Top of the Agenda - Legal

Vanguard-SEC deal first step in ending target-date fund woes
Vanguard Group will pay more than $100 million to settle charges with the Securities and Exchange Commission related to misleading statements about its target-date funds. The settlement is a first step toward resolving years-long regulatory and legal troubles for the adviser and its fund board stemming from a decision in ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

BlackRock, Saba in 'win-win' agreement over two CEFs
BlackRock will conduct tender offers to repurchase common shares of two of its closed-end funds, part of a standstill agreement that will hold off Saba Capital Management's targeting of the funds' performance and governance practice for three years. Boaz Weinstein, Saba's founder and CIO, said on the X social media ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Governance consolidation on tap for Columbia Funds
By Hillary Jackson
Columbia Funds is in the process of consolidating governance into a unitary board by moving the seven funds in the Columbia Acorn Trust and Wanger Advisors Trust into the group of funds overseen by the Columbia Funds board. The five-member Acorn/Wanger Funds board will be dissolved, and none of the ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Regulatory

Names Rule FAQs: Some clarity, but not enough
By Hillary Jackson
The Securities and Exchange Commission issued FAQs on the amended Names Rule last week, a development expected by a fund industry that has been requesting guidance since the amendments were adopted in 2023. And while the new FAQs address some issues, they fail to address all issues related to the ...  >> CONTINUE READING <<<

 

 

A Seat at the Table

Guinness Atkinson Funds board repopulates, adds flexibility
By Hillary Jackson
Guinness Atkinson Funds has added two new independent directors to bump the size of the board back up to six members following the year-end retirement of Susan Penry-Williams and a 2019 retirement. The larger size allows for flexibility in the case of an unplanned retirement or resignation, but Vice Chairman ...  >> CONTINUE READING <<<

 

 


Log-in

Log-in

Remember me on this computer

Forgot your password? Click here to have your password emailed to you.

Most Read

10 Things
10 Things...to know about BDCs

Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
Top of the Agenda - Succession
Vanguard nominates two, as two hit retirement

The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...