Activist hedge funds
Name
294909167-MIT.pdf
Description
Full printable version
Size
3.8 MB
Format
Adobe PDF
Checksum (MD5)
3221671e73bccbb8a8ec5fbf81ad9628
Author(s)
Brecailo, Helizander (Helizander de Oliveira)
Advisor(s)
Jun Qian and Gustavo Manso.
Date Issued
2008
Publisher
Massachusetts Institute of Technology
Abstract
Hedge funds have played a significant role in shareholder activism in the U.S. They have appeared quite frequently in the media as the driving force behind changes in firms' management that generate higher returns on their investments. Nonetheless, many wonder whether they really bring long-term value and benefits to firms, stakeholders, or financial markets, or whether hedge funds net returns for their investments only. The purpose of this thesis, which is written as a case study based solely on public information, is to discuss the attributes of activist hedge funds and how they differ from corporate raiders and private equity firms. The case study then maps activists' most common mechanisms for accomplishing their goals. Finally, the restaurant industry-in particular, Wendy's International Inc., which has been highly targeted by activists-offers a platform for studying the outcomes of activists' maneuvers.
Description
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2008.
Includes bibliographical references.
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
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copyright. They may be viewed from this source for any purpose, but
reproduction or distribution in any format is prohibited without written
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