MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 10, 2007 FBR Prospectus Changes Could Irk Shareholders FBR's change to the prospectus of the FBR Small cap fund came without it seeking shareholder approval. That faux pas is translating into shareholder discontent, fund insiders told Barron's. Barron's reports that FBR's counsel found no need to seek shareholder approval to junk the provision that the fund hold at least 80 percent of the fund's assets be in small caps. Both Adam Bold, of the Mutual Fund Store, and Harold Evensky, an investment advisor, say that the move may step on shareholders toes, but if the good returns continue, they may not mind the pain. Printed from: MFWire.com/story.asp?s=15672 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |