A core responsibility of fund boards is oversight of valuation. Though the fundamental responsibility is constant, the practices boards follow to fulfill this responsibility continue to evolve. The webinar discussed current valuation topics, such as the use of pricing vendors and the...
On February 23, ICI and IDC held a joint webinar on the SEC’s liquidity risk management program rule and related disclosure requirements for open-end funds—one of last year’s most significant rulemakings. Panelists will provide an overview of the rule’s requirements and related...
On August 25, a federal judge ruled in favor of the defense in Sivolella v. AXA Equitable Life Insurance Co., the first section 36(b) “excessive fees” case to go to trial since the Supreme Court’s Jones v. Harris decision in 2010. In a lengthy opinion, the judge found that the...
