A recent program sponsored by Women in Funds took a close look at the critical issues that fund managers are facing while navigating the disruptions and market turmoil caused by the coronavirus pandemic and offered practical guidance on navigating those issues. Laura Tucker Schnaidt, founder and CEO of Women in Funds, introduced the panel, which featured Paul Hastings partner Ira P. Kustin
, counsel Runjhun Kudaisya and associate Alexandra Marghella. This two-part series presents the key points raised by the speakers. This first article outlines the panelists’ views on fund governance, investor relations, fiduciary duty, board meetings, valuation and line of credit issues. The second article will cover their perspectives on the issues for open-end, closed-end and registered funds. For our coverage of another event sponsored by Women in Funds, see “SEC Commissioner Peirce Shares Views on Gender Diversity, Shareholder Issues, Cryptocurrency and Her SEC Dissents
” (May 30, 2019).