Eric Rosenfeld's Activism Comes with Lyrics

Crescendo Partners founder and CEO Eric RosenfeldIt's a cold morning in Boston, and another dry hedge fund conference panel is wrapping up. Suddenly Eric S. Rosenfeld, founder and CEO of New York-based Crescendo Partners, steps down from the speaker's platform and strolls out front to face...

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Bibliographic Details
Published in:	AR: Absolute Return + Alpha 2013-08
Main Author:	Speizer, Irwin
Format:	Article
Language:	eng
Subjects:	Activists Arbitrage Chief executive officers Financial performance Government contracts Hedge funds Institutional investments Investment policy Management styles Market strategy Securities buybacks Shareholder activism Stock prices
Online Access:	Get full text
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Summary:	Crescendo Partners founder and CEO Eric RosenfeldIt's a cold morning in Boston, and another dry hedge fund conference panel is wrapping up. Suddenly Eric S. Rosenfeld, founder and CEO of New York-based Crescendo Partners, steps down from the speaker's platform and strolls out front to face the audience. Music that sounds vaguely like a Broadway show tune starts blaring from the room's speakers. Rosenfeld's voice begins to fill the room. In a big, earnest tenor, he sings what could be the Barbra Streisand number Don't Rain on My Parade from Funny Girl, except Rosenfeld has substituted his own lyrics, titled Don't Mess with My Charade, about CEOs trying to hide their company's problems. The full Rosenfeld is what investors get when they place their money with Crescendo, an activist hedge fund that has racked up a solid record of performance since its founding in 1998.
ISSN:	2151-1837 2151-1845