IMAP Researchers Publish Hedge Fund Activism Paper

Back in the spring of 2021, a hedge fund called Engine Number 1 was able to elect three of its candidates to the ExxonMobil Board of Directors, making news headlines. IMAP-funded faculty, Nalin Kulatilaka and Robert Kaufmann, delved into the motives behind Engine Number 1’s goals and the ultimate impact the activism had on ExxonMobil’s stock returns. Read their analysis and paper here. (Please note, this link will expire on October 25.)