10 Things

10 Things...to know about new co-investments framework

By FBV Staff

Earlier this month, the Securities and Exchange Commission filed a notice of intent to grant Franklin Square’s exemptive relief application for certain business development companies and closed-end funds to participate in co-investment joint transactions with affiliated funds and accounts that otherwise have been prohibited. The new framework is expected to ... >> CONTINUE READING <<<

10 Women...who chair the Audit Committee

By FBV Staff

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% in 2023. What's more, one-half of the independent directors who joined a board in 2022 and 2023 were female, and 91% of fund complexes ... >> CONTINUE READING <<<

10 Things...boards are thinking about, discussing in 2025

By FBV Staff

A lot has happened in the five weeks since the Trump Administration came into power, and clearly some of those changes, initiatives, plans, and general tone at the top are likely to affect the financial services industry, and mutual funds in particular. Given that, we wanted to put together a ... >> CONTINUE READING <<<

10 Things...to consider when merging boards

By FBV Staff

Mergers of mutual fund boards can take place within a large fund complex—as is taking place now at Columbia Funds and occurred earlier this month at AllianceBernstein Funds—or between fund complexes—as when the TCW Funds and MetWest Funds boards combined last year or when four boards were consolidated to two ... >> CONTINUE READING <<<

10 Things...to know about BDCs

By FBV Staff

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 billion in assets under management investing in small and medium-sized business. BDCs are subject to board oversight, which can be in the form of ... >> CONTINUE READING <<<

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 <<<