The World’s Most-Profitable Hedge Fund Is Now a Climate Radical – Bloomberg

The hedge fund industry has no shortage of aggressive, in-your-face players, but few are as tough as Chris Hohn. The British billionaire takes the typical playbook to new levels—scuttling deals, pushing to remove bosses, and battering companies with litigation and threats. One opponent was so peeved after losing a boardroom battle with Hohn that he…

Jeff Gramm on Shareholder Activists

VEA Vice Chair Nell Minow interviewed Jeff Gramm about his new book, Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism.  A slightly shorter version appears in the Huffington Post. In the interest of General Motors, you are going to have to stop treating me as a problem and accept me as –A large stockholder…

Activism’s Long Road From Corporate Raiding to Banner Year – WSJ

This year, returns for activist hedge funds averaged 3.4% through November, beating the hedge-fund average of 0.3% and the S&P 500’s 3% total return, according to industry research group HFR. Over the past five years, activist funds have returned an annual average of 8.2%, compared with the average hedge fund’s 3.2% return, HFR says.  …

U.S. Chamber Forms Coalition to Fend Off Activist Hedge Funds – Bloomberg Business

If the chamber’s coalition wants to “facilitate long-term value creation, they should support reforms that strengthen shareholder rights and oppose arrangements that insulate managements from shareholders,” said Lucian Bebchuk, a professor at Harvard Law School. via U.S. Chamber Forms Coalition to Fend Off Activist Hedge Funds – Bloomberg Business.