A Seat at the Table

ARK Funds' chair says role fun, unique

By Hillary Jackson

"This is the most fun I've had because the investment thesis is so intriguing, and the investment process is so unique." That's how Darlene DeRemer describes her job as independent chair of ARK Funds, a position she's held for the past five years and which she takes very seriously. And ... >> CONTINUE READING <<<

Invesco Funds board finalizes succession plans

By Hillary Jackson

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 reaches the board's mandatory retirement age of 75 this year, but his term has been extended through the end of 2020 to ensure continuity ... >> CONTINUE READING <<<

Morningstar Funds chair on building a board from the ground up

By Hillary Jackson

Chairing a mutual fund board is a lot of work, especially when it's time to recruit new members. Theresa Hamacher knew this when she was interviewing to head up the board that would oversee the then-in-development Morningstar Funds in June 2017. She had worked in the fund business for decades, ... >> CONTINUE READING <<<

Ariel Funds LID: Be intentional about board diversity

By Hillary Jackson

The board overseeing Ariel Funds is among the most diverse in the business, when measured by gender, race, and background/skills. And while it may seem like achieving this would be somewhat easier given the funds' adviser—Ariel Investments is the largest African American asset manager in the country—the board's leadership has ... >> CONTINUE READING <<<

A quick look back, after 45 years in the fund business

By James H. Bodurtha, retired fund director

The late-day trading and market-timing scandal at a number of mutual funds in the fall of 2003 was a seminal moment in fund governance. In the words of the then-head of the Investment Management Division at the Securities and Exchange Commission, the scandal was "a mile wide and an inch ... >> CONTINUE READING <<<

PGIM's Redeker: Looking back at half a century in funds

By Hillary Jackson

Richard Redeker has seen a lot in his 50 years in the mutual fund business, half of which he's spent as an independent director of what is now called PGIM Funds. Ahead of his last board meeting next week before he officially retires at year-end, Redeker spoke with Fund Board ... >> CONTINUE READING <<<