Jim Rossman is Head of Shareholder Advisory, Christopher Couvelier is Director, and Charles Kim is Vice President at Lazard. This post is based on a Lazard memorandum authored by Messrs. Rossman, Couvelier, Kim, and Quinn Pitcher. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism by Lucian Bebchuk, Alon Brav, and Wei Jiang (discussed on the Forum here); Dancing with Activists by Lucian Bebchuk, Alon Brav, Wei Jiang, and Thomas Keusch (discussed on the Forum here); and Who Bleeds When the Wolves Bite? A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System by Leo E. Strine, Jr. (discussed on the Forum here).
- Lazard’s Shareholder Advisory Group analyzed activist campaign data, news sources and background information in order to profile activist hedge funds
- The enclosed materials include abridged profiles for eight notable activists
- The eight profiles include holdings information, strategy observations and other relevant information
- Profiles reflect a combination of publicly available information and the Lazard Shareholder Advisory Group’s perspectives on the behavior and tactics of these investors
- In total, Lazard’s Shareholder Advisory Group has profiled 57 activist hedge funds
- Lazard has prepared in-depth profiles (including detailed biographies, campaign analyses and case studies) for the 16 most significant activists
- Shorter-form profiles containing key facts have been prepared for the 41 other hedge funds
- Those interested in receiving the full volume of activist profiles can contact Quinn Pitcher at [email protected]
- Lazard will update this set of profiles following future 13F filings
- The 13F filing deadline for the quarter ending on March 31, 2019 will be May 15, 2019