Harvard Corporate Governance

AUGUST 11, 2022

I am pleased to support the proposal because, if adopted, it would improve the quality of the information we receive from all Form PF filers, with a particular focus on large hedge fund advisers. In the decade since, regulators have gained vital insight with respect to private funds through Form PF. more…).

Equity 213

Equity 213

Harvard Corporate Governance

MAY 10, 2024

Rawcliffe, Skadden, Arps, Slate, Meagher & Flom LLP, on Sunday, May 5, 2024 Tags: crime , criminal , disclosures , DOJ , U.S. Department of Justice , U.S. Department of Justice (DOJ) Innovation: The Bright Side of Common Ownership?

Marketability 100

Marketability 100

Law 360 M&A

APRIL 30, 2024

A former Autonomy business development executive testified Tuesday that CEO Mike Lynch directed him to lie to a hedge fund investor about prepaid royalty deals that boosted the company's upfront revenue numbers, saying at Lynch's criminal fraud trial that it was hard to say no to the "big boss."

52

52

Harvard Corporate Governance

FEBRUARY 9, 2023

Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian Bebchuk, Alon Brav, and Wei Jiang; Dancing with Activists (discussed on the Forum here ) by Lucian Bebchuk, Alon Brav, Wei Jiang, and Thomas Keusch; and Who Bleeds When the Wolves Bite?

Marketability 214

Marketability 214

Harvard Corporate Governance

SEPTEMBER 9, 2022

Dealing with Activist Hedge Funds and Other Activist Investors. Carve-Outs’ Popularity Soars as Businesses Pursue Growth. Tags: Climate change , ESG , Index funds , Institutional Investors , Proxy voting , Shareholder proposals , Stewardship , Sustainability. Posted by Sandra Boss and Michelle Edkins, BlackRock, Inc.,

Equity 202

Equity Banking 202

Harvard Corporate Governance

JANUARY 5, 2024

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, January 5, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of December 29-January 4, 2024 The Dynamics of Corporate Governance: Evidence from Brazil Posted by Antonio Gledson de Carvalho (Fundação Getúlio Vargas School (..)

Marketability 100

Marketability 100

Reynolds Holding

DECEMBER 19, 2023

Unsecured debt of distressed companies is a popular investment for certain hedge funds, not least because it often allows the funds to serve on a distressed company’s unsecured creditors’ committee (UCC) shortly after the firm files for Chapter 11 bankruptcy. firms between 1996 and 2019.

Equity 59

Equity Marketability 59

Brian DeChesare

MARCH 8, 2023

If you want to work in the most cyclical role in the finance industry, it’s hard to beat commodity hedge funds. Many of the largest hedge funds put commodity trading within their global macro strategies , but plenty of smaller funds, banks, and desks make it a separate category or focus on commodities within their macro strategies.

Finance 109

Finance Start-ups Banking Alpha 109

IVSC

JUNE 14, 2023

Doug McPhee Senior Director - Head of Valuations at Public Investment Fund (PIF) Doug McPhee is Senior Director - Head of Valuations at the Public Investment Fund (PIF). Jennifer has a Bachelor of Business Administration from the Schulich School of Business at York University.

Intangible Assets 130

Intangible Assets Corporate Finance Finance Equity 130

Harvard Corporate Governance

APRIL 22, 2022

Posted by Hao Liang (Singapore Management University) and Cara Vansteenkiste (UNSW Business School), on Wednesday, April 20, 2022. The Proposed Private Fund Advisers Rule. A Deconstruction of the Short-Termism Thesis. Posted by Charles Nathan, Finsbury Glover Hering, on Friday, April 15, 2022. Posted by Gary Gensler, U.S.

Equity 214

Equity Marketability Technology 214

Reynolds Holding

FEBRUARY 8, 2024

Today [February 8], the Commission voted to adopt amendments to Form PF, an important reporting tool whereby the Commission and the Financial Stability Oversight Council (FSOC) receive reporting from private fund advisers. 1] Private funds have evolved significantly in the 13 years since Form PF first was adopted.

Banking 45

Banking Marketability Equity Finance 45

Harvard Corporate Governance

SEPTEMBER 1, 2023

on Wednesday, August 30, 2023 Tags: Delaware articles , Delaware cases , Delaware Court of Chancery , Delaware law , Shareholder meetings , stock splits Disgorgement Accounting After Liu v.

Venture Capital Fund 203

Venture Capital Fund Equity 203

Harvard Corporate Governance

MAY 3, 2023

The substantial growth in hedge funds and private equity, developments in governance and ESG concerns, the growing receptiveness of institutional investors to activism and the role of proxy advisory firms have also had a significant impact.

