From the Editor...

Buddy Donohue has been involved in the investment management industry for decades, as an in-house lawyer, a private practice lawyer, a regulator, and, more recently, as an independent mutual fund director for OppenheimerFunds. After losing that board seat following Invesco's acquisition of OppenheimerFunds earlier this year, Donohue now has secured a seat in a different boardroom—but has had to give up the law firm job he's held for the past two years. We've got all the details, exclusively. 

We've also got details on a new addition to the Wilshire Funds board out in Santa Monica, Calif. The chair of that board, George Zock, told FBV why he and his fellow independent directors opted to temporarily enlarge the size of the board, which oversees eight mutual funds. And in our latest 10 Things list, we look at issues that are on the minds of boards overseeing smaller fund complexes as they head into the final half of the year. We polled directors themselves and those who work with them to get a sense of what challenges they face because of the size of their fund complexes and those that are universal and faced by other boards, regardless of how much in assets they oversee. 

Other highlights in recent weeks include an interview with the chair of ARK Funds, new insight from ICI Mutual on industry litigation trends, and an examination of how fund boards and advisers can ensure they are employing proper compliance practices and procedures.

Please let us know what issues are top of mind for you as we look ahead to the autumn and, before we know it, the end of the year. In the meantime, stay cool!

For now,

Hillary Jackson, founding editor