Top of the Agenda - Governance

Approaching AI: How fund boards can explore new systems
By Hillary Jackson
As the mutual fund industry explores and begins to embrace the potential for artificial intelligence and starts implementing AI tools in various processes, fund independent directors are among those delving into the technology. According to professionals who work with fund boards, directors are intellectually curious about AI and excited about ...  >> CONTINUE READING <<<

 

 

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 <<<

 

 

Added Perspective

Claims Trends: A Review of Claims Activity in the Mutual Fund Industry (January 2024-March 2025)
By ICI Mutual
ICI Mutual’s annual Claims Trends reports on significant civil lawsuits, regulatory enforcement proceedings, and operational errors involving fund advisers and their affiliates, registered investment companies, and fund directors and officers. The publication is designed to assist ICI Mutual’s insureds to better assess and manage the risks associated with such matters, ...  >> CONTINUE READING <<<

 

 

Viewpoints

Conflicts of Interest: Fund officers and directors, service providers
By Buddy Donohue
Over the past several weeks, I have written articles exploring conflicts of interest that could challenge a variety of financial industry participants. Those articles explored potential conflicts for fund investment advisers, securities broker-dealers, attorneys, and accountants. In this final article of the series, I will be discussing some of the ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Industry lawyer, SEC alum Plaze steps off WisdomTree Trust
Fund industry lawyer and former regulator Robert Plaze, who spent three decades at the Securities and Exchange Commission before entering private practice, has resigned from the WisdomTree Trust board after serving for just one year. It is unclear when, or if, his seat will be filled. Although the adviser, WisdomTree ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Regulatory
ICI pursues reforming, modernizing '40 Act

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 ...