Banking 250

Banking Technology Equity Marketability 250

Harvard Corporate Governance

MARCH 27, 2024

Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) and Dancing with Activists (discussed on the Forum here ) both by Lucian A. Fred Allen once described the media business with the quip, “imitation is the sincerest form of….television”.

63

63

Brian DeChesare

NOVEMBER 9, 2022

Sales & Trading Exit Opportunities Definition: An S&T “exit opportunity” is a different field that you enter after working in sales & trading for a few years; common examples are hedge funds , proprietary trading , middle office roles , and investor relations. Portfolio Manager at a multi-manager hedge fund ).

Banking 74

Banking Equity Start-ups Marketability 74

Reynolds Holding

JANUARY 2, 2023

Investment in ESG-oriented mutual funds (green funds), rose globally by 53 percent in 2021 to $2.7 A recent study found that investors are willing, on average, to pay 20 basis points more for an investment in a fund with an ESG mandate as compared with equivalent funds without one ( Baker et al. trillion ( Kishan, 2022 ).

Systematic Risk 53

Systematic Risk Dividends Marketability 53

Harvard Corporate Governance

DECEMBER 15, 2023

Posner, Cooley LLP, on Saturday, December 9, 2023 Tags: SEC , SEC enforcement , Securities fraud , Whistleblowers Reporting Beneficial Owners Under the Corporate Transparency Act Posted by Robert Appleton, Jason Saltsberg, and Brian Roe, Olshan Frome Wolosky LLP, on Sunday, December 10, 2023 Tags: Beneficial Ownership , Corporate Transparency Act , (..)

Equity 100

Equity Compliance Finance 100

Harvard Corporate Governance

APRIL 1, 2022

Kirby Chair in Behavioral Finance and Professor of Finance and Business Economics at the University of Southern California Marshall School of Business; Andrew W. The rapidly evolving hedge fund sector is a good example of an industry with widely varying investment styles. Lo is the Charles E. and Susan T.

Finance 213

Finance Marketability Technology 213

Reynolds Holding

AUGUST 10, 2022

I am pleased to support the proposal because, if adopted, it would improve the quality of the information we receive from all Form PF filers, with a particular focus on large hedge fund advisers. In the decade since, regulators have gained vital insight with respect to private funds through Form PF.

Treasury 45

Treasury Equity Marketability Finance 45

Brian DeChesare

JANUARY 19, 2022

Financial Sponsors Group Definition: In investment banking, the Financial Sponsors Group (FSG) advises private equity firms, hedge funds, sovereign wealth funds, and pension funds on capital issuances and transactions involving their portfolio companies. So what’s the difference?”. normal, non-wealthy individuals).

Private Equity Firm 76

Private Equity Firm Banking Equity Finance 76

Auto Dealer Valuation Insights

APRIL 8, 2022

Access to cheap financing and favorable market conditions spurred significant gains for private equity firms and hedge fund managers during 2021. These tailwinds reversed course in the first three months of this year, and now many of these businesses are in bear market territory.

Private Equity Firm 52

Private Equity Firm Marketability Finance Equity 52

Harvard Corporate Governance

APRIL 8, 2022

Fox Distinguished Professor of Business Law and co-Director of the Institute for Law and Economics at the University of Pennsylvania Carey Law School. Posted by Jill E. Fisch (University of Pennsylvania), on Friday, April 8, 2022 Editor's Note: Jill E. Fisch is the Saul A.

Marketability 213

Marketability Technology Finance 213

Reynolds Holding

AUGUST 21, 2022

Activist hedge funds will soon likely have greater leverage in proxy contests, thanks to a new rule from the Securities and Exchange Commission. Our paper speaks to the role of various activist groups, but our results are particularly relevant to activist hedge funds. Our study suggests that it will – sometimes.

Finance 59

Finance Firm Value Marketability 59

Harvard Corporate Governance

JUNE 30, 2022

Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism by Lucian Bebchuk, Alon Brav, and Wei Jiang (discussed on the Forum here ); and Dancing with Activists by Lucian Bebchuk, Alon Brav, Wei Jiang, and Thomas Keusch (discussed on the Forum here ).

Finance 187

Finance Marketability 187

Law 360 M&A

FEBRUARY 13, 2023

Financial services technology company Fidelity National Information Services announced Monday it plans to spin off its merchant solutions business, following an agreement in December with activist hedge fund D.E. Shaw to undertake a strategic review of the company.

