Deutsche Bank's DWS Fund: Beyond the Ethical Edge [View article]
A perceptive piece to be sure. But it was heavy going.
Would hope that at some point you would accept a dircetor's chair. I think you could add a lot to the governance of a cef.
Your writings highlight how awkward the cef format is and why the etf format is far superior. If the discount is deep enough and the board takes its fiduciary responsibilities seriously then a cef can become a credible investment choice. At least a modest discount must always be carried in any cef to account for the problems you highlight.
DWS Real Estate Fund II: Expect Shareholders to Succeed with Liquidation at Full NAV [View article]
You have added some solid intel about publicly disclosed info that was not widely publicized. The fact that a majoriy of shares did cast ballots on the question of liquiidation of SRO should mean that it can be accomplished with another attempt .
As the would-be new manager was able to only garner 1/3 of the votes cast it may inspire a reconsideration of the likelhood of acquisition of the management contract and thus from my perch it looks like they'd bite on the next chance. It would would have been cheaper and certainly more effective for them to simply have bought the contracts from DWS. That may well be the route they'll follow in the future for other such situations. This time though all shareholders would seem likely to benefit with a second vote. that should pass.
The Curious Case of DWS Investments [View article]
I find it interesting that the Horjesi group has cited this article in their SEC filing regarding SRO & SRQ. Ithat will hopefully prompt a wider audience to read it.
SRO, SRQ Update: Becoming More Curious [View article]
Gwailo,
Glad to see your old fabled name resurface. The cef community of investors badly needs your expertise. The more you can comment the better.
if you could be involved in some sor of official capacity in any cef, your very prescence in some sort of capacity would make me more inclined to hold or invest and I suspect there are many others of similar inclination and would be many more if you stepped on to a wider stage.
Deutsche Bank's DWS Fund: Beyond the Ethical Edge [View article]
Would hope that at some point you would accept a dircetor's chair. I think you could add a lot to the governance of a cef.
Your writings highlight how awkward the cef format is and why the etf format is far superior. If the discount is deep enough and the board takes its fiduciary responsibilities seriously then a cef can become a credible investment choice. At least a modest discount must always be carried in any cef to account for the problems you highlight.
DWS Real Estate Fund II: Expect Shareholders to Succeed with Liquidation at Full NAV [View article]
As the would-be new manager was able to only garner 1/3 of the votes cast it may inspire a reconsideration of the likelhood of acquisition of the management contract and thus from my perch it looks like they'd bite on the next chance. It would would have been cheaper and certainly more effective for them to simply have bought the contracts from DWS. That may well be the route they'll follow in the future for other such situations. This time though all shareholders would seem likely to benefit with a second vote. that should pass.
The Curious Case of DWS Investments [View article]
SRO, SRQ Update: Becoming More Curious [View article]
Glad to see your old fabled name resurface. The cef community of investors badly needs your expertise. The more you can comment the better.
if you could be involved in some sor of official capacity in any cef, your very prescence in some sort of capacity would make me more inclined to hold or invest and I suspect there are many others of similar inclination and would be many more if you stepped on to a wider stage.
Let's here more