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Features

Nov. 1, 2006

Full Disclosure

Activist hedge funds—and their lawyers—are giving public companies fits by using shareholder voting power to force changes aimed at boosting short-term investment returns. By Thomas Brom

By Thom Brom
     
      Shark Tank
      You'd think it was blood in the water instead of ketchup. After a bitter proxy fight at H. J. Heinz Co., activist investor Nelson Peltz's hedge fund, Trian Fund Management, announced in August that its candidates had won two of five contested seats on the company's board. Aided by support from two proxy advisor services, Peltz...

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