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商品編號: 9-208-097 出版日期: 2008/01/02 作者姓名: Greenwood, Robin;Quinn, James 商品類別: Finance 商品規格: 21p 再版日期: 2008/07/03 地域: Mexico 產業: 個案年度: 2000 -
商品敘述:
Philip Goldstein, the principal in a growing hedge fund and prominent activist investor, has taken a position in a Mexico-based closed-end fund. Following a hard-fought proxy contest in which he advocated for management to eliminate the fund''s substantial discount, Goldstein earns a seat on the board of directors. Now he and the board are faced with the decision of how best to "unlock value" in the fund by delivering Net Asset Value (NAV) to shareholders. The case, which provides rich detail on the workings of closed-end funds (CEFs), invites students to examine the trade-offs among liquidating the fund, converting it to an open-end fund, or carrying out a self-tender offer. It also raises topics of fund selection and investing in country-specific funds such as Mexico.
涵蓋領域:
Behavioral finance;Hedge funds;Investment management;Mergers and acquisitions
相關資料:
Case Teaching Note, (5-208-139), 20p, by Robin Greenwood
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