Overview

The next Conference of Fund Leaders roundtable will take place on Friday, June 3, 2011 from 10:00 am – 2:00 pm at the Yale Club in New York City. Join us for this unique gathering which provides fund independent chairs and lead independent directors with an opportunity to discuss important issues with other fund leaders. The June event will feature a "plain English" overview of recent academic research on mutual funds of interest to fund directors. Recent research has explored, for example, whether there is a relationship between board organization and fund performance. Other recent papers have discussed topics such as how to measure active management to ensure that the manager is not charging active management fees for what is essentially an index fund. Fund leaders will have the opportunity to learn about these and other recent academic studies, and to raise additional issues of interest to participants.

The Conference of Fund Leaders (CFL) is a partnership of the Mutual Fund Directors Forum, the Millstein Center for Corporate Governance and Performance at the Yale School of Management, and independent leaders of mutual fund boards of trustees.

Agenda

10:00 – 10:15 Welcome

10:15 – 11:00  A “plain English” overview of recent academic research on mutual funds of interest to fund directors, led by Yale Professor Martijn Cremers.  The discussion will include an overview of a paper by Professor Cremers regarding how to measure active management to ensure that the manager is not charging active management fees for a closet index fund.

11:00 – 12:30  An interactive conversation, facilitated by Putnam Chair John Hill, on how fund leaders can build a well-functioning board.

12:45 – 2:00    Lunch - The lunch discussion will be an open forum, allowing participants to discuss current topics of interest with their fellow fund leaders.

Program Info

Date & Time

June 3, 2011
10:00 am to 2:00 pm

Location

The Yale Club (map)
50 Vanderbilt Avenue
New York, NY  10017

Registration Information

This event is by invitation only.  If you are a fund board chair or lead independent director and would like to attend, please contact the Forum at 202.507.4494.

Conference Fees & Cancellation Policy

There is no charge to attend this program.

Conference Attire

Business attire is requested for this event.

Media

This event is closed to the media.

Content

Individual session content may be modified to adapt to the changing business climate; however, the program's focus on fundamental concepts and issues identified in the program overview will be retained.

Questions

If you have questions about this event, please contact the Forum via phone at 202.507.4488, or via email.