Top of the Agenda - Governance

Guggenheim, Rydex Funds boards merge
By Hillary Jackson
The boards overseeing Guggenheim Funds and Rydex Funds have merged into a unitary board with nine independent directors and one interested member. The Rydex Funds board had remained intact since what was then Guggenheim Partners acquired a controlling interest in Rydex parent Security Benefit Corp. nearly 10 years ago, even ...  >> CONTINUE READING <<<

 

 

BNY Mellon ETFs planned for 2020, oversight TBD

By Hillary Jackson
BNY Mellon is planning to launch broad-indexed equity and fixed-income exchange-traded funds in 2020 and has yet to name a board to oversee the funds. In an October filing for the eight ETFs, the adviser listed only a single interested board member, Jeff Prusnofsky, a vice president and senior managing ...  >> CONTINUE READING <<<

 

 

GSAM board to add two new independents
By Hillary Jackson
A board overseeing two Goldman Sachs Asset Management trusts is asking shareholders to approve two new independent directors, boosting the number around the table up to eight. The board has been chaired by Jessica Palmer for nearly two years and is the oldest of GSAM's five fund boards. 
 
The board, which ...  >> CONTINUE READING <<<

 

 

Legg Mason to consolidate WAMCO fund boards
By Hillary Jackson
Legg Mason is planning to consolidate two of the six boards that oversee its roughly 150 U.S. mutual funds and reduce the number of independent directors in its boardrooms. A proposal to be voted on by shareholders next month involves the two boards that oversee funds advised by Legg Mason ...  >> CONTINUE READING <<<

 

 

Former PIMCO Funds director Popejoy has died
William Popejoy, who served on the PIMCO Funds board as an independent director for more than 20 years, died Saturday from complications related to Parkinson's disease, according to an article published Monday in The Orange County Register. He was 81.
 
Popejoy, who lived in Newport Beach, Calif., stepped off the PIMCO ...  >> CONTINUE READING <<<

 

 


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