Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Shareholder activism likely to increase over Q4, 2013 driven by weak earnings reports

Wednesday, October 17, 2012

Bailey McCann, Opalesque New York: A new study done by New York-based law firm Schulte Roth & Zabel done in association with mergermarket shows that shareholder activism is expected to increase in the fourth quarter and into 2013 as investors push for management changes at companies that have performed poorly on a consistent basis. The report authors interviewed corporate executives and activist investors to get their take on shareholder activism in the current market environment. The new report follows a previous survey by the law firm, with similar questions, done in 2010.

The industries expected to see the biggest increase in shareholder activism are financial services, industrials and chemicals, technology, and energy. The majority of respondents (79%) expect the financial services industry to experience the most shareholder activism over the next 12 months, as investors are still looking to repair the industry after the 2008 crash.

Activist investors strongly diverged from corporate executives when it comes to the issue of board representation – activist investors agreed unanimously that shareholders should have board representation whereas only 36% of corporate executives thought they should. "The extent to which corporate executives take a dim view of shareholder......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1