Hedge Funds Have Outsize Impact On Corporate Battles, Study Finds

A review of the most recent proxy season shows that hedge funds accounted for very few shareholder resolutions but led a majority of proxy contests.

When hedge funds take on companies, they get results.

This is one of the overriding themes that emerges from a comprehensive report published by the Conference Board, a New York–based trade organization for companies, reviewing the most recent proxy season. It underscores how hedge fund activism differs from that of the many other groups of corporate agitators that annoy, rattle and even force changes at many companies during and after their annual meetings.

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