower again in 2017, continuing a years-long trend that may indicate a normalization of board compensation, according to new survey data from Management Practice Inc. Fund directors earned an average of 4.2% more last year than in 2016, ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Legal

WAMCO hit with demands, books/records requests, 36(b) suit
By Hillary Jackson
A new excessive fees lawsuit has been filed against Western Asset Management Co. (WAMCO) by a plaintiff who also has taken initial steps to file breach of fiduciary duty litigation. Claiming section 36(b) violations, Winston v. Western Asset Mgmt. Co. focuses on the fees charged for the Western Asset/Claymore Inflation-Linked ...  >> CONTINUE READING <<<

 

 


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Most Read

Viewpoints
Op-Ed: The Must Know of D&O

For most, D&O insurance is as exciting a topic as tooth enamel. In fact, prevailing views about the two (insurance and enamel) are likely quite similar: ...
Top of the Agenda - Governance
Morningstar populates fund board with industry pros

Morningstar Investment Management has tapped well-known industry veterans to sit on the board that will oversee its soon-to-be-launched Morningstar Funds. The investment management unit of the ...