The Hedge Fund Law Report

The definitive source of actionable intelligence on hedge fund law and regulation

Articles By Topic

By Topic: Hedge Fund Activism

  • From Vol. 9 No.18 (May 5, 2016)

    Filing Obligations and Other Operational Considerations for Hedge Fund Managers Pursuing Activist Strategies (Part One of Two)

    Hedge fund managers are increasingly exploring activist strategies, pursuing campaigns against large companies. However, as recent cases (such as the DOJ lawsuit against ValueAct Capital and two of its funds) show, hedge fund managers following activist strategies must see to operational minutiae to maintain compliance with regulations, filing requirements and various exemptions therefrom. Davis Polk & Wardwell recently presented an overview of the trends, tactics and prospects for shareholder activism and engagement in the U.S., the U.K. and Hong Kong. This first article in a two-part series summarizes the panelists’ insights on the global market for activist investing, how companies should engage with activists and disclosure obligations of activist investors, including filing obligations under the Hart-Scott-Rodino Act. The second article in the series will discuss timing and settlement of activist campaigns, prospects for activism, trends in shareholder engagement and proxy access. For additional commentary from Davis Polk practitioners, see our two-part coverage of PLI’s “Hot Topics for Hedge Fund Managers” panel: “Cybersecurity and Swaps Regulation” (Nov. 5, 2015); and “Operational Due Diligence and Registered Alternative Funds” (Dec. 10, 2015).

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  • From Vol. 1 No.12 (May 20, 2008)

    Conference Board Governance Center Issues Report on Hedge Fund Activism

    Conference Board Governance Center’s Research Working Group on Hedge Fund Activism released a report outlining proposed recommendations for corporate directors, executives and investment professionals – various parties that might become involved in an activism campaign mounted by hedge funds.

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