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Board Culture Survey Highlights High-Performing Boards and Directors
An article based on a recent survey from Russell Reynolds Associates focuses on high-performing corporate boards and directors and explores behaviors that launch them in this category. According to the...
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Board Considerations on Cybersecurity Exams
According to a recent alertfrom consulting firm ACA Compliance Group, the SEC’s Office of Compliance Inspections and Examinations recently updated the list of documents they typically request during...
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Report: MiFID II Leaves Research Costs Up for Negotiation
A report in Bloomberg explores the wide range in research costs charged to institutional investors in the wake of the EU’s MiFID II regulation, which required asset management firms to unbundle...
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MFDF Webinar: Excessive Fee Litigation and Enforcement: Recent Decisions and...
Join Dechert partners Cathy Botticelli, Anthony Kelly, and David Kotler as they discuss the recent Section 36(b) court rulings and the SEC’s approach to reviewing 15(c) materials as part of an...
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Slow Pace of Demographic Change on Public Company Boards
The Conference Board reviewed SEC filings made in 2018 and found that 50 percent of Russell 3000 companies and 43 percent of S&P 500 companies disclosed no change in the composition of their board...
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ICI Mutual Releases Trends on D&O Claims, Expenditures
Industry insurer ICI Mutual in its 2018-2019 Claims Trends reported a year-on-year decrease in the overall number of claims submitted by insured fund groups under their D&O/E&O policies. Over...
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Firms Spend up to $3K per Employee on Cybersecurity
Banks and large financial firms report significant outlays when it comes to protecting their firms from cybercrime, according to Bloomberg. Data from a Deloitte survey of financial companies found:...
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Morningstar: Investors Paying About Half as Much to Own Funds in 2018 vs. 2000
Investors are the big winners in the fund price wars, the latest fee study from Morningstar suggests. “We estimate that investors saved roughly $5.5 billion in fund expenses” in 2018, largely due to a...
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MFDF Webinar: ETF Conversions: Legal Issues and Board Considerations
Please join Stacy Fuller and Timothy Bekkers from K&L Gates for a discussion regarding the fascinating world of converting existing investment products into exchange-traded funds (“ETFs”). We will...
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Fidelity Continues Push into Digital Assets as Regulators Clarify Stance
A survey commissioned by Fidelity Investments found that 47% of institutional investors believe digital assets have a place in their portfolio, while 22% already own digital assets, MarketWatch...
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Survey Highlights Governance Trends, Inner Workings of Boardrooms
The 11th edition of the Board Practices Report, a report by Deloitte LLP’s Center for Board Effectiveness and the Society for Corporate Governance, highlights current and emerging governance trends,...
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UK Asset Managers Get Creative Adapting to Shrinking Fees, Margins
An article from Institutional Investor describes the ways European asset managers are fighting back against falling fees. One firm’s compensation scheme for its portfolio managers includes deferrals...
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Moody’s Report on ETFs’ Liquidity Warns of Systemic Risk
A research report from Moody’s warns that despite rapid expansion in the ETF sector, extended bursts of volatility could painfully highlight how ETF liquidity mirrors underlying market liquidity. ETFs...
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MFDF Webinar: Fund Director Compensation: The MPI Annual Survey (2019)
Management Practice has conducted an annual survey of mutual fund director compensation for over 20 years. Each spring MPI releases its "Survey of Mutual Fund Director/Trustee Compensation and...
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OCIE Chief Highlights Exam Areas; Peirce Assails Share Class Initiative
In a recent speech Peter Driscoll, director of the SEC’s Office of Compliance Inspections and Examinations, focused on the agency’s efforts to protect retail investors. Driscoll pointed to OCIE’s...
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SEC Sets Meeting to Adopt Reg BI
SEC commissioners will discuss and consider adoption of the much-anticipated Reg BI in a June 5, 2019 open meeting. According to Pensions & Investments, the release of Reg BI is expected to be...
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WSJ: SEC Slow to Collect on Enforcement Penalties and Fines
The SEC has struggled to collect fines and penalties levied on financial wrongdoers and has written off $10 billion in fines levied since 2009, the Wall Street Journal reports. Over the five fiscal...
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Academics Explore Trade-Routing Relationships, See Investors at Disadvantage
A recent paper presented by academics from the University of Cincinnati and University of Notre Dame at a recent SEC conference, examines incentives behind trade routing relationships between...
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Dechert Program to Focus on Global Alternative Funds, Regulatory and...
Industry leaders and partners from Dechert LLP will convene in New York on June 4, 2019 at the law firm’s 6th annual Global Alternative Funds Symposium to discuss opportunities, trends and risks for...
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Cost-Cutting Firms Aim at Index Providers, Consider Self-Indexing
The Financial Times, citing research from a UK-based consulting firm, reports that large index providers have reaped impressive gains from the passive investing boom, generating $3.5 billion in...
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