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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