Final Valuation Rule Resources

On December 3, 2020, the SEC adopted new Rule 2a-5 under the 1940 Act and issued significant guidance on the valuation of fund investments, clarifying how fund boards may carry out their responsibilities in the fair valuation of fund investments. In this section, the Forum will provide directors with important viewpoints on the rule and its implications from leading law firms, accounting firms, and consultants. This section also will include MFDF programs, such as webinars and white papers. To view this resources page, please click here.

MFDF Enhances the Governance of Mutual Funds

The Mutual Fund Directors Forum is an independent, non-profit organization that serves independent directors of mutual funds and other U.S. registered investment companies.  The Forum seeks to enhance fund governance by building a strong community among independent directors through educational and networking opportunities and by providing directors with a strong voice in the key policy debates impacting directors’ effectiveness and the future of the fund industry.

MFDF Enhances the Governance of Mutual Funds | MFDF

Upcoming Events

Full calendar

  • March 3, 2021

    Board Oversight of ETFs

    Stephanie Capistron, Adam Teufel and Kaitlin McGrath from Dechert LLP will provide an overview of board oversight responsibilities for ETFs with a particular focus on semi-transparent ETFs.The webinar will broadcast live from 2 pm - 3 pm (ET).

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  • March 9, 2021

    Gender Bias in Investment Professional Evaluations

    Professor Scott Stewart from Cornell University's SC Johnson College of Business will discuss gender biases in the investment industry that hinders firms from expanding diversity in their investment teams. The webinar will broadcast live from 2 pm - 3 pm (ET).

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  • March 10, 2021

    Director Discussion Series - Open Forum via Zoom (Midwest)

    This DDS meeting is for independent directors and CCOs based in the Midwest region to discuss timely issues with peers and experts. This Zoom meeting will be from 11:15 am - 12:15 pm (ET).

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City Background | MFDF

COVID-19 Resources for Fund Directors

MFDF aims to keep fund directors up to date on relevant regulatory and business topics during the global health crisis. This list of resources provides information on regulatory relief and guidance, commentary on legal, strategic and governance matters, as well as asset management industry news. As we update this list, we will post the updates via our Forum News Feed daily blog.

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What Fund Directors Need to Know about AI and Quantitative Investing

In March 2020, Brian Bruce, CEO & CIO of Hillcrest Asset Management, and Korok Ray, Ph.D., Associate Professor and Director of the Mays Innovation Research Center at Texas A&M University, published their paper titled "Fund Board Oversight of Artificial Intelligence and Quantitative Investments" to address mutual fund directors as they are increasingly asked to oversee funds that use artificial intelligence and quantitative methods to manage investments. With the growth of artificial intelligence and quantitative strategies such as smart beta, fund directors must understand the basis of these technologies to properly govern the funds they oversee. 

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