Hedge funds lose board bid at Macquarie infra fund
Lim Advisors and Metage fail to gain board representation after Macquarie International Infrastructure Fund shareholders vote against a trio of nominees.
Macquarie International Infrastructure Fund (MIIF) shareholders have voted against a proposal by hedge funds Lim Advisors and Metage Capital to add three nominees to the Singapore-listed fund's board.
About 260 shareholders attended the special general meeting (SGM) in Singapore on Wednesday to participate in a poll vote, while stakeholders representing about 550 million votes participated via proxy.
Some 60% of total shareholder votes were against the appointment of the three b…
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