Since most hedge funds get paid based on their returns for the year, managers who want to get the most out of a stock investment often turn to shareholder activism as a way to increase shareholder value and ultimately boost their returns.
Here at Stockpickr.com we track all of the Latest Activist Situations recorded by StreetInsider.com 13D Tracker for those interested in possibly piggybacking these activist funds.
One of the stocks to watch is Vaalco Energy (EGY Quote). New York-based hedge fund Nanes Delorme Partners last month told the board of directors that the company was undervalued and should evaluate strategic alternatives, including putting itself up for sale.
Houston-based Vaalco Energy is an independent energy company with a lot of its assets based in the high-margin area of West Africa. The company also has a 10% buyback in place. Nanes Delome is the largest shareholder in Vaalco and said that the company could fetch a minimum of $7.12 per share. ...
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