Mutual Fund Governance

A mutual fund is an investment fund that pools money from many investors to purchase securities.

Mutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds.[1] Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. The primary structures of mutual funds are open-end funds, closed-end funds, and unit investment trusts. Over long duration passively managed funds consistently overperform actively managed funds.

Samantha Kappagoda was a Speaker at the Independent Directors Council Webinar – The Nuts and Bolts of AI: A Primer for Fund Directors

Samantha Kappagoda was a Speaker at the Independent Directors Council Webinar – The Nuts and Bolts of AI: A Primer for Fund Directors

Samantha Kappagoda, Chief Economist of Risk Economics® and Independent Director/Trustee of Credit Suisse Mutual Funds, was invited to speak at the Independent Directors Council (IDC) webinar – The Nuts and Bolts of Artificial Intelligence (AI): A Primer for Fund Directors – on May 1, 2024.

The session was moderated by David Blass, Partner at Simpson Thacher, and Samantha was joined by co-panelist Tim Persons, Principal, Digital Assurance and Transparency at PwC. The panel discussed implications for the asset management industry, how investment advisors are approaching the use of AI, and its potential impact on the oversight role of fund directors.

Samantha previously presented on AI and Asset Management: Considerations for Fund Boards at the 2023 IDC Fund Directors Conference in Chicago, as well as the joint IDC/MFDF event last month on Diversity and the Board of the Future. The IDC represents independent directors and trustees who serve on the boards of mutual funds, closed-end funds, exchange-traded funds and other registered investment companies.

Samantha Kappagoda was a Speaker on AI and Asset Management for Independent Directors Council

Samantha Kappagoda currently serves as an Independent Director / Trustee, Nominating Committee Chair, and Audit Committee Member of Credit Suisse Mutual Funds, which are comprised of two closed-end funds (NYSE: DHY and CIK) and six open-end funds investing in commodity, quantitative and high yield and credit strategies. She is also Chief Economist and Co-Founder of Risk Economics® and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute.

About Risk Economics, Inc.
Risk Economics® specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis. The RiskEcon® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators. For additional information, please visit https://riskeconomicsinc.com/.

Samantha Kappagoda was a Speaker at the Independent Directors Council Webinar – The Nuts and Bolts of AI: A Primer for Fund Directors Read More »

Samantha Kappagoda was a Speaker at the Joint IDC/MFDF Event on Diversity and the Board of the Future

Samantha Kappagoda was a Speaker at the Joint IDC/MFDF Event on Diversity and the Board of the Future

Samantha Kappagoda, Chief Economist of Risk Economics® and Independent Director/Trustee of Credit Suisse Mutual Funds, was invited to speak at the Independent Directors Council (IDC) / Mutual Fund Directors Forum (MFDF) joint event on Diversity and the Board of the Future, hosted by KPMG in New York City on April 25, 2024.

Samantha joined a panel entitled My Board Journey, moderated by Eddie Ramos, Independent Director of Calvert Funds, in which participants described their pathways to the boardroom and early experiences. Her fellow panelists were:

  • Sharmila Chatterjee Kassam, Independent Director of Calamos Investment Trust and
  • Thomas Melendez, Independent Director of SEI

Samantha previously presented on AI and Asset Management: Considerations for Fund Boards at the 2023 IDC Fund Directors Conference in Chicago. IDC represents independent directors and trustees who serve on the boards of mutual funds, closed-end funds, exchange-traded funds and other registered investment companies. MFDF also serves independent directors of mutual funds and other U.S. registered investment companies.

Samantha Kappagoda was a Speaker at the Joint IDC/MFDF Event on Diversity and the Board of the Future

Samantha Kappagoda currently serves as an Independent Director / Trustee, Nominating Committee Chair and Audit Committee Member of Credit Suisse Mutual Funds, which are comprised of two closed-end funds (NYSE: DHY and CIK) and six open-end funds investing in commodity, quantitative and high yield and credit strategies. She is also Chief Economist and Co-Founder of Risk Economics® and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute

About Risk Economics, Inc.
Risk Economics® specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis. The RiskEcon® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators. For additional information, please visit https://riskeconomicsinc.com/.

