Wall Street Deal Makers Form Activist Firm With CEO Backing

Two senior Wall Street deal makers formed a new activist fund called Hudson Executive Capital. The firm aims to seek opportunities using actionable strategies and corporate finance solutions to drive returns.

Douglas Braunstein, a former vice chairman at JPMorgan Chase & Co and James Woolery, a former chairman-elect at Cadwaladed, Wickersham & Taft LLP created Hudson Executive Capital LP.

Michael Mauboussin: Here’s what active managers can do

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More


Activist Firm with constructive engagement

Hudson Executive Capital LP aims to drive returns through constructive engagement with board, management and shareholders of companies. The founding partners will combine their strategic and operational experience, corporate finance expertise and network relationships in managing the new activist hedge fund.

Braunstein and Woolery aims to direct the Hudson Executive Capital toward value-oriented opportunities in industry verticals representing more than 80% of the S&P 500.

Activist Firm – Value-oriented, industry focused approach

In a statement, Braunstein said, “Jim and I are pleased to form Hudson Executive Capital. We bring a value-oriented, industry-focused investment approach that will combine our collective management and strategic insight with active engagement around corporate finance strategies.”

On the other hand, Woolery emphasized that the Hudson Executive Capital was established on the principle of constructive engagement combined with their unique mix of expertise and corporate backgrounds.

Woolery is confident that their capabilities allow Hudson Executive Capital to be well-positioned to execute on compelling investment opportunities.

Hudson Executive Capital has 14 CEO Partners

Braunstein, Woolery along with 14 CEO partners committed approximately $250 million in capital to the business of Hudson Executive Capital. Its advisory board will be composed of its CEO Partners, who will bring 200 years of public company CEO experience and service on the boards of 68 public companies.

Hudson Executive Capital CEO Partners

William Harrison, one of the CEO Partners of Hudson Executive Capital said, “Doug and Jim have earned their reputations as preeminent corporate executives through strategic decision-making and extensive corporate execution experience over the course of their careers. The other CEO Partners and I are excited to partner with them in this new venture.” Harrison is a former Chairman and CEO of JPMorgan.

He added that numerous management teams, boards and shareholders benefited from the strategic ideas, investment insight and execution experience of Braunstein and Woolery.