Wall Street is full of bull and bears. But there may soon be one less.
The board of directors of the Bull & Bear U.S. Government Securities Fund has asked shareholders to approve changing the name of the closed-end fund to the Bexil Corporation. The proposed name change was precipitated by the fund's announcement this past August that it would abandon its all-bond focus and change its investment strategy, shifting 35 percent of its assets into equity securities, according to a recently filed proxy statement. The fund is managed by Bull & Bear Advisers, a wholly-owned subsidiary of Bull & Bear Group in New York.