Hedge funds are flexing their activist muscles. They're not flexing them quietly in the privacy of their own boardrooms anymore, though - 2006 may be penned as the year activist funds willingly burst out of the closet, a-kickin' and a-screamin' like Chuck Norris in Way of the Dragon, knuckles flying in a frantic flurry.
However, unlike Chuck Norris, the funds are not trying to pull tufts from the hirsute chests of the Bruce Lee-corporate managers they are taking on. Their battles are being
- Regulators to scrutinise CCP default auctions
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Sefs, Libor fallbacks and risk governance in Asia
- VAR surges, revenues tank at French banks hurt by volatility
- A rush on Libor fallbacks to head off holdouts