 Your new post is loading...
In my article, The Optimal Size of Hedge Funds: Conflict between Investors and Fund Managers, forthcoming in the Journal of Finance, I examine whether the standard compensation contract in the hedge fund industry aligns managers’ incentives with investors’ interests. One of the important ways in which hedge funds differ from traditional investment vehicles is in the design of managers’ compensation contracts. A key difference is that, in contrast to their peers in the mutual fund industry, hedge fund managers charge an additional performance-based incentive fee. The incentive fee allows hedge fund managers to charge part of fund profits as their compensation and is intended to motivate them to maximize fund performance.
Startup LedBetter is tracking gender equality on boards and the executive ranks of 2,000 big consumer brands.
And the total percentage of board seats held by women at major companies barely budged, a new report shows.
Brookfield Institute report finds positions prone to being replaced or changed by new technology in next 10 to 20 years are typically lower-paying on average, require less education and employ proportionally more young people
The Canadian province of Quebec expects to finalize an agreement to invest $1 billion in planemaker Bombardier Inc's CSeries program by the end of June, Premier Philippe Couillard said Monday.
McDonald's has taken its boldest step yet in a yearlong transformation to remain relevant and meet its customers where they live and play.
Women hold less than one-fifth of board seats at S&P 500 companies, according to Catalyst, a research group that tracks executive women.
More than two dozen companies have signed a White House pledge to conduct an annual gender pay analysis aimed at eliminating inequitable compensation, the Obama administration said Monday.
The financial crisis brought substantial change to the financial services industry, thanks largely to Congress’s post-crisis passage of the Dodd-Frank Act. Subjecting swaps and hedge fund managers to regulatory oversight and reforming the rules applicable to credit rating agencies are but a small sample those changes. Dodd-Frank did not, however, bring about any significant change the regulation of mutual funds—“pooled” investment entities that are regulated under the Investment Company Act of 1940 (“ICA”).
IRRCi Investor Research papers accepted by 10/7/2016 in fifth annual competition. Two $10,000 grants and opportunity to present findings at Millstein Center
Influential proxy advisory firm ISS recommended shareholders against reelecting Takata Corp Chief Executive Shigehisa Takada to the company's board of directors, saying he should be held responsible for its defective air bags.
Canada is willing to "find a solution" with Bombardier Inc as the parties consider the company's dual-class share structure during talks on a $1-billion government fund-infusion, the minister responsible said late on Saturday.
On May 23, 2016, the United States Court of Appeals for the Second Circuit reversed a jury’s finding of liability and the district court’s imposition of a $1.27 billion civil penalty on Countrywide and related defendants (collectively, “Countrywide”) under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”) for mail or wire fraud affecting a federally insured financial institution. [1] The Second Circuit held that the trial evidence was insufficient to establish fraudulent intent. But in ruling on that basis, the court avoided the controversial legal question of whether FIRREA, which authorizes civil penalties for fraud “affecting” a federally insured financial institution, applies to fraud by such an institution.
|
The Delaware Supreme Court recently addressed the issue of whether “holder claims”—claims brought by investors seeking damages based on continuing to hold stock in reliance on a company’s alleged misstatements, rather than buying or selling—are direct or derivative in nature. In Citigroup Inc., et al. v. AHW Investment Partnership, et al., No. 641, 2015, 2016 WL 2994902 (Del. May 24, 2016), the Court held that “the holder claims are not derivative because they are personal to the stockholder and do not belong to the corporation itself.”
Influential proxy advisory firm ISS recommended shareholders against reelecting Takata Corp Chief Executive Shigehisa Takada to the company's board of directors, saying he should be held responsible for its defective air bags.
Michael Sabia says a growing number of companies in Quebec have gone public on stock markets with two classes of shares so they can maintain control
Imposing a quota might be a short cut to increasing the number of women serving on company boards in Hong Kong but it isn’t a good idea in terms of improving corporate governance.
The first phase of an activist’s campaign is perhaps the most important: identifying undervalued and attractive target companies.
A series of large investments from sovereign wealth funds has given private companies yet another means to put off an IPO, potentially spawning a new age of megadeals valued at $100 million or more that can help companies keep their valuations high. With the IPO market slowing down, unicorns — private companies worth more than $1 billion — have remained hungry for cash. [...] the amounts of money they want to raise are at times bigger than venture capital firms can afford. Everyday investors, mutual funds and sovereign wealth funds used to look to the public market for wealth creation.
Companies are responding to the White House’s Student Debt Challenge, which calls for help spreading the word about federally subsidized repayment plans that can make such debt more manageable.
On June 1, the Second Circuit in Tilton et al. v. SEC, No. 15-2103 (2d. Cir. Jun. 1, 2016), echoed recent Seventh and D.C. Circuit decisions (respectively, Bebo v. SEC, No. 15-1511 (7th Cir. Aug. 24, 2015), cert. denied, 136 S. Ct. 1500 (Mar. 28, 2016), and Jarkesy v. SEC, No. 14-5196 (D.C. Cir. Sept. 29, 2015)) in finding that constitutional or other challenges to SEC proceedings cannot go forward in court until the administrative proceeding ends; review can only be sought as an appeal from a final decision by the Commission.
While economists have long maintained that weak property rights are detrimental for development since they discourage effort and investment (Besley and Ghatak, 2010), legal scholars have argued instead that they can be optimal whenever transaction costs prevent consensual trade (Calabresi and Melamed, 1972). In my paper Endogenous Property Rights, forthcoming at the Journal of Law and Economics, I blend these two opposing ideas and I empirically document both the general incompleteness of property rights and their positive relationships with several measures of preference heterogeneity in 126 jurisdictions.
Ackman Pared His Stake in Mondelez International In 1st Quarter, Stocks: APD,MDLZ,VRX,QSR, Bill Ackman, release date:Jun 13, 2016
LAVAL, Que. - Valeant's new chairman and CEO will be sharing his turnaround plan directly with shareholders today at his first annual meeting since assumin
The huge sums paid to bosses at Berkeley and Persimmon are the latest examples of FTSE grandee greed, and obvious cures such as pay caps aren’t enough
|
Scoop.it!
