The Mutual Fund Directors Forum has called on the Securities and Exchange Commission to “reconsider” imposing its proposed requirement that closed-end funds disclose in the annual meeting proxy statement whether any directors…
8 years ago
Bulldog takes aim at closed-end Deutsche funds
Bulldog Investors has filed proxy proposals to elect its own nominees to the boards of Deutsche Asset Management’s closed-end Deutsche High Income Opportunities Fund and Deutsche Global High Income Fund. The activist…
8 years ago
SEC on valuation: Directors can delegate
Independent fund directors received clarification in late April on the valuation guidance included in last summer’s money market fund reforms when the Securities and Exchange Commission’s Division of Investment Management published frequently…
Average compensation for independent directors serving on fund boards overseeing less than $50bn in assets under management increased at twice the rate in 2014 as that for directors in the higher AUM…
8 years ago
Editor’s Note – May 2015
As FD was going to press, the Securities and Exchange Commission’s Division of Investment Management came out with valuation-focused frequently asked questions—and more importantly, the answers to those FAQs—designed to clarify language…
8 years ago
Tittsworth to join Ropes & Gray’s D.C. office
Former Investment Adviser Association CEO and President David Tittsworth will join Ropes & Gray’s investment management practice in Washington, D.C., as of counsel in June. Tittworth left the IAA in February after…
The Securities and Exchange Commission’s Division of Investment Management on Wednesday published frequently asked questions, or FAQs, on the valuation guidance contained within the nearly 600-page money market fund rules finalized last…
8 years ago
Dykstra, Pike leave K&L for Ropes & Gray
The legal duo of Paul Dykstra and Paulita Pike have moved from K&L Gates to Ropes & Gray, where they’ve joined as partners in the Chicago investment management practice. The addition of…
8 years ago
MFDF tackles board-CCO relationship in new paper
Mutual Fund Directors Forum has published a new paper on the relationship between the fund board and the chief compliance officer. The paper is designed to help boards establish an effective relationship…
8 years ago
BlackRock charged with fiduciary duty breach
The Securities and Exchange Commission has charged BlackRock Advisors LLC with breaching its fiduciary duty by failing to disclose a conflict of interest created by the outside business activity of a portfolio…
