In the Margins
The Securities and Exchange Commission raised concerns about the role of independent fund directors following the liquidation of Third Avenue’s $788 million high-yield fund last December. But fund directors are critical of the regulator's warning, with fears they are being pushed toward getting involved in day-to-day decisions. Read the original story from The Financial Times.
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William Birdthistle, director of the SEC's Division of Investment Management, delivered keynote remarks at a mutual fund industry conference this morning but failed to address a ...
Three new independent directors have joined the State Street Global Advisors Funds board in the past six months—one just a little over a week ago—and Chairman ...
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