News & Analysis as of

Activist Hedge Funds

Your Daily Dose of Financial News

by Robins Kaplan LLP on

Wells Fargo’s board not only issued a massive report on its fake account scandal yesterday. It also announced that the bank would claw back an additional $75 million from former CEO John Stumpf and former head of community...more

Activist Hot List: A Few to Watch For – 2016

by Latham & Watkins LLP on

Listed below are selected funds with a recent history of US shareholder activism that we expect will continue those activities in connection with the 2017 proxy season. Companies should note that these activists may not...more

Anticipating Activism: Implications for Your 2017 Annual Meeting of Stockholders

by Latham & Watkins LLP on

Activist investors often begin planning their campaigns as much as a year in advance of the annual meeting. This includes accumulating stock positions, coordinating with other hedge funds in so-called “wolf packs,” analyzing...more

Blog: Is A Proxy Contest Preferable To A Quick Settlement With Activists? Some Institutional Investors Think So

by Cooley LLP on

The obvious tension between the interests of long-term investors, such as institutional shareholders, and short-term investors, principally represented by hedge fund activists, has been the subject of much discussion of late....more

Financial Services Quarterly Report - Second Quarter 2016: What Fund Investors Should Know About US Bank Control Rules

by Dechert LLP on

Many private equity, hedge and mutual funds constantly have to confront the complex control rules that may impact even the smallest of investments in banks or bank holding companies (BHCs). The issue may be as simple as...more

Blog: Could Disclosure Avert A Decline In Investment In Human Capital?

by Cooley LLP on

Much attention has been paid to the decline in spending on R&D and capital investments attributed to short-termist myopia. Hedge fund activists have been impugned for pressuring companies to return capital to shareholders in...more

Blog: Board Gender Diversity? Hedge Fund Activists Fail Miserably But Women-Led Businesses Fare Better

by Cooley LLP on

As reported earlier this year on Bloomberg, when activists seek to replace directors at target companies, they rarely look to women. Bloomberg analyzed data regarding five of the biggest U.S. activist hedge funds, each...more

Your daily dose of financial news The Brief – 6.1.16

by Robins Kaplan LLP on

All of us are entitled to a change of heart. But when you’re one of the world’s most famous activist investors and the change involves a decent-sized stake in a drug maker (Allergan) that just 5 months ago was mixed up with a...more

Orrick Alert: Congressional Move May Significantly Affect Activist Strategies - Schedule 13D: Congressional Move May Significantly...

In March, a group of Democratic senators introduced legislation, currently sitting with the Committee on Banking, Housing and Urban Affairs, to tame the purported disclosure skullduggery of activist investors...more

Activist Funds Should Heed the Latest Enforcement of the HSR Act

by K&L Gates LLP on

The limits on an investor’s ability to acquire stock under the “investment-only” exemption to the HSR Act’s reporting requirements take center stage as the Antitrust Division of the U.S. Department of Justice (the “DOJ”)...more

Blog: Shareholder Proposals To Exclude The Impact Of Buybacks From Executive Comp Metrics — Will They Become A New Trend?

by Cooley LLP on

A recurring demand by hedge funds activists is that the target company return capital to its shareholders by buying back its own stock. Data compiled by S&P and Bloomberg shows that companies in the S&P 500 spent 95% of their...more

Blog: Will Institutional Holders Begin To Follow The Activist Playbook On Their Own Initiative?

by Cooley LLP on

To date, for the most part, when it comes to shareholder activism, the heavy lifting has been done by hedge fund activists. Now, as discussed in this NYT DealBook column, institutional shareholders may be stepping out on...more

Beneficial Ownership Reporting and the Brokaw Act

by Womble Bond Dickinson on

Recently, Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced legislation that, if enacted into law and implemented accordingly, would dramatically change the course of beneficial ownership reporting for purposes...more

Bill Targeting Activist Fund Tactics Introduced by Prominent Democratic Senators

On March 17, 2016, Sen. Baldwin and her co-sponsors, Sens. Merkley, Sanders and Warren, introduced S.2720, the Brokaw Act (the “Bill”) to target activist hedge funds and their tactics. In particular, it would amend Section 13...more

Your daily dose of financial news The Brief – 4.5.16

by Robins Kaplan LLP on

Big news from Big Mouse, as the former heir apparent to Bog Iger’s CEO chair—Thomas Staggs—is stepping down, throwing a wrench into Disney’s succession plans (which came under great scrutiny after a troublesome handoff to...more

Blog: Senate Bill Introduced To Reform 13D Reporting By Closing “Loophole” Exploited By Activist Hedge Funds

by Cooley LLP on

Soon after the Wausau Paper Company was targeted by a hedge fund activist in 2011, Wausau’s paper mill in Brokaw, Wisconsin was shuttered by the embattled company. The mill had been established at the end of the 19th century...more

Brokaw Act to Increase Transparency of Activist Hedge Funds

U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced legislation to increase transparency and strengthen oversight of activist hedge funds. According to the bill’s authors, the Brokaw Act is named for a small...more

Blog: PWC 2015 Board Survey Reveals Increasing Levels Of Shareholder Communications And Proactive Steps To Deter Hedge Fund...

by Cooley LLP on

As expected, the level of director communications with institutional shareholders has increased from 2012, up from 62% to 69%. More significant perhaps is the change occurring in the breadth of topics that directors are now...more

Anticipating Activism: Implications for Your 2016 Annual Meeting of Stockholders

by Latham & Watkins LLP on

Activist investors often begin planning their campaigns as much as a year in advance of the annual meeting. This includes accumulating stock positions, coordinating with other hedge funds in so-called “wolf packs,” analyzing...more

Blog: Executive Compensation — A Trigger For Hedge Fund Activism?

by Cooley LLP on

Is executive pay becoming a hot button issue for activist hedge funds? While executive pay has long been under scrutiny from standard-issue corporate governance activists, such as union pension funds, the interest of some...more

Blog: Will Congress Shorten The 10-Day Window Applicable To Filing Schedule 13D?

by Cooley LLP on

Several public watchdog organizations have sent a letter to the leaders of two congressional committees urging that Congress take action to shorten the 10-day filing period applicable to Schedule 13D....more

Hushmail: Are Activist Hedge Funds Breaking Bad?

by Latham & Watkins LLP on

Increasingly, some activist hedge funds are looking to sell their stock positions back to target companies. How should the board respond to hushmail? The Rise and Fall of Greenmail - During the heyday of...more

22 Results
|
View per page
Page: of 1
Cybersecurity

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.