id	sid	tid	token	lemma	pos
cblr-2961	1	1	is	be	AUX
cblr-2961	1	2	hedge	hedge	NOUN
cblr-2961	1	3	fund	fund	NOUN
cblr-2961	1	4	activism	activism	NOUN
cblr-2961	1	5	new	new	ADJ
cblr-2961	1	6	hope	hope	NOUN
cblr-2961	1	7	for	for	ADP
cblr-2961	1	8	the	the	DET
cblr-2961	1	9	market	market	NOUN
cblr-2961	1	10	is	be	AUX
cblr-2961	1	11	hedge	hedge	NOUN
cblr-2961	1	12	fund	fund	NOUN
cblr-2961	1	13	activism	activism	NOUN
cblr-2961	1	14	new	new	ADJ
cblr-2961	1	15	hope	hope	NOUN
cblr-2961	1	16	for	for	ADP
cblr-2961	1	17	the	the	DET
cblr-2961	1	18	market	market	NOUN
cblr-2961	1	19	?	?	PUNCT
cblr-2961	2	1	kuang	kuang	PROPN
cblr-2961	2	2	-	-	PUNCT
cblr-2961	2	3	wei	wei	PROPN
cblr-2961	2	4	chueh	chueh	PROPN
cblr-2961	2	5	*	*	PROPN
cblr-2961	2	6	i.	i.	PROPN
cblr-2961	2	7	introduction	introduction	NOUN
cblr-2961	2	8	................................................................	................................................................	PUNCT
cblr-2961	2	9	725	725	NUM
cblr-2961	2	10	ii	ii	NOUN
cblr-2961	2	11	.	.	PUNCT
cblr-2961	3	1	an	an	DET
cblr-2961	3	2	introduction	introduction	NOUN
cblr-2961	3	3	to	to	PART
cblr-2961	3	4	hedge	hedge	VERB
cblr-2961	3	5	fund	fund	NOUN
cblr-2961	3	6	activism	activism	NOUN
cblr-2961	3	7	.................	.................	PUNCT
cblr-2961	3	8	726	726	NUM
cblr-2961	3	9	a.	a.	NOUN
cblr-2961	3	10	w	w	PROPN
cblr-2961	3	11	hat	hat	NOUN
cblr-2961	3	12	is	be	AUX
cblr-2961	3	13	a	a	DET
cblr-2961	3	14	hedge	hedge	NOUN
cblr-2961	3	15	fund	fund	NOUN
cblr-2961	3	16	?	?	PUNCT
cblr-2961	3	17	.....................	.....................	PUNCT
cblr-2961	3	18	.	.	PUNCT
cblr-2961	3	19	.	.	PUNCT
cblr-2961	3	20	.	.	PUNCT
cblr-2961	3	21	.	.	PUNCT
cblr-2961	3	22	.	.	PUNCT
cblr-2961	3	23	.	.	PUNCT
cblr-2961	3	24	.	.	PUNCT
cblr-2961	3	25	.	.	PUNCT
cblr-2961	3	26	.	.	PUNCT
cblr-2961	3	27	.	.	PUNCT
cblr-2961	3	28	.	.	PUNCT
cblr-2961	3	29	.	.	PUNCT
cblr-2961	3	30	.	.	PUNCT
cblr-2961	3	31	.	.	PUNCT
cblr-2961	3	32	.	.	PUNCT
cblr-2961	3	33	.	.	PUNCT
cblr-2961	3	34	.	.	PUNCT
cblr-2961	4	1	.	.	PUNCT
cblr-2961	5	1	726	726	NUM
cblr-2961	5	2	b.	b.	NOUN
cblr-2961	5	3	the	the	DET
cblr-2961	5	4	meaning	meaning	NOUN
cblr-2961	5	5	of	of	ADP
cblr-2961	5	6	hedge	hedge	NOUN
cblr-2961	5	7	fund	fund	NOUN
cblr-2961	5	8	activism	activism	NOUN
cblr-2961	5	9	and	and	CCONJ
cblr-2961	5	10	its	its	PRON
cblr-2961	5	11	potential	potential	ADJ
cblr-2961	5	12	prom	prom	PROPN
cblr-2961	5	13	ise	ise	PROPN
cblr-2961	5	14	................................................	................................................	PUNCT
cblr-2961	6	1	729	729	NUM
cblr-2961	6	2	c.	c.	NOUN
cblr-2961	6	3	comparing	compare	VERB
cblr-2961	6	4	hedge	hedge	NOUN
cblr-2961	6	5	funds	fund	NOUN
cblr-2961	6	6	,	,	PUNCT
cblr-2961	6	7	mutual	mutual	ADJ
cblr-2961	6	8	funds	fund	NOUN
cblr-2961	6	9	,	,	PUNCT
cblr-2961	6	10	and	and	CCONJ
cblr-2961	6	11	public	public	ADJ
cblr-2961	6	12	pension	pension	NOUN
cblr-2961	6	13	funds	fund	NOUN
cblr-2961	6	14	..........................................	..........................................	PUNCT
cblr-2961	7	1	732	732	NUM
cblr-2961	7	2	1	1	NUM
cblr-2961	7	3	.	.	PUNCT
cblr-2961	8	1	the	the	DET
cblr-2961	8	2	differences	difference	NOUN
cblr-2961	8	3	between	between	ADP
cblr-2961	8	4	hedge	hedge	NOUN
cblr-2961	8	5	funds	fund	NOUN
cblr-2961	8	6	and	and	CCONJ
cblr-2961	8	7	m	m	PRON
cblr-2961	8	8	utual	utual	ADJ
cblr-2961	8	9	funds	fund	NOUN
cblr-2961	8	10	.................................................	.................................................	PUNCT
cblr-2961	8	11	733	733	NUM
cblr-2961	8	12	i.	i.	NOUN
cblr-2961	8	13	regulatory	regulatory	ADJ
cblr-2961	8	14	differences	difference	NOUN
cblr-2961	8	15	.............................	.............................	PUNCT
cblr-2961	8	16	734	734	NUM
cblr-2961	8	17	ii	ii	NOUN
cblr-2961	8	18	.	.	PUNCT
cblr-2961	9	1	practical	practical	ADJ
cblr-2961	9	2	differences	difference	NOUN
cblr-2961	9	3	................................	................................	PUNCT
cblr-2961	10	1	738	738	NUM
cblr-2961	10	2	2	2	NUM
cblr-2961	10	3	.	.	PUNCT
cblr-2961	11	1	the	the	DET
cblr-2961	11	2	differences	difference	NOUN
cblr-2961	11	3	between	between	ADP
cblr-2961	11	4	public	public	ADJ
cblr-2961	11	5	pension	pension	NOUN
cblr-2961	11	6	funds	fund	NOUN
cblr-2961	11	7	and	and	CCONJ
cblr-2961	11	8	hedge	hedge	NOUN
cblr-2961	11	9	funds	fund	NOUN
cblr-2961	11	10	................................	................................	PUNCT
cblr-2961	11	11	740	740	NUM
cblr-2961	11	12	iii	iii	NOUN
cblr-2961	11	13	.	.	PUNCT
cblr-2961	12	1	concerns	concern	NOUN
cblr-2961	12	2	about	about	ADP
cblr-2961	12	3	hedge	hedge	NOUN
cblr-2961	12	4	fund	fund	NOUN
cblr-2961	12	5	activism	activism	NOUN
cblr-2961	12	6	.....................	.....................	PUNCT
cblr-2961	12	7	742	742	NUM
cblr-2961	12	8	a.	a.	NOUN
cblr-2961	12	9	short	short	ADJ
cblr-2961	12	10	-	-	PUNCT
cblr-2961	12	11	termism	termism	NOUN
cblr-2961	12	12	of	of	ADP
cblr-2961	12	13	hedge	hedge	NOUN
cblr-2961	12	14	funds	fund	NOUN
cblr-2961	12	15	..........................	..........................	PUNCT
cblr-2961	13	1	743	743	NUM
cblr-2961	13	2	b.	b.	PROPN
cblr-2961	13	3	the	the	DET
cblr-2961	13	4	empty	empty	ADJ
cblr-2961	13	5	and	and	CCONJ
cblr-2961	13	6	negative	negative	ADJ
cblr-2961	13	7	voting	voting	NOUN
cblr-2961	13	8	problems	problem	NOUN
cblr-2961	13	9	........	........	PUNCT
cblr-2961	13	10	745	745	NUM
cblr-2961	13	11	iv	iv	NOUN
cblr-2961	13	12	.	.	PUNCT
cblr-2961	14	1	the	the	DET
cblr-2961	14	2	alleged	alleged	ADJ
cblr-2961	14	3	risk	risk	NOUN
cblr-2961	14	4	of	of	ADP
cblr-2961	14	5	short	short	ADJ
cblr-2961	14	6	-	-	PUNCT
cblr-2961	14	7	termism	termism	NOUN
cblr-2961	14	8	is	be	AUX
cblr-2961	14	9	likely	likely	ADJ
cblr-2961	14	10	o	o	NOUN
cblr-2961	14	11	verstated	verstate	VERB
cblr-2961	14	12	..................................................................	..................................................................	PUNCT
cblr-2961	14	13	747	747	NUM
cblr-2961	14	14	a.	a.	NOUN
cblr-2961	14	15	mistaken	mistaken	PROPN
cblr-2961	14	16	assumptions	assumption	NOUN
cblr-2961	14	17	about	about	ADP
cblr-2961	14	18	hedge	hedge	NOUN
cblr-2961	14	19	fund	fund	NOUN
cblr-2961	14	20	a	a	DET
cblr-2961	14	21	ctivists	ctivist	NOUN
cblr-2961	14	22	................................................................	................................................................	PUNCT
cblr-2961	14	23	748	748	NUM
cblr-2961	14	24	1	1	NUM
cblr-2961	14	25	.	.	PUNCT
cblr-2961	14	26	hedge	hedge	NOUN
cblr-2961	14	27	fund	fund	NOUN
cblr-2961	14	28	activists	activist	NOUN
cblr-2961	14	29	are	be	AUX
cblr-2961	14	30	not	not	PART
cblr-2961	14	31	extreme	extreme	ADJ
cblr-2961	14	32	short	short	ADJ
cblr-2961	14	33	-	-	PUNCT
cblr-2961	14	34	term	term	NOUN
cblr-2961	14	35	equity	equity	NOUN
cblr-2961	14	36	holders	holder	NOUN
cblr-2961	14	37	and	and	CCONJ
cblr-2961	14	38	are	be	AUX
cblr-2961	14	39	not	not	PART
cblr-2961	14	40	necessarily	necessarily	ADV
cblr-2961	14	41	more	more	ADV
cblr-2961	14	42	myopic	myopic	ADJ
cblr-2961	14	43	than	than	ADP
cblr-2961	14	44	corporate	corporate	ADJ
cblr-2961	14	45	m	m	NOUN
cblr-2961	14	46	anagers	anager	NOUN
cblr-2961	14	47	........................................................	........................................................	PUNCT
cblr-2961	15	1	748	748	NUM
cblr-2961	15	2	*	*	PUNCT
cblr-2961	15	3	j.d	j.d	PROPN
cblr-2961	15	4	.	.	PROPN
cblr-2961	15	5	candidate	candidate	NOUN
cblr-2961	15	6	2009	2009	NUM
cblr-2961	15	7	,	,	PUNCT
cblr-2961	15	8	columbia	columbia	PROPN
cblr-2961	15	9	university	university	PROPN
cblr-2961	15	10	school	school	NOUN
cblr-2961	15	11	of	of	ADP
cblr-2961	15	12	law	law	NOUN
cblr-2961	15	13	;	;	PUNCT
cblr-2961	16	1	ph.d	ph.d	PROPN
cblr-2961	16	2	.	.	PUNCT
cblr-2961	16	3	candidate	candidate	PROPN
cblr-2961	16	4	2009	2009	NUM
cblr-2961	16	5	,	,	PUNCT
cblr-2961	16	6	national	national	PROPN
cblr-2961	16	7	chengchi	chengchi	PROPN
cblr-2961	16	8	university	university	PROPN
cblr-2961	16	9	college	college	PROPN
cblr-2961	16	10	of	of	ADP
cblr-2961	16	11	commerce	commerce	PROPN
cblr-2961	16	12	(	(	PUNCT
cblr-2961	16	13	taiwan	taiwan	PROPN
cblr-2961	16	14	)	)	PUNCT
cblr-2961	16	15	;	;	PUNCT
cblr-2961	16	16	m.b.a	m.b.a	NOUN
cblr-2961	16	17	.	.	PROPN
cblr-2961	16	18	,	,	PUNCT
cblr-2961	16	19	national	national	PROPN
cblr-2961	16	20	central	central	PROPN
cblr-2961	16	21	university	university	PROPN
cblr-2961	16	22	(	(	PUNCT
cblr-2961	16	23	taiwan	taiwan	PROPN
cblr-2961	16	24	)	)	PUNCT
cblr-2961	16	25	(	(	PUNCT
cblr-2961	16	26	2002	2002	NUM
cblr-2961	16	27	)	)	PUNCT
cblr-2961	16	28	;	;	PUNCT
cblr-2961	16	29	b.a	b.a	PROPN
cblr-2961	16	30	.	.	PROPN
cblr-2961	16	31	&	&	CCONJ
cblr-2961	16	32	l.l.b	l.l.b	PROPN
cblr-2961	16	33	.	.	PROPN
cblr-2961	16	34	,	,	PUNCT
cblr-2961	16	35	national	national	PROPN
cblr-2961	16	36	taiwan	taiwan	PROPN
cblr-2961	16	37	university	university	PROPN
cblr-2961	16	38	(	(	PUNCT
cblr-2961	16	39	2000	2000	NUM
cblr-2961	16	40	)	)	PUNCT
cblr-2961	16	41	.	.	PUNCT
cblr-2961	17	1	the	the	DET
cblr-2961	17	2	author	author	NOUN
cblr-2961	17	3	wishes	wish	VERB
cblr-2961	17	4	to	to	PART
cblr-2961	17	5	thank	thank	VERB
cblr-2961	17	6	professor	professor	PROPN
cblr-2961	17	7	meyer	meyer	PROPN
cblr-2961	17	8	eisenberg	eisenberg	PROPN
cblr-2961	17	9	for	for	ADP
cblr-2961	17	10	his	his	PRON
cblr-2961	17	11	comments	comment	NOUN
cblr-2961	17	12	,	,	PUNCT
cblr-2961	17	13	allison	allison	PROPN
cblr-2961	17	14	m.	m.	PROPN
cblr-2961	17	15	snyder	snyder	PROPN
cblr-2961	17	16	for	for	ADP
cblr-2961	17	17	her	her	PRON
cblr-2961	17	18	thoughtful	thoughtful	ADJ
cblr-2961	17	19	advice	advice	NOUN
cblr-2961	17	20	and	and	CCONJ
cblr-2961	17	21	editing	edit	VERB
cblr-2961	17	22	assistance	assistance	NOUN
cblr-2961	17	23	,	,	PUNCT
cblr-2961	17	24	and	and	CCONJ
cblr-2961	17	25	other	other	ADJ
cblr-2961	17	26	survey	survey	NOUN
cblr-2961	17	27	team	team	NOUN
cblr-2961	17	28	members	member	NOUN
cblr-2961	17	29	.	.	PUNCT
cblr-2961	18	1	2	2	X
cblr-2961	18	2	.	.	X
cblr-2961	18	3	long	long	ADJ
cblr-2961	18	4	-	-	PUNCT
cblr-2961	18	5	term	term	NOUN
cblr-2961	18	6	investment	investment	NOUN
cblr-2961	18	7	does	do	AUX
cblr-2961	18	8	not	not	PART
cblr-2961	18	9	decline	decline	VERB
cblr-2961	18	10	drastically	drastically	ADV
cblr-2961	18	11	in	in	ADP
cblr-2961	18	12	hedge	hedge	NOUN
cblr-2961	18	13	fund	fund	NOUN
cblr-2961	18	14	activists	activist	NOUN
cblr-2961	18	15	'	'	PART
cblr-2961	18	16	t	t	NOUN
cblr-2961	18	17	argets	arget	NOUN
cblr-2961	18	18	............................................................	............................................................	PUNCT
cblr-2961	19	1	750	750	NUM
cblr-2961	19	2	3	3	X
cblr-2961	19	3	.	.	PUNCT
cblr-2961	19	4	hedge	hedge	NOUN
cblr-2961	19	5	fund	fund	PROPN
cblr-2961	19	6	activism	activism	NOUN
cblr-2961	19	7	is	be	AUX
cblr-2961	19	8	value	value	NOUN
cblr-2961	19	9	-	-	PUNCT
cblr-2961	19	10	increasing	increase	VERB
cblr-2961	19	11	...	...	PUNCT
cblr-2961	20	1	751	751	NUM
cblr-2961	20	2	b.	b.	NOUN
cblr-2961	20	3	counterbalance	counterbalance	NOUN
cblr-2961	20	4	from	from	ADP
cblr-2961	20	5	other	other	ADJ
cblr-2961	20	6	investors	investor	NOUN
cblr-2961	20	7	and	and	CCONJ
cblr-2961	20	8	reputational	reputational	ADJ
cblr-2961	20	9	sanctions	sanction	NOUN
cblr-2961	20	10	deter	deter	VERB
cblr-2961	20	11	valuedecreasing	valuedecreasing	NOUN
cblr-2961	20	12	activists	activist	NOUN
cblr-2961	20	13	............................................	............................................	PUNCT
cblr-2961	20	14	754	754	NUM
cblr-2961	20	15	v	v	NOUN
cblr-2961	20	16	.	.	PUNCT
cblr-2961	21	1	c	c	PROPN
cblr-2961	21	2	onclusion	onclusion	NOUN
cblr-2961	21	3	..................................................................	..................................................................	PUNCT
cblr-2961	21	4	758	758	NUM
cblr-2961	21	5	i.	i.	NOUN
cblr-2961	21	6	introduction	introduction	NOUN
cblr-2961	21	7	the	the	DET
cblr-2961	21	8	american	american	ADJ
cblr-2961	21	9	corporate	corporate	ADJ
cblr-2961	21	10	system	system	NOUN
