Aug 31, 1997

Reverse Angle

By Staff Writers

Is there any scope for making fund managers more accountable to their investors?

As shareholders go, Kevin is not the type that you might call an activist. But where the activists lead, he is keen to follow. He manages a moderately-sized fund for a large financial institution. His successes, such as they are, are achieved by spotting companies that are capable of being turned around and hoping that other shareholders will put forward the shareholder resolutions and start the proxy fights which will bring about the desired transformation in fortunes. I ran across him in the lobby