News and analysis about the investment styles of activist hedge fund managers
EXTREME VALUE HEDGING How Activist Hedge Fund Managers Are Taking on the World
BUY THE BOOK
Activist hedge fund managers represent a small part of the $1.5 trillion hedge fund industry, yet the philosophy that has allowed them to earn above-average returns has caused a stir among the investment community and the corporate world. These types of managers are changing the investing landscape—from banking and corporate finance to management—and Extreme Value Hedging tells the story of their rise to power in the United States and the spread of their influence around the globe.
Hardcover: 370 pages
Publisher: Wiley
ISBN-10: 0470128003
ISBN-13: 978-0470128008
Activist hedge fund managers represent a small part of the $1.5 trillion hedge fund industry, yet the philosophy that has allowed them to earn above-average returns has caused a stir among the investment community and the corporate world. These types of managers are changing the investing landscape—from banking and corporate finance to management—and Extreme Value Hedging tells the story of their rise to power in the United States and the spread of their influence around the globe.
Hardcover: 370 pages
Publisher: Wiley
ISBN-10: 0470128003
ISBN-13: 978-0470128008
Picture of Me Signing Books
PAPERBACK IS OUT: New revised version of book is available in bookstores; includes section on how financial crisis is impacting activist investors
BOOK REVIEWS ARE IN:
Review by Zac Bissonnette at bloggingbuyouts.com
Review by Sarah Cohn at blog.riskmetrics.com
InMoneyToday describes Extreme Value Hedging as "one of the best, most original books about the market to come along in recent years."
TheStreet.com on May 23 listed Extreme Value Hedging as one of its top 10 books to read over the Memorial Day weekend: "Better than a Tan: 10 Books on Getting Rich."
As the portfolio manager of an $80 mm activist FoF at Russell, I am naturally very interested in the subject of hedge fund activism. I just wanted to say that I devoured your book this weekend, and think that you did a fantastic job covering the important issues. And you gave me some good new investment ideas to pursue for our clients!
Sincerely, Paul Carter.
Paul G. Carter, CFA Russell Investments 909 A Street Tacoma, WA
EVENTS:
Ronald Orol spoke about Washington's response to the financial crisis to particpants at IMN's Third Annual Middle Atlantic State Public Employee Retirement Systems Forum on Oct. 28 in Chantilly, Virginia.
Ronald Orol was a keynote interviewer at IMN's 2nd Annual Hedge Fund Activism and Shareholder Value Summit on Sept. 22.
Orol interviewed Bruce J. Richards
President & CEO, MARATHON ASSET MANAGEMENT and Beth Ann Bovino, Senior Economist, STANDARD & POOR'S as part of an economic outlook panel entitled, "Getting Through the Storm."
Orol also participated on a panel that discussed trends in activist investing. Other members of the panel included Mark Schwarz, Founder & General Partner, NEWCASTLE CAPITAL MANAGEMENT LP; Clifford Press, Managing Member, OLIVER PRESS PARTNERS LLC; Barry Cronin, Managing Director, TAYLOR INVESTMENT ADVISORS and Dennis Johnson, Managing Director, SHAMROCK ACTIVIST VALUE FUND, L.P.
Ronald Orol participated in a 2 pm May 7th podcast hosted by Broc Romanek on Deallawyers about activist hedge fund managers. Other participants included Prof. Randall Thomas, Christopher Young, Damien Park, and Veronica Rendon. So far roughly 425 took in the webcast live - and another 50 have listened to the archive of it.
Ronald Orol spoke April 16 to law students at Georgetown University about activist hedge funds. SEC corporate finance deputy director Brian Breheny and ex corpfin M&A director Dennis Garris, co-teach the class.
Ronald Orol is scheduled to moderate a panel of activist hedge fund managers for an event hosted by Hedgeconnection on Dec. 10. Panelists include Phillip Goldstein of BullDog Investors, Donna Anderson of T. Rowe Price and Jim Mitarotonda of Barington.
Ronald Orol spoke to MBA students at Georgetown University about activist hedge funds on Jan. 30.
Ronald Orol participated in a panel discussion at Riskmetrics 2008 U.S. Governance Conference on Feb. 6 in New York
Ronald Orol discussed his new book and signed copeis at Reiters bookstore in Washington D.C. on Feb. 7.
