Board of Trustees
The Board of Trustees’ role is one of oversight rather than day-to-day management of the Funds. The Audit Committee assists with this oversight function. The Board of Trustees’ oversight extends to the Fund’s risk management processes. Those processes are overseen by officers, including the President and Treasurer, Secretary and Chief Compliance Officer, who regularly report to the Board of Trustees on a variety of matters at Board meetings.
The Board of Trustees is currently comprised of three Independent Trustees – Mr. Philip J. Kennedy, Ms. Rachel F. Lupardus, and Mr. Jeffrey D. Yowell – and one Interested Trustee – Mr. Robert J. Male. Mr. Male is an interested person of the Trust by virtue of the fact that he is an employee and stockholder of the Advisor. The Trust has appointed Mr. Yowell as Chairman.
The Board of Trustees has established four standing committees – the Audit Committee, the Marketing and Distribution Committee, the Nominating Committee and the Valuation Committee. All Independent Trustees are members of the Audit Committee and the Nominating Committee. Inclusion of all Independent Trustees as members of the Audit Committee and the Nominating Committee allows all such Trustees to participate in the full range of the Board of Trustees’ oversight duties, including oversight of risk management processes. In accordance with the fund governance standards prescribed by the SEC under the 1940 Act, the Independent Trustees on the Nominating Committee select and nominate all candidates for Independent Trustee positions. The Valuation Committee consists of one Interested Trustee and employees of the Advisor. The Marketing and Distribution Committee consists of one Independent Trustee and one Interested Trustee.
Each Trustee was appointed to serve on the Board of Trustees because of his or her experience, qualifications, attributes and/or skills. The Board of Trustees reviews its leadership structure regularly. The Board of Trustees believes its leadership structure is appropriate and effective in light of the size of the Trust, the nature of its business, and industry practices.
Recent Buffalo Funds News
Learn from the top thought leaders in the industry.
Jamie Cuellar, Buffalo Small Cap Fund co-portfolio manager, recently appeared on the Money Life with Chuck Jaffe podcast, discussing his investment viewpoints and portfolio strategy.
Kiplinger recognized the Buffalo Small Cap and Early Stage Growth Funds as “Top-Performing Mutual Funds” in their recent fund analysis.
Jamie Cuellar, Buffalo Small Cap Fund co-portfolio manager, recently appeared on the Barron’s Live “What to Watch in Markets this Week” podcast, discussing his investment viewpoints on small cap companies and his portfolio management strategy.