Investment Management Partner Discusses Expected Areas of Focus for Fund Boards in 2015 in Fund Director Intelligence

Investment management partner and practice group co-head John Loder (Boston) is quoted in a Nov. 19 Fund Director Intelligence article titled “Directors’ Workloads, Responsibilities on the Rise.” Mr. Loder notes that independent directors are spending increasing amounts of time on the job and are likely to be focusing in 2015 on such issues as the implementation of new SEC money market fund rules, the SEC’s ongoing scrutiny of fund payments to financial intermediaries, levels of liquidity in fixed-income portfolios, securities valuation and new liquid alternatives products. He notes, “There is no question that the job of a mutual fund trustee has been getting more difficult as the complexity of the products they oversee has increased and as additional regulatory complexity has developed.”