Nofink to worry about

28 June 2005 By Chris Hughes

First there was the Deutsche Boerse saga. Now a US hedge fund is taking on an underperforming longonly asset manager. Is nothing sacred? Even the boss of Man Group is worried. But he shouldn t be. Hedge funds have just as much right to be activist as any other investor.

This content is for Subscribers only

Context News

Stanley Fink, the chief executive of Man Group, said hedge funds could achieve more behind the scenes than through confrontational shareholder activism. The comments were made in the wake of hedge fund TCI's successful bid to change the board of Deutsche Boerse, a move Fink said had damaged sales of hedge fund products in Germany.

New Yorkbased hedge fund Steel Partners last week secured board representation at BKF, a longonly asset manager at which it is seeking corporate governance reform.

Email a friend

Please complete the form below.

Required fields *