Money Fund Rule Changes Downgrade Rating Agencies’ Role
The SEC’s proposed changes to the money market funds rule would bring greater attention to assessing credit risk.
Evergreen, State Street Sued over Subprime Losses in Funds
Shareholders have filed lawsuits against Evergreen and State Street because of subprime-related losses in two of their ultra-short bond funds.
Illiquid Markets Mean Working Harder 1:21
Illiquid markets mean working harder to determine valuations for securities, says Matthew Schroeder, managing director, Goldman Sachs. 
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Market Turmoil Adds to Challenge of Complying With FAS 157
Large financial institutions, including Fidelity, recently shared observations with the SEC on the challenges of complying with fair value accounting amid the subprime mess.
Directors Get Proxy Voting Guidance From IDC
New guidance from the Independent Directors Council aims to assist boards in a complex area that’s gained prominence in recent years: funds’ proxy voting.
How to Prevent Proxy Vote Conflicts 0:55
Martin Lybecker, a partner at law firm WilmerHale, details policies that funds can use to address conflicts of interest when voting client proxies. Read Transcript
ICI to Critics: Funds Vote Proxies in Shareholders’ Interests
Governance watchdogs in recent years have accused mutual funds of not looking out for shareholders in their proxy votes. A new study from the ICI attempts to clear the fund industry’s name.
Industry News Roundup
Ameriprise will buy J. & W. Seligman for $440 million; American Funds has been sued over its 12b-1 fees; a federal probe into the auction-rate securities market could result in criminal charges.