Jan 13 2006 | 8:41pm ET
Shareholder activism, especially from hedge funds, gained momentum in 2005 and shows no signs of slowing down any time soon. Beth Young, a senior research associate at Institutional Shareholder Services, a leader advisor on proxy voting and corporate governance, believes that what makes hedge fund shareholder activists different from traditional shareholder activists is a combination of the tactics they employ and their demands.
"What is noteworthy is they are using more aggressive tactics and are engaging companies around broader issues," she said, explaining hedge funds are much more "company specific" rather than issue specific in their goals. For example, a hedge fund may push for a company to spin-off part of its business or to oust its chief executive, rather than a more generic demand such as calling for improved corporate governance.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…