Ropes & Gray Attorneys Discuss Interventions to Protect Shareholders in Closed-End Funds
June 07, 2024
June 07, 2024
BOSTON, Massachusetts, June 7 -- Ropes and Gray, a law firm, issued the following news:
A recent Investment Company Institute ("ICI") report found that no new closed-end funds ("CEF") were launched in 2023. Industry experts note that CEF managers view activists who buy large stakes in high-discount CEFs and then demand liquidity as a threat to long-term stakeholders.
Asset management partner Elizabeth Reza and litigation & enforcement partner Rob . . .
A recent Investment Company Institute ("ICI") report found that no new closed-end funds ("CEF") were launched in 2023. Industry experts note that CEF managers view activists who buy large stakes in high-discount CEFs and then demand liquidity as a threat to long-term stakeholders.
Asset management partner Elizabeth Reza and litigation & enforcement partner Rob . . .