In the Margins
In Morningstar's Rekenthaler Report column, John Rekenthaler maintains that mutual fund directors are held to a lower standard of fiduciary duty than 401(k) plan sponsors are. Rekenthaler, in analyzing a recent excessive fees case, maintain that directors do not act solely on behalf of fund shareholders, but also are beholden to the advisers of the funds they oversee. Read the original story from Morningstar.
Most Read
Independent mutual fund directors saw markedly smaller increases in pay in 2017, when compared to the year prior, according to the results of the Independent Directors ...
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 ...
The board of T. Rowe Price Group's funds has elected an independent chairman for the first time, naming Robert Gerrard to the top spot at the ...
Merger & acquisition activity in the asset management business has been ticking up for years, and it doesn't look to be slowing down anytime soon. And ...