cblr-2961	21	11	is	be	AUX
cblr-2961	21	12	characterized	characterize	VERB
cblr-2961	21	13	by	by	ADP
cblr-2961	21	14	separation	separation	NOUN
cblr-2961	21	15	of	of	ADP
cblr-2961	21	16	ownership	ownership	NOUN
cblr-2961	21	17	and	and	CCONJ
cblr-2961	21	18	control	control	NOUN
cblr-2961	21	19	.	.	PUNCT
cblr-2961	22	1	i	i	PRON
cblr-2961	22	2	in	in	ADP
cblr-2961	22	3	theory	theory	NOUN
cblr-2961	22	4	,	,	PUNCT
cblr-2961	22	5	shareholders	shareholder	NOUN
cblr-2961	22	6	monitor	monitor	VERB
cblr-2961	22	7	the	the	DET
cblr-2961	22	8	elected	elect	VERB
cblr-2961	22	9	directors	director	NOUN
cblr-2961	22	10	,	,	PUNCT
cblr-2961	22	11	who	who	PRON
cblr-2961	22	12	manage	manage	VERB
cblr-2961	22	13	the	the	DET
cblr-2961	22	14	company	company	NOUN
cblr-2961	22	15	as	as	ADP
cblr-2961	22	16	the	the	DET
cblr-2961	22	17	shareholders	shareholder	NOUN
cblr-2961	22	18	'	'	PART
cblr-2961	22	19	fiduciaries.2	fiduciaries.2	NOUN
cblr-2961	22	20	however	however	ADV
cblr-2961	22	21	,	,	PUNCT
cblr-2961	22	22	many	many	ADJ
cblr-2961	22	23	experts	expert	NOUN
cblr-2961	22	24	regard	regard	VERB
cblr-2961	22	25	shareholder	shareholder	NOUN
cblr-2961	22	26	passivity	passivity	NOUN
cblr-2961	22	27	as	as	ADP
cblr-2961	22	28	inevitable	inevitable	ADJ
cblr-2961	22	29	.	.	PUNCT
cblr-2961	22	30	'	'	PUNCT
cblr-2961	23	1	this	this	PRON
cblr-2961	23	2	is	be	AUX
cblr-2961	23	3	troubling	troubling	ADJ
cblr-2961	23	4	because	because	SCONJ
cblr-2961	23	5	without	without	ADP
cblr-2961	23	6	robust	robust	ADJ
cblr-2961	23	7	monitoring	monitoring	NOUN
cblr-2961	23	8	,	,	PUNCT
cblr-2961	23	9	managers	manager	NOUN
cblr-2961	23	10	can	can	AUX
cblr-2961	23	11	use	use	VERB
cblr-2961	23	12	their	their	PRON
cblr-2961	23	13	discretion	discretion	NOUN
cblr-2961	23	14	to	to	PART
cblr-2961	23	15	make	make	VERB
cblr-2961	23	16	business	business	NOUN
cblr-2961	23	17	decisions	decision	NOUN
cblr-2961	23	18	that	that	PRON
cblr-2961	23	19	benefit	benefit	VERB
cblr-2961	23	20	themselves	themselves	PRON
cblr-2961	23	21	at	at	ADP
cblr-2961	23	22	the	the	DET
cblr-2961	23	23	cost	cost	NOUN
cblr-2961	23	24	of	of	ADP
cblr-2961	23	25	shareholders.4	shareholders.4	PROPN
cblr-2961	23	26	the	the	DET
cblr-2961	23	27	emergence	emergence	NOUN
cblr-2961	23	28	of	of	ADP
cblr-2961	23	29	hedge	hedge	NOUN
cblr-2961	23	30	fund	fund	NOUN
cblr-2961	23	31	activism	activism	NOUN
cblr-2961	23	32	may	may	AUX
cblr-2961	23	33	offer	offer	VERB
cblr-2961	23	34	new	new	ADJ
cblr-2961	23	35	solutions	solution	NOUN
cblr-2961	23	36	to	to	ADP
cblr-2961	23	37	the	the	DET
cblr-2961	23	38	shareholder	shareholder	NOUN
cblr-2961	23	39	passivity	passivity	NOUN
cblr-2961	23	40	dilemma	dilemma	NOUN
cblr-2961	23	41	as	as	SCONJ
cblr-2961	23	42	hedge	hedge	NOUN
cblr-2961	23	43	fund	fund	NOUN
cblr-2961	23	44	activists	activist	NOUN
cblr-2961	23	45	engage	engage	VERB
cblr-2961	23	46	in	in	ADP
cblr-2961	23	47	vigorous	vigorous	ADJ
cblr-2961	23	48	oversight	oversight	NOUN
cblr-2961	23	49	.	.	PUNCT
cblr-2961	24	1	if	if	SCONJ
cblr-2961	24	2	hedge	hedge	NOUN
cblr-2961	24	3	fund	fund	NOUN
cblr-2961	24	4	activists	activist	NOUN
cblr-2961	24	5	'	'	PART
cblr-2961	24	6	interests	interest	NOUN
cblr-2961	24	7	are	be	AUX
cblr-2961	24	8	in	in	ADP
cblr-2961	24	9	line	line	NOUN
cblr-2961	24	10	with	with	ADP
cblr-2961	24	11	the	the	DET
cblr-2961	24	12	interests	interest	NOUN
cblr-2961	24	13	of	of	ADP
cblr-2961	24	14	their	their	PRON
cblr-2961	24	15	target	target	NOUN
cblr-2961	24	16	companies	company	NOUN
cblr-2961	24	17	,	,	PUNCT
cblr-2961	24	18	such	such	ADJ
cblr-2961	24	19	activism	activism	NOUN
cblr-2961	24	20	may	may	AUX
cblr-2961	24	21	enhance	enhance	VERB
cblr-2961	24	22	the	the	DET
cblr-2961	24	23	values	value	NOUN
cblr-2961	24	24	of	of	ADP
cblr-2961	24	25	their	their	PRON
cblr-2961	24	26	target	target	NOUN
cblr-2961	24	27	companies	company	NOUN
cblr-2961	24	28	.	.	PUNCT
cblr-2961	25	1	if	if	SCONJ
cblr-2961	25	2	not	not	PART
cblr-2961	25	3	,	,	PUNCT
cblr-2961	25	4	practitioners	practitioner	NOUN
cblr-2961	25	5	and	and	CCONJ
cblr-2961	25	6	academic	academic	ADJ
cblr-2961	25	7	commentators	commentator	NOUN
cblr-2961	25	8	worry	worry	VERB
cblr-2961	25	9	that	that	SCONJ
cblr-2961	25	10	hedge	hedge	NOUN
cblr-2961	25	11	fund	fund	NOUN
cblr-2961	25	12	activism	activism	NOUN
cblr-2961	25	13	could	could	AUX
cblr-2961	25	14	generate	generate	VERB
cblr-2961	25	15	negative	negative	ADJ
cblr-2961	25	16	results	result	NOUN
cblr-2961	25	17	.	.	PUNCT
cblr-2961	26	1	this	this	DET
cblr-2961	26	2	note	note	NOUN
cblr-2961	26	3	explores	explore	VERB
cblr-2961	26	4	the	the	DET
cblr-2961	26	5	impact	impact	NOUN
cblr-2961	26	6	of	of	ADP
cblr-2961	26	7	hedge	hedge	NOUN
cblr-2961	26	8	fund	fund	NOUN
cblr-2961	26	9	activism	activism	NOUN
cblr-2961	26	10	on	on	ADP
cblr-2961	26	11	the	the	DET
cblr-2961	26	12	market	market	NOUN
cblr-2961	26	13	and	and	CCONJ
cblr-2961	26	14	concludes	conclude	VERB
cblr-2961	26	15	that	that	SCONJ
cblr-2961	26	16	the	the	DET
cblr-2961	26	17	market	market	NOUN
cblr-2961	26	18	as	as	ADP
cblr-2961	26	19	a	a	DET
cblr-2961	26	20	whole	whole	NOUN
cblr-2961	26	21	will	will	AUX
cblr-2961	26	22	likely	likely	ADV
cblr-2961	26	23	benefit	benefit	VERB
cblr-2961	26	24	.	.	PUNCT
cblr-2961	26	25	'	'	PUNCT
cblr-2961	27	1	robert	robert	PROPN
cblr-2961	27	2	c.	c.	PROPN
cblr-2961	27	3	illig	illig	PROPN
cblr-2961	27	4	,	,	PUNCT
cblr-2961	27	5	what	what	PRON
cblr-2961	27	6	hedge	hedge	NOUN
cblr-2961	27	7	funds	fund	NOUN
cblr-2961	27	8	can	can	AUX
cblr-2961	27	9	teach	teach	VERB
cblr-2961	27	10	corporate	corporate	ADJ
cblr-2961	27	11	america	america	PROPN
cblr-2961	27	12	:	:	PUNCT
cblr-2961	27	13	a	a	DET
cblr-2961	27	14	roadmap	roadmap	NOUN
cblr-2961	27	15	for	for	ADP
cblr-2961	27	16	achieving	achieve	VERB
cblr-2961	27	17	institutional	institutional	ADJ
cblr-2961	27	18	investor	investor	NOUN
cblr-2961	27	19	oversight	oversight	NOUN
cblr-2961	27	20	,	,	PUNCT
cblr-2961	27	21	57	57	NUM
cblr-2961	27	22	am	am	NOUN
cblr-2961	27	23	.	.	PUNCT
cblr-2961	28	1	u.	u.	PROPN
cblr-2961	28	2	l.	l.	PROPN
cblr-2961	28	3	rev	rev	PROPN
cblr-2961	28	4	.	.	PROPN
cblr-2961	28	5	225	225	NUM
cblr-2961	28	6	,	,	PUNCT
cblr-2961	28	7	236	236	NUM
cblr-2961	28	8	(	(	PUNCT
cblr-2961	28	9	2007	2007	NUM
cblr-2961	28	10	)	)	PUNCT
cblr-2961	28	11	.	.	PUNCT
cblr-2961	29	1	2	2	NUM
cblr-2961	29	2	bernard	bernard	PROPN
cblr-2961	29	3	s.	s.	PROPN
cblr-2961	29	4	black	black	PROPN
cblr-2961	29	5	,	,	PUNCT
cblr-2961	29	6	shareholder	shareholder	NOUN
cblr-2961	29	7	passivity	passivity	NOUN
cblr-2961	29	8	reexamined	reexamine	VERB
cblr-2961	29	9	,	,	PUNCT
cblr-2961	29	10	89	89	NUM
cblr-2961	29	11	mich	mich	PROPN
cblr-2961	29	12	.	.	PUNCT
cblr-2961	30	1	l.	l.	PROPN
cblr-2961	30	2	rev	rev	PROPN
cblr-2961	30	3	.	.	PROPN
cblr-2961	30	4	520	520	NUM
cblr-2961	30	5	,	,	PUNCT
cblr-2961	30	6	521	521	NUM
cblr-2961	30	7	(	(	PUNCT
cblr-2961	30	8	1990	1990	NUM
cblr-2961	30	9	)	)	PUNCT
cblr-2961	30	10	.	.	PUNCT
cblr-2961	30	11	'	'	PUNCT
cblr-2961	31	1	i	i	PRON
cblr-2961	31	2	d.	d.	VERB
cblr-2961	31	3	at	at	ADP
cblr-2961	31	4	522	522	NUM
cblr-2961	31	5	(	(	PUNCT
cblr-2961	31	6	"	"	PUNCT
cblr-2961	31	7	most	most	ADJ
cblr-2961	31	8	modern	modern	ADJ
cblr-2961	31	9	corporate	corporate	ADJ
cblr-2961	31	10	scholars	scholar	NOUN
cblr-2961	31	11	,	,	PUNCT
cblr-2961	31	12	especially	especially	ADV
cblr-2961	31	13	those	those	PRON
cblr-2961	31	14	with	with	ADP
cblr-2961	31	15	a	a	DET
cblr-2961	31	16	law	law	NOUN
cblr-2961	31	17	-	-	PUNCT
cblr-2961	31	18	and	and	CCONJ
cblr-2961	31	19	-	-	PUNCT
cblr-2961	31	20	economics	economics	NOUN
cblr-2961	31	21	bent	bent	ADJ
cblr-2961	31	22	,	,	PUNCT
cblr-2961	31	23	accept	accept	VERB
cblr-2961	31	24	shareholder	shareholder	NOUN
cblr-2961	31	25	passivity	passivity	NOUN
cblr-2961	31	26	as	as	ADP
cblr-2961	31	27	inevitable	inevitable	ADJ
cblr-2961	31	28	.	.	PUNCT
cblr-2961	31	29	"	"	PUNCT
cblr-2961	31	30	)	)	PUNCT
cblr-2961	31	31	.	.	PUNCT
cblr-2961	32	1	"	"	PUNCT
cblr-2961	32	2	illig	illig	PROPN
cblr-2961	32	3	,	,	PUNCT
cblr-2961	32	4	supra	supra	PROPN
cblr-2961	32	5	note	note	PROPN
cblr-2961	32	6	1	1	NUM
cblr-2961	32	7	(	(	PUNCT
cblr-2961	32	8	arguing	argue	VERB
cblr-2961	32	9	that	that	SCONJ
cblr-2961	32	10	the	the	DET
cblr-2961	32	11	scandals	scandal	NOUN
cblr-2961	32	12	of	of	ADP
cblr-2961	32	13	enron	enron	PROPN
cblr-2961	32	14	and	and	CCONJ
cblr-2961	32	15	worldcom	worldcom	PROPN
cblr-2961	32	16	are	be	AUX
cblr-2961	32	17	manifestations	manifestation	NOUN
cblr-2961	32	18	of	of	ADP
cblr-2961	32	19	the	the	DET
cblr-2961	32	20	phenomenon	phenomenon	NOUN
cblr-2961	32	21	that	that	SCONJ
cblr-2961	32	22	weak	weak	ADJ
cblr-2961	32	23	monitoring	monitoring	NOUN
cblr-2961	32	24	encourages	encourage	VERB
cblr-2961	32	25	managers	manager	NOUN
cblr-2961	32	26	to	to	PART
cblr-2961	32	27	pursue	pursue	VERB
cblr-2961	32	28	their	their	PRON
cblr-2961	32	29	own	own	ADJ
cblr-2961	32	30	self	self	NOUN
cblr-2961	32	31	interests	interest	NOUN
cblr-2961	32	32	)	)	PUNCT
cblr-2961	32	33	.	.	PUNCT
cblr-2961	33	1	no	no	INTJ
cblr-2961	33	2	.	.	PUNCT
cblr-2961	34	1	2:7241	2:7241	NUM
cblr-2961	34	2	hedge	hedge	NOUN
cblr-2961	34	3	fund	fund	PROPN
cblr-2961	34	4	activism	activism	PROPN
cblr-2961	34	5	part	part	NOUN
cblr-2961	34	6	ii	ii	PROPN
cblr-2961	34	7	of	of	ADP
cblr-2961	34	8	this	this	DET
cblr-2961	34	9	note	note	NOUN
cblr-2961	34	10	briefly	briefly	NOUN
cblr-2961	34	11	introduces	introduce	VERB
cblr-2961	34	12	the	the	DET
cblr-2961	34	13	definition	definition	NOUN
cblr-2961	34	14	of	of	ADP
cblr-2961	34	15	a	a	DET
cblr-2961	34	16	hedge	hedge	NOUN
cblr-2961	34	17	fund	fund	NOUN
cblr-2961	34	18	and	and	CCONJ
cblr-2961	34	19	of	of	ADP
cblr-2961	34	20	hedge	hedge	NOUN
cblr-2961	34	21	fund	fund	NOUN
cblr-2961	34	22	activism	activism	NOUN
cblr-2961	34	23	,	,	PUNCT
cblr-2961	34	24	as	as	ADV
cblr-2961	34	25	well	well	ADV
cblr-2961	34	26	as	as	ADP
cblr-2961	34	27	its	its	PRON
cblr-2961	34	28	potential	potential	ADJ
cblr-2961	34	29	promise	promise	NOUN
cblr-2961	34	30	.	.	PUNCT
cblr-2961	35	1	it	it	PRON
cblr-2961	35	2	also	also	ADV
cblr-2961	35	3	outlines	outline	VERB
cblr-2961	35	4	the	the	DET
cblr-2961	35	5	regulatory	regulatory	ADJ
cblr-2961	35	6	and	and	CCONJ
cblr-2961	35	7	structural	structural	ADJ
cblr-2961	35	8	differences	difference	NOUN
cblr-2961	35	9	between	between	ADP
cblr-2961	35	10	hedge	hedge	NOUN
cblr-2961	35	11	funds	fund	NOUN
cblr-2961	35	12	,	,	PUNCT
cblr-2961	35	13	mutual	mutual	ADJ
cblr-2961	35	14	funds	fund	NOUN
cblr-2961	35	15	,	,	PUNCT
cblr-2961	35	16	and	and	CCONJ
cblr-2961	35	17	public	public	ADJ
cblr-2961	35	18	pension	pension	NOUN
cblr-2961	35	19	funds	fund	NOUN
cblr-2961	35	20	.	.	PUNCT
cblr-2961	36	1	part	part	NOUN
cblr-2961	36	2	iii	iii	NUM
cblr-2961	36	3	introduces	introduce	NOUN
cblr-2961	36	4	commentators	commentator	NOUN
cblr-2961	36	5	'	'	PART
cblr-2961	36	6	concerns	concern	NOUN
cblr-2961	36	7	about	about	ADP
cblr-2961	36	8	hedge	hedge	NOUN
cblr-2961	36	9	fund	fund	NOUN
cblr-2961	36	10	activism	activism	NOUN
cblr-2961	36	11	,	,	PUNCT
cblr-2961	36	12	including	include	VERB
cblr-2961	36	13	"	"	PUNCT
cblr-2961	36	14	shorttermism	shorttermism	NOUN
cblr-2961	36	15	"	"	PUNCT
cblr-2961	36	16	and	and	CCONJ
cblr-2961	36	17	empty	empty	ADJ
cblr-2961	36	18	and	and	CCONJ
cblr-2961	36	19	negative	negative	ADJ
cblr-2961	36	20	voting	voting	NOUN
cblr-2961	36	21	problems	problem	NOUN
cblr-2961	36	22	that	that	PRON
cblr-2961	36	23	result	result	VERB
cblr-2961	36	24	from	from	ADP
cblr-2961	36	25	the	the	DET
cblr-2961	36	26	decoupling	decoupling	NOUN
cblr-2961	36	27	of	of	ADP
cblr-2961	36	28	economic	economic	ADJ
cblr-2961	36	29	interest	interest	NOUN
cblr-2961	36	30	from	from	ADP
cblr-2961	36	31	voting	vote	VERB
cblr-2961	36	32	power	power	NOUN
cblr-2961	36	33	.	.	PUNCT
cblr-2961	37	1	this	this	DET
cblr-2961	37	2	note	note	NOUN
cblr-2961	37	3	only	only	ADV
cblr-2961	37	4	focuses	focus	VERB
cblr-2961	37	5	on	on	ADP
cblr-2961	37	6	short	short	ADJ
cblr-2961	37	7	-	-	PUNCT
cblr-2961	37	8	termism	termism	NOUN
cblr-2961	37	9	because	because	SCONJ
cblr-2961	37	10	decoupling	decouple	VERB
