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U.S., U.K. Fund Managers Split On Board, Other Issues

Fund managers in the U.S. and the U.K. are almost evenly split over a fund’s need for independent boards.

Fund managers in the U.S. and the U.K. are almost evenly split over a fund’s need for independent boards. According to Global Investor magazine, 54% of managers across the pond reject the requirement, while 50% on this side of the Atlantic favor it. In other issues, 82% of U.K. funds require their managers to account for soft commissions, nearly twice the 43% in the U.S. And while half the U.S. respondents say they disclose voting records from all their portfolios, only one out of three did the same in the U.K.

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