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Has The Hedge Funds Industry Lost Its Way?

Has The Hedge Funds Industry Lost Its Way?

Has The Hedge Funds Industry Lost Its Way? by Knowledge@Wharton For months, the news for the hedge fund industry has been grim. Funds racked up abysmal results last summer, with August showing the biggest monthly loss since October 2008. Then […]

Ubben Criticizes “Bumpitrage” In ISS On Willis Merger

Ubben Criticizes “Bumpitrage” In ISS On Willis Merger

Jeff Ubben claims that maneuvering over the proposed merger between Towers Watson & Co. and Willis Group Holdings Plc is legitimizing short-term shareholder activism. Ubben, who runs activist fund ValueAct Capital Management, says that the Institutional Shareholder Services’ recommendation that Towers Watson […]