If you can't join em, beat em! That's the seemingly backward battle cry from Irving Straus, the chairman of Straus Corporate Communications of New York.

Straus, who had been on a one-man crusade to snare a job as an independent director for a mutual fund board or two, has changed his tactic. He is now developing a matchmaking service that will marry qualified fund director candidates with mutual funds hungry to secure new independent trustees in light of the new SEC requirement that 75% of a fund's board members be independent of management.

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.