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Rating:Funds Bring In The Brawlers on Proxies Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 11, 2007

Funds Bring In The Brawlers on Proxies

by: Erin Kello

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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