Ronald D. Orol

Extreme Value Hedging (eBook, PDF)

How Activist Hedge Fund Managers Are Taking on the World

• Format: PDF

Produktbeschreibung

Activist hedge fund managers represent a small part of the $1.5 trillion hedge fund industry, but their approach is causing a stir among traditional managers and the investment community because they are shaking up the corporate establishment and making money for their investors. These types of managers are here to stay and Extreme Value Hedging tells the story of their rise to power in the U.S. and how they are spreading their influential gospel around the globe to places like China, Ukraine, South Korea and Sweden. Author Ronald D. Orol has a unique understanding of this world and through this book he shares his unparalleled insights in an easy to comprehend manner. He discusses everything from activist investor efforts to breakup the clubby insider world of corporate boardrooms to their deal-making or breaking pressure tactics and courtroom battles. Orol skillfully makes his case for each subject by offering revelations and examples from insiders like Ralph Whitworth, (Relational Investors), Guy Wyser-Pratte, (Wyser-Pratte Management), Mark Schwarz, (Newcastle Capital Group LLC), Robert Chapman (Chapman Capital), Phillip Goldstein (Opportunity Partners), Jeffrey Ubben (ValueAct Capital), Jeffrey M. Solomon (Ramius Capital Group LLC), Michael Van Biema (Van Biema Value Partners), Eric Rosenfeld (Crescendo Partners), Lars Förberg (Cevian Capital) and Emanuel Pearlman (Liberation Investment Group), among many, many others.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 400
• Erscheinungstermin: 11. Oktober 2007
• Englisch
• ISBN-13: 9780470198919
• Artikelnr.: 37291303

Autorenporträt

RONALD D. OROL is a financial reporter for MarketWatch, where he reports on hedge funds, banking regulation, and also the Securities and Exchange Commission. Prior to MarketWatch, Orol spent seven years as a senior writer for The Deal and The Daily Deal, covering the activist hedge fund industry as well as other topics. He is also a commentator on BBC World Television, CNBC TV, CTV, and National Public Radio. In addition, Orol regularly organizes and moderates panels on hedge funds and banking regulation. Prior to his work at The Deal, he was a reporter with Dow Jones Newswires and the Washington correspondent at the Providence Journal. Before moving to Washington, Orol spent three years as a business and finance reporter for the Prague Post in the Czech Republic. While in Prague, he also reported for Southam Newspapers, the Montreal Gazette, and the Toronto Star on Eastern European privatization and the political transformation of the region. Orol earned his bachelor of journalism honors degree from Carleton University in Ottawa, and received a business and economics journalism master's degree from Boston University, where he graduated with distinction.

Inhaltsangabe

Preface. Acknowledgments. Introduction. Part One: From Raiders to Activists
and Everything in Between. Chapter 1: Growth of Activism and Why Corporate
Raiders Aren't Around Anymore. Chapter 2: Nuts and Bolts: How Activists
Became Who They Are Today. Chapter 3: The Pack: How Activists Are Working
Together (But Not Officially). Chapter 4: How Activists Use Litigation to
Pursue Their Agenda. Chapter 5: Why Activists Target Certain Corporations
and Leave Others Alone. Chapter 6: Overperked and Overpaid: The Impact of
Activists on Executive Compensation. Chapter 7: Hedge Specialization: Good
or Bad? Chapter 8: Regulation and Activists: How the Securities and
Exchange Commission Helps (or Hurts) Activists. Part Two: Institutional
Investors and Activists. Chapter 9: Institutional Investors on Activist
Hedge Funds: Love'em or Hate'em? Chapter 10: Activists Taking on Large
Corporations Must Have Institutional Support. Chapter 11: Institutions and
Activist Hedge Funds: Breaking Up Deals Together Around the World. Chapter
12: Just Vote No and No and No Again. Chapter 13: Institutions Changing
Corporate Bylaws so Activist Hedge Funds Can Get Down to Business. Chapter
14: Can't Be Them? Then Fund Them. Chapter 15: Institutions Behaving Like
Activist Hedge Fund Managers. Part Three: Activism 2.0. Chapter 16:
Technology, Communications, and Activists: Gary Lutin, Eric Jackson, and
Anne Faulk. Chapter 17: When Is an Activist Fund Really a Private Equity
Fund, and What's the Difference? Chapter 18: Funds of Hedge Funds Stake Out
Activists. Chapter 19: Distressed Investing: How Activist Managers Buy Debt
and Provoke Companies. Chapter 20: Hedge Activists in Western Europe, Asia,
and Canada. Chapter 21: East Meets West: Hedge Activism Goes Global to
Emerging Markets. Chapter 22: Value Investing versus Activism: Which One Is
Better? Conclusion: Saturation or No Saturation? Notes. About the Author.
Index.