H Team Capital, LLC, a newly organized investment management firm based in Delaware, has filed for registration with the Securities and Exchange Commission to launch a corporate governance mutual fund.
The funds primary investment objective is to achieve capital appreciation by serving as a catalyst for positive change in companies where management and shareholder interests are not aligned, and by demanding greater management accountability. H Team Capital said this includes engaging in proxy contests to replace management or board members. The fund may also work with other shareholders or seek legal action in order to improve corporate governance.
A registration statement has been filed with the SEC but is still pending regulatory approval. The securities cannot be bought or sold prior to the time the registration statement becomes effective, the company said.