|5291||Board Oversight of Fund Profitability: Gartenberg Profitability Benchmarks||30||May||2:00PM||3:00PM||May||Wednesday||27||2015||
Fund-by-fund review of adviser profitability remains a pillar of the “Gartenberg” contract renewal process; its importance was reinforced a few years ago the Supreme Court decision in Jones V. Harris Associates.
Fund Directors’ required annual assessment of the reasonableness of fund by fund profitability, computed on a before marketing, distribution and taxes basis, remains largely an art rather than a science. This MFDF/MPI webinar provides guidance regarding the standards from which independent fund directors can begin their annual review of adviser profitability.
This webinar will be broadcast live from 2:00 to 3:00 Eastern time on Wednesday, May 27, 2015.
To receive member pricing, login to the site before clicking register. If you need assistance, call the Forum at (202) 507-4488.
|Forum Webinar Series||
Management Practice, Inc
Sara Yerkey began her career in Finance in 1996 with Standard & Poor's, in their financial analysis and product sector. In 2001, she shifted into the mutual fund industry, working for Janus in their Corporate Finance division. She continued through 2006 as a Director of Financial Analysis and Strategy, when she joined Management Practice. Sara has a BS in International Business from Trinity University, receiving her Masters in Finance from the University of Colorado in 2002. Sara has worked for Management Practice since January 2007, focusing on the areas of mutual fund governance, contract renewal, and profitability analysis.
Morrison & Foerster LLP
Kelley Howes is Of Counsel in Morrison & Foerster's Investment Management practice group. She has experience with a wide range of legal, regulatory, compliance, corporate governance, insurance, and other matters relating primarily to the representation of U.S. registered and unregistered investment advisers, transfer agents, and broker-dealers. Ms. Howes has more than 20 years' experience in investment management-related matters. Prior to joining Morrison & Foerster, she served in various roles within Janus Capital Group, Inc., Janus Capital Management LLC, the Janus Funds and Janus Distributors LLC. Ms. Howes earned her J.D. from Suffolk University, her M.B.A. from Northwestern University, and her B.A. from St. Lawrence University.
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