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Study Of Ackman And Icahn Notes How Firms Targeted, Tactics, Rewards

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Mark Melin
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The aggressive activist hedge fund trend is only growing and becoming bolder, notes an interesting new study posted on the Harvard Law School website, by Richard Lee Jason D. Schloetzer of The Conference Board. The study in particular considers the antics of Bill Ackman and Carl Icahn, noting their successes and failures and musing regarding the various tactics activists employ. The study looks at Motorola Solutions Inc (NYSE:MSI) (2007-2011), Yahoo! Inc. (NASDAQ:YHOO) (2008-2010), Netflix, Inc. (NASDAQ:NFLX) (2012-present), Dell Inc. (2013), Apple Inc. (NASDAQ:AAPL) (2013-present), eBay Inc (NASDAQ:EBAY) (2014-present) for Carl Icahn; MBIA Inc. (NYSE:MBI) (2002-2008), Target Corporation (NYSE:TGT) (2007-2011), J.C. Penney Company, Inc. (NYSE:JCP) (2010-2013), Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) (2011-present), Air Products & Chemicals, Inc. (NYSE:APD) (2013-present), Herbalife Ltd. (NYSE:HLF) ...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.