From Reuters: Daniel Loeb, one of the $2 trillion hedge fund industry's most successful managers, is going back to his investing roots in pushing for more action at Yahoo after the recent ouster of CEO Carol Bartz. Yahoo stock is up 7 percent since Loeb's Third Point revealed its push for change at the Internet portal.
A rising number of companies are becoming targets of investors demanding share-boosting actions.To date, activists have made formal requests for structural or management changes at 241 U.S. companies, compared to 231 companies for all of 2010, according to Hedge Fund Solutions, a company that tracks activist activity. Many companies' stocks go up when activists proclaim their interest -- at least in the short term. But that means the money is often made early in the game. How you know which companies they will target?
Read all about it at http://www.reuters.com/article/2011/09/20/us-howtoplayit-activists-idUSTRE78J5XR20110920
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