The Deal Quotes Jason Koenig on Relationship Between Index Funds and Activists
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For its article “Big Three Index Funds Shun Activists, For Now,” The Deal quoted Akin shareholder activism partner Jason Koenig. The article discusses the historical voting record of big three index funds with management slates as opposed to dissident director slates and contemplates whether the advent of the universal proxy card rules may give institutions more flexibility.
“Now that there are split slates with the universal proxy, and proxy advisers may be recommending split slates more often, you may start to see the big three investors vote for a subset of a dissident slate of candidates,” said Jason.
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