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Tuesday, October 5, 2010

Buddy Speaks

Reported by Armie Margaret Lee

Not much has been heard from Buddy Donohue since he announced his plan two months ago to leave his post as the director of the Securities and Exchange Commission's division of investment management in November. Last night, Donohue gave his first speech since his August announcement.

Donohue took the stage as the keynote speaker at the Retirement Income Industry Association Annual Meeting and Awards Dinner at the Hyatt Harborside in Boston.

"This will be one of my last opportunities to speak with market participants in my current position," Donohue told the audience.

In his remarks, he discussed, among others, 12b-1 reform, target-date funds and money market funds.

So what's next for Donohue?

Donohue told The MFWire.com he will not be considering his next chapter until after he leaves the commission. 

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