Top of the Agenda - Legal

JPMorgan wins on summary judgment appeal in excessive fees case
By Hillary Jackson
The Sixth Circuit Court of Appeals this week affirmed a district court's 2018 decision granting summary judgment to defendant JPMorgan Investment Management in an excessive fees case that dates back to 2014. Oral arguments before the appellate court took place more than a year ago in Goodman v. JPMorgan Investment ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Regulatory

SEC issues interfund lending relief

By Hillary Jackson
The Securities and Exchange Commission has taken numerous steps this month to assist registered funds in dealing with the impact of the COVID-19 pandemic, including issuing an order last week that allows for lending among funds. Such interfund lending, which requires fund board approval, was described by SEC Chairman Jay ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Legal

Vedder Price adds Bateman, Vargo to DC office
Maguerite Bateman and Kimberly Karcewski Vargo joined Vedder Price earlier this month from Schiff Hardin. Both are shareholders in the Investment Services Group in Vedder Price's Washington, D.C., office, where now 50% of all shareholders are female and 48% of all attorneys are female.
 
Bateman led the Financial Markets and Products ...  >> CONTINUE READING <<<

 

 

Viewpoints

A decade since Jones v. Harris: Where fund boards stand
By Kelley Howes, Morrison & Foerster LLP
Section 36(b) of the Investment Company Act imposes a fiduciary duty on advisers with respect to receipt of compensation for services they provide to registered investment companies. The only U.S. Supreme Court decision to consider section 36(b), Jones v. Harris Associates L.P., was handed down on March 30, 2010—a full ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Q&A: Women on mutual fund boards
It's Women's History Month and in honor of that, we gathered together independent mutual fund directors Janice Case from Thrivent Mutual Funds and Theresa Hamacher from Morningstar Funds and executive recruiter George Wilbanks to discuss women on fund boards. There are more women than ever serving in the country's mutual ...  >> CONTINUE READING <<<

 

 


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