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When Passive Hedge Funds Decide To Become Activist  

Author:  Frank Zarb.

Source: Volume 52, Number 20, November 15 2019 , pp.247-252(6)

Review of Securities & Commodities Regulation

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Passive hedge funds are increasingly considering active roles when they are dissatisfied with the management of specific portfolio companies. After describing such a scenario, the author discusses the steps a dissatisfied fund can take short of a full-scale proxy fight. He then closes with some important decisions a fund must make in that full-scale option.

Keywords: Hart-Scott-Rodino (“HSR”); Federal Proxy Rules; Junior Proxy Contest Exemption

Affiliations:  1: Proskauer Rose LLP.

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