Top of the Agenda - Succession

PIMCO Funds to add three as retirements loom

By Hillary Jackson

The board overseeing PIMCO's more than 160 open-end mutual funds has nominated three new individuals to serve as independent directors as it prepares for retirements in the next several years. Provided shareholders elect the three in early December, the board will increase in size temporarily to eight independent and two ... >> CONTINUE READING <<<

MFS Funds nominate two directors, as one prepares to retire

The board overseeing MFS Funds has nominated two new individuals to serve as independent directors as one long-serving member prepares to retire at the end of the year. Provided all nominees are elected by shareholders on Nov. 14, the board will start off 2025 with 11 members, larger by one ... >> CONTINUE READING <<<

BlackRock adds CalSTRS's ex-CIO, former OCIE director

The board overseeing BlackRock's equity, multi-asset, index, and money market funds has added two new directors to the group, the former CIO of the California State Teachers' Retirement System and a former director of the Securities and Exchange Commission's Office of Compliance Inspections and Examinations. The additions bump the size ... >> CONTINUE READING <<<

Nasta among three nominated to Federated Hermes Funds

By Hillary Jackson

Mutual fund industry veteran Frank Nasta, who retired from JPMorgan's U.S. funds business in mid-2018, is among three new independents nominated to join the Federated Hermes Funds board. The three are intended to fill board seats that will be vacated by scheduled retirements at the end of this year and ... >> CONTINUE READING <<<

Changes to Dodge & Cox Funds board on tap for 2025

By Hillary Jackson

Changes are afoot in the Dodge & Cox Funds boardroom, as shareholders are being asked to vote on nominations for four new directors (two independent and two interested), and two long-serving members of the board are preparing to retire. If all four are elected on Oct. 24 and seated early ... >> CONTINUE READING <<<

USCF ETFs expand board, elect new chair

There are a couple of new directors in the USCF ETF Trust boardroom after shareholders elected independent and interested members to the board last week. Robyn Alexander has joined as an independent director, and John Love, CEO and president of adviser USCF Investments, has joined as an interested director and ... >> CONTINUE READING <<<