The large American corporation faces ever-rising pressure to pursue a purpose beyond shareholder profit. This rising pressure interacts with changes...
Few doubt that hedge fund activism has radically changed corporate governance in the United States -- for better or for worse. Proponents see...Read more
Index funds and indexed ETFs managed by the “Big Three” – BlackRock, Vanguard and State Street – have grown to be the largest investors in the...Read more
Hedge funds have become active in corporate governance. They push for changes in strategy and the adoption of specific business plans. Their...Read more
A new wave of financial regulation following the global financial crisis aims to curtail proprietary trading by systemically important financial...Read more
The intense and sustained presence of hedge fund activists in many industries and markets makes it likely that activism produces effects beyond...Read more
Mutual funds own approximately 30 percent of the U.S. equity market, and the Big Three fund families – Blackrock, Vanguard, and State Street – are...Read more
Over the past 20 years, hedge fund activism has become a powerful mechanism for influencing companies. Regulators, the business community, and the...Read more