“Costly Communication, Shareholder Activism, and Limits to Arbitrage” - “Shareholder Activism 101”
Itay Goldstein (left), assistant professor of finance at the Wharton School, offers a brief on the rise of “activist arbitrage” by shareholders in closed-ended funds, who push management to liquidate or open-end the funds. Philip Goldstein (no relation) then speaks on the same topic from the perspective of the activists. He is the founder of Bulldog Investors (right), a firm that specializes in such proxy fights.
Both talks were taped at the 2006 Center for Asset Management Conference, held at the State Street Pavilion in Fenway Park. The conference attracted some 140 academics and finance-sector managers.
Presenter(s): Itay Goldstein, Philip Goldstein
Date: June 9, 2006
Location: State Street Pavilion
Sponsor(s): Boston College; Center for Asset Management
URL: http://frontrow.bc.edu/program/fenway1/
The information on this page is accurate as of June 2006