cblr-2961	37	11	is	be	AUX
cblr-2961	37	12	neither	neither	CCONJ
cblr-2961	37	13	a	a	DET
cblr-2961	37	14	unique	unique	ADJ
cblr-2961	37	15	nor	nor	CCONJ
cblr-2961	37	16	intertwined	intertwine	VERB
cblr-2961	37	17	issue	issue	NOUN
cblr-2961	37	18	for	for	ADP
cblr-2961	37	19	hedge	hedge	NOUN
cblr-2961	37	20	funds	fund	NOUN
cblr-2961	37	21	and	and	CCONJ
cblr-2961	37	22	its	its	PRON
cblr-2961	37	23	solution	solution	NOUN
cblr-2961	37	24	will	will	AUX
cblr-2961	37	25	not	not	PART
cblr-2961	37	26	likely	likely	ADV
cblr-2961	37	27	impact	impact	VERB
cblr-2961	37	28	hedge	hedge	NOUN
cblr-2961	37	29	fund	fund	NOUN
cblr-2961	37	30	activism	activism	NOUN
cblr-2961	37	31	.	.	PUNCT
cblr-2961	38	1	part	part	NOUN
cblr-2961	38	2	iv	iv	NUM
cblr-2961	38	3	argues	argue	VERB
cblr-2961	38	4	that	that	SCONJ
cblr-2961	38	5	the	the	DET
cblr-2961	38	6	risk	risk	NOUN
cblr-2961	38	7	of	of	ADP
cblr-2961	38	8	shorttermisim	shorttermisim	NOUN
cblr-2961	38	9	is	be	AUX
cblr-2961	38	10	overstated	overstate	VERB
cblr-2961	38	11	because	because	SCONJ
cblr-2961	38	12	(	(	PUNCT
cblr-2961	38	13	1	1	X
cblr-2961	38	14	)	)	PUNCT
cblr-2961	38	15	the	the	DET
cblr-2961	38	16	assumption	assumption	NOUN
cblr-2961	38	17	that	that	SCONJ
cblr-2961	38	18	hedge	hedge	NOUN
cblr-2961	38	19	fund	fund	NOUN
cblr-2961	38	20	activists	activist	NOUN
cblr-2961	38	21	are	be	AUX
cblr-2961	38	22	extreme	extreme	ADJ
cblr-2961	38	23	short	short	ADJ
cblr-2961	38	24	-	-	PUNCT
cblr-2961	38	25	term	term	NOUN
cblr-2961	38	26	investors	investor	NOUN
cblr-2961	38	27	has	have	AUX
cblr-2961	38	28	not	not	PART
cblr-2961	38	29	been	be	AUX
cblr-2961	38	30	supported	support	VERB
cblr-2961	38	31	;	;	PUNCT
cblr-2961	38	32	(	(	PUNCT
cblr-2961	38	33	2	2	X
cblr-2961	38	34	)	)	PUNCT
cblr-2961	38	35	long	long	ADJ
cblr-2961	38	36	-	-	PUNCT
cblr-2961	38	37	term	term	NOUN
cblr-2961	38	38	investments	investment	NOUN
cblr-2961	38	39	in	in	ADP
cblr-2961	38	40	hedge	hedge	NOUN
cblr-2961	38	41	fund	fund	NOUN
cblr-2961	38	42	targets	target	NOUN
cblr-2961	38	43	have	have	AUX
cblr-2961	38	44	not	not	PART
cblr-2961	38	45	shown	show	VERB
cblr-2961	38	46	a	a	DET
cblr-2961	38	47	drastic	drastic	ADJ
cblr-2961	38	48	decline	decline	NOUN
cblr-2961	38	49	;	;	PUNCT
cblr-2961	38	50	(	(	PUNCT
cblr-2961	38	51	3	3	X
cblr-2961	38	52	)	)	PUNCT
cblr-2961	38	53	hedge	hedge	NOUN
cblr-2961	38	54	fund	fund	NOUN
cblr-2961	38	55	activism	activism	NOUN
cblr-2961	38	56	is	be	AUX
cblr-2961	38	57	,	,	PUNCT
cblr-2961	38	58	on	on	ADP
cblr-2961	38	59	the	the	DET
cblr-2961	38	60	whole	whole	ADJ
cblr-2961	38	61	,	,	PUNCT
cblr-2961	38	62	value	value	NOUN
cblr-2961	38	63	-	-	PUNCT
cblr-2961	38	64	increasing	increase	VERB
cblr-2961	38	65	;	;	PUNCT
cblr-2961	38	66	(	(	PUNCT
cblr-2961	38	67	4	4	X
cblr-2961	38	68	)	)	PUNCT
cblr-2961	38	69	the	the	DET
cblr-2961	38	70	counterbalance	counterbalance	NOUN
cblr-2961	38	71	of	of	ADP
cblr-2961	38	72	other	other	ADJ
cblr-2961	38	73	investors	investor	NOUN
cblr-2961	38	74	and	and	CCONJ
cblr-2961	38	75	reputational	reputational	ADJ
cblr-2961	38	76	sanctions	sanction	NOUN
cblr-2961	38	77	deter	deter	VERB
cblr-2961	38	78	value	value	NOUN
cblr-2961	38	79	decreasing	decrease	VERB
cblr-2961	38	80	activists	activist	NOUN
cblr-2961	38	81	.	.	PUNCT
cblr-2961	39	1	part	part	NOUN
cblr-2961	39	2	v	v	PROPN
cblr-2961	39	3	concludes	conclude	VERB
cblr-2961	39	4	that	that	SCONJ
cblr-2961	39	5	the	the	DET
cblr-2961	39	6	market	market	NOUN
cblr-2961	39	7	is	be	AUX
cblr-2961	39	8	likely	likely	ADJ
cblr-2961	39	9	to	to	PART
cblr-2961	39	10	benefit	benefit	VERB
cblr-2961	39	11	from	from	ADP
cblr-2961	39	12	hedge	hedge	NOUN
cblr-2961	39	13	fund	fund	NOUN
cblr-2961	39	14	activism	activism	NOUN
cblr-2961	39	15	.	.	PUNCT
cblr-2961	40	1	ii	ii	PROPN
cblr-2961	40	2	.	.	PUNCT
cblr-2961	41	1	an	an	DET
cblr-2961	41	2	introduction	introduction	NOUN
cblr-2961	41	3	to	to	PART
cblr-2961	41	4	hedge	hedge	VERB
cblr-2961	41	5	fund	fund	NOUN
cblr-2961	41	6	activism	activism	NOUN
cblr-2961	41	7	a.	a.	NOUN
cblr-2961	41	8	what	what	PRON
cblr-2961	41	9	is	be	AUX
cblr-2961	41	10	a	a	DET
cblr-2961	41	11	hedge	hedge	NOUN
cblr-2961	41	12	fund	fund	NOUN
cblr-2961	41	13	?	?	PUNCT
cblr-2961	42	1	though	though	SCONJ
cblr-2961	42	2	the	the	DET
cblr-2961	42	3	term	term	NOUN
cblr-2961	42	4	"	"	PUNCT
cblr-2961	42	5	hedge	hedge	NOUN
cblr-2961	42	6	fund	fund	NOUN
cblr-2961	42	7	"	"	PUNCT
cblr-2961	42	8	is	be	AUX
cblr-2961	42	9	commonly	commonly	ADV
cblr-2961	42	10	used	use	VERB
cblr-2961	42	11	in	in	ADP
cblr-2961	42	12	newspapers	newspaper	NOUN
cblr-2961	42	13	and	and	CCONJ
cblr-2961	42	14	daily	daily	ADJ
cblr-2961	42	15	conversation	conversation	NOUN
cblr-2961	42	16	,	,	PUNCT
cblr-2961	42	17	'	'	PUNCT
cblr-2961	42	18	it	it	PRON
cblr-2961	42	19	is	be	AUX
cblr-2961	42	20	not	not	PART
cblr-2961	42	21	easy	easy	ADJ
cblr-2961	42	22	to	to	PART
cblr-2961	42	23	define	define	VERB
cblr-2961	42	24	.	.	PUNCT
cblr-2961	43	1	there	there	PRON
cblr-2961	43	2	are	be	VERB
cblr-2961	43	3	no	no	DET
cblr-2961	43	4	statutory	statutory	ADJ
cblr-2961	43	5	or	or	CCONJ
cblr-2961	43	6	universally	universally	ADV
cblr-2961	43	7	accepted	accept	VERB
cblr-2961	43	8	definitions	definition	NOUN
cblr-2961	43	9	of	of	ADP
cblr-2961	43	10	'	'	PUNCT
cblr-2961	43	11	see	see	VERB
cblr-2961	43	12	,	,	PUNCT
cblr-2961	43	13	e.g.	e.g.	ADV
cblr-2961	43	14	,	,	PUNCT
cblr-2961	43	15	andy	andy	PROPN
cblr-2961	43	16	kessler	kessler	PROPN
cblr-2961	43	17	,	,	PUNCT
cblr-2961	43	18	what	what	PRON
cblr-2961	43	19	's	be	AUX
cblr-2961	43	20	next	next	ADJ
cblr-2961	43	21	for	for	ADP
cblr-2961	43	22	the	the	DET
cblr-2961	43	23	banks	bank	NOUN
cblr-2961	43	24	?	?	PUNCT
cblr-2961	43	25	,	,	PUNCT
cblr-2961	43	26	wall	wall	PROPN
cblr-2961	43	27	.	.	PUNCT
cblr-2961	43	28	st	st	PROPN
cblr-2961	43	29	.	.	PROPN
cblr-2961	43	30	j.	j.	PROPN
cblr-2961	43	31	,	,	PUNCT
cblr-2961	43	32	jan	jan	PROPN
cblr-2961	43	33	.	.	PROPN
cblr-2961	43	34	24	24	NUM
cblr-2961	43	35	,	,	PUNCT
cblr-2961	43	36	2008	2008	NUM
cblr-2961	43	37	,	,	PUNCT
cblr-2961	43	38	at	at	ADP
cblr-2961	43	39	a17	a17	PROPN
cblr-2961	43	40	(	(	PUNCT
cblr-2961	43	41	mentioning	mention	VERB
cblr-2961	43	42	that	that	DET
cblr-2961	43	43	hedge	hedge	NOUN
cblr-2961	43	44	funds	fund	NOUN
cblr-2961	43	45	and	and	CCONJ
cblr-2961	43	46	international	international	ADJ
cblr-2961	43	47	investors	investor	NOUN
cblr-2961	43	48	look	look	VERB
cblr-2961	43	49	more	more	ADV
cblr-2961	43	50	forward	forward	ADV
cblr-2961	43	51	to	to	ADP
cblr-2961	43	52	higher	high	ADJ
cblr-2961	43	53	yields	yield	NOUN
cblr-2961	43	54	than	than	ADP
cblr-2961	43	55	government	government	NOUN
cblr-2961	43	56	bonds	bond	NOUN
cblr-2961	43	57	)	)	PUNCT
cblr-2961	43	58	;	;	PUNCT
cblr-2961	43	59	andrew	andrew	PROPN
cblr-2961	43	60	ross	ross	PROPN
cblr-2961	43	61	sorkin	sorkin	PROPN
cblr-2961	43	62	,	,	PUNCT
cblr-2961	43	63	a	a	DET
cblr-2961	43	64	loophole	loophole	NOUN
cblr-2961	43	65	lets	let	VERB
cblr-2961	43	66	a	a	DET
cblr-2961	43	67	foot	foot	NOUN
cblr-2961	43	68	in	in	ADP
cblr-2961	43	69	the	the	DET
cblr-2961	43	70	door	door	NOUN
cblr-2961	43	71	,	,	PUNCT
cblr-2961	43	72	n.y	n.y	PROPN
cblr-2961	43	73	.	.	PROPN
cblr-2961	43	74	times	times	PROPN
cblr-2961	43	75	,	,	PUNCT
cblr-2961	43	76	jan	jan	PROPN
cblr-2961	43	77	.	.	PROPN
cblr-2961	43	78	15	15	NUM
cblr-2961	43	79	,	,	PUNCT
cblr-2961	43	80	2008	2008	NUM
cblr-2961	43	81	,	,	PUNCT
cblr-2961	43	82	at	at	ADP
cblr-2961	43	83	c1	c1	PROPN
cblr-2961	43	84	(	(	PUNCT
cblr-2961	43	85	reporting	report	VERB
cblr-2961	43	86	that	that	SCONJ
cblr-2961	43	87	two	two	NUM
cblr-2961	43	88	hedge	hedge	NOUN
cblr-2961	43	89	funds	fund	NOUN
cblr-2961	43	90	secretly	secretly	ADV
cblr-2961	43	91	acquired	acquire	VERB
cblr-2961	43	92	twentyone	twentyone	PROPN
cblr-2961	43	93	percent	percent	NOUN
cblr-2961	43	94	equity	equity	NOUN
cblr-2961	43	95	stakes	stake	NOUN
cblr-2961	43	96	in	in	ADP
cblr-2961	43	97	cnet	cnet	NOUN
cblr-2961	43	98	and	and	CCONJ
cblr-2961	43	99	planned	plan	VERB
cblr-2961	43	100	to	to	PART
cblr-2961	43	101	launch	launch	VERB
cblr-2961	43	102	a	a	DET
cblr-2961	43	103	proxy	proxy	NOUN
cblr-2961	43	104	fight	fight	NOUN
cblr-2961	43	105	against	against	ADP
cblr-2961	43	106	the	the	DET
cblr-2961	43	107	board	board	NOUN
cblr-2961	43	108	)	)	PUNCT
cblr-2961	43	109	.	.	PUNCT
cblr-2961	44	1	col	col	PROPN
cblr-2961	44	2	umia	umia	PROPN
cblr-2961	44	3	b	b	PROPN
cblr-2961	44	4	usiness	usiness	PROPN
cblr-2961	44	5	la	la	PROPN
cblr-2961	44	6	w	w	PROPN
cblr-2961	44	7	re	re	PROPN
cblr-2961	44	8	vie	vie	PROPN
cblr-2961	44	9	w	w	PROPN
cblr-2961	45	1	[	[	X
cblr-2961	45	2	vol	vol	NOUN
cblr-2961	45	3	.	.	NOUN
cblr-2961	45	4	2008	2008	NUM
cblr-2961	45	5	a	a	DET
cblr-2961	45	6	hedge	hedge	NOUN
cblr-2961	45	7	fund	fund	NOUN
cblr-2961	45	8	.	.	PUNCT
cblr-2961	46	1	6	6	NUM
cblr-2961	46	2	most	most	ADJ
cblr-2961	46	3	definitions	definition	NOUN
cblr-2961	46	4	focus	focus	VERB
cblr-2961	46	5	only	only	ADV
cblr-2961	46	6	on	on	ADP
cblr-2961	46	7	certain	certain	ADJ
cblr-2961	46	8	characteristics	characteristic	NOUN
cblr-2961	46	9	of	of	ADP
cblr-2961	46	10	hedge	hedge	NOUN
cblr-2961	46	11	funds	fund	NOUN
cblr-2961	46	12	.	.	PUNCT
cblr-2961	47	1	some	some	DET
cblr-2961	47	2	definitions	definition	NOUN
cblr-2961	47	3	stress	stress	VERB
cblr-2961	47	4	the	the	DET
cblr-2961	47	5	sophisticated	sophisticated	ADJ
cblr-2961	47	6	investment	investment	NOUN
cblr-2961	47	7	strategies	strategy	NOUN
cblr-2961	47	8	of	of	ADP
cblr-2961	47	9	hedge	hedge	NOUN
cblr-2961	47	10	funds	fund	NOUN
cblr-2961	47	11	and	and	CCONJ
cblr-2961	47	12	the	the	DET
cblr-2961	47	13	traits	trait	NOUN
cblr-2961	47	14	of	of	ADP
cblr-2961	47	15	their	their	PRON
cblr-2961	47	16	investors.7	investors.7	NOUN
cblr-2961	47	17	other	other	ADJ
cblr-2961	47	18	definitions	definition	NOUN
cblr-2961	47	19	emphasize	emphasize	VERB
cblr-2961	47	20	the	the	DET
cblr-2961	47	21	comparatively	comparatively	ADV
cblr-2961	47	22	less	less	ADV
cblr-2961	47	23	regulated	regulated	ADJ
cblr-2961	47	24	status	status	NOUN
cblr-2961	47	25	of	of	ADP
cblr-2961	47	26	hedge	hedge	NOUN
cblr-2961	47	27	funds.8	funds.8	ADJ
cblr-2961	47	28	for	for	ADP
cblr-2961	47	29	example	example	NOUN
cblr-2961	47	30	,	,	PUNCT
cblr-2961	47	31	in	in	ADP
cblr-2961	47	32	goldstein	goldstein	PROPN
cblr-2961	47	33	v.	v.	PROPN
cblr-2961	47	34	sec	sec	PROPN
cblr-2961	47	35	,	,	PUNCT
cblr-2961	47	36	the	the	DET
cblr-2961	47	37	d.c	d.c	PROPN
cblr-2961	47	38	.	.	PROPN
cblr-2961	47	39	circuit	circuit	PROPN
cblr-2961	47	40	suggested	suggest	VERB
cblr-2961	47	41	that	that	SCONJ
cblr-2961	47	42	"	"	PUNCT
cblr-2961	47	43	hedge	hedge	ADJ
cblr-2961	47	44	funds	fund	NOUN
cblr-2961	47	45	may	may	AUX
cblr-2961	47	46	be	be	AUX
cblr-2961	47	47	defined	define	VERB
cblr-2961	47	48	...	...	PUNCT
cblr-2961	47	49	by	by	ADP
cblr-2961	47	50	reference	reference	NOUN
cblr-2961	47	51	to	to	ADP
cblr-2961	47	52	what	what	PRON
cblr-2961	47	53	they	they	PRON
cblr-2961	47	54	are	be	AUX
cblr-2961	47	55	not,"9	not,"9	AUX
cblr-2961	47	56	pointing	point	VERB
cblr-2961	47	57	out	out	ADP
cblr-2961	47	58	that	that	SCONJ
cblr-2961	47	59	hedge	hedge	NOUN
cblr-2961	47	60	funds	fund	NOUN
cblr-2961	47	61	are	be	AUX
cblr-2961	47	62	exempt	exempt	ADJ
cblr-2961	47	63	from	from	ADP
cblr-2961	47	64	the	the	DET
cblr-2961	47	65	investment	investment	NOUN
cblr-2961	47	66	company	company	NOUN
cblr-2961	47	67	act	act	NOUN
cblr-2961	47	68	'	'	PUNCT
cblr-2961	47	69	°	°	PROPN
cblr-2961	47	70	and	and	CCONJ
cblr-2961	47	71	the	the	DET
cblr-2961	47	72	investment	investment	NOUN
cblr-2961	47	73	advisers	adviser	NOUN
cblr-2961	47	74	act	act	VERB
cblr-2961	47	75	of	of	ADP
cblr-2961	47	76	1940	1940	NUM
cblr-2961	47	77	(	(	PUNCT
cblr-2961	47	78	"	"	PUNCT
cblr-2961	47	79	advisers	adviser	NOUN
cblr-2961	47	80	act").1	act").1	NOUN
cblr-2961	47	81	"	"	PUNCT
cblr-2961	47	82	in	in	ADP
cblr-2961	47	83	practice	practice	NOUN
cblr-2961	47	84	,	,	PUNCT
cblr-2961	47	85	the	the	DET
cblr-2961	47	86	structure	structure	NOUN
cblr-2961	47	87	of	of	ADP
cblr-2961	47	88	hedge	hedge	NOUN
cblr-2961	47	89	funds	fund	NOUN
cblr-2961	47	90	is	be	AUX
