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Opinion

Locking up capital has pros and cons

In theory, closed-end funds should outperform over long horizons – they can avoid forced sales. But in practice, lack of monitoring and alignment can lead to agency costs and underperformance.
Liang YinJune 1, 2017
Uncategorised posts

CII wants SEC to keep up legal fight

The Council of Institutional Investors has called for the Securities and Exchange Commission to pursue a re-hearing of a controversial proxy access rule that would have bolstered shareholder rights but was recently defeated in a legal challenge.
SAM RILEYAugust 24, 2011