Top of the Agenda - Succession

MFS Funds nominate two directors, as one prepares to retire
The board overseeing MFS Funds has nominated two new individuals to serve as independent directors as one long-serving member prepares to retire at the end of the year. Provided all nominees are elected by shareholders on Nov. 14, the board will start off 2025 with 11 members, larger by one ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Succession

BlackRock adds CalSTRS's ex-CIO, former OCIE director
The board overseeing BlackRock's equity, multi-asset, index, and money market funds has added two new directors to the group, the former CIO of the California State Teachers' Retirement System and a former director of the Securities and Exchange Commission's Office of Compliance Inspections and Examinations. The additions bump the size ...  >> CONTINUE READING <<<

 

 

10 Things

10 Things...to ask about blockchain, digital assets, tokenization
By FBV Staff
Sometimes referred to as the "second generation" of the internet, blockchain—including digital assets such as coins, tokens, and related derivatives—has the potential to disrupt traditional business models and investment patterns. Some advisers—including WisdomTree and Franklin Templeton—already have launched blockchain-enabled digital, or "tokenized," '40 Act funds, and more are surely considering ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Deloitte: Boards evolve, refine valuation practices two years on
By Hillary Jackson
Two years after the new rule on fair valuation practices went into effect, the mutual fund industry—including boards—continues to evolve and refine the process, particularly with regard to valuation risk assessment, according new data from Deloitte. "More risks are being identified, [but] there is good control linkage and mapping between ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Macquarie case gives boards opportunity to review policies, procedures
By Hillary Jackson
A Macquarie Investment Management trust's nearly $80 million settlement with the Securities Exchange Commission, announced earlier this month, centered on valuations of illiquid assets and involved nearly a dozen of the adviser's retail mutual funds. The board overseeing those funds was not found to be at fault, but still the ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Governance
Fund boards find diversity efforts pay off

Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...