cblr-2961	47	91	not	not	PART
cblr-2961	47	92	only	only	ADV
cblr-2961	47	93	designed	design	VERB
cblr-2961	47	94	to	to	PART
cblr-2961	47	95	be	be	AUX
cblr-2961	47	96	exempt	exempt	ADJ
cblr-2961	47	97	6	6	NUM
cblr-2961	47	98	jonathan	jonathan	PROPN
cblr-2961	47	99	bevilacqua	bevilacqua	NOUN
cblr-2961	47	100	,	,	PUNCT
cblr-2961	47	101	comment	comment	NOUN
cblr-2961	47	102	,	,	PUNCT
cblr-2961	47	103	convergence	convergence	NOUN
cblr-2961	47	104	and	and	CCONJ
cblr-2961	47	105	divergence	divergence	NOUN
cblr-2961	47	106	:	:	PUNCT
cblr-2961	47	107	blurring	blur	VERB
cblr-2961	47	108	the	the	DET
cblr-2961	47	109	lines	line	NOUN
cblr-2961	47	110	between	between	ADP
cblr-2961	47	111	hedge	hedge	NOUN
cblr-2961	47	112	funds	fund	NOUN
cblr-2961	47	113	and	and	CCONJ
cblr-2961	47	114	private	private	ADJ
cblr-2961	47	115	equity	equity	NOUN
cblr-2961	47	116	funds	fund	NOUN
cblr-2961	47	117	,	,	PUNCT
cblr-2961	47	118	54	54	NUM
cblr-2961	47	119	buff	buff	PROPN
cblr-2961	47	120	.	.	PUNCT
cblr-2961	48	1	l.	l.	PROPN
cblr-2961	48	2	rev	rev	PROPN
cblr-2961	48	3	.	.	PROPN
cblr-2961	48	4	251	251	NUM
cblr-2961	48	5	,	,	PUNCT
cblr-2961	48	6	258	258	NUM
cblr-2961	48	7	(	(	PUNCT
cblr-2961	48	8	2006	2006	NUM
cblr-2961	48	9	)	)	PUNCT
cblr-2961	48	10	.	.	PUNCT
cblr-2961	49	1	7	7	NUM
cblr-2961	49	2	stephen	stephen	PROPN
cblr-2961	49	3	labaton	labaton	PROPN
cblr-2961	49	4	,	,	PUNCT
cblr-2961	49	5	judges	judge	NOUN
cblr-2961	49	6	weigh	weigh	VERB
cblr-2961	49	7	hedge	hedge	NOUN
cblr-2961	49	8	funds	fund	NOUN
cblr-2961	49	9	vs.	vs.	ADP
cblr-2961	49	10	the	the	DET
cblr-2961	49	11	s.e.c	s.e.c	NOUN
cblr-2961	49	12	.	.	PUNCT
cblr-2961	49	13	,	,	PUNCT
cblr-2961	49	14	n.y	n.y	PROPN
cblr-2961	49	15	.	.	PROPN
cblr-2961	49	16	times	times	PROPN
cblr-2961	49	17	,	,	PUNCT
cblr-2961	49	18	dec	dec	PROPN
cblr-2961	49	19	.	.	PROPN
cblr-2961	49	20	10	10	NUM
cblr-2961	49	21	,	,	PUNCT
cblr-2961	49	22	2005	2005	NUM
cblr-2961	49	23	,	,	PUNCT
cblr-2961	49	24	at	at	ADP
cblr-2961	49	25	c1	c1	PROPN
cblr-2961	49	26	(	(	PUNCT
cblr-2961	49	27	defining	define	VERB
cblr-2961	49	28	hedge	hedge	NOUN
cblr-2961	49	29	funds	fund	NOUN
cblr-2961	49	30	as	as	ADP
cblr-2961	49	31	"	"	PUNCT
cblr-2961	49	32	sophisticated	sophisticated	ADJ
cblr-2961	49	33	pools	pool	NOUN
cblr-2961	49	34	of	of	ADP
cblr-2961	49	35	assets	asset	NOUN
cblr-2961	49	36	that	that	PRON
cblr-2961	49	37	are	be	AUX
cblr-2961	49	38	not	not	PART
cblr-2961	49	39	marketed	market	VERB
cblr-2961	49	40	and	and	CCONJ
cblr-2961	49	41	are	be	AUX
cblr-2961	49	42	typically	typically	ADV
cblr-2961	49	43	open	open	ADJ
cblr-2961	49	44	only	only	ADV
cblr-2961	49	45	to	to	ADP
cblr-2961	49	46	wealthy	wealthy	ADJ
cblr-2961	49	47	investors	investor	NOUN
cblr-2961	49	48	"	"	PUNCT
cblr-2961	49	49	)	)	PUNCT
cblr-2961	49	50	.	.	PUNCT
cblr-2961	50	1	8	8	NUM
cblr-2961	50	2	troy	troy	PROPN
cblr-2961	50	3	a.	a.	PROPN
cblr-2961	50	4	paredes	paredes	PROPN
cblr-2961	50	5	,	,	PUNCT
cblr-2961	50	6	on	on	ADP
cblr-2961	50	7	the	the	DET
cblr-2961	50	8	decision	decision	NOUN
cblr-2961	50	9	to	to	PART
cblr-2961	50	10	regulate	regulate	VERB
cblr-2961	50	11	hedge	hedge	ADJ
cblr-2961	50	12	funds	fund	NOUN
cblr-2961	50	13	:	:	PUNCT
cblr-2961	50	14	the	the	DET
cblr-2961	50	15	sec	sec	PROPN
cblr-2961	50	16	's	's	PART
cblr-2961	50	17	regulatory	regulatory	ADJ
cblr-2961	50	18	philosophy	philosophy	NOUN
cblr-2961	50	19	,	,	PUNCT
cblr-2961	50	20	style	style	NOUN
cblr-2961	50	21	,	,	PUNCT
cblr-2961	50	22	and	and	CCONJ
cblr-2961	50	23	mission	mission	NOUN
cblr-2961	50	24	,	,	PUNCT
cblr-2961	50	25	2006	2006	NUM
cblr-2961	50	26	u.	u.	PROPN
cblr-2961	50	27	ill	ill	PROPN
cblr-2961	50	28	.	.	PUNCT
cblr-2961	51	1	l.	l.	PROPN
cblr-2961	51	2	rev	rev	PROPN
cblr-2961	51	3	.	.	PROPN
cblr-2961	51	4	975	975	NUM
cblr-2961	51	5	,	,	PUNCT
cblr-2961	51	6	976	976	NUM
cblr-2961	51	7	(	(	PUNCT
cblr-2961	51	8	2006	2006	NUM
cblr-2961	51	9	)	)	PUNCT
cblr-2961	51	10	(	(	PUNCT
cblr-2961	51	11	"	"	PUNCT
cblr-2961	51	12	in	in	ADP
cblr-2961	51	13	large	large	ADJ
cblr-2961	51	14	part	part	NOUN
cblr-2961	51	15	,	,	PUNCT
cblr-2961	51	16	hedge	hedge	NOUN
cblr-2961	51	17	funds	fund	NOUN
cblr-2961	51	18	are	be	AUX
cblr-2961	51	19	defined	define	VERB
cblr-2961	51	20	by	by	ADP
cblr-2961	51	21	the	the	DET
cblr-2961	51	22	extent	extent	NOUN
cblr-2961	51	23	to	to	PART
cblr-2961	51	24	which	which	PRON
cblr-2961	51	25	the	the	DET
cblr-2961	51	26	securities	securities	PROPN
cblr-2961	51	27	and	and	CCONJ
cblr-2961	51	28	exchange	exchange	PROPN
cblr-2961	51	29	commission	commission	PROPN
cblr-2961	51	30	(	(	PUNCT
cblr-2961	51	31	sec	sec	PROPN
cblr-2961	51	32	)	)	PUNCT
cblr-2961	51	33	does	do	AUX
cblr-2961	51	34	not	not	PART
cblr-2961	51	35	regulate	regulate	VERB
cblr-2961	51	36	them	they	PRON
cblr-2961	51	37	.	.	PUNCT
cblr-2961	52	1	"	"	PUNCT
cblr-2961	52	2	)	)	PUNCT
cblr-2961	52	3	.	.	PUNCT
cblr-2961	53	1	9	9	NUM
cblr-2961	53	2	goldstein	goldstein	PROPN
cblr-2961	53	3	v.	v.	ADP
cblr-2961	53	4	sec	sec	PROPN
cblr-2961	53	5	,	,	PUNCT
cblr-2961	53	6	451	451	NUM
cblr-2961	53	7	f.3d	f.3d	NUM
cblr-2961	53	8	873	873	NUM
cblr-2961	53	9	,	,	PUNCT
cblr-2961	53	10	875	875	NUM
cblr-2961	53	11	(	(	PUNCT
cblr-2961	53	12	d.c	d.c	PROPN
cblr-2961	53	13	.	.	PROPN
cblr-2961	53	14	cir	cir	PROPN
cblr-2961	53	15	.	.	PUNCT
cblr-2961	53	16	2006	2006	NUM
cblr-2961	53	17	)	)	PUNCT
cblr-2961	53	18	.	.	PUNCT
cblr-2961	54	1	'	'	PUNCT
cblr-2961	54	2	0	0	NUM
cblr-2961	55	1	i	i	PRON
cblr-2961	55	2	d.	d.	PROPN
cblr-2961	55	3	(	(	PUNCT
cblr-2961	55	4	"	"	PUNCT
cblr-2961	55	5	[	[	X
cblr-2961	55	6	h]edge	h]edge	X
cblr-2961	55	7	funds	fund	NOUN
cblr-2961	55	8	...	...	PUNCT
cblr-2961	55	9	are	be	AUX
cblr-2961	55	10	exempt	exempt	ADJ
cblr-2961	55	11	from	from	ADP
cblr-2961	55	12	the	the	DET
cblr-2961	55	13	investment	investment	NOUN
cblr-2961	55	14	company	company	NOUN
cblr-2961	55	15	act	act	NOUN
cblr-2961	55	16	's	's	PART
cblr-2961	55	17	coverage	coverage	NOUN
cblr-2961	55	18	because	because	SCONJ
cblr-2961	55	19	they	they	PRON
cblr-2961	55	20	have	have	VERB
cblr-2961	55	21	one	one	NUM
cblr-2961	55	22	hundred	hundred	NUM
cblr-2961	55	23	or	or	CCONJ
cblr-2961	55	24	fewer	few	ADJ
cblr-2961	55	25	beneficial	beneficial	ADJ
cblr-2961	55	26	owners	owner	NOUN
cblr-2961	55	27	and	and	CCONJ
cblr-2961	55	28	do	do	AUX
cblr-2961	55	29	not	not	PART
cblr-2961	55	30	offer	offer	VERB
cblr-2961	55	31	their	their	PRON
cblr-2961	55	32	securities	security	NOUN
cblr-2961	55	33	to	to	ADP
cblr-2961	55	34	the	the	DET
cblr-2961	55	35	public	public	NOUN
cblr-2961	55	36	,	,	PUNCT
cblr-2961	55	37	15	15	NUM
cblr-2961	55	38	u.s.c	u.s.c	ADJ
cblr-2961	55	39	.	.	PUNCT
cblr-2961	56	1	§	§	PROPN
cblr-2961	56	2	80a-3(c)(1	80a-3(c)(1	NOUN
cblr-2961	56	3	)	)	PUNCT
cblr-2961	56	4	,	,	PUNCT
cblr-2961	56	5	or	or	CCONJ
cblr-2961	56	6	because	because	SCONJ
cblr-2961	56	7	their	their	PRON
cblr-2961	56	8	investors	investor	NOUN
cblr-2961	56	9	are	be	AUX
cblr-2961	56	10	all	all	PRON
cblr-2961	56	11	qualified	qualified	ADJ
cblr-2961	56	12	high	high	ADJ
cblr-2961	56	13	net	net	NOUN
cblr-2961	56	14	-	-	PUNCT
cblr-2961	56	15	worth	worth	ADJ
cblr-2961	56	16	individuals	individual	NOUN
cblr-2961	56	17	or	or	CCONJ
cblr-2961	56	18	institutions	institution	NOUN
cblr-2961	56	19	,	,	PUNCT
cblr-2961	56	20	15	15	NUM
cblr-2961	56	21	u.s.c	u.s.c	ADJ
cblr-2961	56	22	.	.	PUNCT
cblr-2961	57	1	§	§	PROPN
cblr-2961	57	2	80a-3(c)(7	80a-3(c)(7	NUM
cblr-2961	57	3	)	)	PUNCT
cblr-2961	57	4	.	.	PUNCT
cblr-2961	58	1	"	"	PUNCT
cblr-2961	58	2	)	)	PUNCT
cblr-2961	58	3	.	.	PUNCT
cblr-2961	59	1	hedge	hedge	NOUN
cblr-2961	59	2	funds	fund	NOUN
cblr-2961	59	3	can	can	AUX
cblr-2961	59	4	be	be	AUX
cblr-2961	59	5	exempt	exempt	ADJ
cblr-2961	59	6	from	from	ADP
cblr-2961	59	7	investment	investment	NOUN
cblr-2961	59	8	company	company	NOUN
cblr-2961	59	9	act	act	VERB
cblr-2961	59	10	either	either	CCONJ
cblr-2961	59	11	under	under	ADP
cblr-2961	59	12	§	§	PROPN
cblr-2961	59	13	3(c)(1	3(c)(1	NUM
cblr-2961	59	14	)	)	PUNCT
cblr-2961	59	15	or	or	CCONJ
cblr-2961	59	16	§	§	PROPN
cblr-2961	59	17	3(c)(7	3(c)(7	NUM
cblr-2961	59	18	)	)	PUNCT
cblr-2961	59	19	.	.	PUNCT
cblr-2961	60	1	15	15	NUM
cblr-2961	60	2	u.s.c	u.s.c	NOUN
cblr-2961	60	3	.	.	PUNCT
cblr-2961	61	1	§	§	PROPN
cblr-2961	61	2	80a-3(c)(1	80a-3(c)(1	NOUN
cblr-2961	61	3	)	)	PUNCT
cblr-2961	61	4	(	(	PUNCT
cblr-2961	61	5	2006	2006	NUM
cblr-2961	61	6	)	)	PUNCT
cblr-2961	61	7	;	;	PUNCT
cblr-2961	61	8	15	15	NUM
cblr-2961	61	9	u.s.c	u.s.c	NOUN
cblr-2961	61	10	.	.	PUNCT
cblr-2961	62	1	§	§	PROPN
cblr-2961	62	2	80a-3(c)(7	80a-3(c)(7	NUM
cblr-2961	62	3	)	)	PUNCT
cblr-2961	62	4	(	(	PUNCT
cblr-2961	62	5	2006	2006	NUM
cblr-2961	62	6	)	)	PUNCT
cblr-2961	62	7	.	.	PUNCT
cblr-2961	63	1	a	a	DET
cblr-2961	63	2	hedge	hedge	NOUN
cblr-2961	63	3	fund	fund	NOUN
cblr-2961	63	4	is	be	AUX
cblr-2961	63	5	exempt	exempt	ADJ
cblr-2961	63	6	under	under	ADP
cblr-2961	63	7	§	§	PROPN
cblr-2961	63	8	3(c)(1	3(c)(1	NUM
cblr-2961	63	9	)	)	PUNCT
cblr-2961	63	10	if	if	SCONJ
cblr-2961	63	11	it	it	PRON
cblr-2961	63	12	has	have	VERB
cblr-2961	63	13	fewer	few	ADJ
cblr-2961	63	14	than	than	ADP
cblr-2961	63	15	100	100	NUM
cblr-2961	63	16	investors	investor	NOUN
cblr-2961	63	17	and	and	CCONJ
cblr-2961	63	18	there	there	PRON
cblr-2961	63	19	is	be	VERB
cblr-2961	63	20	no	no	DET
cblr-2961	63	21	public	public	ADJ
cblr-2961	63	22	offering	offering	NOUN
cblr-2961	63	23	.	.	PUNCT
cblr-2961	64	1	willa	willa	PROPN
cblr-2961	64	2	e.	e.	PROPN
cblr-2961	64	3	gibson	gibson	PROPN
cblr-2961	64	4	,	,	PUNCT
cblr-2961	64	5	is	be	AUX
cblr-2961	64	6	hedge	hedge	NOUN
cblr-2961	64	7	fund	fund	NOUN
cblr-2961	64	8	regulation	regulation	NOUN
cblr-2961	64	9	necessary	necessary	ADJ
cblr-2961	64	10	?	?	PUNCT
cblr-2961	64	11	,	,	PUNCT
cblr-2961	64	12	73	73	NUM
cblr-2961	64	13	temp	temp	NOUN
cblr-2961	64	14	.	.	PUNCT
cblr-2961	65	1	l.	l.	PROPN
cblr-2961	65	2	rev	rev	PROPN
cblr-2961	65	3	.	.	PROPN
cblr-2961	66	1	681	681	NUM
cblr-2961	66	2	,	,	PUNCT
cblr-2961	66	3	694	694	NUM
cblr-2961	66	4	(	(	PUNCT
cblr-2961	66	5	2000	2000	NUM
cblr-2961	66	6	)	)	PUNCT
cblr-2961	66	7	.	.	PUNCT
cblr-2961	67	1	a	a	DET
cblr-2961	67	2	hedge	hedge	NOUN
cblr-2961	67	3	fund	fund	NOUN
cblr-2961	67	4	is	be	AUX
cblr-2961	67	5	exempt	exempt	ADJ
cblr-2961	67	6	from	from	ADP
cblr-2961	67	7	§	§	PROPN
cblr-2961	67	8	3(c)(7	3(c)(7	NUM
cblr-2961	67	9	)	)	PUNCT
cblr-2961	67	10	if	if	SCONJ
cblr-2961	67	11	it	it	PRON
cblr-2961	67	12	only	only	ADV
cblr-2961	67	13	sells	sell	VERB
cblr-2961	67	14	its	its	PRON
cblr-2961	67	15	securities	security	NOUN
cblr-2961	67	16	to	to	ADP
cblr-2961	67	17	"	"	PUNCT
cblr-2961	67	18	qualified	qualified	ADJ
cblr-2961	67	19	purchasers	purchaser	NOUN
cblr-2961	67	20	"	"	PUNCT
cblr-2961	67	21	and	and	CCONJ
cblr-2961	67	22	does	do	AUX
cblr-2961	67	23	not	not	PART
cblr-2961	67	24	make	make	VERB
cblr-2961	67	25	any	any	DET
cblr-2961	67	26	public	public	ADJ
cblr-2961	67	27	offerings	offering	NOUN
cblr-2961	67	28	.	.	PUNCT
cblr-2961	68	1	i	i	PRON
cblr-2961	68	2	d.	d.	PROPN
cblr-2961	68	3	at	at	ADP
cblr-2961	68	4	695	695	NUM
cblr-2961	68	5	.	.	PUNCT
cblr-2961	68	6	11	11	NUM
cblr-2961	68	7	15	15	NUM
cblr-2961	68	8	u.s.c	u.s.c	NOUN
cblr-2961	68	9	.	.	PUNCT
cblr-2961	69	1	§	§	PROPN
cblr-2961	69	2	80b-3	80b-3	PROPN
cblr-2961	69	3	(	(	PUNCT
cblr-2961	69	4	2006	2006	NUM
cblr-2961	69	5	)	)	PUNCT
cblr-2961	69	6	(	(	PUNCT
cblr-2961	69	7	setting	set	VERB
cblr-2961	69	8	forth	forth	ADP
cblr-2961	69	9	criteria	criterion	NOUN
cblr-2961	69	10	to	to	PART
cblr-2961	69	11	be	be	AUX
cblr-2961	69	12	exempt	exempt	ADJ
cblr-2961	69	13	from	from	ADP
cblr-2961	69	14	registration	registration	NOUN
cblr-2961	69	15	)	)	PUNCT
cblr-2961	69	16	;	;	PUNCT
cblr-2961	69	17	goldstein	goldstein	PROPN
cblr-2961	69	18	,	,	PUNCT
cblr-2961	69	19	451	451	NUM
cblr-2961	69	20	f.3d	f.3d	NUM
cblr-2961	69	21	at	at	ADP
cblr-2961	69	22	876	876	NUM
cblr-2961	69	23	(	(	PUNCT
cblr-2961	69	24	stating	state	VERB
cblr-2961	69	25	that	that	SCONJ
cblr-2961	69	26	"	"	PUNCT
cblr-2961	69	27	[	[	X
cblr-2961	69	28	hiedge	hiedge	NOUN
cblr-2961	69	29	fund	fund	NOUN
cblr-2961	69	30	advisers	adviser	NOUN
cblr-2961	69	31	also	also	ADV
