Stigende bekymring over aktivisme fra kortsigtede hedgefonde

I en gennemgang af konsekvenser af kortsigtede hedgefondes aktivisme, skriver det amerikanske advokatfirma Watschell, Lipton, Rosen, & Katz, at ”with the increase in activist hedge fund attacks, particularly those aimed at achieving an immediate increase in the market value of the target by dismembering or overleveraging, there is a growing recognition of the adverse effect of these attacks on shareholders, employees, communities and the economy. Noted below are the most significant 2014 developments holding out a promise of turning the tide against activism and its proponents, including those in academia. Several institutional investors voiced concerns about activism this year, including Laurence Fink of BlackRock – first in March lamenting the cuts to capital expenditures and increased debt used to fuel dividends and share buybacks, which he views as having the potential to “jeopardize a company’s ability to generate sustainable long-term returns.””