If it is true that politics makes strange bedfellows, then financial services scandals make for even more curious divorces.

A peek at the behind-the-scenes wrangling shows that mutual fund boards are making some grave decisions about the fate of scandal-dogged sub-advisors that manage all or a portion of their proprietary funds.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.