Philip Goldstein, closed-end fund activist and principal of Opportunity Partners, a private investment partnership of Pleasantville, N.Y., said he wants to tone down a proxy he filed late last month in which he implies that members of a Dresdner fund board are too old and too rich to represent shareholder interests.

Two days after filing the critical proxy, Goldstein said he has had a change of heart regarding the filing pertaining to the $90 million Dresdner RCM Global Strategic Income Fund. The fund is managed by Dresdner RCM Global Investors of San Francisco.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.