Top of the Agenda - Governance

Virtus Funds board takes on two RidgeWorth directors

By Hillary Jackson
The Virtus Funds board has added two RidgeWorth Funds directors as it takes responsibility for 26 new funds and five sub-adviser relationships following Virtus Investment Partners' acquisition of RidgeWorth Investments. Thirteen directors now populate the Virtus Funds boardroom, with independent Chairman Philip McLoughlin remaining at the helm.
 
The deal, which increased ...  >> CONTINUE READING <<<

 

 

Does your firm have a game plan for liquidity rule compliance?
By Hillary Jackson
As mutual fund directors return to the boardroom for third-quarter meetings, getting up to speed on the adviser's preparations for compliance with the Securities and Exchange Commission's liquidity risk management rule is sure to be on the agenda. Rule-related discussions restarted after the summer break are likely to include an update ...  >> CONTINUE READING <<<

 

 

Sentinel Funds board to disband following acquisition
By Hillary Jackson
The Sentinel Group Funds board will disband upon the expected shareholder approval of Touchstone Advisors' acquisition of Sentinel Asset Management's mutual fund business in September and subsequent completion of the deal. The Touchstone Funds board will take oversight responsibility for the newly acquired assets, which will be merged into existing ...  >> CONTINUE READING <<<

 

 

Hartford Funds board adds two from Lattice Strategies
By FBV staff
The Hartford Funds board has grown by two members after merging the Lattice Strategies exchange-traded funds board. Hartford acquired Lattice and its family of smart-beta ETFs last year, a move that marked Hartford's expansion into ETFs.
 
Hartford Funds announced in May 2016  that it would acquire Lattice, which at the time ...  >> CONTINUE READING <<<

 

 

MPI studies industry profits, profitability measures
By Hillary Jackson
Over the past dozen years, market performance has been turbulent and the range of profitability at investment management firms has varied widely, as one might expect. However, the average profitability of those firms has remained steady at about 50%, according to new figures from Management Practice Inc. The data, presented ...  >> CONTINUE READING <<<

 

 

ICI Mutual highlights trends in fund litigation, enforcement
By Hillary Jackson
Mutual fund boards today are operating in an environment that is more litigious than at any point in history, leaving independent directors more vulnerable to the plaintiffs' bar and more mindful in the boardroom. In its latest Claims Trends report, ICI Mutual provides an overview of the litigation and regulatory enforcement landscape ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Legal
 Third Avenue litigation comes to an end

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