In the Margins

Concerns raised over fund directorships

November 12, 2015

By Financial Times

Questions are being raised in the United Kingdom, Ireland and other markets about whether asset managers and fund directors take the fund directorship role as seriously as they should. Behind the scenes, asset management professionals say fund directors are seen as an afterthought; others accuse fund boards of being an old boys’ club, with lawyers, auditors and custodians linked to the fund often appointed to roles on the board. Read the original story from the Financial Times.

 

 

 

Most Read

Top of the Agenda - Regulatory
SEC finalizes fair valuation rule

The Securities and Exchange Commission on Thursday adopted a new rule on fund valuation practices, the first comprehensive update in 50 years. Rule 2a-5 will permit ...