Tuesday, 11 September 2007

OECD report on hedge funds and private equity "activism"

Just a link to this report from the OECD on the activism of the two alternative asset classes that tend to trouble trade unionists and lefties generally the most. Haven't read it yet, wil try and post something on it once I have. It sounds like the OECD is pretty positive about the role of both.

Here's a letter AFL-CIO president John Sweeney on the subject.

And here's the blurb from the OECD on the report:

The OECD Steering Group concluded at its recent meeting that “activist” hedge funds and private equity firms can play a positive role in corporate governance of publicly held companies. The corporate governance practices of private equity firms and hedge funds are best addressed within the framework of the existing OECD Principles of Corporate Governance so that a separate code is not necessary.

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