Phil Goldstein: The Bulldog's passion for value investing

Phil Goldstein is co-founder and principal of Bulldog Investors, a well-known value investing group of funds that uses activist investing practices to unlock intrinsic value in publicly traded equity and debt securities.

Before his career as an investment manager he worked for the city of New York as an engineer for 25 years. Value investing remained a private passion for Phil until a chance meeting with Steve Samuels, where at a conference they discussed their mutual passion for closed-end funds. Unlike Phil, Steve was an investment professional who had started his own brokerage, Samuels Chase. Realizing the benefits of a business partnership, the two formed Bulldog Investors in December, 1992.

Bulldog Investors’ flagship fund, Opportunity Partners, has become a consistent alpha generator, returning 5-6% gains per annum above the S&P over the 18 year life of the fund. In 2001 Andy Dakos came on board as a principal of Bulldog to help expand their focus to asset classes outside of closed-end funds.

In this Opalesque TV interview, we sit down with Phil Goldstein and Andy Dakos, fellow principal of Bulldog Investors, to discuss the roots of the Bulldog.

Learn about:
• Phil Goldstein: Transition from civil engineer to legendary “value investor”
• Foundation of Bulldog Investors
• How do you define yourselves as “activist investors”?
• To what extent can activist investors act as “catalysts” to help unlock value in an asset?

More episodes of OpalesqueTV

Featured episodes in News & Politics

OpalesqueTV

OpalesqueTV's "Legends and Leaders" video interview series was launched November 18th 2009 with in depth portraits of Julian Robertson and Izzy Englander. We zoom in on hedge fund titan Julian Robertson who shares his secrets about “How to identify hedge fund talent”. Robertson, now also recognized as the "world's greatest seeder", has a long history of supporting young talents and upcoming hedge fund managers. The video includes the list of all 38 "Tiger seeds" (confirmed by Tiger Management) – funds set up with the help and financial support of Julian Robertson. OpalesqueTV releases one video per week. Prominent hedge fund managers, hedge fund investors and academics from all continents have been featured in OpalesqueTV. OpalesqueTV is watched in literally all countries on the globe (except Bolivia, Somalia and Turkmenistan, according to a recent analysis...). Register here to receive a weekly email alert when OpalesqueTV releases a new video.