In the Margins
The Securities and Exchange Commission raised concerns about the role of independent fund directors following the liquidation of Third Avenue’s $788 million high-yield fund last December. But fund directors are critical of the regulator's warning, with fears they are being pushed toward getting involved in day-to-day decisions. Read the original story from The Financial Times.
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The U.S. Supreme Court on Monday agreed to consider whether private parties should be allowed to bring claims that fund contracts violate the Investment Company Act ...
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ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...
Members of the Heartland Funds board and Heartland Advisors management team spent a recent evening together sharing a meal. Of course it's not unusual for independent ...