With the Dow Jones Industrial average down about 30% for the year, most hedge funds are under substantial water in their long-term positions. 

Since most hedge funds get paid based on their returns for the year, managers who do not want to underperform 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 siuations in attempts to piggy back off of the best managers around. This week we focus on

Trico Marine

( TRMA).

Trico Marine received a letter from its largest shareholder, Kistefos, in which Kistefos requested that two of the company's founding executives be appointed to Trico's board of directors to help improve shareholder value

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