David Williams, DLA Piper
In our view the increasing activism of hedge fund managers is now a focus for regulators. Recent high-profile activity (eg the ABN AMRO/RBS deal) as well as the ongoing practice of managers seeking to influence the management of underperforming companies have increased regulatory concerns, particularly in respect of possible market abuse. Now more than ever, managers must make sure their internal controls are sufficient to prevent breaches of market integrity rules. Also of interest to activist
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