Lowell Milken Institute Conference and Report Discuss the Role of Activist Funds

Thought Leaders in the Private Fund space offer differing perspectives on the role, implications and challenges presented by activist funds

Contact: Jon Koriel, jkoriel@rabengroup.com, (213) 236-3751

LOS ANGELES, CA, March 18, 2015 —The Lowell Milken Institute for Business Law and Policy at UCLA School of Law is hosting its second annual Private Fund Conference in conjunction with the release of its 2015 Private Fund Report: The Role of Activist Funds. The Conference and Report offer a range of views and opinions on activist funds, their role in the modern investment portfolio, and the challenges activist funds present to public companies. 

Activist funds have taken a leading role in challenging corporate management to deliver value to company shareholders.  Activist funds are now a separate asset class and an ever-present feature of the corporate and investment landscapes.  Activists’ strategies have ranged from private negotiations to litigation and epic proxy battles, including replacing an entire board of directors with a slate supported by the activist fund.  Many well-known companies have been the target of shareholder activism.  

The 2015 Conference features leading participants in the world of activist funds, including keynote speaker, Anne Sheehan, Director of Corporate Governance, CalSTRS; and speaker and panelists Marshall S. Sprung, SEC Asset Management Unit; Stephen Bainbridge, UCLA School of Law; Patrick Foulis, The Economist; James R. Gregory, Tenet Partners; Alper Ince, Pacific Alternative Asset Management Company; David C. Karp, Wachtell, Lipton, Rosen & Katz LLP; Christopher Kiper, Legion Partners; Darren Novak, Houlihan Lokey; Timothy Spangler, Lowell Milken Institute and Sidley Austin LLP; Peter Stein, Angeles Investment Advisors; Glenn W. Welling, Engaged Capital; and Steve Wolosky, Olshan Frome Wolosky LLP.

The companion 2015 Report includes articles from these leaders and commentators in the activist fund world.  Capturing the debates that surround activist funds, the Report considers the strategies of some funds, how well they align with the interests of their investors, and the challenges presented to their targets.  The resulting collection of different perspectives reflects the conversations taking place at all levels within the private fund industry and company boardrooms.  In addition, the Report contains a regulatory update on private funds generally.

Information on the conference can be found here.

To view the Report please click here.

The Lowell Milken Institute for Business Law and Policy at UCLA School of Law (http://lowellmilkeninstitute.law.ucla.edu) collaborates with the UCLA Law faculty to develop a cutting-edge business law curriculum; creates outstanding co-curricular programs; and provides a forum for business, law and educational leaders to discuss current and significant legal and business issues facing California and beyond.