Thu, Nov 26, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Shareholder activism in Canada is on the rise

Wednesday, October 10, 2012

From Komfie Manalo, Opalesque Asia:

Investors activism is rising in Canada, reversing the traditional practice of allowing poorly managed corporations to go about their business without getting any criticism, claimed Veronika Hirsch, CIO at BluMont Capital, a subsidiary of Integrated Asset Management, during the recent Opalesque Canada Roundtable.

"Historically, Canadian investors have been very complacent about the quality of corporate management," Hirsch told the participants. "Companies have been poorly managed for decades without any criticism or repercussions, eventually falling prey to a global acquirer when valuations became depressed enough. Things have started to change, to a large extent because of U.S.-based activist hedge funds getting involved in efforts to surface value from underperforming assets of poorly managed companies. We have recently seen several management teams replaced because of investor dissatisfaction with their past performance."

Hirsh also noted that the rise in activist activities in Canada is an incredibly encouraging development for the survival of the very few world-sized companies left in Canada. In future, demanding strategic changes or replacement of management teams will become an alternative to takeovers for poorly performing companies.

"As a result, Canada might be able to keep an......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega