Top of the Agenda - Regulatory

ICI pursues reforming, modernizing '40 Act
By Hillary Jackson
The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been comprehensively reviewed in more than three decades. The 12-page document addresses four main themes and makes 19 specific recommendations, including five that cover the ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

ICI conference: Fund directors tackle 'new era' issues for boards
By Hillary Jackson
Mutual fund boards are facing both challenges and opportunities in this time of rapid product innovation and development, a changing—and somewhat uncertain—regulatory and political environment, technological advancements, and shifting areas of focus in the industry. With that as the backdrop, a group of independent directors and a lawyer who works ...  >> CONTINUE READING <<<

 

 

A Seat at the Table

Fund, board in place for new US Bank CEF series trust-like offering
By Hillary Jackson
U.S. Bank Global Fund Services has added a new multiple-series trust-like offering to its suite of products, this one designed for investment managers to more easily launch alternative investment products through registered closed-end funds—primarily tender-offer and interval funds. The CEF Accelerator Platform provides legal, audit, distribution, and governance services to ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Putnam Funds board to give up CEFs to Franklin directors
The Putnam Funds board is proposing that oversight responsibility for the four closed-end funds under its purview be moved to the Franklin CEF board. The plan to cluster all closed-end funds under a single board—on which shareholders will vote next month—is designed to improve the consistency and efficiency of the ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Industry Groups

Dina Tantra next up to chair MFDF in 2026
By Hillary Jackson
Dina Tantra will become the next chair of the Mutual Fund Directors Forum board, in 2026 when Buddy Donohue retires from the position. Tantra has decades of experience in compliance and legal in the investment management industry and has been an independent director on various fund boards for the past ...  >> CONTINUE READING <<<

 

 


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Most Read

10 Things
10 Women...who chair the Audit Committee

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% ...