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The New CEO Activist Hedge Fund Makes No Sense

With some fanfare, this month two corporate lifers left their white-shoe firms to start an activist hedge fund. That act alone, after careers serving CEOs and directors, would cause some head scratching. How they plan to succeed confuses us. 

 

We and other activists we talked to wish them well. If they can find a new way to reform stubborn directors and executives, and convert them into responsible, responsive stewards of investor capital, they will have more than our lasting gratitude. They will also raise billions for further investment in what would become a profitable equity strategy. 

 

We just can't see that happening. No activist investor that we know takes this very seriously. The reasons why, in a current blog post, should instruct all of us.

Recent TAI blog posts

 

Shareholder Enragement, Continued (1/22/15 email)

Does Marty Lipton Even Read the Stuff He Sends to Clients? (1/20/15) 

What Did An SEC Commissioner Just Do For Classified Boards? (1/13/15) 

Letter to New York Times writer Gretchen Morgenson on proxy access at Whole Foods (1/8/15)

What Did Whole Foods (and the SEC) Just Do to Proxy Access? (1/6/15)

You can find other useful resources at the TAI website, including our research on "Effective Activism, on the Cheap", our new resource guides on attorneys for activist investors and on activist investing data sourcesour white paper with the basics on activist investing, and our new guides on exempt solicitationconsent solicitation, and special shareholder meetings. 
For further information, please contact:
 
Michael R. Levin
[email protected]
847.830.1479