In the Margins
The Department of Labor's fiduciary rule may spark lower mutual fund fees. "The industry may have held on to many distorted fee structures that might have been better suited for the 1980s," InvestmentNews said in an editorial. "We are filing that under: It's about time." Read the original story from InvestmentNews.
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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 ...
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 ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
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