MFDF News Feed

October 13, 2021

The SEC suggested that investors may not have adequate transparency when funds do not cast votes because their securities are out on loan.

October 12, 2021

Christopher Healey and Jasmin Ali from Simpson Thacher will provide an overview of BDCs from the board perspective. The webinar will broadcast live from 2 pm - 3 pm (ET).

October 11, 2021

Panelists from regulatory agencies, cybersecurity organizations and leading US companies join EY cybersecurity leaders in a series of webinars aimed at directors to address top issues in cybersecurity.

October 7, 2021

Where can newer directors obtain news and information on the fund industry and governance thought leadership?

October 6, 2021

Russ Kinnel discussed the types of funds most likely to stop accepting new investors in 2021, the reasons why funds may close to new investors, and trends in these closings.

October 5, 2021

The objective of the survey is to gather data on current and emerging cybersecurity trends, policies, and challenges across the financial services industry to help inform organizations’ 2022 cyber investments and policies.

October 4, 2021

AMAC’s private equity subcommittee recommend that the SEC consider permitting retail investors access to a wider range of private investments and that sufficient investor protections be put in place via the registered investment fund framework.

September 30, 2021

The Spencer Stuart 2021 S&P 500 Board Diversity Snapshot shows that firms are increasingly prioritizing diversity in the makeup of their boards of directors.

September 29, 2021

Industry groups are coming out against a provision in draft legislation from the U.S. Senate Finance Committee that seeks to repeal a section of the tax code that would change the tax treatment of in-kind redemptions by ETFs and mutual funds.

September 28, 2021

The Council says that the papers present a more balanced narrative about the value of active management and suggest “that active and passive both add value for investors in different ways and that active investing is essential to the health of the markets.”

September 27, 2021

This webinar will address how factors such as the pandemic and global political influences on market volatility, changing product demand and other industry trends, including continued acquisitions and mergers, can impact firm operating margins.

September 23, 2021

According to Lee’s blog post, overloaded committee agendas, the absence of a clear delineation of oversight responsibilities, and a lack of understanding of the information needs of each committee can contribute to problems in communication and coordination among committees and the full board.

September 22, 2021

The FINRA Investor Education Foundation and NORC at the University of Chicago surveyed 1,291 households between October 26 and November 13, 2020, and found that these new market entrants skewed younger, earned lower incomes, and were more racially/ethnically diverse than experienced market entrants and previous account holders.

September 21, 2021

Steve Barry, CIO of Fundamental Equity at Goldman Sachs, and Jody Foster, independent director for Hussman Investment Trust, will discuss topics relating to SPACs for mutual fund directors as part of the Forum’s Investment Series. The webinar will broadcast live from 2 pm - 3 pm (ET).

September 20, 2021

Gensler’s testimony covered potential reforms in the funds and investment management space, including money market funds and market resiliency and private funds, among others.

September 16, 2021

The SEC’s orders against each of the firms found that they violated the Safeguards Rule, which is designed to protect confidential customer information.

September 15, 2021

In letters sent out this year, SEC examiners asked advisers to detail the screening processes they use to ensure assets are worthy of ESG designations and requested information on how firms were addressing different jurisdictions’ requirements, Bloomberg wrote.

September 14, 2021

In this webinar a panel of experts, featuring IHS Markit, the SEC, and MFDF President Carolyn McPhillips, will discuss the big questions focused on SEC Rule 18f-4, the modernized regulatory framework for the use of derivatives by funds.

September 13, 2021

A Morningstar study of U.S. mutual funds and ETFs found the asset-weighted average expense ratio across funds was 0.41% in 2020, a 7% decline from 2019, the third-largest year-over-year decline Morningstar has recorded since 1991.

September 9, 2021

The firms also note that more than 1,000 SPAC IPOs have been reviewed by the staff of the SEC over two decades and have not been deemed to be subject to the 1940 Act.