The campaign season is heating up. No, not the midterm Congressional elections. This is the campaign for shareholder mindshare as activist hedge funds challenge their often entrenched board of directors to become more aggressive in enhancing return. The latest campaign salvo came from activist investor Daniel Loeb in Third Point’s mailing campaign targeting Sotheby’s (NYSE:BID) shareholders. The mailer headline encourages stockholders to “Vote the White Proxy Card Today!” for Loeb’s slate of candidates. The mailer provided a direct comparison between Loeb’s three candidates and Sotheby’s (NYSE:BID) sitting board members. Daniel Loeb vs. Jessica Bibliowicz Perhaps the title fight is between heavyweight Loeb…
Mail Campaign Boosts Loeb's Candidates In Sotheby's Fight
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.