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 <<<

 

 

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 <<<

 

 


Most Read

Top of the Agenda - Succession
Donohue joins two BNY Mellon Funds board groups

Andrew "Buddy" Donohue has joined two of the five BNY Mellon (formerly Dreyfus) mutual fund board groups led by long-serving independent Chairman Joseph DiMartino. Donohue resigned ...
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 ...