# Prof. April Klein's paper on hedge fund activism is highlighted

1 April 2, 2012 Fortune ![Fortune logo](/sites/default/files/styles/246w/public/assets/images/con_031172.jpg?itok=61CxYB-R)>

Excerpt from [Fortune](http://management.fortune.cnn.com/2012/04/02/yahoo-activist-investors/?section=magazines_fortune) -- "In a paper published in 2009, NYU Stern School of Business professor [April Klein](http://www.stern.nyu.edu/faculty/bio/april-klein) looked at 151 activist hedge fund targets between 2003 and 2005. She found that out of those 151 targets, activist shareholders received a seat on the board about 44% of the time."

[Read more](http://management.fortune.cnn.com/2012/04/02/yahoo-activist-investors/?section=magazines_fortune)