Hedge funds tend to be highly activist investors who exercise their “principal power” over
their portfolio firms. We observe that, compared to other investor types, hedge funds appear …

A key factor in the decision to convert a publicly owned company to private status is the
expectation that value will be created, providing the firm with rent. These rents have …

F or investment institutions that fully exploit their private status, hedge funds command a
surprisingly large public profile. For example, the media gave significant coverage to SAC …

Research in this thesis focuses on publicly traded US target firms documented by the SEC
Schedule, providing a perfect platform to examine the achieved returns by hedge funds …

Publisher Summary With substantial cash flows into the fund of funds business and
questions as to their tax status, it is reasonable to ask whether it still makes sense to …

Hedge funds are characterized by a significant complexity of their tax attributes. In this
paper, we explain how hedge fund investors might be affected by a limitation on excess …

We study the ability of hedge funds to restructure target firms. A purchase of at least 3% of a
target firm's stake is subject to a 13D SEC Filing in the US. We use these filings to …