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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

  • April 21, 2021

    Director Discussion Series - Open Forum via Zoom (Northeast)

    This DDS meeting is for independent directors and CCOs based in the Northeast 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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  • April 28, 2021

    Case Studies in Fund Oversight – A Virtual Roundtable for Directors

    This virtual session will use a case study will give fund directors an opportunity to discuss new approaches to critical boardroom issues with experts and their peers in the fund industry. The program will take place on April 28-29, 2021 from 11:00 am - 1:30 pm (ET) each day. Registration for this program will open in late March 2021.

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  • May 4, 2021

    In Focus: Board Oversight of Securities Lending

    This session will focus on board oversight of securities lending with Marney McCabe, Co-head of Global Securities Lending at Brown Brothers Harriman (BBH), and Garrett Berkery, Head of Risk Management for Global Securities Lending at BBH. This meeting will be on Zoom on Tuesday, May 4, 2021 from 2 pm to 3 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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