Sentences with phrase «activist hedge funds»

Andrew Shapiro is founder, president and portfolio manager of Lawndale Capital Management, an RIA based in Mill Valley, Calif., that manages activist hedge funds focused on small and micro-cap companies.

This issue of Barron's carries a brief article on activist hedge funds and makes mention of activist Jeff Ubben and his firm ValueAct Capital, which is regarded as one of the elite activist funds b...

This issue of Barron's carries a brief article on activist hedge funds and makes mention of activist Jeff Ubben and his firm ValueAct Capital, which is regarded as one of the elite activist funds because it has averaged gains of 144 percent in companies where they filed 13D forms.

An opportunity exists to front run participants in the market for corporate control — strategic acquirers, private equity firms, and activist hedge funds — and capture the control premium paid for acquired corporations.

A study of 888 campaigns mounted by activist hedge funds between 2001 and 2005 finds that the typical target companies are small to mid cap companies, have above average market liquidity, trade at low price to book value ratios, are profitable with solid cash flows and pay their CEOs more than other companies in their peer group.

US: Well, obviously this is the home of shareholder activism — there are far too many activist hedge funds to list!

«In a minority of cases, activist hedge funds may bring some lasting value for shareholders but largely at the expense of workers and bond holders; thus the impact of activist hedge funds appears to take the form of wealth transfer rather than wealth creation.»

Also, the initial gains of certain companies that acted on activists» push for change have attracted more investor money into activist hedge funds.

Activist hedge funds had targeted Forest City, saying its stock was undervalued, and blaming its New York arm for significant losses, including on Pacific Park.

Fiat Chrysler Automobiles NV (NYSE: FCAU) is recruiting activist hedge funds to take a stake in General Motors Company (NYSE: GM) and prod GM into a merger, according to a Wall Street Journalreport.

The decades - long conflict that is currently raging over short - termism and activist hedge funds strikes me as analogous to the Thirty Years» War of the 17th Century, albeit fought with statistics («empirical evidence»), op - eds and journal articles rather than cannon, pike and sword.

Activist hedge funds have substantially better incentives than managers of index funds or active mutual funds, but their activities do not provide a complete solution for the agency problems of institutional investors.

«Despite the continued support of attacks by activist hedge funds by the Chair of the SEC, and many «Chicago school» academics who continue to rely on discredited statistics, there is growing recognition by institutional investors and prominent «new school» economists of the threat to corporations and their shareholders and to the economy of these attacks -LSB-...]

5 The least the banks could do would be to leave some poorly governed shareholder - unfriendly companies for activist hedge funds to play with.

This DealBook article about the new alliances between activist hedge funds and long - only institutional shareholders is full of enjoyable oddities; here is my favorite part:

Previously, it had attracted investments from activist hedge funds Starboard Value and Corvex Management.

Update: The story has been updated to reflect that Ellen Kullman, the former CEO of DuPont, did not comment directly on the DuPont - Dow merger, but was talking generally about activist hedge funds, and deals in which they have been involved.

But in the insular world of activist hedge funds, Elliott appears to have a reputation for particularly hardball tactics, several sources say.

So when some 15 years later — as a portfolio manager at one of the most influential activist hedge funds — Cohn launched a hostile bid to acquire Novell, he mentioned the accolade in his letter to the board.

Activist hedge funds rarely disclose reasons behind their strategy.

And large companies are not ready to deal with activist hedge funds.

Activist hedge funds are launching more campaigns against larger companies this year, according to ActivistMonitor, a division of research firm Acuris.

April 15 - A unit of U.S. activist hedge fund Elliott Management said it now held the largest stake in Whitbread Plc, making it the second activist in recent months to draw attention to Britain's biggest hotel and coffee - shop operator.

Newell, a U.S. consumer products maker, ended a proxy fight with activist hedge fund Starboard Value LP last month, with the...

The activist hedge fund manager and Carl Icahn protege is bullish on telecom provider CenturyLink (ctl) ahead of its acquisition of Level 3 Communications (lvlt).

