Oct
04
Hedge Fund Targets Companies’ Weakness: The Gender Gap
ByDianne McKeever of Ides Capital in Manhattan says diversification is a missing part of the typical activist investing strategy. Credit Edwin Tse for The New York Times
The chief executive at a plastics company was playing golf. A lot of golf.
The activist hedge fund the Barington Capital Group, through a website that tracked golfers’ handicaps, found that the chief executive was routinely playing 18 holes or more on weekdays, even as the company’s stock price was lagging.
It was that finding a decade ago that helped shape the career of Dianne McKeever, then a partner at Barington…