Viewpoints

Fund Boards: AI oversight of third-party vendors is key
By Joyce Li, CFA
As artificial intelligence rapidly transforms the financial services landscape, mutual fund boards face a growing imperative to ensure that third-party service providers' AI practices align with the funds' standards and investors' best interests. With vendors increasingly leveraging AI for critical functions such as data management, investment technology, and customer service, ...  >> CONTINUE READING <<<

 

 

A Seat at the Table

IDC, MFDF team up to move board diversity convo forward
By Hillary Jackson
In two weeks' time, independent mutual fund directors will gather in New York to discuss issues related board composition and diversity in the boardroom. The directors—and certain "board-ready" candidates—will be hosted jointly by Independent Directors Council and Mutual Fund Directors Forum, a first-ever collaboration between the two industry groups. "On diversity, ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

PWC fund director survey: Regulation top concern for industry
The last several years have seen a record number of new investment management-related rules and rule proposals put forth by the Securities and Exchange Commission, and mutual fund directors—unsurprisingly—are feeling the heat. According to new data from PWC, nearly three-quarters of directors who participated in a recent survey said they ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Succession

Veteran steps down as chair of ALPS series trusts, CEF

By Hillary Jackson
The ALPS-administered Financial Investors Trust has a new independent chair after veteran director Mary Anstine retired from the role as of April 1. Having joined the board in 1997, she will remain as an independent director on this board, as well as on the boards of the ALPS ETF and ALPS ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Navigating activist storms: Strategies for CEF boards

By Hillary Jackson
In the past 18 months, Saba Capital Management counts two dozen notable actions against closed-end funds among its accomplishments. These include getting individuals elected to and/or nominating candidates to CEF boards, filing lawsuits against funds and their boards of directors (and obtaining favorable rulings), requisitioning special meetings, forcing fund mergers, ...  >> CONTINUE READING <<<

 

 


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