Topic
Hedge Fund
511 published works
The CLS Blue Sky Blog
How Shareholder Activism in the U.S. and Japan Converged
In a recently published paper I argue that the recent surge in shareholder activism in Japan is not simply the product of Japanese policy reforms. Rather, it results from a…
The CLS Blue Sky Blog
How Hedge Fund Activism Creates Value in Family Firms
Hedge fund investors play an increasingly influential role in shaping corporate behavior, yet their broader economic and social effects remain the subject of debate. In a new paper, we examine…
Healthcare Law Blog
California Enacts SB 351: New Law Aimed at Limiting Private Equity Influence on Healthcare Businesses
By Jordan Grushkin, Rick Rifenbark, John Golembesky
On Monday, October 6, 2026, Governor Gavin Newsom signed into law SB 351, which codifies restrictions on private equity firms and hedge funds from influencing the clinical decision-making of California…
Compliance Building
SEC Report on Beneficial Ownership Concentration and Fund Outcomes for Hedge Funds
Ever wonder what the Securities and Exchange Commission does with Form PF data? The SEC’s Division of Economic and Risk Analysis just published a paper analyzing beneficial ownership concentration and…
Securities Law Prof Blog
New Securities Law Articles in Print
The following law review articles relating to securities regulation are now available in paper format:Joseph A. Grundfest, & Mohsen Manesh, Still Abandoned, 79 Bus. Law. 1085 (2024).Rayaan Hossain, Note, Regulating Best Interest: SEC…
Healthcare Law Blog
Update: AB 3129 Passes in California Senate and Nears Finish Line
By Jordan Grushkin, Matthew Goldman
After its passage in the California Senate on August 31, 2024, Assembly Bill No. 3129 (AB 3129) is now headed to Governor Newsom’s desk. As discussed in depth in our…
California Corporate & Securities Law Blog
California Caps Legislative Session By Sending A Weird Hedge Fund Bill To The Governor For A Possible Signature
Last month, I commented on the "weird" definition of "hedge fund" in AB 3129 (Wood). On the last day of the current session, the legislature passed the bill. It is…
California Corporate & Securities Law Blog
California's Legislature Mulls Weird Definition Of "Hedge Fund"
As the California legislature approaches its final recess of the current session, it is continuing to move AB 3129 (Wood), a bill that would according to the bill's digest "require…
Roberts Disability Law Blog
Ninth Circuit Revives ERISA Breach of Fiduciary Duty Claim in Putative Class Action Challenging Decision to Invest in Volatile Hedge Funds
In Johnson, et al. v. Carpenters of Western Washington Board of Trustees, et al., No. 23-35370, 2024 WL 3579492 (9th Cir. July 30, 2024) (Before: Friedland, Mendoza, and Desai, Circuit…
The Capital Commitment
Unrepresentative Returns: SEC Sanctions Hedge Fund Manager for Misleading Marketing Practices
By Robert Pommer, Joshua M. Newville, Robert Sutton
On June 14, 2024, the SEC announced an enforcement action settlement with a Pennsylvania-based hedge fund manager for violating the Marketing Rule under the Investment Advisers Act. The SEC found…