Skip to Main Content
Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World
book

Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World

by Ronald D. Orol
October 2007
Intermediate to advanced content levelIntermediate to advanced
398 pages
10h 47m
English
Wiley
Content preview from Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World

Preface

Almost every day now, this feisty group of investors are making themselves known to the chieftains of industry. In a one-year period, The Home Depot, General Motors, McDonald Motorola, Wendy's, and H. J. Heinz, as well as Volvo and the London Stock Exc h ange, have all become their targets.

I'm talking about activist hedge fund managers. This book tells the story of how these rebellious investors are shaking things up in the corporate world. In fact, they are prodding, pushing, agitating, and getting things done to improve the share value of large, small, and midsized corporations in the United States and around the globe. Chief Executive Officers (CEOs) are stepping down, boards are being shuffled, units are sold off, and there are multibillion-dollar mergers and acquisitions galore—all because of these pestering activist shareholders.

Unlike most other investment professionals, activist investors believe some companies are operating either at subpar levels or in consolidating industries. They buy large equity stakes, often spending millions of dollars to do so, and approach executives at these businesses to find ways to improve shareholder value. If discussions don't go well, activists will step up their efforts to stimulate change at corporations.

But their influence goes beyond each individual company they provoke into making changes. These investors are having a broader impact. Billion-dollar deals are not only being forged in large part because of activists, they ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Profiting from Hedge Funds: Winning Strategies for the Little Guy

Profiting from Hedge Funds: Winning Strategies for the Little Guy

John Konnayil Vincent

Publisher Resources

ISBN: 9780470128008Purchase book