In the Margins
While owning a big stake in Facebook has helped many mutual funds outperform in the past few years, that is not the case at the moment. The social network’s shares are down about 17% since March 16 after reports that Cambridge Analytica siphoned data from tens of millions of Facebook users. The rout is taking a huge toll on some of the biggest mutual funds—to the tune of $2.7 billion. Read the original story from Bloomberg.
Most Read
Securities brokerage firms are a critical part of the financial landscape, as they provide a vast array of products and services to the financial services industry, ...
The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% ...
As mutual fund boards prepare for their next quarterly meetings over the coming weeks, they likely are gathering talking points on several of President Trump's initiatives ...
The Lord Abbett Funds board has done a lot of heavy lifting in the past few years, hiring new members, overhauling governance practices, and installing new ...