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Saba Capital Management, a $1.7 billion hedge fund run by Boaz Weinstein, has sued BlackRock Inc., BLK 1.63% arguing the world’s largest asset manager has moved to block outsiders from gaining board seats at three of its funds and effecting change.
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Index Funds May be Able to Vote 41% of S&P 500 Shares in the Future | Corporate & Securities Law Blog - JDSupra
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Research by Lucian A. Bebchuk, Harvard Law School, and Scott Hirst, Boston University School of Law, indicates three key index fund advisors could cast 34% of votes in the next decade at S&P 500 companies, and about 41% of votes at S&P 500 companies in two decades.