A proxy advisory firm has been compelled to do a 180-degree turn on its recommendations to shareholders of the $166 million Emerging Markets Infrastructure Fund, managed by Credit Suisse Asset Management.

The unusual reversal occurred because Institutional Shareholder Services of Rockville, Md. was unaware of a proxy battle being waged between Credit Suisse Asset Management and shareholder activist Philip Goldstein of Opportunity Partners of Pleasantville, N.Y.

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