From the Editor...
The industry lost an innovator in late January when RBB Fund Founder Richard "Dick" Carnall passed away at 84. A multiple-series trust, RBB Fund dates back to 1988, and Carnall spent decades in the financial services industry before its founding and since. He served on the ICI Board of Governors and acted as an interested director and then an independent director, so his contributions were both varied and lengthy. Read about him here.
In the legal realm, the directors of Vanguard Funds—as well as the adviser and the funds themselves—are seeking the dismissal of a class-action suit filed against them last year. Read about the suit itself, which we covered back in March 2022, and the motion to dismiss.
This time of year normally brings change to mutual fund boardrooms around the country, and 2023 is no different. We're keeping readers abreast of who's joining boards and which boards are looking to fill empty seats. And, whenever we can, we provide the "why" behind the decisions that are made. This, we believe, helps our readers—other boards—make their own decisions in a more informed way.
Recently, we've brought you news of happenings inside the boardrooms of Advisors Series Trust, SunAmerica Series Trust and Seasons Series Trust, Principal Funds, and TIAA-CREF Funds. If you've missed any, now's the time to catch up—just click the hyperlink to get directly to the story on our site.
Don't forget to reach out to me (firstname.lastname@example.org) if you've got a topic you'd like to write about for our Viewpoints section. We're always looking for new voices and new points of view—and we love to hear from you!
Hillary Jackson, founding editor