Samantha Kappagoda was a Speaker at the Joint IDC/MFDF Event on Diversity and the Board of the Future Read More »

Samantha Kappagoda was a Speaker on Artificial Intelligence in Asset Management: Considerations for Fund Boards

Samantha Kappagoda was a Speaker on Artificial Intelligence in Asset Management: Considerations for Fund Boards

Samantha Kappagoda, Chief Economist of Risk Economics and Independent Director/Trustee of Credit Suisse Mutual Funds, was invited to speak at the 2023 Independent Directors Council (IDC) Fund Directors Conference in Chicago on October 11-13, 2023.  The Independent Directors Council (IDC) represents independent directors and trustees who serve on the boards of mutual funds, closed-end funds, exchange-traded funds and other registered investment companies.

Samantha joined a panel entitled Artificial Intelligence in Asset Management: Considerations for Fund Boards, moderated by Jennifer Murphy, Independent Director, Putnam Funds. Fellow panelists were:

  • Nathan Briggs, Partner at Simpson Thacher & Bartlett LLP and
  • Deep Ratna Srivastav, SVP, Head of AI and Digital Transformation, Franklin Templeton

Samantha Kappagoda is Chief Economist and Co-Founder of Risk Economics, and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute. She also currently serves as an Independent Director / Trustee, Member of the Audit Committee and Chair of the Nominating Committee of Credit Suisse Mutual Funds, which are comprised of two closed-end funds (NYSE: DHY and CIK) and six open-end funds investing in commodity, quantitative and high yield and credit strategies.

Artificial Intelligence in Asset Management: Considerations for Fund Boards

About Risk Economics
Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis. The RiskEcon® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators. For additional information, please visit https://riskeconomicsinc.com/.

Samantha Kappagoda was a Speaker on Artificial Intelligence in Asset Management: Considerations for Fund Boards Read More »

Samantha Kappagoda Elected to the Boards of the Credit Suisse US Mutual Funds as an Independent Director/Trustee

Samantha Kappagoda was Elected to the Boards of the Credit Suisse US Mutual Funds as an Independent Director / Trustee

Risk Economics, Inc. is pleased to announce that Samantha Kappagoda, Chief Economist, has been elected to the Boards of the Credit Suisse US Mutual Funds as an Independent Director/Trustee, effective January 1, 2023.

The Credit Suisse US Mutual Funds are managed by Credit Suisse Asset Management, LLC, which is an indirect, wholly-owned subsidiary of Credit Suisse Group AG. The Credit Suisse US Mutual Funds include eight funds investing in commodity, quantitative and high yield and credit strategies:

  • Closed-End Funds: Credit Suisse Asset Management Income Fund (NYSE: CIK) and Credit Suisse High Yield Bond Fund (NYSE:DHY)
  • Open-End Funds: Credit Suisse Commodity Return Strategy Fund, Credit Suisse Floating Rate High Income Fund, Credit Suisse Strategic Income Fund, Credit Suisse Managed Futures Strategy Fund, Credit Suisse Multialternative Strategy Fund, and Credit Suisse Trust – Commodity Return Strategy Portfolio

Ms Kappagoda, is Chief Economist and Co-Founder of Risk Economics, a New York based advisory firm, and Research Advisor at RiskEcon® Lab @ Courant Institute. Her primary focus is the development of analytics for modeling trends and patterns across global asset classes, markets, regions, sectors and industries. Her areas of expertise and experience include portfolio strategy for foreign exchange, fixed income, commodities, and capital markets activity as well as econometric time-series and longitudinal analyses of business cycle dynamics, retail consumer behavior, real estate and housing markets, consumption spending and labor income, income distribution related to health, aging, retirement, population and immigration, and other demographic and socioeconomic indicators.

About Risk Economics, Inc.
Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics.

The RiskEcon® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators. For further information, please visit: https://riskeconomicsinc.com/.

Samantha Kappagoda was Elected to the Boards of the Credit Suisse US Mutual Funds as an Independent Director / Trustee Read More »