cblr-2961	69	32	had	have	AUX
cblr-2961	69	33	been	be	AUX
cblr-2961	69	34	exempt	exempt	ADJ
cblr-2961	69	35	from	from	ADP
cblr-2961	69	36	regulation	regulation	NOUN
cblr-2961	69	37	under	under	ADP
cblr-2961	69	38	the	the	DET
cblr-2961	69	39	investment	investment	NOUN
cblr-2961	69	40	advisers	adviser	NOUN
cblr-2961	69	41	act	act	VERB
cblr-2961	69	42	of	of	ADP
cblr-2961	69	43	1940	1940	NUM
cblr-2961	69	44	.	.	PUNCT
cblr-2961	69	45	.	.	PUNCT
cblr-2961	69	46	.	.	PUNCT
cblr-2961	70	1	"	"	PUNCT
cblr-2961	70	2	)	)	PUNCT
cblr-2961	70	3	;	;	PUNCT
cblr-2961	70	4	gibson	gibson	PROPN
cblr-2961	70	5	,	,	PUNCT
cblr-2961	70	6	supra	supra	PROPN
cblr-2961	70	7	note	note	PROPN
cblr-2961	70	8	10	10	NUM
cblr-2961	70	9	,	,	PUNCT
cblr-2961	70	10	at	at	ADP
cblr-2961	70	11	697	697	NUM
cblr-2961	70	12	(	(	PUNCT
cblr-2961	70	13	"	"	PUNCT
cblr-2961	70	14	to	to	PART
cblr-2961	70	15	avoid	avoid	VERB
cblr-2961	70	16	registration	registration	NOUN
cblr-2961	70	17	,	,	PUNCT
cblr-2961	70	18	which	which	PRON
cblr-2961	70	19	triggers	trigger	VERB
cblr-2961	70	20	these	these	DET
cblr-2961	70	21	ongoing	ongoing	ADJ
cblr-2961	70	22	compliance	compliance	NOUN
cblr-2961	70	23	obligations	obligation	NOUN
cblr-2961	70	24	,	,	PUNCT
cblr-2961	70	25	hedge	hedge	NOUN
cblr-2961	70	26	fund	fund	NOUN
cblr-2961	70	27	managers	manager	NOUN
cblr-2961	70	28	typically	typically	ADV
cblr-2961	70	29	structure	structure	VERB
cblr-2961	70	30	their	their	PRON
cblr-2961	70	31	operations	operation	NOUN
cblr-2961	70	32	to	to	PART
cblr-2961	70	33	qualify	qualify	VERB
cblr-2961	70	34	for	for	ADP
cblr-2961	70	35	the	the	DET
cblr-2961	70	36	'	'	PUNCT
cblr-2961	70	37	small	small	ADJ
cblr-2961	70	38	adviser	adviser	NOUN
cblr-2961	70	39	'	'	PUNCT
cblr-2961	70	40	exemption	exemption	NOUN
cblr-2961	70	41	found	find	VERB
cblr-2961	70	42	within	within	ADP
cblr-2961	70	43	the	the	DET
cblr-2961	70	44	investment	investment	NOUN
cblr-2961	70	45	advisers	adviser	NOUN
cblr-2961	70	46	act	act	VERB
cblr-2961	70	47	.	.	PUNCT
cblr-2961	70	48	"	"	PUNCT
cblr-2961	70	49	)	)	PUNCT
cblr-2961	70	50	.	.	PUNCT
cblr-2961	71	1	no	no	INTJ
cblr-2961	71	2	.	.	PUNCT
cblr-2961	72	1	2:7241	2:7241	NUM
cblr-2961	72	2	hedge	hedge	NOUN
cblr-2961	72	3	fund	fund	PROPN
cblr-2961	72	4	activism	activism	PROPN
cblr-2961	72	5	columbia	columbia	PROPN
cblr-2961	72	6	business	business	PROPN
cblr-2961	72	7	law	law	PROPN
cblr-2961	72	8	review	review	NOUN
cblr-2961	72	9	from	from	ADP
cblr-2961	72	10	the	the	DET
cblr-2961	72	11	investment	investment	NOUN
cblr-2961	72	12	company	company	NOUN
cblr-2961	72	13	act	act	VERB
cblr-2961	72	14	,	,	PUNCT
cblr-2961	72	15	but	but	CCONJ
cblr-2961	72	16	is	be	AUX
cblr-2961	72	17	also	also	ADV
cblr-2961	72	18	exempt	exempt	ADJ
cblr-2961	72	19	from	from	ADP
cblr-2961	72	20	the	the	DET
cblr-2961	72	21	key	key	ADJ
cblr-2961	72	22	mandates	mandate	NOUN
cblr-2961	72	23	of	of	ADP
cblr-2961	72	24	the	the	DET
cblr-2961	72	25	securities	security	NOUN
cblr-2961	72	26	act	act	NOUN
cblr-2961	72	27	of	of	ADP
cblr-2961	72	28	1933	1933	NUM
cblr-2961	72	29	(	(	PUNCT
cblr-2961	72	30	"	"	PUNCT
cblr-2961	72	31	1933	1933	NUM
cblr-2961	72	32	act")12	act")12	NOUN
cblr-2961	72	33	and	and	CCONJ
cblr-2961	72	34	the	the	DET
cblr-2961	72	35	securities	securities	PROPN
cblr-2961	72	36	exchange	exchange	PROPN
cblr-2961	72	37	act	act	NOUN
cblr-2961	72	38	of	of	ADP
cblr-2961	72	39	1934	1934	NUM
cblr-2961	72	40	(	(	PUNCT
cblr-2961	72	41	"	"	PUNCT
cblr-2961	72	42	1934	1934	NUM
cblr-2961	72	43	act	act	NOUN
cblr-2961	72	44	"	"	PUNCT
cblr-2961	72	45	)	)	PUNCT
cblr-2961	72	46	.	.	PUNCT
cblr-2961	72	47	'	'	PUNCT
cblr-2961	73	1	3	3	NUM
cblr-2961	73	2	hedge	hedge	NOUN
cblr-2961	73	3	funds	fund	NOUN
cblr-2961	73	4	are	be	AUX
cblr-2961	73	5	structured	structure	VERB
cblr-2961	73	6	purposefully	purposefully	ADV
cblr-2961	73	7	to	to	PART
cblr-2961	73	8	take	take	VERB
cblr-2961	73	9	advantage	advantage	NOUN
cblr-2961	73	10	of	of	ADP
cblr-2961	73	11	the	the	DET
cblr-2961	73	12	exclusions	exclusion	NOUN
cblr-2961	73	13	in	in	ADP
cblr-2961	73	14	securities	security	NOUN
cblr-2961	73	15	law.14	law.14	PROPN
cblr-2961	73	16	hedge	hedge	NOUN
cblr-2961	73	17	funds	fund	NOUN
cblr-2961	73	18	,	,	PUNCT
cblr-2961	73	19	however	however	ADV
cblr-2961	73	20	,	,	PUNCT
cblr-2961	73	21	are	be	AUX
cblr-2961	73	22	not	not	PART
cblr-2961	73	23	completely	completely	ADV
cblr-2961	73	24	unregulated	unregulated	ADJ
cblr-2961	73	25	because	because	SCONJ
cblr-2961	73	26	antifraud	antifraud	ADJ
cblr-2961	73	27	provisions	provision	NOUN
cblr-2961	73	28	in	in	ADP
cblr-2961	73	29	the	the	DET
cblr-2961	73	30	securities	security	NOUN
cblr-2961	73	31	and	and	CCONJ
cblr-2961	73	32	commodities	commodity	NOUN
cblr-2961	73	33	laws	law	NOUN
cblr-2961	73	34	are	be	AUX
cblr-2961	73	35	fully	fully	ADV
cblr-2961	73	36	applicable	applicable	ADJ
cblr-2961	73	37	to	to	PART
cblr-2961	73	38	protect	protect	VERB
cblr-2961	73	39	hedge	hedge	NOUN
cblr-2961	73	40	fund	fund	NOUN
cblr-2961	73	41	investors	investor	NOUN
cblr-2961	73	42	.	.	PUNCT
cblr-2961	74	1	5	5	NUM
cblr-2961	74	2	further	far	ADV
cblr-2961	74	3	,	,	PUNCT
cblr-2961	74	4	hedge	hedge	NOUN
cblr-2961	74	5	fund	fund	NOUN
cblr-2961	74	6	advisers	adviser	NOUN
cblr-2961	74	7	are	be	AUX
cblr-2961	74	8	subject	subject	ADJ
cblr-2961	74	9	to	to	ADP
cblr-2961	74	10	the	the	DET
cblr-2961	74	11	anti	anti	ADJ
cblr-2961	74	12	-	-	ADJ
cblr-2961	74	13	fraud	fraud	ADJ
cblr-2961	74	14	provision	provision	NOUN
cblr-2961	74	15	of	of	ADP
cblr-2961	74	16	the	the	DET
cblr-2961	74	17	advisers	adviser	NOUN
cblr-2961	74	18	act	act	VERB
cblr-2961	74	19	,	,	PUNCT
cblr-2961	74	20	whether	whether	SCONJ
cblr-2961	74	21	or	or	CCONJ
cblr-2961	74	22	not	not	PART
cblr-2961	74	23	they	they	PRON
cblr-2961	74	24	are	be	AUX
cblr-2961	74	25	registered	register	VERB
cblr-2961	74	26	.	.	PUNCT
cblr-2961	75	1	16	16	NUM
cblr-2961	75	2	nonetheless	nonetheless	ADV
cblr-2961	75	3	,	,	PUNCT
cblr-2961	75	4	hedge	hedge	NOUN
cblr-2961	75	5	funds	fund	NOUN
cblr-2961	75	6	are	be	AUX
cblr-2961	75	7	clearly	clearly	ADV
cblr-2961	75	8	subject	subject	ADJ
cblr-2961	75	9	to	to	ADP
cblr-2961	75	10	fewer	few	ADJ
cblr-2961	75	11	regulations	regulation	NOUN
cblr-2961	75	12	than	than	ADP
cblr-2961	75	13	other	other	ADJ
cblr-2961	75	14	types	type	NOUN
cblr-2961	75	15	of	of	ADP
cblr-2961	75	16	investment	investment	NOUN
cblr-2961	75	17	vehicles	vehicle	NOUN
cblr-2961	75	18	,	,	PUNCT
cblr-2961	75	19	to	to	PART
cblr-2961	75	20	which	which	PRON
cblr-2961	75	21	the	the	DET
cblr-2961	75	22	advisers	adviser	NOUN
cblr-2961	75	23	act	act	VERB
cblr-2961	75	24	,	,	PUNCT
cblr-2961	75	25	the	the	DET
cblr-2961	75	26	investment	investment	NOUN
cblr-2961	75	27	company	company	NOUN
cblr-2961	75	28	act	act	PROPN
cblr-2961	75	29	,	,	PUNCT
cblr-2961	75	30	the	the	DET
cblr-2961	75	31	1933	1933	NUM
cblr-2961	75	32	act	act	NOUN
cblr-2961	75	33	,	,	PUNCT
cblr-2961	75	34	and	and	CCONJ
cblr-2961	75	35	the	the	DET
cblr-2961	75	36	1934	1934	NUM
cblr-2961	75	37	act	act	NOUN
cblr-2961	75	38	fully	fully	ADV
cblr-2961	75	39	apply	apply	VERB
cblr-2961	75	40	.	.	PUNCT
cblr-2961	76	1	7	7	NUM
cblr-2961	76	2	12	12	NUM
cblr-2961	76	3	15	15	NUM
cblr-2961	76	4	u.s.c	u.s.c	NOUN
cblr-2961	76	5	.	.	PUNCT
cblr-2961	77	1	§	§	PROPN
cblr-2961	77	2	77d	77d	NOUN
cblr-2961	77	3	(	(	PUNCT
cblr-2961	77	4	2006	2006	NUM
cblr-2961	77	5	)	)	PUNCT
cblr-2961	77	6	(	(	PUNCT
cblr-2961	77	7	listing	list	VERB
cblr-2961	77	8	transactions	transaction	NOUN
cblr-2961	77	9	exempting	exempt	VERB
cblr-2961	77	10	from	from	ADP
cblr-2961	77	11	registration	registration	NOUN
cblr-2961	77	12	)	)	PUNCT
cblr-2961	77	13	;	;	PUNCT
cblr-2961	77	14	gibson	gibson	PROPN
cblr-2961	77	15	,	,	PUNCT
cblr-2961	77	16	supra	supra	PROPN
cblr-2961	77	17	note	note	PROPN
cblr-2961	77	18	10	10	NUM
cblr-2961	77	19	,	,	PUNCT
cblr-2961	77	20	at	at	ADP
cblr-2961	77	21	689	689	NUM
cblr-2961	77	22	(	(	PUNCT
cblr-2961	77	23	"	"	PUNCT
cblr-2961	77	24	hedge	hedge	NOUN
cblr-2961	77	25	funds	fund	NOUN
cblr-2961	77	26	typically	typically	ADV
cblr-2961	77	27	satisfy	satisfy	VERB
cblr-2961	77	28	the	the	DET
cblr-2961	77	29	non	non	ADJ
cblr-2961	77	30	-	-	ADJ
cblr-2961	77	31	public	public	ADJ
cblr-2961	77	32	offering	offering	NOUN
cblr-2961	77	33	requirement	requirement	NOUN
cblr-2961	77	34	by	by	ADP
cblr-2961	77	35	limiting	limit	VERB
cblr-2961	77	36	offers	offer	NOUN
cblr-2961	77	37	to	to	ADP
cblr-2961	77	38	both	both	CCONJ
cblr-2961	77	39	sophisticated	sophisticated	ADJ
cblr-2961	77	40	investors	investor	NOUN
cblr-2961	77	41	with	with	ADP
cblr-2961	77	42	high	high	ADJ
cblr-2961	77	43	net	net	ADJ
cblr-2961	77	44	worth	worth	NOUN
cblr-2961	77	45	and	and	CCONJ
cblr-2961	77	46	to	to	ADP
cblr-2961	77	47	institutional	institutional	ADJ
cblr-2961	77	48	investors	investor	NOUN
cblr-2961	77	49	.	.	PUNCT
cblr-2961	78	1	"	"	PUNCT
cblr-2961	78	2	)	)	PUNCT
cblr-2961	78	3	.	.	PUNCT
cblr-2961	79	1	13	13	NUM
cblr-2961	79	2	15	15	NUM
cblr-2961	79	3	u.s.c	u.s.c	NOUN
cblr-2961	79	4	.	.	PUNCT
cblr-2961	80	1	§	§	PROPN
cblr-2961	80	2	78o	78o	NUM
cblr-2961	80	3	(	(	PUNCT
cblr-2961	80	4	2006	2006	NUM
cblr-2961	80	5	)	)	PUNCT
cblr-2961	80	6	(	(	PUNCT
cblr-2961	80	7	requiring	require	VERB
cblr-2961	80	8	registration	registration	NOUN
cblr-2961	80	9	of	of	ADP
cblr-2961	80	10	brokers	broker	NOUN
cblr-2961	80	11	and	and	CCONJ
cblr-2961	80	12	dealers	dealer	NOUN
cblr-2961	80	13	)	)	PUNCT
cblr-2961	80	14	;	;	PUNCT
cblr-2961	80	15	gibson	gibson	PROPN
cblr-2961	80	16	,	,	PUNCT
cblr-2961	80	17	supra	supra	PROPN
cblr-2961	80	18	note	note	PROPN
cblr-2961	80	19	10	10	NUM
cblr-2961	80	20	,	,	PUNCT
cblr-2961	80	21	at	at	ADP
cblr-2961	80	22	692	692	NUM
cblr-2961	80	23	.	.	PUNCT
cblr-2961	81	1	(	(	PUNCT
cblr-2961	81	2	"	"	PUNCT
cblr-2961	81	3	because	because	SCONJ
cblr-2961	81	4	hedge	hedge	NOUN
cblr-2961	81	5	funds	fund	NOUN
cblr-2961	81	6	and	and	CCONJ
cblr-2961	81	7	their	their	PRON
cblr-2961	81	8	managers	manager	NOUN
cblr-2961	81	9	are	be	AUX
cblr-2961	81	10	generally	generally	ADV
cblr-2961	81	11	not	not	PART
cblr-2961	81	12	considered	consider	VERB
cblr-2961	81	13	broker	broker	NOUN
cblr-2961	81	14	-	-	PUNCT
cblr-2961	81	15	dealers	dealer	NOUN
cblr-2961	81	16	,	,	PUNCT
cblr-2961	81	17	they	they	PRON
cblr-2961	81	18	are	be	AUX
cblr-2961	81	19	not	not	PART
cblr-2961	81	20	required	require	VERB
cblr-2961	81	21	to	to	PART
cblr-2961	81	22	register	register	VERB
cblr-2961	81	23	with	with	ADP
cblr-2961	81	24	the	the	DET
cblr-2961	81	25	sec	sec	PROPN
cblr-2961	81	26	.	.	PUNCT
cblr-2961	82	1	they	they	PRON
cblr-2961	82	2	are	be	AUX
cblr-2961	82	3	not	not	PART
cblr-2961	82	4	considered	consider	VERB
cblr-2961	82	5	brokers	broker	NOUN
cblr-2961	82	6	because	because	SCONJ
cblr-2961	82	7	a	a	DET
cblr-2961	82	8	broker	broker	NOUN
cblr-2961	82	9	is	be	AUX
cblr-2961	82	10	'	'	PUNCT
cblr-2961	82	11	engaged	engage	VERB
cblr-2961	82	12	in	in	ADP
cblr-2961	82	13	the	the	DET
cblr-2961	82	14	business	business	NOUN
cblr-2961	82	15	of	of	ADP
cblr-2961	82	16	effecting	effect	VERB
cblr-2961	82	17	transactions	transaction	NOUN
cblr-2961	82	18	in	in	ADP
cblr-2961	82	19	securities	security	NOUN
cblr-2961	82	20	for	for	ADP
cblr-2961	82	21	the	the	DET
cblr-2961	82	22	accounts	account	NOUN
cblr-2961	82	23	of	of	ADP
cblr-2961	82	24	others	other	NOUN
cblr-2961	82	25	.	.	PUNCT
cblr-2961	82	26	'	'	PUNCT
cblr-2961	83	1	a	a	DET
cblr-2961	83	2	hedge	hedge	NOUN
cblr-2961	83	3	fund	fund	NOUN
cblr-2961	83	4	and	and	CCONJ
cblr-2961	83	5	its	its	PRON
cblr-2961	83	6	manager	manager	NOUN
cblr-2961	83	7	do	do	AUX
cblr-2961	83	8	not	not	PART
cblr-2961	83	9	effect	effect	VERB
cblr-2961	83	10	securities	security	NOUN
cblr-2961	83	11	transactions	transaction	NOUN
cblr-2961	83	12	for	for	ADP
cblr-2961	83	13	the	the	DET
cblr-2961	83	14	accounts	account	NOUN
cblr-2961	83	15	of	of	ADP
cblr-2961	83	16	others	other	NOUN
cblr-2961	83	17	,	,	PUNCT
cblr-2961	83	18	but	but	CCONJ
cblr-2961	83	19	rather	rather	ADV
cblr-2961	83	20	they	they	PRON
cblr-2961	83	21	engage	engage	VERB
cblr-2961	83	22	in	in	ADP
cblr-2961	83	23	securities	security	NOUN
cblr-2961	83	24	transactions	transaction	NOUN
