Top of the Agenda - Governance

Deloitte survey: Industry, boards get more innovative
By Hillary Jackson
The mutual fund industry is beginning to invest in and use more data analytics, offshoring and/or robotics process automation to improve the valuation process, with about one-third of those surveyed recently by Deloitte saying they'd either already adopted these new technologies or were looking at ways to implement them. "I ...  >> CONTINUE READING <<<

 

 

Diligent addresses governance needs with 'Cloud' add-ons
By Hillary Jackson
When mutual fund boards first began making the transition from paper to electronic board books about 10 years ago, the biggest initial hurdle was just getting used to navigating and relying on the portals that provided access to meeting materials. As with most new technology, some fund directors embraced it ...  >> CONTINUE READING <<<

 

 

Ultimus's Capitol Series Trust doubles board size
By Hillary Jackson
The board overseeing Capitol Series Trust has added three new independent directors, a move that has doubled the size of the board and created a 50-50 male-to-female balance in the boardroom. Dina Tantra, president and CEO of the trust, told Fund Board Views the expansion was in response to anticipated ...  >> CONTINUE READING <<<

 

 

ICI Mutual: Litigious 'new normal' environment to continue
By Hillary Jackson
The litigious environment in which the mutual fund industry operates is a "new normal" that is likely to continue, which means advisers and the boards that oversee their funds remain increasingly vulnerable to civil lawsuits, regulatory enforcement proceedings, and risks associated with operational errors, according to ICI Mutual's latest annual ...  >> CONTINUE READING <<<

 

 

Morningstar populates fund board with industry pros
By Hillary Jackson
Morningstar Investment Management has tapped well-known industry veterans to sit on the board that will oversee its soon-to-be-launched Morningstar Funds. The investment management unit of the Chicago-based research giant initially filed to launch the funds a year ago, but the board was revealed just this week in updated filings. The ...  >> CONTINUE READING <<<

 

 

Impact Shares fills out board with three independents
By Hillary Jackson
Three independent directors have joined the board of Impact Shares Trust, which will offer a suite of exchange-traded funds aligned with various non-profit organizations. Impact Shares CEO and fund board Chairman Ethan Powell said the board, which held its first meeting this week, includes a "diversity in perspective" and "well balanced ...  >> CONTINUE READING <<<

 

 


Most Read

A Seat at the Table
Thrivent forms board to oversee new interval fund

Thrivent Financial is entering the interval fund business and has assembled a new board to oversee its first offering, the soon-to-be-launched Thrivent Church Loan & Income Fund. ...
Top of the Agenda - Legal
 PIMCO 36(b) case dismissed

The parties in a 2014 lawsuit accusing PIMCO of overcharging Total Return Fund shareholders while lavishly compensating CIO Bill Gross and CEO Mohamed El-Erian agreed this week ...