The near constant refrain from activist investors is that they’re just working to maximize shareholder value, an objective that many of us take for granted even if we don’t automatically assume that hedge funds are being sincere about their goals. But the title of James Montier’s latest white paper “Shareholder Value Maximization: The World’s Dumbest Idea,” leaves no doubt where he stands on the matter.
During the rather hostile takeover engineered by Valeant Pharmaceuticals to acquire Allergan, charges were made by Allergan officials that Valeant was “a house of cards,” however no context was... Read More
Puerto Rico's November economics data reveals early signs of stabilization of the Commonwealth’s economy, according to an industry report from Sterne Agee. Todd L. Hagerman and Robert Greene of Sterne... Read More
Investec, the London-based research firm that has a history of supporting the large banks in the region, has taken its advocacy to a new level. And as a result the... Read More
Every morning ValueWalk puts out a news report with the latest news in global stock markets, company news, and global economic news. Market Action US: Dow Futures: 12837.00 (0.71%), S&P 500 Futures:... Read More
Hedge funds are positioned for higher bond yields and high equity indices according to research from Societe Generale’s Global Asset Allocation research team. Hedge funds are net short almost every... Read More
The long/short Odey Swan Fund, managed by vocal hedge fund manager, Crispin Odey returned 3.9% for investors in June 2016, outperforming the MSCI Daily TR Net Europe return of... Read More
While many hedge funds struggled mightily in the third quarter, with some of the largest names in the industry posting double digit losses, the $27 billion under management at... Read More
India has been capturing headlines around the globe for the ongoing situation in Kashmir, but reputed hedge fund manager Mohnish Pabrai sees plenty of investment opportunities in the country.... Read More
Jana Partners has announced plans to shutter its flagship JANA and Nirvana funds to focus solely on its activist-focused strategy. The firm informed investors of its decision on Tuesday... Read More
The amount allocated by S&P 500 companies towards repurchases and dividends has risen in each of the past five years and the trend would continue, notes S&P Capital. Michael G... Read More
