Silicon Valley Firms Won’t Be Calling activist Jesse Cohn’s Bluff Anymore

June 1st, 2015
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With his reputation as a notoriously successful bluffer firmly entrenched in Silicon Valley board rooms, Jesse Cohn is making a move to stack the deck in his favor the next time he offers a buyout. According to Bloomberg News, the activist hedge fund manager at Elliott Management is beefing up his private-equity capacity in order to let the board rooms know he’s no longer bluffing.

As an activist investor, Jesse Cohn is best known for making buyout offers to companies in which he holds a minority stake. Although his offers were typically perceived as bluffs, his activism had the weight to force the sale of several companies, such as Riverbed Technology Inc., generating a sizable profit on his minority stake. By adding the private-equity component to his strategy, his offers (or bluffs) will have more heft in minority stake plays, and he can benefit from longer-term returns should take a full ownership position as a private-equity investor.

Elliott currently sits at number 12 on HedgeTracker's Top Activist Hedge Fund List.
For Detailed Investor Profiles on these Investors, click below:
Elliott Management Corporation
Related People: Brian Miller*; Gordon Singer; Jon Pollock; Paul Singer
Related Entities: Elliott Associates; Elliott International; Elliott Management Corp
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Launches and Hedge Fund Closings

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