Recommendations for public companies and institutional investors regarding hedge fund activism were issued today by the Conference Boards working group on hedge funds. For institutional investors, the 71-page report recommends promotion of transparent voting policies and prudent investment in activist hedge funds. Corporation executives are urged to pay attention to institutional holdings and trading activity in their stock and to develop an understanding of hedge fund investment strategies and activist tactics.
Representatives from the following firms were among the members of the working group: Alcoa Inc., Applebees International Inc. BGI, The Coca-Cola Co., Bulldog Investors and the Florida State Board of Administration.
The Conference Board is seeking public comment about the report, which is available at www.conference-board.org/workingGroups/wkgGrpDescribe.cfm?Council_ID=245. Comments are due by April 30 and should be sent to Matteo Tonello at [email protected]