(Annual Review of Financial Economics, 2015-12)Hedge fund activism has emerged as a major force of corporate governance since the 2000s. By the mid-2000s, there were between 150–200 activist hedge funds in action each year, advocating for changes in 200–300 publicly ...
(Foundations and Trends in Finance, 2009-01-01)This monograph reviews shareholder activism by hedge funds. We first describe the nature and characteristics of hedge fund activism, including the objectives, tactics, and choices of target companies. We then analyze ...