MFDF News Feed

February 8, 2022

The SEC’s order found that Leaf Group materially misstated that the director was independent even though he served as chief financial officer of another company, for which Leaf’s CEO served as a director and whose compensation committee Leaf’s CEO chaired.

February 7, 2022

The Fed defined a CBDC as a digital liability of a central bank that is widely available to the general public, analogous to a digital form of paper money.

February 3, 2022

The topics at both hearings focused heavily on inflation, price increases, supply chain issues, and employment data

February 2, 2022

Chair Gensler also pointed to what regulations could look like for service providers, many of which are not SEC-registered entities.

February 1, 2022

In this overview of the SEC's proposed amendments to the money market funds rule, we provide a summary and highlights from law firm memos on the topic.

January 31, 2022

Joanne Skerrett, MFDF’s senior counsel, will lead a Q&A session with Theresa Hamacher, chair of Morningstar Funds, on the recent IAA report “Diversity and Investment Performance: A Summary of the Research.” The webinar will broadcast live from 2 pm - 3 pm (ET).

January 27, 2022

Academics say their research shows that machine-learning methods can use information contained in multiple fund characteristics to select funds that earn economically and statistically significant positive risk-adjusted returns net of fees and transaction costs.

January 26, 2022

EY noted that although risk management has climbed higher on the corporate board agenda, its survey of 510 global directors found some dissatisfaction in the perceptions of directors on enterprise risk management. “Despite the criticality of risk management, many board members lack confidence in their organization’s capabilities."

January 25, 2022

The research brief summarizes and tabulates the studies that seek to answer questions, such as: Do investments managed by women or minorities (or by firms owned by women or minorities) outperform or underperform?

January 24, 2022

On Wednesday, January 26, 2022 from 12-1 p.m. ET, lawyers from Ropes & Gray will discuss recent amendments to the SEC’s Marketing Rule in a Ropes & Gray webinar.

January 20, 2022

“It is difficult to get an interval fund onto distribution platforms if its assets are below $100 million, but it is a challenge to raise assets unless the fund is on a platform, which threatens its survival,” according to the paper.

January 19, 2022

SIFMA, the leading trade association for broker-dealers, commented that the securities lending proposal would result impose significant costs; and could have an adverse impact on the securities lending market.

January 18, 2022

A list of webinars that examined how fund directors can think about recent trends such as ESG, Crypto, SPACs, closed-end fund activism, in their oversight role.

January 13, 2022

Q: We are looking into hiring a new independent fund director for our registered funds in 2022. Do you have a checklist or timeline or another material that could aid in the process?

January 12, 2022

In this webinar, the Forum staff will talk with Steven Rogers, an independent director on the Oakmark Funds board and former Harvard Business School professor, about his book A Letter to My White Friends and Colleagues: What You can do Now to Help the Black Community. This webinar will broadcast live from 2 pm - 3 pm (ET).

January 11, 2022

A list of Forum webinars on derivatives, valuation, and others, highlighting how these regulations will affect the oversight of funds in the coming year.

January 10, 2022

The Oliver Wyman report outlined potential bright spots for the industry, including savings from the virtual work environment and a more digitized business model.

January 6, 2022

The report touches on diversity issues in the general workforce at each investment firm, the company’s board of directors, procurement and services providers, asset management, and underwriting procurement. The report also puts forth recommendations on potential legislative proposals to address diversity issues.

January 5, 2022

The annual report addresses vulnerabilities in the financial sector related to climate change, leverage in the nonfinancial corporate sector, the LIBOR transition, market impact of a central counterparty default, cybersecurity, digital assets, and certain parts of the financial market structure, among other issues.

January 4, 2022

“Together, these amendments are designed to reduce the likelihood of runs on money market funds during periods of stress,” said SEC Chairman Gary Gensler.