MFDF - Mutual Fund Directors Forum - Fourth Annual Directors' Institute

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Fourth Annual Directors' Institute

4th Annual Directors' Institute Brochure Cover

Market events over the past year have increased challenges directors face as they evaluate fund performance. Recent litigation, including the Jones v. Harris Associates case currently being considered by the Supreme Court, also has added uncertainty to the advisory contract renewal process. The Forum’s Fourth Annual Directors’ Institute, which will be held in Coral Gables, Florida from January 26 – 28, 2010, will provide fund independent directors with an opportunity to learn from one another and industry experts about how best to address these difficult issues.

The Institute is open only to independent directors of mutual funds and uses a unique and innovative  case study method to foster discussions about the difficult decisions now arising in the advisory contract renewal process as a result of the recent market turmoil. This year's case study will facilitate analysis of issues such as:


    • risk as a factor in assessing performance,




    • evaluating cost cuts by advisers, use of soft dollars, and




    • effects of breakpoints in periods of declining assets.


Participants will also discuss the relevance and importance of fees charged by non-fund clients, in view of the current litigation climate.

In addition to the case study, the first half day of the conference will provide attendees with practical guidance on how to use performance metrics as part of effective risk governance.  Directors will leave with a better understanding of how to use metrics to analyze performance and evaluate risk, not only during the contract renewal process but also throughout the year.

The January 2010 program will also include a free session the morning of January 26 for newer independent directors, aimed at directors in their first few years of service on a fund board.

In order to use the case study effectively, attendance at this event is limited, but a few spaces remain.  To learn more about the Forum’s Fourth Annual Directors’ Institute, including a look at the event's agenda, and how to register, and how to reserve a hotel room, visit the event's web page at: