shareholder-activism-is-on-the-rise

Shareholder activism is on the rise

Institutional investors are becoming more active across the region. We speak to a cross-section of advisors about how the movement is unlocking shareholder value.

By Sameera Anand

May 13, 2007

Activist shareholders are shaking up large institutions like ABN AMRO and Citi, demanding companies improve returns or restructure. Shareholders in Asian companies are following suit, asking management tough questions and in many cases succeeding in enhancing shareholder value.

ôActivist hedge funds are becoming increasingly visible in Asia where they are starting to compete aggressively with some of the regionÆs traditional investors,ö says Young Joon Kim, partner in law firm Milbank, Tweed, Hadley McCloy.

The increase in activism is in part attributable to the large number of hedge funds now operating in the region. Traditionally, hedge funds focused on arbitrage. But this market is shrinking. Further, compelling opportunities to acquire stakes in under-performing companies are...

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