Monthly Archives: May 2015

Opinion: The Fallacy of Activism’s Impact on Corporate Activities

By | Allgemein, Opinion | No Comments

Peter LPeter Lupoffupoff
CEO & Portfolio Manager,
Tiburon Capital Management, LLC

Better corporate stewardship, heightened community of interest between managements and stakeholders through aligned compensation, protracted low interest rates and asset reflation via global quantitative easing created a perfect environment to foment shareholder-friendly events.[1] Concurrent with this organic evolution, managers who’ve visibly pressed for such behaviors have performed well and raised significant amounts of money in the process. Drivers of these events are likely independent of activist’s campaigns and their attributed successes. The coincidence of activist involvement and the occurrence of shareholder-friendly events suggest continued flow of investor capital into activism and further campaigns and outcomes (largely notwithstanding activist activities). Read More