{"id":16841,"date":"2010-07-22T06:01:05","date_gmt":"2010-07-22T10:01:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16841"},"modified":"2010-07-22T06:01:05","modified_gmt":"2010-07-22T10:01:05","slug":"closed-end-funds-oppose-activism-with-false-arguments","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2010\/closed-end-funds-oppose-activism-with-false-arguments.html","title":{"rendered":"Closed-End Funds Oppose Activism With False Arguments"},"content":{"rendered":"<p>Seeking Alpha &#8211; Previous  articles described the conflict between institutional investors in  closed-end funds and the managers of those funds. Discount reduction  measures can benefit shareholders, but they reduce the managers&#8217; fees  and profits. So far this year at least eight funds have had stockholders  voting to request such measures, so now the Directors of those funds &#8212;  who may also serve as Board members at dozens of other funds sponsored  by the same manager &#8212; face a tough choice.<\/p>\n<p>They can ignore the vote,  and face a proxy fight next year for their Board seats or a proposal to  remove the manager &#8212; as has been threatened at the Singapore Fund (SGF). Or they can do what  the institutions want, to the manager&#8217;s detriment.<\/p>\n<p><a href=\"http:\/\/seekingalpha.com\/article\/215738-closed-end-funds-oppose-activism-with-false-arguments\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seeking Alpha &#8211; Previous articles described the conflict between institutional investors in closed-end funds and the managers of those funds. Discount reduction measures can benefit shareholders, but they reduce the managers&#8217; fees and profits. So far this year at least [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16841","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16841"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16841\/revisions"}],"predecessor-version":[{"id":16842,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16841\/revisions\/16842"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}