Harvard Business Review

OCTOBER 25, 2017

” We collected data from a private online knowledge-sharing platform where buy-side (hedge fund, mutual fund) investment professionals (analysts, portfolio managers) share their investment recommendations to buy and sell a given security, along with the analysis supporting their position, with other members of this platform.

Objective 8

Objective Metrics Sample Hedge 8

Harvard Business Review

JANUARY 12, 2018

Robo-advisors, which were introduced in 2008 , are steadily eating up market share from their human counterparts much the way that Amazon and Netflix have taken share from Walmart and Regal Cinemas. These numbers represent more than three times as much as was invested in 2013. will grow to U.S. $5 5 trillion to U.S. $7 ZB by 2020.

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

JUNE 10, 2014

One representative example: April’s Education Innovation Summit , where more than 2,000 people energetically discussed how technology and markets are charting the future of education globally. The transformation in education technology and markets is happening with the business leaders and money-men of higher education barely present.

Real Estate 8

Real Estate Education Disruptive Innovation Asset Management 8

Harvard Business Review

MAY 14, 2013

Earlier this month the Rolling Stones kicked off a brief 2013 tour celebrating their 50th anniversary. Guitarist Keith Richards could casually drop in an interview that this may very well likely be the band''s last tour (the "hedge" in the wording is intentional). Marketing' Or, as the band did at its opening gig in L.A.

Price 8

Price Discount Brand Merchandising 8

Harvard Business Review

JANUARY 21, 2014

More than 200 activist-investor initiatives hit companies in 2013, a seven-fold increase over a decade earlier. But as we have suggested elsewhere, activists are here to stay , and are increasingly prominent players on the equity landscape—sometimes even inside the company boardroom.

Hostile Takeover 8

Hostile Takeover Chief Financial Officer Due Diligence Charan 8

Harvard Business Review

JANUARY 8, 2014

They’ve also characterized the San Francisco Bay area’s real estate market over a far longer period. It already has a higher market capitalization (although of course some think that’s a bubble ). The actual outcome for Cisco turned out to be a 156% increase in net income from fiscal 2000 through fiscal 2013.

Price 8

Price Finance Definition Uncertainty 8

Harvard Business Review

MAY 14, 2015

million in 2013, when realized gains from stock-based pay represented 27% of total pay, to a high of $20.1 Wall Street investment banks and hedge fund activists, some of whom began targeting McDonald’s a decade ago , also gain from the temporary boosts that buybacks produce. million in 2014 to a high of $12.6

Price 8

Price Franchising Short-term CFO 8

Harvard Business Review

MARCH 24, 2017

Then, via price dynamics determined by market supply and demand, the value is settled on by the network of participants, rather than by a central authority or government. As of March 2017, the market capitalization of the ether token was more than $4 billion.). Insight Center. Business in the Era of Blockchain.

Venture Capitalist 12

Venture Capitalist Due Diligence Finance Long-term 12

Harvard Business Review

OCTOBER 9, 2015

.” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. The early activists were pension funds, but starting in the 1990’s some hedge funds adopted the strategy. The early activists were pension funds, but starting in the 1990’s some hedge funds adopted the strategy.

Hedge 8

Hedge Finance Short-term Document 8

Harvard Business Review

APRIL 2, 2014

You’d have this beta with the market, so you have the riskless rate plus beta times the equity premium. A mini-glossary: beta is the amount that an individual stock fluctuates relative to the overall stock market, and the equity premium is the difference in expected return between stocks and a “riskless” asset such as Treasury bonds.].

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

AUGUST 11, 2015

But that will not in any way deter hedge-fund activists from demanding that companies do stock buybacks so that they can time their stock sales to take advantage of short-term, buyback-induced, stock-price boosts. A prime example is Carl Icahn, who began to accumulate his multibillion-dollar stake in Apple in August 2013.

Proposal 8

Proposal Hedge Safe Harbor Short-term 8

Harvard Business Review

JUNE 17, 2016

We might look to Sir Richard Branson, who in 2013 co-launched the “B Team,” publicly decrying corporations’ sole focus on short-term profits and calling for a reprioritization of people- and planet-focused performance. So why do certain firms (and not others) choose to identify as B Corporations?

Company 8

Company Hedge Short-term Long-term 8

Harvard Business Review

DECEMBER 21, 2015

Now, in a New York Times op-ed , Carl Icahn, the billionaire corporate raider turned hedge fund activist, has joined the chorus. The hedge fund activist wants Apple to double its stock price , with massive buybacks as the lever. He labels the Pfizer-Allergan deal a “travesty,” blaming the U.S.’s Tammy Baldwin , Sen.

Hedge 8

Hedge Proposal Pharmaceuticals Price 8