INTERVIEWS:
Ronald Orol was interviewed by Wendy Kaufman for NPR's show All Things Considered on July 21 about activist investors and Carl Icahn.
Ronald Orol was interviewed by Julie Hoffman of Corporate Counsel about his book, activist investors using swaps and SEC disclsoure rules on deallawyers.com;
Ronald Orol was interviewed By Connect2Canada in a podcast about his book and activist investors in the U.S. and Canada.
Ronald Orol was interviewed by BBC World television on May 14 about Carl Icahn contemplating a proxy contest at Yahoo! Inc.
Also on May 14, Brock Romanek interviewed Orol on Deallawyers about activist hedge funds and sovereign wealth funds, the investment arms of governments mostly located in Asia and the Gulf, launching insurgencies together.
Ronald Orol was interviewed on April 8 about Carl Icahn and his activist campaign at Motorola Inc. for an article in Business Week by Olga Kharif.
Ronald Orol was interviewed on Feb. 7 about Extreme Value Hedging by Karen M. Sughrue, producer at CBS News 60 Minutes, for a documentary the news organization was putting together on raider-turned-activist Carl Icahn.
Ronald Orol was interviewed about Extreme Value Hedging by Boyd Erman on the Business News Network TV program, Stars and Dogs
Orol also discussed his book and activist hedge fund investing with Joe Kernen of CNBC TV's Squakbox program and BBC World TV's Business News segment.
Ronald Orol was interviewed about private placements by Matthew Passy for WallStreetJournal radio on Feb. 14.
Ronald Orol was interviewed about an activist investor targeting department store chain Dillard's Inc. on March 3 in the Little Rock, Ark.-based newspaper, Arkansas Business.
Ronald Orol was interviewed about an activist proxy fight at Dillard's on March 19 in the Arkansas Democrat-Gazette of Little Rock, Ark.
Ronald Orol was interviewed on April 1 in the Arkansas Democrat-Gazette about a settlement between activists and department store chain Dillard's.
Ronald Orol was interviewed by Chuck Jaffe on Your Money Radio broadcast on WBIX AM 1060 Boston
Ronald Orol was interviewed on the The Gabe Wisdom Show on Jan. 16 between 7 p.m and 8 p.m. http://www.gabrielwisdom.com/
http://www.businesstalkradio.net/weekday_host/gw.shtml
Ronald Orol's book was featured on Jan. 19 at TheStreet.com
Ronald Orol's book was featured on Jan. 29 at Tradingmarkets.com
Ronald Orol's book was featured on Jan. 29 at WealthManagementExchange
Ronald Orol was interviewed by Brent Clanton on BizRadio in Houston, Dallas/ Fort Worth BizRadio 1320-AM Houston, 1360-AM Dallas/Fort Worth on Nov. 30, 2007
Ronald Orol was interviewed on the The Gabe Wisdom Show on Jan. 16 between 7 p.m and 8 p.m. http://www.gabrielwisdom.com/
http://www.businesstalkradio.net/weekday_host/gw.shtml
Ronald Orol's book was featured on Jan. 19 at TheStreet.com
Ronald Orol's book was featured on Jan. 29 at Tradingmarkets.com
Ronald Orol's book was featured on Jan. 29 at WealthManagementExchange
About me
Useful Links
- The Official Activist Investing Blog
- Harvard Governance Blog
- Deal Lawyers Blog
- The Deal LLC
- Wealth Management Exchange
- Podcast of Me Talking to Broc Romanek about Extreme Value Hedging
- The Corporate Counsel
- piggybackingtheactivists
- Hedge Connection
- Eric Jackson
- Gary Lutin & Co.'s Shareholder Forum
- Hedge Fund Research
- Institutional Shareholder Services
- Managed Funds Association
- Morgan Stanley's Capital International Emerging Markets index
- Outstanding Investor Digest
- Proxy Governance
- Securities and Exchange Commission's Roundtable Discussions Regarding the Proxy Process
- Sharkrepellent
- Contrarian Ripple Trading
- Swingvote
- The Corporate Library
- The Heilbrunn Center for Graham & Dodd Investing
- Value Investing Congress