Peter Hoglund
About Peter Hoglund
Peter K. Hoglund serves as Treasurer of Royce Global Trust, Inc. (RGT) and is Chief Financial Officer, Chief Administrative Officer, and a Managing Director of Royce Investment Partners; he has held the RGT Treasurer role since 2015 and joined Royce in December 2014 . He is 59 years old and previously spent more than 20 years at Munder Capital Management as Managing Director and Chief Financial Officer overseeing all financial aspects of the firm . As of the most recent proxy record dates, he reported no beneficial ownership in RGT stock . For context on performance during his tenure, RGT’s average annual total returns as of 9/30/25 were: NAV 10-year 10.20%, 5-year 9.18%, 3-year 20.40%, 1-year 16.93%, and YTD 19.76; market returns were 10-year 10.77%, 5-year 8.55%, 3-year 20.24%, 1-year 16.56%, and YTD 20.78 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Royce Investment Partners | Chief Financial Officer; Chief Administrative Officer; Managing Director | 2014–present | Senior finance leadership; oversight of firm’s financial aspects |
| Royce Global Trust, Inc. | Treasurer | 2015–present | Fund officer elected annually; serves at pleasure of the Board |
| Munder Capital Management | Managing Director & Chief Financial Officer | 20+ years | Oversaw all financial aspects of the firm |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | None disclosed in RGT’s 2024–2025 proxies | — | Officer listings for Hoglund do not include external public company boards |
Fixed Compensation
- Officer compensation for RGT’s fund officers (including the Treasurer) is not disclosed in the proxy; the document provides only Independent Director compensation schedules .
- The Board does not have a standing compensation committee; Independent Directors review their compensation annually .
Performance Compensation
- No disclosures of bonus targets, PSUs/RSUs, option grants, performance metrics, vesting schedules, clawbacks, or change-of-control economics for fund officers in RGT’s proxy materials .
Equity Ownership & Alignment
| Metric | 2024 (Record Date: 7/26/2024) | 2025 (Record Date: 8/5/2025) |
|---|---|---|
| Shares beneficially owned | None | None |
| Shares outstanding | 6,361,220 | 6,519,010 |
| Ownership as % of shares outstanding | 0.00% (None vs. 6,361,220) | 0.00% (None vs. 6,519,010) |
- Section 16(a) compliance: The Fund believes all officers and Directors complied with ownership filing requirements in the most recent fiscal years .
Employment Terms
| Term | Disclosure |
|---|---|
| Office | Treasurer of RGT |
| Officer of Fund Since | 2015 |
| Election/Term | Officers are elected each year by the Board and serve at the pleasure of the Board |
| Contract term, non-compete, non-solicit, garden leave, severance, change-of-control | Not disclosed in RGT proxy materials |
Performance & Track Record (Fund Context)
| Metric | 10-Year | 5-Year | 3-Year | 1-Year | Year-to-Date (YTD) |
|---|---|---|---|---|---|
| RGT Average Annual Total Return (NAV) | 10.20% | 9.18% | 20.40% | 16.93% | 19.76% |
| RGT Average Annual Total Return (Market) | 10.77% | 8.55% | 20.24% | 16.56% | 20.78% |
| Closing Prices (as of 9/30/25) | NAV $15.03 | — | — | — | Market $12.95 |
Compensation Structure Analysis
- RGT discloses Independent Director pay and committee fees but does not disclose officer compensation, equity grants, or performance metrics for fund officers; this creates a material gap for pay-for-performance evaluation of Hoglund .
- The Board’s structure (no standing compensation committee; independent directors review their compensation) further indicates that detailed executive incentive design at the fund level is not a feature of RGT’s governance; officer pay is likely determined by the adviser (Royce), which is not disclosed in RGT’s proxy .
Risk Indicators & Red Flags
- Hedging/pledging: No pledging or hedging disclosures for Hoglund in the proxy .
- Insider selling pressure: No Form 4 details are provided in the proxy; however, the Fund believes Section 16 filings were compliant in the most recent fiscal years .
- Governance litigation context (fund-level): Control Share Acquisition Act litigation and appellate posture are disclosed (fund-level matter), not specific to Hoglund .
Investment Implications
- Alignment: Hoglund reported no personal RGT share ownership at both 2024 and 2025 record dates, limiting direct equity alignment with shareholders at the fund level .
- Incentives transparency: The absence of disclosed officer compensation and performance incentive structures in RGT’s proxy constrains pay-for-performance and vesting pressure analysis; director-level compensation is disclosed but not officer-level .
- Role profile: As Treasurer (administrative finance role) elected annually and serving at the pleasure of the Board, Hoglund’s day-to-day duties are primarily operational/financial rather than portfolio management; Section 16 compliance indicates filings are up-to-date, but there is no visibility into transaction patterns for trading signals within the proxy .
- Fund context: RGT’s long-term and recent returns as of 9/30/25 are solid at both NAV and market, but without officer incentive disclosures, it is not possible to tie Hoglund’s compensation outcomes to fund TSR or financial metrics .