It’s Mutual Fund v. Goldstein In Reversal For Bulldog Manager

Nov 14 2006 | 10:34am ET

Arguably the most famous plaintiff in hedge fund history now finds himself as the defendant.

Phillip Goldstein—the Goldstein in Goldstein v. SEC, the case that killed the Securities and Exchange Commission’s hedge fund registration requirement—and his Saddle Brook, N.J.-based hedge fund, Bulldog Investors, are being sued by a closed-end mutual fund that claims the hedge fund owns too many of its shares.

The RMR Hospitality and Real Estate Fund said Bulldog has reportedly acquired about 14% of its outstanding shares, in contravention of a rule restricting ownership to 9.8%. The Newton, Mass.-based fund said that Bulldog has refused to comply with repeated requests that it abide by the share ownership limit, and other requirements, of RMR’s trust agreement.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...