Hedge Fund Activism

Hedge Fund Activism
Title Hedge Fund Activism PDF eBook
Author Alon Brav
Publisher Now Publishers Inc
Total Pages 76
Release 2010
Genre Business & Economics
ISBN 1601983387

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Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.

Extreme Value Hedging

Extreme Value Hedging
Title Extreme Value Hedging PDF eBook
Author Ronald D. Orol
Publisher John Wiley & Sons
Total Pages 400
Release 2008-01-18
Genre Business & Economics
ISBN 0470198915

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Activist hedge fund managers represent a small part of the $1.5 trillion hedge fund industry, but their approach is causing a stir among traditional managers and the investment community because they are shaking up the corporate establishment and making money for their investors. These types of managers are here to stay and Extreme Value Hedging tells the story of their rise to power in the U.S. and how they are spreading their influential gospel around the globe to places like China, Ukraine, South Korea and Sweden. Author Ronald D. Orol has a unique understanding of this world and through this book he shares his unparalleled insights in an easy to comprehend manner. He discusses everything from activist investor efforts to breakup the clubby insider world of corporate boardrooms to their deal-making or breaking pressure tactics and courtroom battles. Orol skillfully makes his case for each subject by offering revelations and examples from insiders like Ralph Whitworth, (Relational Investors), Guy Wyser-Pratte, (Wyser-Pratte Management), Mark Schwarz, (Newcastle Capital Group LLC), Robert Chapman (Chapman Capital), Phillip Goldstein (Opportunity Partners), Jeffrey Ubben (ValueAct Capital), Jeffrey M. Solomon (Ramius Capital Group LLC), Michael Van Biema (Van Biema Value Partners), Eric Rosenfeld (Crescendo Partners), Lars Förberg (Cevian Capital) and Emanuel Pearlman (Liberation Investment Group), among many, many others.

The Oxford Handbook of Hedge Funds

The Oxford Handbook of Hedge Funds
Title The Oxford Handbook of Hedge Funds PDF eBook
Author Douglas Cumming
Publisher Oxford University Press
Total Pages 577
Release 2021
Genre Business & Economics
ISBN 0198840950

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This handbook provides a comprehensive look at the hedge fund industry from a global perspective.

Hedge Fund Activism in Japan

Hedge Fund Activism in Japan
Title Hedge Fund Activism in Japan PDF eBook
Author John Buchanan
Publisher Cambridge University Press
Total Pages 389
Release 2012-05-24
Genre Business & Economics
ISBN 1107379318

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Hedge fund activism is an expression of shareholder primacy, an idea that has come to dominate discussion of corporate governance theory and practice worldwide over the past two decades. This book provides a thorough examination of public and often confrontational hedge fund activism in Japan in the period between 2001 and the full onset of the global financial crisis in 2008. In Japan this shareholder-centric conception of the company espoused by activist hedge funds clashed with the alternative Japanese conception of the company as an enduring organisation or a 'community'. By analysing this clash, the book derives a fresh view of the practices underpinning corporate governance in Japan and offers suggestions regarding the validity of the shareholder primacy ideas currently at the heart of US and UK beliefs about the purpose of the firm.

Institutional Investor Activism

Institutional Investor Activism
Title Institutional Investor Activism PDF eBook
Author William W. Bratton
Publisher Oxford University Press, USA
Total Pages 817
Release 2015
Genre Business & Economics
ISBN 0198723946

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Over the past two decades, activist investors have begun to play an increasingly important role in corporate governance around the world. This book analyses the impact of activists on the companies that they invest, the effects on shareholders and on activists funds themselves.

The Wolf at the Door

The Wolf at the Door
Title The Wolf at the Door PDF eBook
Author John C. Coffee
Publisher
Total Pages 108
Release 2016-02-10
Genre Corporate governance
ISBN 9781680830767

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The Wolf at the Door: The Impact of Hedge Fund Activism on Corporate Governance has three basic aims: to understand and explain the factors that have caused an explosion in hedge fund activism; to examine the impact of this activism; and to survey and evaluate possible legal interventions with an emphasis on the least restrictive alternative.

Shareholder Activism by Hedge Funds: Motivations and Market's Perceptions of Hedge Fund Interventions

Shareholder Activism by Hedge Funds: Motivations and Market's Perceptions of Hedge Fund Interventions
Title Shareholder Activism by Hedge Funds: Motivations and Market's Perceptions of Hedge Fund Interventions PDF eBook
Author Mihaela Butu
Publisher Diplomica Verlag
Total Pages 61
Release 2013
Genre Business & Economics
ISBN 3842889143

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In recent years, hedge funds' successful interventions in some large public companies have revealed their critical role in the corporate governance landscape in the United States and Europe. Due to public opinion, this new form of shareholder activism is accompanied by much polemic. This study examines the nature of hedge fund activism, the types of them, and the market’s perception of interventions in the United States. Starting with a distinction between shareholder activism by traditional institutions, and activism performed by hedge funds, the study elucidates why the latter may be more effective in monitoring management, and reduce agency costs. Analysing the Schedules 13D filed with the U.S. Securities and Exchange Commission, the study provides a classification of activists’ demands into ten distinct categories, arguing that hostile forms of activism are not central for hedge funds, and some more aggressive types of activism are possibly used as a negotiating tool to achieve the activist’s agenda. Using the event study methodology, the author estimates the stock returns around the announcement date. For a better understanding of hedge fund activism, and their demands on target companies, the reader will find two original Schedule 13D filings accompanied by letters to the management. Finally, the paper concludes on a view of the subject through the prism of the 2007/ 2008 financial crisis, outlining some trends in the aftermath of the financial market turmoil.