In June 2010, it sold a 10 % stake directly to Toronto activist hedge fund, West Face Capital Inc., notorious for cracking the whip on troubled companies.

Activist hedge fund investor and recent Valeant Pharmaceuticals (vrx) board appointee Bill Ackman on Wednesday slammed the company's steep drug price hikes in testimony before the U.S. Senate Special Committee on Aging, going so far as to say the cost bumps «contributed to healthcare inflation and called into question the company's commitment to the patients it serves.»

The sometimes - activist hedge fund, founded by billionaire Barry Rosenstein, also said it owns about 593,000 shares of Sprouts, which earlier this year held preliminary talks to be taken private by Cerberus Capital Management and merged with its Albertsons Cos. brand, people familiar with the matter said at the time.

The activist hedge fund had been pressuring the grocery chain to make major changes in its management or find a buyer.

Activist hedge fund Elliott, which had resisted Qualcomm's previous $ 110 per share offer saying it undervalued NXP, said it was pleased that NXP's value had been recognized in the revised transaction terms.

Activist hedge fund Marcato Capital Management, which had put pressure on the company to pursue strategies to boost its stock price, said it would vote for the deal.

The bid was raised after the company was pressured by shareholders led by activist hedge fund Elliott Management.

SEOUL, April 4 - Elliott Advisors Limited, an arm of the activist hedge fund, said on Wednesday that it holds more than $ 1 billion of shares in South Korea's Hyundai Mobis, Hyundai Motor and Kia Motors.

SEOUL, April 23 - U.S. activist hedge fund Elliott Management dismissed Hyundai Motor Group's restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members.

Rival mall owner Macerich currently is under pressure from activist hedge fund Third Point Management to explore options including a sale.

COPENHAGEN / LONDON, Dec 13 - Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority stakes in both firms.

Shares of Travelport Worldwide soared 17 percent on Monday after a report said activist hedge fund Elliott Associates is in talks to make a bid for the company.

Activist hedge fund scoops up shares of Tenet Healthcare.

Activist hedge fund group Camber Capital Management has taken a 5.7 % stake in hospital chain Tenet Healthcare, which has been losing money amid declining patient admissions.

Activist hedge fund ValueAct has taken a $ 750 million investment in KKR; the firm believes KKR's stock is worth twice its current level.

The Sunnyvale, Calif. - based company started exploring a sale of the assets after coming under pressure from activist hedge fund Starboard Value LP.

At the same time, Elliott's assets have nearly doubled to roughly $ 39 billion, including $ 5 billion it raised in a 23 - hour span in May, making it more than twice the size of the second - biggest activist hedge fund, Dan Loeb's Third Point.

April 15 (Reuters)- A unit of U.S. activist hedge fund Elliott Management said it now held the largest stake in Whitbread Plc, making it the second activist in recent months to draw attention to Britain's biggest hotel and coffee - shop operator.

In the summer of 2015, the activist hedge fund founded by Paul Singer had gone to war in the Republic of Samsung to stop the South Korean conglomerate from going through with what Singer considered to be an unfair deal.

Activist hedge fund manager Nelson Peltz — who took a large stake in DuPont back in 2013 and fought an unsuccessful proxy battle with the company in 2015 — was also pushing for the company to do a deal.

How shareholders will vote — either with DuPont or its rival, activist hedge fund Trian Fund Management — will come down to how well they believe DuPont has performed under Kullman, who got the job at the start of 2009.

For Dow's Andrew Liveris, a merger could help fend off renewed attacks by activist hedge fund Third Point.

Activist hedge fund Third Point, which owns about 6 % of Yahoo's stock, pointed out that Thompson did not have a computer science degree, as many had thought, but a mere accounting degree.

Charles Penner, who is a partner and chief legal officer at activist hedge fund Jana Partners, balked at the idea.

Yahoo said Monday it will buy 40 million of its shares owned by activist hedge fund trader Daniel Loeb's Third Point for $ 29.11 a share, Friday's closing price, and that he and two other Yahoo directors nominated by Third Point have resigned.