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Aug 31, 2003

Our mutual friend

The mutual fund industry's mandate to open the ballot box

Back in January the SEC voted to adopt rule amendments that will finally pull back the curtains on the secretive proxy voting of mutual funds. Despite much protest from the mutual fund industry, around this time next year mutual funds will have to comply and start opening up their votes to scrutiny. Now the next big question is what is really going to happen when they do?While any answer is conjecture, many in the investment community are willing to share their predictions, fears and hopes

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