Last month, the board of the Hartford Funds had its annual sit-down with its internal subadvisor, Hartford Investment Management Company.
The Thrivent Funds board is planning to discuss the addition of an investment committee at its meeting this month.
The board of the Advance Capital funds has designated directors to report on specific areas of interest, such as board governance and regulations and industry trends, to the other board members.
Given the likely addition of new board members with the acquisition of the Van Kampen and Morgan Stanley funds, the board of the Invesco Aim funds is taking a fresh look at how its committees are structured.
Boards are now considering funds with hedge fund-like strategies that go beyond the typical long and short positions.
As funds create new offerings to capitalize on future growth in the marketplace, boards are becoming more involved in this process.
Board members of Putnam Funds participated in an extensive and formal pricing strategy review recently resulting in a reduction of management fees for many of Putnam’s mutual funds.
The board of the Aquila Family of Funds has been moving away from having different trustees serve on each fund board toward having fewer trustees serve on more boards in common.
The Kansas City board of the American Century funds recently finished its annual 15(c) process and found the current market downturn affected its usual routine.