News & Resources

Freedman Quoted in Law360 Story Regarding Increased Use of Single-Stock Funds by Activist Investors

October 16, 2013

Olshan Partner Andrew Freedman was quoted as an expert in a Law360 article (subscription required) regarding the increasing use by activist investors of single-stock fund structures for building substantial positions in large market cap companies.  A single-stock fund, also known as a “special purpose vehicle” or “single-company fund,” is a fund typically within a broader fund structure that seeks to raise money for a concentrated investment in a single company.  Freedman is quoted as saying that the “…single-stock structure … gives the fund the flexibility to build a concentrated position in these larger market cap targets” and “now that activist and event-driven funds are all the rage” the use of such single-stock funds could fuel speculation and “a guessing game among analysts and journalists alike as to what targets the activists are chasing next.”

Attorneys