MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, February 24, 1999 Odd Lots, Feb. 24, 1999 Arthur Levitt, chairman of the SEC, has suggested that the mutual fund industry improve the role of independent mutual-fund directors, according to an article in The Wall Street Journal. One proposal Levitt is looking at is whether or not these directors should make up 50% of a mutual fund board. Another take on the meeting is provided by TheStreet.com, which reported that Levitt raised more questions than he provided answers through the first half of the meeting. He's back. After a long silence, John Bogle, Jr., wünderkind of Vanguard's founder, finally speaks out on his departure from Numeric in an article with The Boston Globe. It seems that Langdon Wheeler -- founder of the Cambridge, Massachusetts firm -- decided to postpone his retirement. Bogle decided that Numeric was top-heavy with management and decided to pursue greener pastures. The relationship between the two men is still congenial. Printed from: MFWire.com/story.asp?s=24656 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |