cheerleader
Funds can do more to give investors a fair shake
motto
community
statement
indictment
increased commitment
the Independent Directors Council
regulatory mandate
In short, the fund industry has done its homework without being threatened with detentions; it hardly means the business is making the honor roll.
board
By comparison
trustee
audit committee
many of the current "best practices" were part of proposed industry reforms and were adopted in many cases by firms figuring that they would just beat regulators to the punch.
Fund firms have done the bare minimum for what the public should have expected or demanded from a board of directors
Plenty of boards retain mediocre or lousy managers year after year
push through fee increases or fail to push management to close a fund to new investors after assets surpass the ideal size for the strategy they employ
taxable gains
Consulting
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