Technology 40

Technology 40

Harvard Corporate Governance

JULY 18, 2022

Roe is David Berg Professor of Business Law at Harvard Law School. Roe; The Myth that Insulating Boards Serves Long-Term Value by Lucian Bebchuk (discussed on the Forum here ); and The Long-Term Effects of Hedge Fund Activism by Lucian Bebchuk, Alon Brav, and Wei Jiang (discussed on the Forum here ). Posted by Mark J.

Marketability 203

Marketability Finance 203

Harvard Corporate Governance

OCTOBER 23, 2022

The battle is joined by an extreme version of such bylaws adopted by the board of Masimo Corporation, a $7 billion medical device maker led by billionaire founder Joe Kiani, after Politan Capital, a hedge fund run by veteran activist Quentin Koffey, disclosed an 8.8% stake, and Koffey expressed interest in board representation.

Private Equity Firm 169

Private Equity Firm Equity 169

Reynolds Holding

MAY 3, 2023

Today [May 3], the Commission considers adopting a final rule amending Form PF, an important tool that the Commission uses to oversee private fund advisers. I am pleased to support the amendments because they will improve visibility into private funds, helping protect investors and promote financial stability.

Private Equity Firm 45

Private Equity Firm Banking Equity Finance 45

Reynolds Holding

NOVEMBER 27, 2023

Fund managers attract investors into ESG funds by promising to advance ESG goals, while also insisting that the funds’ commitment to ESG goals will not come at the expense of investor returns. Thus, to attract investors, ESG funds must produce returns on par with competing ESG funds and the benchmark, non-ESG index.

Systematic Risk 59

Systematic Risk Finance Technology Marketability 59

Harvard Corporate Governance

JULY 15, 2022

The Proposed SEC Climate Disclosure Rule: A Comment from the Business Roundtable. Posted by Maria Ghazal, Business Roundtable, on Tuesday, July 12, 2022. Tags: Asset management , Index funds , Institutional Investors , Investment Advisers Act , SEC , Securities regulation. Poised for Change? Boardroom Diversity Survey.

230

230

Reynolds Holding

FEBRUARY 21, 2023

In recent years, an increasingly popular strategy among hedge fund activists has been to acquire seats on the boards of target companies. Hedge fund activists are nonetheless still eager to obtain board representation. Activist Directors – Characteristics Of the 3,259 activism events targeting U.S.

Dividends 72

Dividends Marketability EBITDA Market Capitalization 72

Lighter Capital

AUGUST 17, 2023

Funding deals and deal values are a fraction of what they had been. When startup funding dries up , what do you do? Every founder must play the tricky game of timing, even when funding isn’t scarce. Managing cash on hand and funding operations can be a delicate balancing act, even in favorable economic environments.

Banking 98

Banking Marketability Finance Equity 98

Harvard Corporate Governance

APRIL 29, 2022

Litigation Risks Posed by “Greenwashing” Claims for ESG Funds. How Would Directors Make Business Decisions Under a Stakeholder Model? Tags: ESG , Europe , Hedge funds , International governance , Mergers & acquisitions , Proxy season , Shareholder activism , Ukraine. Posted by Amy D. Roy, William T.

Equity Financing 194

Equity Financing Equity Compliance Technology 194

Brian DeChesare

MARCH 13, 2024

Some argue that GE offers the best of both worlds: the opportunity to fund innovation and growth – as in venture capital – plus the ability to limit downside risk and invest in proven companies – as in private equity. Many of these firms use debt to fund deals, and they complete bolt-on acquisitions for portfolio companies.

Equity 95

Equity Start-ups Marketability Banking 95

Harvard Corporate Governance

JULY 22, 2022

Name That Boon: SEC Proposes Rules on ESG Fund Names & Disclosures. Posted by Ethan Rouen (Harvard Business School) and Thomas Bourveau (Columbia University), on Tuesday, July 19, 2022. Posted by Mark J. Roe (Harvard Law School), on Monday, July 18, 2022. Regulated Human Capital Disclosures.

Marketability 214

Marketability 214

Brian DeChesare

APRIL 5, 2023

But one possible exception lies in sovereign wealth funds (SWFs) , which are similar to funds of funds in some ways. I’ll address all these points here and cover the advantages and disadvantages of SWFs, but let’s start with the definitions and overview: What Are Sovereign Wealth Funds?

Equity 59

Equity Start-ups Private Equity Firm Banking 59

Equidam

FEBRUARY 1, 2024

This allows the corporation to hedge against innovation in a cost-effective manner, with options to either incorporate successful ventures into the parent company, or spin them out. All funding comes via the corporation, negotiated based on milestones accounting for growth of portfolio companies, incurred costs and implied potential.

Beta 67

Beta Finance Equity Marketability 67