Tom Lauricella speculates in The WSJ's Fund Track
on why mutual funds are taking a more aggressive stance on proxy issues. He cites OppenheimerFunds
teaming with several hedge funds to oust the board at Take-Two Interactive Software
, T. Rowe Price's
opposition to a leveraged-buyout attempt at Laureate Education and public disapproval of a planned merger of two energy companies. Lauricella concludes that funds are making proxy fights to compete with the growing popularity of hedge funds, and stand out in the mutual fund crowd.
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