Today’s top links (July 8, 2006)

Japanese Investors Step Up Activism
While still in its infancy, Japan’s institutional activism is shocking traditional managements each year with demands for independent board oversight, better disclosure, and warnings against entrenchment measures that sap shareholder value.

Shareholder revolt scuttles NZ merger plan
Rickey Ward of Tyndall Asset Management says the deal was clearly the biggest one ever scuttled by the combined efforts of New Zealand’s fund managers.

US portfolio trades at US$2 trillion
As US institutions cut costs by conducting a growing share of their equity trading business as portfolio trades, buy-side portfolio managers and traders are also taking advantage of an additional benefit of portfolio trading: reduced research costs.

Income trusts propel Canadian IPOs in 2006-survey
The value of initial public offerings in Canada grew by nearly 50 percent in the first half of this year as income trusts continued to drive the new issuance market, according to a survey released on Thursday.

Related posts:

1. NIRI’s earnings guidance survey makes no sense
2. Canada’s good governance hypocrites
3. Think retail investors are irrelevant? The feeling’s mutual
4. Footnote links improve financial statement usability
5. Who said the sell-side is dead?

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