Fund Proxy Intel: Trends in Closed-End Fund Activism: Resetting the Baseline in 2022-2023
Morrow Sodali Fund Solutions presents the latest iteration of Fund Proxy Intel.
Since the last time Morrow Sodali Fund Solutions (MSFS) published an overview of quantitative trends in closed-end fund (CEF) activism in early 2022, the market has continued to evolve. Both the number and type of activist challenges have changed over the last two years.
Our in-depth analysis focuses on quantitative changes over the past two years but also acknowledges additional qualitative shifts in the CEF market that challenge operating models and constrain managers and boards.
Since the last time Morrow Sodali Fund Solutions (MSFS) published an overview of quantitative trends in closed-end fund (CEF) activism in early 2022, the market has continued to evolve. Both the number and type of activist challenges have changed over the last two years.
Our in-depth analysis focuses on quantitative changes over the past two years but also acknowledges additional qualitative shifts in the CEF market that challenge operating models and constrain managers and boards.