cblr-2961	83	25	for	for	ADP
cblr-2961	83	26	their	their	PRON
cblr-2961	83	27	own	own	ADJ
cblr-2961	83	28	accounts	account	NOUN
cblr-2961	83	29	.	.	PUNCT
cblr-2961	83	30	"	"	PUNCT
cblr-2961	83	31	)	)	PUNCT
cblr-2961	83	32	.	.	PUNCT
cblr-2961	84	1	14	14	NUM
cblr-2961	84	2	paredes	parede	NOUN
cblr-2961	84	3	,	,	PUNCT
cblr-2961	84	4	supra	supra	PROPN
cblr-2961	84	5	note	note	PROPN
cblr-2961	84	6	8	8	NUM
cblr-2961	84	7	,	,	PUNCT
cblr-2961	84	8	at	at	ADP
cblr-2961	84	9	976	976	NUM
cblr-2961	84	10	(	(	PUNCT
cblr-2961	84	11	"	"	PUNCT
cblr-2961	84	12	hedge	hedge	NOUN
cblr-2961	84	13	funds	fund	NOUN
cblr-2961	84	14	have	have	AUX
cblr-2961	84	15	simply	simply	ADV
cblr-2961	84	16	been	be	AUX
cblr-2961	84	17	structured	structure	VERB
cblr-2961	84	18	in	in	ADP
cblr-2961	84	19	an	an	DET
cblr-2961	84	20	open	open	ADJ
cblr-2961	84	21	and	and	CCONJ
cblr-2961	84	22	aboveboard	aboveboard	ADJ
cblr-2961	84	23	fashion	fashion	NOUN
cblr-2961	84	24	to	to	PART
cblr-2961	84	25	take	take	VERB
cblr-2961	84	26	advantage	advantage	NOUN
cblr-2961	84	27	of	of	ADP
cblr-2961	84	28	the	the	DET
cblr-2961	84	29	exclusions	exclusion	NOUN
cblr-2961	84	30	that	that	PRON
cblr-2961	84	31	congress	congress	PROPN
cblr-2961	84	32	has	have	AUX
cblr-2961	84	33	seen	see	VERB
cblr-2961	84	34	fit	fit	ADJ
cblr-2961	84	35	to	to	PART
cblr-2961	84	36	build	build	VERB
cblr-2961	84	37	into	into	ADP
cblr-2961	84	38	the	the	DET
cblr-2961	84	39	securities	security	NOUN
cblr-2961	84	40	law	law	NOUN
cblr-2961	84	41	regime	regime	NOUN
cblr-2961	84	42	.	.	PUNCT
cblr-2961	84	43	"	"	PUNCT
cblr-2961	84	44	)	)	PUNCT
cblr-2961	84	45	.	.	PUNCT
cblr-2961	85	1	"	"	PUNCT
cblr-2961	85	2	gibson	gibson	PROPN
cblr-2961	85	3	,	,	PUNCT
cblr-2961	85	4	supra	supra	PROPN
cblr-2961	85	5	note	note	PROPN
cblr-2961	85	6	10	10	NUM
cblr-2961	85	7	,	,	PUNCT
cblr-2961	85	8	at	at	ADP
cblr-2961	85	9	714	714	NUM
cblr-2961	85	10	(	(	PUNCT
cblr-2961	85	11	explaining	explain	VERB
cblr-2961	85	12	that	that	SCONJ
cblr-2961	85	13	"	"	PUNCT
cblr-2961	85	14	[	[	X
cblr-2961	85	15	hiedge	hiedge	NOUN
cblr-2961	85	16	fund	fund	NOUN
cblr-2961	85	17	investors	investor	NOUN
cblr-2961	85	18	are	be	AUX
cblr-2961	85	19	also	also	ADV
cblr-2961	85	20	protected	protect	VERB
cblr-2961	85	21	by	by	ADP
cblr-2961	85	22	the	the	DET
cblr-2961	85	23	antifraud	antifraud	PROPN
cblr-2961	85	24	provisions	provision	NOUN
cblr-2961	85	25	found	find	VERB
cblr-2961	85	26	within	within	ADP
cblr-2961	85	27	the	the	DET
cblr-2961	85	28	securities	security	NOUN
cblr-2961	85	29	and	and	CCONJ
cblr-2961	85	30	commodities	commodity	NOUN
cblr-2961	85	31	laws	law	NOUN
cblr-2961	85	32	"	"	PUNCT
cblr-2961	85	33	)	)	PUNCT
cblr-2961	85	34	.	.	PUNCT
cblr-2961	85	35	"	"	PUNCT
cblr-2961	86	1	i	i	PRON
cblr-2961	86	2	d.	d.	PROPN
cblr-2961	86	3	at	at	ADP
cblr-2961	86	4	697	697	NUM
cblr-2961	86	5	(	(	PUNCT
cblr-2961	86	6	"	"	PUNCT
cblr-2961	86	7	while	while	SCONJ
cblr-2961	86	8	the	the	DET
cblr-2961	86	9	exemption	exemption	NOUN
cblr-2961	86	10	relieves	relieve	VERB
cblr-2961	86	11	hedge	hedge	NOUN
cblr-2961	86	12	fund	fund	NOUN
cblr-2961	86	13	managers	manager	NOUN
cblr-2961	86	14	from	from	ADP
cblr-2961	86	15	registration	registration	NOUN
cblr-2961	86	16	and	and	CCONJ
cblr-2961	86	17	compliance	compliance	NOUN
cblr-2961	86	18	obligations	obligation	NOUN
cblr-2961	86	19	,	,	PUNCT
cblr-2961	86	20	hedge	hedge	NOUN
cblr-2961	86	21	fund	fund	NOUN
cblr-2961	86	22	managers	manager	NOUN
cblr-2961	86	23	remain	remain	VERB
cblr-2961	86	24	subject	subject	ADJ
cblr-2961	86	25	to	to	ADP
cblr-2961	86	26	antifraud	antifraud	PROPN
cblr-2961	86	27	provisions	provision	NOUN
cblr-2961	86	28	found	find	VERB
cblr-2961	86	29	within	within	ADP
cblr-2961	86	30	the	the	DET
cblr-2961	86	31	investment	investment	NOUN
cblr-2961	86	32	advisers	adviser	NOUN
cblr-2961	86	33	act	act	VERB
cblr-2961	86	34	.	.	PUNCT
cblr-2961	86	35	"	"	PUNCT
cblr-2961	86	36	)	)	PUNCT
cblr-2961	86	37	.	.	PUNCT
cblr-2961	87	1	17	17	NUM
cblr-2961	87	2	for	for	ADP
cblr-2961	87	3	example	example	NOUN
cblr-2961	87	4	,	,	PUNCT
cblr-2961	87	5	mutual	mutual	ADJ
cblr-2961	87	6	funds	fund	NOUN
cblr-2961	87	7	usually	usually	ADV
cblr-2961	87	8	are	be	AUX
cblr-2961	87	9	not	not	PART
cblr-2961	87	10	exempt	exempt	ADJ
cblr-2961	87	11	from	from	ADP
cblr-2961	87	12	any	any	PRON
cblr-2961	87	13	of	of	ADP
cblr-2961	87	14	these	these	DET
cblr-2961	87	15	statutes	statute	NOUN
cblr-2961	87	16	.	.	PUNCT
cblr-2961	88	1	for	for	ADP
cblr-2961	88	2	a	a	DET
cblr-2961	88	3	relevant	relevant	ADJ
cblr-2961	88	4	discussion	discussion	NOUN
cblr-2961	88	5	,	,	PUNCT
cblr-2961	88	6	see	see	VERB
cblr-2961	88	7	infra	infra	NOUN
cblr-2961	88	8	,	,	PUNCT
cblr-2961	88	9	part	part	NOUN
cblr-2961	88	10	i.c	i.c	PROPN
cblr-2961	88	11	.	.	PUNCT
cblr-2961	89	1	[	[	X
cblr-2961	89	2	vol	vol	NOUN
cblr-2961	89	3	.	.	PROPN
cblr-2961	89	4	2008	2008	NUM
cblr-2961	89	5	b.	b.	PROPN
cblr-2961	90	1	the	the	DET
cblr-2961	90	2	meaning	meaning	NOUN
cblr-2961	90	3	of	of	ADP
cblr-2961	90	4	hedge	hedge	NOUN
cblr-2961	90	5	fund	fund	NOUN
cblr-2961	90	6	activism	activism	NOUN
cblr-2961	90	7	and	and	CCONJ
cblr-2961	90	8	its	its	PRON
cblr-2961	90	9	potential	potential	ADJ
cblr-2961	90	10	promise	promise	NOUN
cblr-2961	90	11	generally	generally	ADV
cblr-2961	90	12	,	,	PUNCT
cblr-2961	90	13	an	an	DET
cblr-2961	90	14	activist	activist	NOUN
cblr-2961	90	15	is	be	AUX
cblr-2961	90	16	an	an	DET
cblr-2961	90	17	investor	investor	NOUN
cblr-2961	90	18	who	who	PRON
cblr-2961	90	19	aggressively	aggressively	ADV
cblr-2961	90	20	engages	engage	VERB
cblr-2961	90	21	in	in	ADP
cblr-2961	90	22	shaping	shape	VERB
cblr-2961	90	23	or	or	CCONJ
cblr-2961	90	24	influencing	influence	VERB
cblr-2961	90	25	their	their	PRON
cblr-2961	90	26	target	target	NOUN
cblr-2961	90	27	company	company	NOUN
cblr-2961	90	28	's	's	PART
cblr-2961	90	29	business	business	NOUN
cblr-2961	90	30	decisions.18	decisions.18	VERB
cblr-2961	90	31	a	a	DET
cblr-2961	90	32	passive	passive	ADJ
cblr-2961	90	33	investor	investor	NOUN
cblr-2961	90	34	,	,	PUNCT
cblr-2961	90	35	in	in	ADP
cblr-2961	90	36	contrast	contrast	NOUN
cblr-2961	90	37	,	,	PUNCT
cblr-2961	90	38	follows	follow	VERB
cblr-2961	90	39	the	the	DET
cblr-2961	90	40	wall	wall	PROPN
cblr-2961	90	41	street	street	PROPN
cblr-2961	90	42	rule	rule	NOUN
cblr-2961	90	43	by	by	ADP
cblr-2961	90	44	selling	sell	VERB
cblr-2961	90	45	his	his	PRON
cblr-2961	90	46	stock	stock	NOUN
cblr-2961	90	47	when	when	SCONJ
cblr-2961	90	48	unsatisfied	unsatisfie	VERB
cblr-2961	90	49	with	with	ADP
cblr-2961	90	50	management	management	NOUN
cblr-2961	90	51	.	.	PUNCT
cblr-2961	91	1	9	9	NUM
cblr-2961	91	2	hedge	hedge	NOUN
cblr-2961	91	3	fund	fund	NOUN
cblr-2961	91	4	activism	activism	NOUN
cblr-2961	91	5	arises	arise	VERB
cblr-2961	91	6	when	when	SCONJ
cblr-2961	91	7	hedge	hedge	NOUN
cblr-2961	91	8	funds	fund	NOUN
cblr-2961	91	9	exercise	exercise	VERB
cblr-2961	91	10	their	their	PRON
cblr-2961	91	11	influence	influence	NOUN
cblr-2961	91	12	within	within	ADP
cblr-2961	91	13	their	their	PRON
cblr-2961	91	14	target	target	NOUN
cblr-2961	91	15	company	company	NOUN
cblr-2961	91	16	.	.	PUNCT
cblr-2961	92	1	in	in	ADP
cblr-2961	92	2	the	the	DET
cblr-2961	92	3	market	market	NOUN
cblr-2961	92	4	,	,	PUNCT
cblr-2961	92	5	being	be	AUX
cblr-2961	92	6	a	a	DET
cblr-2961	92	7	short	short	ADJ
cblr-2961	92	8	-	-	PUNCT
cblr-2961	92	9	term	term	NOUN
cblr-2961	92	10	value	value	NOUN
cblr-2961	92	11	-	-	PUNCT
cblr-2961	92	12	increasing	increase	VERB
cblr-2961	92	13	activist	activist	NOUN
cblr-2961	92	14	can	can	AUX
cblr-2961	92	15	generate	generate	VERB
cblr-2961	92	16	profit.20	profit.20	NOUN
cblr-2961	92	17	if	if	SCONJ
cblr-2961	92	18	a	a	DET
cblr-2961	92	19	company	company	NOUN
cblr-2961	92	20	's	's	PART
cblr-2961	92	21	board	board	NOUN
cblr-2961	92	22	of	of	ADP
cblr-2961	92	23	directors	director	NOUN
cblr-2961	92	24	makes	make	VERB
cblr-2961	92	25	a	a	DET
cblr-2961	92	26	bad	bad	ADJ
cblr-2961	92	27	decision	decision	NOUN
cblr-2961	92	28	,	,	PUNCT
cblr-2961	92	29	such	such	ADJ
cblr-2961	92	30	as	as	ADP
cblr-2961	92	31	maintaining	maintain	VERB
cblr-2961	92	32	unnecessary	unnecessary	ADJ
cblr-2961	92	33	and	and	CCONJ
cblr-2961	92	34	excessive	excessive	ADJ
cblr-2961	92	35	cash	cash	NOUN
cblr-2961	92	36	balances	balance	NOUN
cblr-2961	92	37	or	or	CCONJ
cblr-2961	92	38	driving	drive	VERB
cblr-2961	92	39	the	the	DET
cblr-2961	92	40	company	company	NOUN
cblr-2961	92	41	in	in	ADP
cblr-2961	92	42	a	a	DET
cblr-2961	92	43	direction	direction	NOUN
cblr-2961	92	44	not	not	PART
cblr-2961	92	45	recognized	recognize	VERB
cblr-2961	92	46	by	by	ADP
cblr-2961	92	47	the	the	DET
cblr-2961	92	48	market	market	NOUN
cblr-2961	92	49	,	,	PUNCT
cblr-2961	92	50	the	the	DET
cblr-2961	92	51	stock	stock	NOUN
cblr-2961	92	52	price	price	NOUN
cblr-2961	92	53	will	will	AUX
cblr-2961	92	54	drop	drop	VERB
cblr-2961	92	55	accordingly	accordingly	ADV
cblr-2961	92	56	to	to	PART
cblr-2961	92	57	reflect	reflect	VERB
cblr-2961	92	58	the	the	DET
cblr-2961	92	59	market	market	NOUN
cblr-2961	92	60	's	's	PART
cblr-2961	92	61	negative	negative	ADJ
cblr-2961	92	62	reaction	reaction	NOUN
cblr-2961	92	63	to	to	ADP
cblr-2961	92	64	this	this	DET
cblr-2961	92	65	decision.2	decision.2	PROPN
cblr-2961	92	66	if	if	SCONJ
cblr-2961	92	67	anyone	anyone	PRON
cblr-2961	92	68	can	can	AUX
cblr-2961	92	69	purchase	purchase	VERB
cblr-2961	92	70	the	the	DET
cblr-2961	92	71	stock	stock	NOUN
cblr-2961	92	72	after	after	ADP
cblr-2961	92	73	such	such	DET
cblr-2961	92	74	a	a	DET
cblr-2961	92	75	1	1	NUM
cblr-2961	92	76	"	"	PUNCT
cblr-2961	92	77	robert	robert	PROPN
cblr-2961	92	78	c.	c.	PROPN
cblr-2961	92	79	pozen	pozen	PROPN
cblr-2961	92	80	,	,	PUNCT
cblr-2961	92	81	institutional	institutional	ADJ
cblr-2961	92	82	investors	investor	NOUN
cblr-2961	92	83	:	:	PUNCT
cblr-2961	92	84	the	the	DET
cblr-2961	92	85	reluctant	reluctant	ADJ
cblr-2961	92	86	activists	activist	NOUN
cblr-2961	92	87	,	,	PUNCT
cblr-2961	92	88	harv	harv	NOUN
cblr-2961	92	89	.	.	PUNCT
cblr-2961	93	1	bus	bus	NOUN
cblr-2961	93	2	.	.	PUNCT
cblr-2961	94	1	rev	rev	PROPN
cblr-2961	94	2	.	.	PROPN
cblr-2961	94	3	140	140	NUM
cblr-2961	94	4	(	(	PUNCT
cblr-2961	94	5	jan.-feb	jan.-feb	PROPN
cblr-2961	94	6	.	.	NOUN
cblr-2961	94	7	1994	1994	NUM
cblr-2961	94	8	)	)	PUNCT
cblr-2961	95	1	(	(	PUNCT
cblr-2961	95	2	suggesting	suggest	VERB
cblr-2961	95	3	that	that	SCONJ
cblr-2961	95	4	activists	activist	NOUN
cblr-2961	95	5	are	be	AUX
cblr-2961	95	6	those	those	PRON
cblr-2961	95	7	who	who	PRON
cblr-2961	95	8	have	have	VERB
cblr-2961	95	9	an	an	DET
cblr-2961	95	10	influence	influence	NOUN
cblr-2961	95	11	on	on	ADP
cblr-2961	95	12	the	the	DET
cblr-2961	95	13	way	way	NOUN
cblr-2961	95	14	their	their	PRON
cblr-2961	95	15	invested	invest	VERB
cblr-2961	95	16	companies	company	NOUN
cblr-2961	95	17	are	be	AUX
cblr-2961	95	18	run	run	VERB
cblr-2961	95	19	)	)	PUNCT
cblr-2961	95	20	.	.	PUNCT
cblr-2961	95	21	"	"	PUNCT
cblr-2961	96	1	gregory	gregory	PROPN
cblr-2961	96	2	r.	r.	PROPN
cblr-2961	96	3	andre	andre	PROPN
cblr-2961	96	4	,	,	PUNCT
cblr-2961	96	5	tender	tender	NOUN
cblr-2961	96	6	offers	offer	VERB
cblr-2961	96	7	for	for	ADP
cblr-2961	96	8	corporate	corporate	ADJ
cblr-2961	96	9	control	control	NOUN
cblr-2961	96	10	:	:	PUNCT
cblr-2961	96	11	a	a	DET
cblr-2961	96	12	critical	critical	ADJ
cblr-2961	96	13	analysis	analysis	NOUN
cblr-2961	96	14	and	and	CCONJ
cblr-2961	96	15	proposals	proposal	NOUN
cblr-2961	96	16	for	for	ADP
cblr-2961	96	17	reform	reform	NOUN
cblr-2961	96	18	,	,	PUNCT
cblr-2961	96	19	12	12	NUM
cblr-2961	96	20	del	del	PROPN
cblr-2961	96	21	.	.	PROPN
cblr-2961	96	22	j.	j.	PROPN
cblr-2961	96	23	corp	corp	PROPN
cblr-2961	96	24	.	.	PROPN
cblr-2961	96	25	l.	l.	PROPN
cblr-2961	96	26	865	865	NUM
cblr-2961	96	27	,	,	PUNCT
cblr-2961	96	28	866	866	NUM
cblr-2961	96	29	(	(	PUNCT
cblr-2961	96	30	1987	1987	NUM
cblr-2961	96	31	)	)	PUNCT
cblr-2961	96	32	.	.	PUNCT
cblr-2961	97	1	20	20	NUM
cblr-2961	98	1	the	the	DET
cblr-2961	98	2	activist	activist	ADJ
cblr-2961	98	3	event	event	NOUN
cblr-2961	98	4	launched	launch	VERB
cblr-2961	98	5	by	by	ADP
