Proxy Fights

Activism by hedge funds is on the rise, and even the smallest companies are possible targets.

These days companies are a lot quicker to work things out with activist shareholders.

Carl Icahn, the epitome of activist investors, has taken on a variety of proxy fights of late. But just what is the value of a proxy fight to an investor? Institutional Investor takes a look at the numbers.

Ron Burkle’s proxy fight loss to Barnes & Noble should come as no surprise. This year, dissidents have only won seven of 27 fights that have gone to a vote.

Many of the best-known activist hedge fund managers like Barry Rosenstein have gone quiet.