The management of The Korea Fund, Inc. narrowly avoided a coup by investors in a recent shareholders meeting, but aggravated investors succeeded in electing two candidates to the fund's board of directors.

A mandate to fire the fund's advisor failed to garner the necessary support. However, the measure succeeded in sending a loud wake-up call to senior management who can no longer ignore shareholder demands.

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.