PHILADELPHIA – Approximately one year after the compliance date for the U.S. Securities and Exchange Commission’s (SEC) rule for good faith determination of fair value, Stradley Ronon and the Mutual Fund Directors Forum (MFDF) partnered for a webinar looking back at the last year — and ahead to the future — at the rule and its implications for fund directors.
The webinar, hosted Nov. 14, followed the publication by Stradley Ronon and MFDF of a comprehensive paper covering the SEC’s Rule 2a-5 under the Investment Company Act of 1940. Stradley Ronon partner David Grim and associate Jennifer Hillman and MFDF president Carolyn McPhillips and counsel Sara Vargo discussed with Matt Wolfe, managing director, investments, compliance & legal at Guidestone, and Monty Mansur, independent director, FundVantage Trust, Third Avenue Trust and Third Avenue Variable Annuity Trust, fund and board experiences with respect to valuation over the past year. The webinar provided practical guidance to fund directors and answered questions fund directors may have been considering with respect to valuation.
Grim provides counsel on all aspects of investment management law. He assists clients with a unique perspective developed during his more than 20 years in the SEC’s Division of Investment Management, including his time as one of only a small number of people who have served as the top regulator of the asset management industry.
Hillman represents investment companies (including mutual funds, closed-end funds and exchange-traded funds) and investment advisers in connection with various regulatory, compliance, investment servicing and transactional issues.
Stradley Ronon’s investment management practice has helped shape the investment management industry by assisting with the creation of innovative investment products and services. Learn more about our offerings.
About Stradley Ronon
Counseling clients since 1926, Stradley Ronon has helped private and public companies — from small businesses to Fortune 500 corporations — achieve their goals by providing pragmatic, value-driven legal counsel. With offices in eight strategic locations, our responsive team of more than 200 attorneys seamlessly addresses the full spectrum of our clients’ needs, ranging from sophisticated corporate transactions to complex commercial litigation.