Word: templetone
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...said the China World Fund and the Dragon Fund are trading at excessively low prices and that Templeton is not doing enough to raise the fund’s value, which have gained 33 and 24 percent over the past year, respectively...
...Templeton and the funds’ boards of directors have done remarkably little over the years to enhance shareholder value,” HMC said in a press release...
...Templeton said they have managed the funds well and that Harvard is seeking short-term profit that might hurt other investors...
...They’re looking out for the best interests of Harvard in terms of trying to gain short-term profit, and we believe that that is going to be to the detriment of our long-term shareholders,” said Templeton spokesperson Lisa Gallegos...
...Templeton suggested in the complaint that Harvard’s alleged desire for short-term profit was at least in part motivated by the bonuses paid to HMC managers, including Vice President for Emerging Markets Steven Alperin, who was named as a co-defendant in the suit...