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词条 Phillip Goldstein (investor)
释义

  1. Early life and education

  2. Career

  3. Board seats

  4. References

{{Infobox person
| name = Phillip Goldstein
| caption = Investor, hedge fund manager, and former civil engineer
| Nationality = American
| alma_mater = University of Southern CaliforniaCity College of New York
| birth_place = Brooklyn, New York
| occupation = Co-founder and partner, Bulldog Investors
| Place of residence = Pleasantville, New York
}}Phillip "Phil" Goldstein is an American investor, former civil engineer, and manager of the hedge fund Bulldog Investors, known for its value-driven investment strategy, its activist investment campaigns and its focus on closed-end mutual funds.[1]

Early life and education

Goldstein was born in Brooklyn, New York in 1945.[1] He decided as a child that he wanted to become an engineer, when his patriotism was inspired by the launch of the Sputnik.[1] He attended the University of Southern California, earning a Bachelor of Science in Engineering in 1966.[2] He then returned to the East Coast to pursue a master's degree in engineering from the City College of New York, which he completed in 1968.[2]

Career

Goldstein spent the first 25 years of his career as a civil engineer for the City of New York, working on projects such as the maintenance and improvement of the Brooklyn Bridge's roadway.[2] In the 1970s he also used his proficiency with math in the game of blackjack, and even considered a career as a professional gambler until he came across a book, "How the Experts Beat the Market," by Thomas C. Noddings. In the book, Noddings, also a former engineer, explains how a mathematically inclined investor can uncover and profit from various market inefficiencies.[1]

Over time, this approach led Goldstein to employ the principal of value investing with a particular emphasis on closed-end funds, in his personal investing.[1] In 1989, he met former Dean Witter associate Steven Samuels at a conference on closed-end funds. Samuels introduced Goldstein to some potential investment clients, and in 1992 the two started Bulldog Investors with $700,000.[3] Andrew Dakos and Rajeev Das later joined as partners.[1]

By 1996, Goldstein and his partners decided to take a more activist approach to some of the fund's investing,[4] with a particular emphasis on liquidity events such as asset sales.[3]

In 2009, Goldstein and Bulldog Investors ran a proxy contest to elect a new board of directors to Insured Municipal Income Fund,[5] and later renamed it Special Opportunities Fund (NYSE: SPE). Special Opportunities Fund is now managed by Bulldog Investors, along with a group of private funds.[6]

Goldstein and Bulldog Investors remain value-centric, employing a variety of value-oriented investing strategies, and regularly investing in closed-end mutual funds when there is a significant gap between the fund's market value and its net asset value (NAV), or liquidation value.[4] Oftentimes the strategy then includes converting the fund to an open-ended one, or simply liquidating the funds' assets and returning them to shareholders.[7]

Board seats

Goldstein is a member of the board of directors of Imperial Holdings ({{NYSE|IFT}}), the Mexico Equity and Income Fund ({{NYSE|MXE}}), ASA Ltd. ({{NYSE|ASA}}), the Special Opportunities Fund ({{NYSE|SPE}}) and MVC Capital ({{NYSE|MVC}}).[8]

References

1. ^{{cite news |title= The man who beat the SEC |url= http://money.cnn.com/2008/06/06/magazines/fortune/Man_who_beat_SEC_Demos.fortune/ |work= CNNMoney |date= June 18, 2008 |deadurl= yes |archiveurl= https://web.archive.org/web/20131018044807/http://money.cnn.com/2008/06/06/magazines/fortune/Man_who_beat_SEC_Demos.fortune/ |archivedate= October 18, 2013 |df= }}
2. ^{{cite web |title= Forbes panelist bio - Phillip Goldstein |url=https://www.forbes.com/2008/12/08/intelligent-investing-panel-bio-phillip-goldstein-1210.html}}
3. ^{{cite news |title= Phil Goldstein of Bulldog Investors on Activist Investing: Interview|url=http://www.marketfolly.com/2011/01/phil-goldstein-of-bulldog-investors-on.html |work= Market Folly |date= January 26, 2011}}
4. ^{{cite news |title= Investing With The Alpha Bulldog - An Interview With Hedge Fund Activist Phillip Goldstein Of Bulldog Investors |url=http://seekingalpha.com/article/1496452-investing-with-the-alpha-bulldog-an-interview-with-hedge-fund-activist-phillip-goldstein-of-bulldog-investors |work= Seeking Alpha |date= June 12, 2013}}
5. ^{{cite news |title= Why You Should Keep an Eye on the Special Opportunities Fund |url=http://seekingalpha.com/article/206031-why-you-should-keep-an-eye-on-the-special-opportunities-fund |work= Seeking Alpha |date= May 20, 2010}}
6. ^{{cite news |title= Bulldog Investors Seeks Removal of Kevin Landis as Manager of Firsthand Technology Value Fund |url=http://www.fool.com/investing/businesswire/2013/05/29/bulldog-investors-seeks-removal-of-kevin-landis-as.aspx |work= The Motley Fool |date= May 29, 2013}}
7. ^{{cite news |title= THE SHAKERS: 9 Badass Activist Investors And The Deals That Made Them Famous |url=http://www.businessinsider.com/the-shakers-9-bad-ass-activist-investors-and-the-deals-that-made-them-famous-2012-1?op=1 |work= Business Insider |date= January 25, 2012}}
8. ^{{cite web |title= SEC 14A: Election of Trustees |url=http://www.zoominfo.com/CachedPage/?archive_id=0&page_id=6735544701&page_url=//www.sec.gov/Archives/edgar/data/799195/0001504304-13-000004.txt&page_last_updated=2013-07-10T09:19:40&firstName=Phillip&lastName=Goldstein }}
{{DEFAULTSORT:Goldstein, Phillip}}

5 : 1945 births|Living people|American hedge fund managers|USC Viterbi School of Engineering alumni|City College of New York alumni

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