cblr-2961	98	6	pirate	pirate	NOUN
cblr-2961	98	7	capital	capital	NOUN
cblr-2961	98	8	against	against	ADP
cblr-2961	98	9	james	james	PROPN
cblr-2961	98	10	river	river	PROPN
cblr-2961	98	11	coal	coal	NOUN
cblr-2961	98	12	provides	provide	VERB
cblr-2961	98	13	an	an	DET
cblr-2961	98	14	example	example	NOUN
cblr-2961	98	15	.	.	PUNCT
cblr-2961	99	1	on	on	ADP
cblr-2961	99	2	november	november	PROPN
cblr-2961	99	3	17	17	NUM
cblr-2961	99	4	,	,	PUNCT
cblr-2961	99	5	2005	2005	NUM
cblr-2961	99	6	,	,	PUNCT
cblr-2961	99	7	pirate	pirate	NOUN
cblr-2961	99	8	capital	capital	NOUN
cblr-2961	99	9	filed	file	VERB
cblr-2961	99	10	a	a	DET
cblr-2961	99	11	13d	13d	NOUN
cblr-2961	99	12	with	with	ADP
cblr-2961	99	13	the	the	DET
cblr-2961	99	14	sec	sec	PROPN
cblr-2961	99	15	indicating	indicate	VERB
cblr-2961	99	16	a	a	DET
cblr-2961	99	17	7.9	7.9	NUM
cblr-2961	99	18	%	%	NOUN
cblr-2961	99	19	stake	stake	NOUN
cblr-2961	99	20	in	in	ADP
cblr-2961	99	21	james	james	PROPN
cblr-2961	99	22	river	river	PROPN
cblr-2961	99	23	coal	coal	PROPN
cblr-2961	99	24	co.	co.	PROPN
cblr-2961	99	25	at	at	ADP
cblr-2961	99	26	an	an	DET
cblr-2961	99	27	average	average	ADJ
cblr-2961	99	28	price	price	NOUN
cblr-2961	99	29	of	of	ADP
cblr-2961	99	30	$	$	SYM
cblr-2961	99	31	33.45	33.45	NUM
cblr-2961	99	32	.	.	PUNCT
cblr-2961	100	1	on	on	ADP
cblr-2961	100	2	february	february	PROPN
cblr-2961	100	3	10	10	NUM
cblr-2961	100	4	,	,	PUNCT
cblr-2961	100	5	2006	2006	NUM
cblr-2961	100	6	,	,	PUNCT
cblr-2961	100	7	pirate	pirate	NOUN
cblr-2961	100	8	capital	capital	NOUN
cblr-2961	100	9	sent	send	VERB
cblr-2961	100	10	a	a	DET
cblr-2961	100	11	letter	letter	NOUN
cblr-2961	100	12	to	to	ADP
cblr-2961	100	13	james	james	PROPN
cblr-2961	100	14	river	river	PROPN
cblr-2961	100	15	coal	coal	NOUN
cblr-2961	100	16	,	,	PUNCT
cblr-2961	100	17	expressing	express	VERB
cblr-2961	100	18	its	its	PRON
cblr-2961	100	19	concern	concern	NOUN
cblr-2961	100	20	that	that	SCONJ
cblr-2961	100	21	james	james	PROPN
cblr-2961	100	22	river	river	PROPN
cblr-2961	100	23	coal	coal	NOUN
cblr-2961	100	24	's	's	PART
cblr-2961	100	25	valuation	valuation	NOUN
cblr-2961	100	26	was	be	AUX
cblr-2961	100	27	discounted	discount	VERB
cblr-2961	100	28	relative	relative	ADJ
cblr-2961	100	29	to	to	ADP
cblr-2961	100	30	its	its	PRON
cblr-2961	100	31	peers	peer	NOUN
cblr-2961	100	32	and	and	CCONJ
cblr-2961	100	33	demanding	demand	VERB
cblr-2961	100	34	the	the	DET
cblr-2961	100	35	board	board	NOUN
cblr-2961	100	36	immediately	immediately	ADV
cblr-2961	100	37	redeem	redeem	VERB
cblr-2961	100	38	the	the	DET
cblr-2961	100	39	shareholder	shareholder	NOUN
cblr-2961	100	40	rights	right	NOUN
cblr-2961	100	41	plan	plan	NOUN
cblr-2961	100	42	and	and	CCONJ
cblr-2961	100	43	recruit	recruit	VERB
cblr-2961	100	44	an	an	DET
cblr-2961	100	45	investment	investment	NOUN
cblr-2961	100	46	banking	banking	NOUN
cblr-2961	100	47	firm	firm	NOUN
cblr-2961	100	48	to	to	PART
cblr-2961	100	49	pursue	pursue	VERB
cblr-2961	100	50	strategic	strategic	ADJ
cblr-2961	100	51	alternatives	alternative	NOUN
cblr-2961	100	52	.	.	PUNCT
cblr-2961	101	1	on	on	ADP
cblr-2961	101	2	march	march	PROPN
cblr-2961	101	3	10	10	NUM
cblr-2961	101	4	,	,	PUNCT
cblr-2961	101	5	2006	2006	NUM
cblr-2961	101	6	,	,	PUNCT
cblr-2961	101	7	management	management	NOUN
cblr-2961	101	8	announced	announce	VERB
cblr-2961	101	9	that	that	SCONJ
cblr-2961	101	10	they	they	PRON
cblr-2961	101	11	had	have	AUX
cblr-2961	101	12	hired	hire	VERB
cblr-2961	101	13	morgan	morgan	PROPN
cblr-2961	101	14	stanley	stanley	PROPN
cblr-2961	101	15	to	to	PART
cblr-2961	101	16	look	look	VERB
cblr-2961	101	17	at	at	ADP
cblr-2961	101	18	alternatives	alternative	NOUN
cblr-2961	101	19	.	.	PUNCT
cblr-2961	102	1	james	james	PROPN
cblr-2961	102	2	river	river	PROPN
cblr-2961	102	3	coal	coal	NOUN
cblr-2961	102	4	's	's	PART
cblr-2961	102	5	stock	stock	NOUN
cblr-2961	102	6	price	price	NOUN
cblr-2961	102	7	rose	rise	VERB
cblr-2961	102	8	more	more	ADJ
cblr-2961	102	9	than	than	ADP
cblr-2961	102	10	ten	ten	NUM
cblr-2961	102	11	percent	percent	NOUN
cblr-2961	102	12	to	to	ADP
cblr-2961	102	13	$	$	SYM
cblr-2961	102	14	39.77	39.77	NUM
cblr-2961	102	15	,	,	PUNCT
cblr-2961	102	16	creating	create	VERB
cblr-2961	102	17	a	a	DET
cblr-2961	102	18	nineteen	nineteen	NUM
cblr-2961	102	19	percent	percent	NOUN
cblr-2961	102	20	profit	profit	NOUN
cblr-2961	102	21	margin	margin	NOUN
cblr-2961	102	22	for	for	ADP
cblr-2961	102	23	pirate	pirate	NOUN
cblr-2961	102	24	capital	capital	NOUN
cblr-2961	102	25	in	in	ADP
cblr-2961	102	26	less	less	ADJ
cblr-2961	102	27	than	than	ADP
cblr-2961	102	28	four	four	NUM
cblr-2961	102	29	months	month	NOUN
cblr-2961	102	30	.	.	PUNCT
cblr-2961	103	1	alon	alon	PROPN
cblr-2961	103	2	brav	brav	PROPN
cblr-2961	103	3	et	et	PROPN
cblr-2961	103	4	al	al	PROPN
cblr-2961	103	5	.	.	PROPN
cblr-2961	103	6	,	,	PUNCT
cblr-2961	103	7	hedge	hedge	NOUN
cblr-2961	103	8	fund	fund	NOUN
cblr-2961	103	9	activism	activism	NOUN
cblr-2961	103	10	,	,	PUNCT
cblr-2961	103	11	corporate	corporate	ADJ
cblr-2961	103	12	governance	governance	NOUN
cblr-2961	103	13	and	and	CCONJ
cblr-2961	103	14	firm	firm	ADJ
cblr-2961	103	15	performance	performance	NOUN
cblr-2961	103	16	,	,	PUNCT
cblr-2961	103	17	11	11	NUM
cblr-2961	103	18	,	,	PUNCT
cblr-2961	103	19	available	available	ADJ
cblr-2961	103	20	at	at	ADP
cblr-2961	103	21	http://knowledge.wharton.upenn.edu/papers/1338.pdf	http://knowledge.wharton.upenn.edu/papers/1338.pdf	NOUN
cblr-2961	103	22	.	.	PUNCT
cblr-2961	103	23	21	21	NUM
cblr-2961	103	24	ronald	ronald	PROPN
cblr-2961	103	25	gilson	gilson	PROPN
cblr-2961	103	26	&	&	CCONJ
cblr-2961	103	27	bernard	bernard	PROPN
cblr-2961	103	28	black	black	PROPN
cblr-2961	103	29	,	,	PUNCT
cblr-2961	103	30	the	the	DET
cblr-2961	103	31	law	law	NOUN
cblr-2961	103	32	and	and	CCONJ
cblr-2961	103	33	finance	finance	NOUN
cblr-2961	103	34	of	of	ADP
cblr-2961	103	35	corporate	corporate	ADJ
cblr-2961	103	36	acquisitions	acquisition	NOUN
cblr-2961	103	37	,	,	PUNCT
cblr-2961	103	38	135	135	NUM
cblr-2961	103	39	(	(	PUNCT
cblr-2961	103	40	2d	2d	NUM
cblr-2961	103	41	ed	ed	NOUN
cblr-2961	103	42	.	.	PROPN
cblr-2961	103	43	1995	1995	NUM
cblr-2961	103	44	)	)	PUNCT
cblr-2961	103	45	(	(	PUNCT
cblr-2961	103	46	suggesting	suggest	VERB
cblr-2961	103	47	that	that	SCONJ
cblr-2961	103	48	in	in	ADP
cblr-2961	103	49	the	the	DET
cblr-2961	103	50	united	united	PROPN
cblr-2961	103	51	states	states	PROPN
cblr-2961	103	52	,	,	PUNCT
cblr-2961	103	53	there	there	PRON
cblr-2961	103	54	has	have	AUX
cblr-2961	103	55	been	be	AUX
cblr-2961	103	56	considerable	considerable	ADJ
cblr-2961	103	57	empirical	empirical	ADJ
cblr-2961	103	58	support	support	NOUN
cblr-2961	103	59	for	for	ADP
cblr-2961	103	60	the	the	DET
cblr-2961	103	61	proposition	proposition	NOUN
cblr-2961	103	62	that	that	SCONJ
cblr-2961	103	63	at	at	ADV
cblr-2961	103	64	least	least	ADJ
cblr-2961	103	65	for	for	ADP
cblr-2961	103	66	the	the	DET
cblr-2961	103	67	common	common	ADJ
cblr-2961	103	68	stock	stock	NOUN
cblr-2961	103	69	of	of	ADP
cblr-2961	103	70	large	large	ADJ
cblr-2961	103	71	public	public	ADJ
cblr-2961	103	72	companies	company	NOUN
cblr-2961	103	73	,	,	PUNCT
cblr-2961	103	74	a	a	DET
cblr-2961	103	75	semi	semi	ADJ
cblr-2961	103	76	-	-	ADJ
cblr-2961	103	77	strong	strong	ADJ
cblr-2961	103	78	form	form	NOUN
cblr-2961	103	79	of	of	ADP
cblr-2961	103	80	efficient	efficient	ADJ
cblr-2961	103	81	capital	capital	NOUN
cblr-2961	103	82	market	market	NOUN
cblr-2961	103	83	holds	hold	VERB
cblr-2961	103	84	,	,	PUNCT
cblr-2961	103	85	meaning	mean	VERB
cblr-2961	103	86	that	that	SCONJ
cblr-2961	103	87	at	at	ADP
cblr-2961	103	88	any	any	DET
cblr-2961	103	89	point	point	NOUN
cblr-2961	103	90	in	in	ADP
cblr-2961	103	91	time	time	NOUN
cblr-2961	103	92	market	market	NOUN
cblr-2961	103	93	prices	price	NOUN
cblr-2961	103	94	are	be	AUX
cblr-2961	103	95	an	an	DET
cblr-2961	103	96	unbiased	unbiased	ADJ
cblr-2961	103	97	forecast	forecast	NOUN
cblr-2961	103	98	of	of	ADP
cblr-2961	103	99	future	future	ADJ
cblr-2961	103	100	cash	cash	NOUN
cblr-2961	103	101	flows	flow	VERB
cblr-2961	103	102	that	that	PRON
cblr-2961	103	103	fully	fully	ADV
cblr-2961	103	104	reflect	reflect	VERB
cblr-2961	103	105	all	all	DET
cblr-2961	103	106	publicly	publicly	ADV
cblr-2961	103	107	available	available	ADJ
cblr-2961	103	108	information	information	NOUN
cblr-2961	103	109	)	)	PUNCT
cblr-2961	103	110	.	.	PUNCT
cblr-2961	104	1	assuming	assume	VERB
cblr-2961	104	2	this	this	DET
cblr-2961	104	3	hypothesis	hypothesis	NOUN
cblr-2961	104	4	holds	hold	VERB
cblr-2961	104	5	,	,	PUNCT
cblr-2961	104	6	no	no	INTJ
cblr-2961	104	7	.	.	PUNCT
cblr-2961	105	1	2:7241	2:7241	NUM
cblr-2961	105	2	hedge	hedge	NOUN
cblr-2961	105	3	fund	fund	PROPN
cblr-2961	105	4	activism	activism	PROPN
cblr-2961	105	5	columbia	columbia	PROPN
cblr-2961	105	6	business	business	PROPN
cblr-2961	105	7	law	law	PROPN
cblr-2961	105	8	review	review	NOUN
cblr-2961	105	9	drop	drop	NOUN
cblr-2961	105	10	and	and	CCONJ
cblr-2961	105	11	expeditiously	expeditiously	ADV
cblr-2961	105	12	push	push	VERB
cblr-2961	105	13	the	the	DET
cblr-2961	105	14	directors	director	NOUN
cblr-2961	105	15	to	to	PART
cblr-2961	105	16	change	change	VERB
cblr-2961	105	17	their	their	PRON
cblr-2961	105	18	minds	mind	NOUN
cblr-2961	105	19	,	,	PUNCT
cblr-2961	105	20	the	the	DET
cblr-2961	105	21	stock	stock	NOUN
cblr-2961	105	22	price	price	NOUN
cblr-2961	105	23	will	will	AUX
cblr-2961	105	24	then	then	ADV
cblr-2961	105	25	bounce	bounce	VERB
cblr-2961	105	26	back	back	ADV
cblr-2961	105	27	and	and	CCONJ
cblr-2961	105	28	the	the	DET
cblr-2961	105	29	intervening	intervene	VERB
cblr-2961	105	30	activist	activist	NOUN
cblr-2961	105	31	can	can	AUX
cblr-2961	105	32	earn	earn	VERB
cblr-2961	105	33	a	a	DET
cblr-2961	105	34	profit	profit	NOUN
cblr-2961	105	35	by	by	ADP
cblr-2961	105	36	selling	sell	VERB
cblr-2961	105	37	the	the	DET
cblr-2961	105	38	stock.2	stock.2	NOUN
cblr-2961	105	39	nevertheless	nevertheless	ADV
cblr-2961	105	40	,	,	PUNCT
cblr-2961	105	41	free	free	ADJ
cblr-2961	105	42	riding	riding	NOUN
cblr-2961	105	43	problems	problem	NOUN
cblr-2961	105	44	dissuade	dissuade	VERB
cblr-2961	105	45	most	most	ADJ
cblr-2961	105	46	potential	potential	ADJ
cblr-2961	105	47	investors	investor	NOUN
cblr-2961	105	48	from	from	ADP
cblr-2961	105	49	playing	play	VERB
cblr-2961	105	50	an	an	DET
cblr-2961	105	51	activist	activist	ADJ
cblr-2961	105	52	role	role	NOUN
cblr-2961	105	53	because	because	SCONJ
cblr-2961	105	54	the	the	DET
cblr-2961	105	55	costs	cost	NOUN
cblr-2961	105	56	may	may	AUX
cblr-2961	105	57	exceed	exceed	VERB
cblr-2961	105	58	the	the	DET
cblr-2961	105	59	benefits	benefit	NOUN
cblr-2961	105	60	.	.	PUNCT
cblr-2961	106	1	for	for	ADP
cblr-2961	106	2	example	example	NOUN
cblr-2961	106	3	,	,	PUNCT
cblr-2961	106	4	a	a	DET
cblr-2961	106	5	potential	potential	ADJ
cblr-2961	106	6	activist	activist	NOUN
cblr-2961	106	7	,	,	PUNCT
cblr-2961	106	8	paying	pay	VERB
cblr-2961	106	9	all	all	DET
cblr-2961	106	10	accompanying	accompanying	ADJ
cblr-2961	106	11	costs	cost	NOUN
cblr-2961	106	12	,	,	PUNCT
cblr-2961	106	13	may	may	AUX
cblr-2961	106	14	only	only	ADV
cblr-2961	106	15	be	be	AUX
cblr-2961	106	16	able	able	ADJ
cblr-2961	106	17	to	to	PART
cblr-2961	106	18	purchase	purchase	VERB
cblr-2961	106	19	ten	ten	NUM
cblr-2961	106	20	percent	percent	NOUN
cblr-2961	106	21	of	of	ADP
cblr-2961	106	22	a	a	DET
cblr-2961	106	23	company	company	NOUN
cblr-2961	106	24	's	's	PART
cblr-2961	106	25	stock	stock	NOUN
cblr-2961	106	26	due	due	ADP
cblr-2961	106	27	to	to	ADP
cblr-2961	106	28	either	either	CCONJ
cblr-2961	106	29	financial	financial	ADJ
cblr-2961	106	30	or	or	CCONJ
cblr-2961	106	31	legal	legal	ADJ
cblr-2961	106	32	constraints	constraint	NOUN
cblr-2961	106	33	,	,	PUNCT
cblr-2961	106	34	and	and	CCONJ
cblr-2961	106	35	will	will	AUX
cblr-2961	106	36	enjoy	enjoy	VERB
cblr-2961	106	37	ten	ten	NUM
cblr-2961	106	38	percent	percent	NOUN
cblr-2961	106	39	of	of	ADP
cblr-2961	106	40	the	the	DET
cblr-2961	106	41	total	total	ADJ
cblr-2961	106	42	benefit	benefit	NOUN
cblr-2961	106	43	at	at	ADP
cblr-2961	106	44	most	most	ADJ
