Activist Hedge Funds
Fellas, what kind of background/skillset is required to join such a fund?
Are their strategies pretty much "sell off assets or we sell your assets"?
Resources would be great...
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http://knowledge.wharton.upen
http://knowledge.wharton.upenn.edu/papers/1338.pdf
the abstract has what activist hedge fund strategy is all about
the better hedge funds that
the better hedge funds that employ activist strategies are run by some extraordinarily high profile managers (icahn, loeb, falcone, hohn, etc) and are consequently going to be very difficult to get into. best bet would be banking or research and likely some buy side experience with a smaller fund. activist funds go to court pretty frequently too so i'd imagine a law background could get you in as well.
good activists use pretty much every angle they can (read about TCI&3G vs. CSX to get an idea) but a lot of the times they'll take a very focused approach- if you've followed icahn yahoo it can sometimes just be a glorified merger arb.