In the Margins
Congress has stepped up to try to help Puerto Rico find a way out of its suffocating financial woes, which includes $70 billion worth of debt and $40 billion in underfunded pension liabilities. According to Morningstar, there are hundreds of municipal bond funds with varying degrees of exposure to Puerto Rico's debt, with some fund companies clearly more bullish than others on the bonds. Read the original story from InvestmentNews.
Most Read
ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...
Members of the Heartland Funds board and Heartland Advisors management team spent a recent evening together sharing a meal. Of course it's not unusual for independent ...
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...