NEW YORK, April 2 (Reuters) - Norges Bank Investment
Management, one of Walt Disney's ( DIS ) biggest investors, said
on Tuesday that it voted to re-elect the entertainment giant's
directors, dealing a blow to the hedge funds pushing for seats
on Disney's ( DIS ) board.
NBIM, which manages the Norwegian Government Pension Fund
and owned a 1.2% stake in Disney ( DIS ) at the end of last year, said
it voted for 11 of the company's 12 directors but withheld its
vote from Mark Parker, Disney's ( DIS ) board chairman.
It did not vote for any candidates proposed by hedge funds
Trian Fund Management or Blackwells Capital.