A Seat at the Table

Sequoia Fund board remake: Former WaPo publisher latest to join

By Hillary Jackson

Resignations, retirements and recruitment over the past five years have led to significant changes in the Sequoia Fund boardroom. The transformation was set in motion in the wake of the storied fund's well publicized investment in Valeant Pharmaceuticals, which went bad in 2015, and Chairman Eddie Lazarus told Fund Board ... >> CONTINUE READING <<<

In time of transition, Hartford Funds looks to maintain diversity, culture

By Hillary Jackson

When new members join and long-serving members leave a mutual fund board, it can be difficult to maintain a carefully honed boardroom culture. At Hartford Funds, this has been top of mind in the past few years as the board has had to embark on recruiting and succession planning ahead ... >> CONTINUE READING <<<

New Northern Trust series trust directors get down to business

By Hillary Jackson

When Lloyd Wennlund was tapped to chair the board overseeing Northern Trust's new Datum One Series Trust, he knew the boardroom needed to be filled with individuals who could hit the ground running. There are complexities involved with overseeing the various funds and advisers in a series trust—and the providers ... >> CONTINUE READING <<<

It's a time of change for Manning & Napier Funds board

By Hillary Jackson

The board overseeing Manning & Napier's 31 mutual funds is in transition, a process that began a few years ago and is designed to ensure its governance practices are keeping pace with a changing market environment, according to Paul Brooke, lead independent director. Already, the board has created the LID ... >> CONTINUE READING <<<

Wyderko rode out change, challenges with boards

By Hillary Jackson

The decade and a half that Susan Wyderko has spent working with mutual fund boards has been marked by change—in the issues, the marketplace, and those occupying the boardrooms. "There's been such a lot of change in the time that I've been at the [Mutual Fund Directors] Forum," Wyderko told ... >> CONTINUE READING <<<

Advisors Series Trust directors give up pay raise during pandemic

By Hillary Jackson

Like most of their peers, the independent directors on the Advisors Series Trust board have been busier than ever over the past several weeks as the global COVID-19 pandemic has wreaked havoc on financial markets, the economy, and day-to-day life. Despite this, they decided last month to temporarily waive an ... >> CONTINUE READING <<<