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, November 17, 2003 New Fund Targets Governance With Wall Street engulfed in the scandal over the mutual fund industry, corporate governance is probably on many minds. Enter a new fund that promises to be tough on governance. The Watchdog Fund is an open-end mutual fund that will pursue capital appreciation though its investments in US-based companies with market capitalizations ranging from $75 million to $5 billion, in addition to positions the fund will take in the largest US companies. But, the fund will also address corporate governance issues. The Watchdog Fund may work with other shareholders or pursue legal action to improve corporate governance, or sell short the shares of companies it believes are poorly governed. In addition, the fund may also invest in companies it believes are examples of good corporate governance. Howard Horowitz, chairman and CEO of H Team Capital, LLC, a New York City-based investment management firm created the fund and will manage it. Printed from: MFWire.com/story.asp?s=6193 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |