BoardIQ

BoardIQ, a news service from the Financial Times, provides original mutual fund board intelligence from the trustee’s perspective.

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Supreme Court justices are expected to rule during the first half of 2026 on a case that has underpinned multiple lawsuits filed by Saba Capital against closed-end fund sponsors and their boards.
https://t.co/NFltlwQszT

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Independent directors could be asked to adjudicate potential conflicts of interest if co-investment relief is expanded to include private equity in closed-end funds. Learn more: https://t.co/eCzTwoIic7

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The Investment Company Institute is urging the Investment Management division to consider applying no-action relief recently granted for ExxonMobil.
https://t.co/tXS5l5sUCF

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AQR has added to its fund board two former advisory board members, including a new audit committee chair.
https://t.co/hZMkXu5G7v

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Three years after the valuation rule came into force, the SEC is sharpening its scrutiny of compliance, according to a new report by Deloitte.  
https://t.co/dURtFNh5EY

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Funds with unitary fee structures may have a leg up in managing the potentially higher distribution costs of dual shares, analysts say. However, this would mean a change in fee structure for most shops.
https://t.co/FlzSZ5UxHQ

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Directors hired hundreds without fund board experience since 2020, a BoardIQ analysis found. Data reporter Madison Hall examines whom fund shops have onboarded in the past five years. Learn more: https://t.co/exfwByL4Cg

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As more private managers venture into the registered fund space, some turn to directors for tips on navigating the stricter culture and compliance demands.
https://t.co/HFNPjnt1VP

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Directors of the Wildermuth Fund were sued for allegedly allowing the fund to maintain an artificially inflated net asset value, court records show.
https://t.co/CWo1tQgXME

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Chairs of nominating and governance committees earned between $500 and $55,000 last year, a BoardIQ analysis found.
https://t.co/4l3V3O4TYq

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Segall Bryant & Hamill’s audit chair has departed after four years on the board.
https://t.co/DNeoDCFV4d

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Boards at around 80 fund complexes could be grappling with what dual share class structures will mean for shareholders, and how advisors are tackling the structures' operational hurdles.
https://t.co/baDyJgXIcQ

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Saba Capital and its supporters have pushed back against industry groups who argued that the Supreme Court should rule that private parties can't sue under the ‘40 Act. Learn more: https://t.co/PIo5W15RrA

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Assets in interval funds have soared in recent years. Reporter Madison Hall dives into the products' expense ratios.
https://t.co/UjtJwoKRH2

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Two Credit Suisse funds will get new boards as Cantor acquires an $11 billion alternatives platform from UBS.
https://t.co/0on8gCw0Cu

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An emeritus director on three ETF boards has returned as an independent director after his replacement director quit. Keep reading: https://t.co/9r6hXJ1msj

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A board member overseeing a small-cap value fund declined compensation last year and owns no shares in the fund. Keep reading on BoardIQ.
https://t.co/xuDaNt8IZJ

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Eric Pan cited rising shareholder activism and a decline in new listings as barriers to innovation among the big challenges facing closed-end funds. 
https://t.co/baJhTz9RtY

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A proprietary BoardIQ survey reveals that 10 years of service is considered the ideal benchmark for directors. Respondents also shared insights into the incentives that attract candidates and the factors boards consider most.

Learn more: https://t.co/hMwzg4LUlO

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Fund boards are increasingly seeking new members with specialization in registered funds, a recent BoardIQ reader survey found.
https://t.co/ms5MCeyJ6L