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US mutual fund trustees feel the heat of investor lawsuits
Add BT as a preferred sourcePublished Wed, Dec 28, 2016 · 09:50 PM
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Boston
BEFORE New York's famed 21 Club steakhouse drew attention in November for hosting Donald Trump, the wealthy US.president-elect, it quietly fed other public representatives: trustees of Paris-based AXA SA investment funds.
The trustees - board members tasked with overseeing AXA funds - had events there and at other ritzy spots, legal records show. A 2011 holiday party at a Del Frisco's restaurant cost US$25,775, a US$1,000 average for each of roughly 25 people present. "The wine was very good," a trustee recalled of one meal.
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