Rachael Schwartz was quoted on key issues facing fund directors in 2019, particularly the importance of being prepared for final implementation deadlines for the U.S. Securities and Exchange Commission’s (SEC) liquidity risk management rule.
Rachael said that while most boards have been kept apprised of their advisers’ preparations, few boards have seen a formal draft of plans.
“[Fund advisers are] in that phase now, where they're actually sitting down and writing the program and getting them ready for the boards,” she said.
Fees are another theme for fund directors in the next year, Rachael added, saying that funds need to be appropriately priced and packaged to attract assets in the new environment of ultra-low fees.
Read the full article here. (Subscription required)