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January 16, 2006
Hedge Funds Drive Activist Bandwagon
During the last year – that is 2005- hedge funds and deep-pocketed individual investors have been urging management at many leading companies to buy back shares, increase dividends or take other steps to improve shareholder value. Even pressure tactics are being applied to force management to such ends. NYTime reports:
But while shareholder activism may be on the rise, it is still relatively rare among the 8,000-odd mutual funds in the United States. With $8.5 trillion in assets, mutual funds are a huge force in the market. Yet fund managers and industry experts say the funds are a meek presence in the boardroom because of cultural and structural factors.
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