Many hedge funds are drastically underperforming the markets this year. In fact, since 2004, the majority of hedge funds have actually underperformed the boarder markets, despite the huge bull market in stocks.
Since most hedge funds get paid based on their returns for the year, managers who do not want to underperform are now turning to shareholder activism as a way to increase shareholder value and ultimately boost their returns.
Here at Stockpickr.com, we track many of the Latest Activist Situations for those interested in piggybacking these activist funds. We highlight a few of those situations here.
Shares of casualty insurance company Baldwin & Lyons(BWINB Quote) are receiving substantial pressure from Loeb Partners. The fund recently called Baldwin & Lyons' capital-allocation strategy "flawed," highlighting the company's poor stock performance. Loeb suggested that the company pay a dividend to its shareholders with excess cash. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
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UP
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UP
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