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Rating:Three Fund Firms Take Home MStar Top Steward Kudos

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Thursday, January 31, 2008

Three Fund Firms Take Home MStar Top Steward Kudos

by: Armie Margaret Lee

In today's Fund Spy column, Morningstar's Laura Pavlenko Lutton singled out FPA, DWS Scudder and John Hancock for becoming more shareholder-friendly. Pavlenko Lutton noted that three FPA funds have elected an independent chairman last month. As for DWS, the firm is implementing a new policy this year under which it will see whether fund skippers own shares of funds they manage when determining their overall compensation. In the case of Hancock, Pavelnko Lutton praised its decision in recent years to tap subadvisors for some struggling funds.  

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