I’m in the last year of my law PhD on the topic of corporate wrongdoing. My main focus in equity research is following up on companies that have been targeted by activist short sellers. I have found these interesting because:i) they are typically undercovered – many investors do not want to invest in things that they perceive carry unquantifiable legal, regulatory, or managerial risk. ii) the stock is often volatile and presents asymmetric risk/reward profiles. iii) they are interesting to research as beyond financial analysis, extra attention has to be paid to accounting, legal, and regulatory specifics as well as the judgments and stories of management.
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