cblr-2961	106	45	,	,	PUNCT
cblr-2961	106	46	while	while	SCONJ
cblr-2961	106	47	other	other	ADJ
cblr-2961	106	48	shareholders	shareholder	NOUN
cblr-2961	106	49	can	can	AUX
cblr-2961	106	50	free	free	VERB
cblr-2961	106	51	ride	ride	VERB
cblr-2961	106	52	on	on	ADP
cblr-2961	106	53	the	the	DET
cblr-2961	106	54	activist	activist	NOUN
cblr-2961	106	55	's	's	PART
cblr-2961	106	56	efforts.24	efforts.24	NOUN
cblr-2961	106	57	in	in	ADP
cblr-2961	106	58	this	this	DET
cblr-2961	106	59	scenario	scenario	NOUN
cblr-2961	106	60	,	,	PUNCT
cblr-2961	106	61	unless	unless	SCONJ
cblr-2961	106	62	the	the	DET
cblr-2961	106	63	ten	ten	NUM
cblr-2961	106	64	percent	percent	NOUN
cblr-2961	106	65	benefit	benefit	NOUN
cblr-2961	106	66	exceeds	exceed	VERB
cblr-2961	106	67	the	the	DET
cblr-2961	106	68	cost	cost	NOUN
cblr-2961	106	69	of	of	ADP
cblr-2961	106	70	activism	activism	NOUN
cblr-2961	106	71	,	,	PUNCT
cblr-2961	106	72	free	free	ADJ
cblr-2961	106	73	riding	riding	NOUN
cblr-2961	106	74	discourages	discourage	VERB
cblr-2961	106	75	the	the	DET
cblr-2961	106	76	shareholder	shareholder	NOUN
cblr-2961	106	77	from	from	ADP
cblr-2961	106	78	intervening	intervene	VERB
cblr-2961	106	79	as	as	ADP
cblr-2961	106	80	an	an	DET
cblr-2961	106	81	activist	activist	NOUN
cblr-2961	106	82	.	.	PUNCT
cblr-2961	107	1	2	2	NUM
cblr-2961	108	1	for	for	ADP
cblr-2961	108	2	reasons	reason	NOUN
cblr-2961	108	3	discussed	discuss	VERB
cblr-2961	108	4	in	in	ADP
cblr-2961	108	5	the	the	DET
cblr-2961	108	6	next	next	ADJ
cblr-2961	108	7	section	section	NOUN
cblr-2961	108	8	,	,	PUNCT
cblr-2961	108	9	hedge	hedge	NOUN
cblr-2961	108	10	funds	fund	NOUN
cblr-2961	108	11	are	be	AUX
cblr-2961	108	12	specially	specially	ADV
cblr-2961	108	13	suited	suited	ADJ
cblr-2961	108	14	to	to	PART
cblr-2961	108	15	be	be	AUX
cblr-2961	108	16	activists	activist	NOUN
cblr-2961	108	17	.	.	PUNCT
cblr-2961	109	1	free	free	ADJ
cblr-2961	109	2	riding	riding	NOUN
cblr-2961	109	3	is	be	AUX
cblr-2961	109	4	a	a	DET
cblr-2961	109	5	less	less	ADV
cblr-2961	109	6	serious	serious	ADJ
cblr-2961	109	7	problem	problem	NOUN
cblr-2961	109	8	for	for	ADP
cblr-2961	109	9	hedge	hedge	NOUN
cblr-2961	109	10	funds	fund	NOUN
cblr-2961	109	11	.	.	PUNCT
cblr-2961	110	1	they	they	PRON
cblr-2961	110	2	are	be	AUX
cblr-2961	110	3	not	not	PART
cblr-2961	110	4	subject	subject	ADJ
cblr-2961	110	5	to	to	ADP
cblr-2961	110	6	the	the	DET
cblr-2961	110	7	diversification	diversification	NOUN
cblr-2961	110	8	or	or	CCONJ
cblr-2961	110	9	investment	investment	NOUN
cblr-2961	110	10	strategies	strategy	NOUN
cblr-2961	110	11	restraints	restraint	NOUN
cblr-2961	110	12	in	in	ADP
cblr-2961	110	13	the	the	DET
cblr-2961	110	14	investment	investment	NOUN
cblr-2961	110	15	company	company	NOUN
cblr-2961	110	16	act.26	act.26	ADV
cblr-2961	110	17	therefore	therefore	ADV
cblr-2961	110	18	,	,	PUNCT
cblr-2961	110	19	a	a	DET
cblr-2961	110	20	hedge	hedge	NOUN
cblr-2961	110	21	fund	fund	NOUN
cblr-2961	110	22	can	can	AUX
cblr-2961	110	23	pour	pour	VERB
cblr-2961	110	24	all	all	PRON
cblr-2961	110	25	of	of	ADP
cblr-2961	110	26	its	its	PRON
cblr-2961	110	27	resources	resource	NOUN
cblr-2961	110	28	into	into	ADP
cblr-2961	110	29	an	an	DET
cblr-2961	110	30	activist	activist	ADJ
cblr-2961	110	31	event	event	NOUN
cblr-2961	110	32	and	and	CCONJ
cblr-2961	110	33	increase	increase	VERB
cblr-2961	110	34	its	its	PRON
cblr-2961	110	35	stake	stake	NOUN
cblr-2961	110	36	within	within	ADP
cblr-2961	110	37	the	the	DET
cblr-2961	110	38	target	target	NOUN
cblr-2961	110	39	company	company	NOUN
cblr-2961	110	40	.	.	PUNCT
cblr-2961	111	1	in	in	ADP
cblr-2961	111	2	addition	addition	NOUN
cblr-2961	111	3	,	,	PUNCT
cblr-2961	111	4	hedge	hedge	NOUN
cblr-2961	111	5	funds	fund	NOUN
cblr-2961	111	6	can	can	AUX
cblr-2961	111	7	establish	establish	VERB
cblr-2961	111	8	stronger	strong	ADJ
cblr-2961	111	9	long	long	ADJ
cblr-2961	111	10	positions	position	NOUN
cblr-2961	111	11	without	without	ADP
cblr-2961	111	12	the	the	DET
cblr-2961	111	13	need	need	NOUN
cblr-2961	111	14	if	if	SCONJ
cblr-2961	111	15	the	the	DET
cblr-2961	111	16	market	market	NOUN
cblr-2961	111	17	has	have	AUX
cblr-2961	111	18	known	know	VERB
cblr-2961	111	19	that	that	SCONJ
cblr-2961	111	20	the	the	DET
cblr-2961	111	21	management	management	NOUN
cblr-2961	111	22	of	of	ADP
cblr-2961	111	23	a	a	DET
cblr-2961	111	24	certain	certain	ADJ
cblr-2961	111	25	company	company	NOUN
cblr-2961	111	26	made	make	VERB
cblr-2961	111	27	a	a	DET
cblr-2961	111	28	bad	bad	ADJ
cblr-2961	111	29	decision	decision	NOUN
cblr-2961	111	30	,	,	PUNCT
cblr-2961	111	31	the	the	DET
cblr-2961	111	32	stock	stock	NOUN
cblr-2961	111	33	price	price	NOUN
cblr-2961	111	34	of	of	ADP
cblr-2961	111	35	that	that	DET
cblr-2961	111	36	company	company	NOUN
cblr-2961	111	37	will	will	AUX
cblr-2961	111	38	drop	drop	VERB
cblr-2961	111	39	to	to	PART
cblr-2961	111	40	reflect	reflect	VERB
cblr-2961	111	41	the	the	DET
cblr-2961	111	42	bad	bad	ADJ
cblr-2961	111	43	impact	impact	NOUN
cblr-2961	111	44	brought	bring	VERB
cblr-2961	111	45	about	about	ADP
cblr-2961	111	46	by	by	ADP
cblr-2961	111	47	the	the	DET
cblr-2961	111	48	bad	bad	ADJ
cblr-2961	111	49	decisions	decision	NOUN
cblr-2961	111	50	.	.	PUNCT
cblr-2961	112	1	22	22	NUM
cblr-2961	112	2	see	see	VERB
cblr-2961	112	3	example	example	NOUN
cblr-2961	112	4	supra	supra	PROPN
cblr-2961	112	5	note	note	NOUN
cblr-2961	112	6	20	20	NUM
cblr-2961	112	7	.	.	PUNCT
cblr-2961	112	8	23	23	NUM
cblr-2961	113	1	the	the	DET
cblr-2961	113	2	free	free	ADJ
cblr-2961	113	3	riding	riding	NOUN
cblr-2961	113	4	problem	problem	NOUN
cblr-2961	113	5	happens	happen	VERB
cblr-2961	113	6	when	when	SCONJ
cblr-2961	113	7	someone	someone	PRON
cblr-2961	113	8	takes	take	VERB
cblr-2961	113	9	the	the	DET
cblr-2961	113	10	benefit	benefit	NOUN
cblr-2961	113	11	from	from	ADP
cblr-2961	113	12	the	the	DET
cblr-2961	113	13	efforts	effort	NOUN
cblr-2961	113	14	of	of	ADP
cblr-2961	113	15	someone	someone	PRON
cblr-2961	113	16	else	else	ADV
cblr-2961	113	17	at	at	ADP
cblr-2961	113	18	almost	almost	ADV
cblr-2961	113	19	no	no	PRON
cblr-2961	113	20	cost	cost	NOUN
cblr-2961	113	21	.	.	PUNCT
cblr-2961	114	1	this	this	PRON
cblr-2961	114	2	deters	deter	VERB
cblr-2961	114	3	one	one	NUM
cblr-2961	114	4	from	from	ADP
cblr-2961	114	5	taking	take	VERB
cblr-2961	114	6	action	action	NOUN
cblr-2961	114	7	in	in	ADP
cblr-2961	114	8	the	the	DET
cblr-2961	114	9	first	first	ADJ
cblr-2961	114	10	place	place	NOUN
cblr-2961	114	11	because	because	SCONJ
cblr-2961	114	12	part	part	NOUN
cblr-2961	114	13	of	of	ADP
cblr-2961	114	14	the	the	DET
cblr-2961	114	15	benefit	benefit	NOUN
cblr-2961	114	16	he	he	PRON
cblr-2961	114	17	creates	create	VERB
cblr-2961	114	18	goes	go	VERB
cblr-2961	114	19	to	to	ADP
cblr-2961	114	20	others	other	NOUN
cblr-2961	114	21	.	.	PUNCT
cblr-2961	115	1	see	see	VERB
cblr-2961	115	2	richard	richard	PROPN
cblr-2961	115	3	a.	a.	PROPN
cblr-2961	115	4	posner	posner	PROPN
cblr-2961	115	5	,	,	PUNCT
cblr-2961	115	6	economic	economic	ADJ
cblr-2961	115	7	analysis	analysis	NOUN
cblr-2961	115	8	of	of	ADP
cblr-2961	115	9	law	law	NOUN
cblr-2961	115	10	,	,	PUNCT
cblr-2961	115	11	112	112	NUM
cblr-2961	115	12	(	(	PUNCT
cblr-2961	115	13	6th	6th	ADJ
cblr-2961	115	14	ed	ed	NOUN
cblr-2961	115	15	.	.	PROPN
cblr-2961	115	16	2002	2002	NUM
cblr-2961	115	17	)	)	PUNCT
cblr-2961	116	1	(	(	PUNCT
cblr-2961	116	2	introducing	introduce	VERB
cblr-2961	116	3	the	the	DET
cblr-2961	116	4	free	free	ADJ
cblr-2961	116	5	-	-	PUNCT
cblr-2961	116	6	rider	rider	NOUN
cblr-2961	116	7	problem	problem	NOUN
cblr-2961	116	8	in	in	ADP
cblr-2961	116	9	a	a	DET
cblr-2961	116	10	trade	trade	NOUN
cblr-2961	116	11	association	association	NOUN
cblr-2961	116	12	context	context	NOUN
cblr-2961	116	13	where	where	SCONJ
cblr-2961	116	14	members	member	NOUN
cblr-2961	116	15	of	of	ADP
cblr-2961	116	16	the	the	DET
cblr-2961	116	17	industry	industry	NOUN
cblr-2961	116	18	do	do	AUX
cblr-2961	116	19	not	not	PART
cblr-2961	116	20	have	have	VERB
cblr-2961	116	21	strong	strong	ADJ
cblr-2961	116	22	incentives	incentive	NOUN
cblr-2961	116	23	to	to	PART
cblr-2961	116	24	support	support	VERB
cblr-2961	116	25	trade	trade	NOUN
cblr-2961	116	26	association	association	NOUN
cblr-2961	116	27	's	's	PART
cblr-2961	116	28	campaign	campaign	NOUN
cblr-2961	116	29	,	,	PUNCT
cblr-2961	116	30	because	because	SCONJ
cblr-2961	116	31	someone	someone	PRON
cblr-2961	116	32	who	who	PRON
cblr-2961	116	33	contributes	contribute	VERB
cblr-2961	116	34	nothing	nothing	PRON
cblr-2961	116	35	to	to	ADP
cblr-2961	116	36	the	the	DET
cblr-2961	116	37	association	association	NOUN
cblr-2961	116	38	's	's	PART
cblr-2961	116	39	campaign	campaign	NOUN
cblr-2961	116	40	can	can	AUX
cblr-2961	116	41	derive	derive	VERB
cblr-2961	116	42	the	the	DET
cblr-2961	116	43	same	same	ADJ
cblr-2961	116	44	benefits	benefit	NOUN
cblr-2961	116	45	)	)	PUNCT
cblr-2961	116	46	.	.	PUNCT
cblr-2961	117	1	24	24	NUM
cblr-2961	118	1	i	i	PRON
cblr-2961	118	2	d.	d.	PROPN
cblr-2961	118	3	25	25	NUM
cblr-2961	118	4	i	i	PROPN
cblr-2961	118	5	d.	d.	PROPN
cblr-2961	118	6	21	21	NUM
cblr-2961	118	7	see	see	VERB
cblr-2961	118	8	discussion	discussion	NOUN
cblr-2961	118	9	supra	supra	PROPN
cblr-2961	118	10	note	note	PROPN
cblr-2961	118	11	10	10	NUM
cblr-2961	118	12	.	.	SYM
cblr-2961	118	13	27	27	NUM
cblr-2961	118	14	see	see	VERB
cblr-2961	118	15	discussion	discussion	NOUN
cblr-2961	118	16	infra	infra	NOUN
cblr-2961	118	17	part	part	NOUN
cblr-2961	118	18	ii.c.1	ii.c.1	NOUN
cblr-2961	118	19	.	.	PUNCT
cblr-2961	119	1	[	[	X
cblr-2961	119	2	vol	vol	NOUN
cblr-2961	119	3	.	.	NOUN
cblr-2961	119	4	2008	2008	NUM
cblr-2961	119	5	to	to	PART
cblr-2961	119	6	buy	buy	VERB
cblr-2961	119	7	as	as	ADV
cblr-2961	119	8	much	much	ADJ
cblr-2961	119	9	stock	stock	NOUN
cblr-2961	119	10	through	through	ADP
cblr-2961	119	11	derivative	derivative	ADJ
cblr-2961	119	12	markets.28	markets.28	NOUN
cblr-2961	119	13	hedge	hedge	NOUN
cblr-2961	119	14	funds	fund	NOUN
cblr-2961	119	15	also	also	ADV
cblr-2961	119	16	face	face	VERB
cblr-2961	119	17	fewer	few	ADJ
cblr-2961	119	18	political	political	ADJ
cblr-2961	119	19	and	and	CCONJ
cblr-2961	119	20	business	business	NOUN
cblr-2961	119	21	concerns	concern	NOUN
cblr-2961	119	22	when	when	SCONJ
cblr-2961	119	23	fighting	fight	VERB
cblr-2961	119	24	against	against	ADP
cblr-2961	119	25	the	the	DET
cblr-2961	119	26	management	management	NOUN
cblr-2961	119	27	of	of	ADP
cblr-2961	119	28	a	a	DET
cblr-2961	119	29	company.29	company.29	NOUN
cblr-2961	119	30	hedge	hedge	NOUN
cblr-2961	119	31	fund	fund	NOUN
cblr-2961	119	32	activism	activism	NOUN
cblr-2961	119	33	comes	come	VERB
cblr-2961	119	34	in	in	ADP
cblr-2961	119	35	various	various	ADJ
cblr-2961	119	36	forms	form	NOUN
cblr-2961	119	37	.	.	PUNCT
cblr-2961	120	1	marcel	marcel	PROPN
cblr-2961	120	2	kahan	kahan	PROPN
cblr-2961	120	3	and	and	CCONJ
cblr-2961	120	4	edward	edward	PROPN
cblr-2961	120	5	rock	rock	NOUN
cblr-2961	120	6	provide	provide	VERB
cblr-2961	120	7	useful	useful	ADJ
cblr-2961	120	8	insight	insight	NOUN
cblr-2961	120	9	to	to	ADP
cblr-2961	120	10	understanding	understand	VERB
cblr-2961	120	11	hedge	hedge	NOUN
cblr-2961	120	12	fund	fund	NOUN
cblr-2961	120	13	activism	activism	NOUN
cblr-2961	120	14	by	by	ADP
cblr-2961	120	15	outlining	outline	VERB
cblr-2961	120	16	two	two	NUM
cblr-2961	120	17	categories	category	NOUN
cblr-2961	120	18	of	of	ADP
cblr-2961	120	19	activism	activism	NOUN
cblr-2961	120	20	:	:	PUNCT
cblr-2961	120	21	corporate	corporate	ADJ
cblr-2961	120	22	governance	governance	NOUN
cblr-2961	120	23	activism	activism	NOUN
cblr-2961	120	24	and	and	CCONJ
cblr-2961	120	25	corporate	corporate	ADJ
cblr-2961	120	26	control	control	NOUN
cblr-2961	120	27	activism.30	activism.30	PROPN
cblr-2961	120	28	kahan	kahan	PROPN
cblr-2961	120	29	and	and	CCONJ
cblr-2961	120	30	rock	rock	NOUN
cblr-2961	120	31	call	call	VERB
cblr-2961	120	32	a	a	DET
cblr-2961	120	33	hedge	hedge	NOUN
cblr-2961	120	34	fund	fund	NOUN
cblr-2961	120	35	a	a	DET
cblr-2961	120	36	corporate	corporate	ADJ
cblr-2961	120	37	governance	governance	NOUN
cblr-2961	120	38	activist	activist	NOUN
cblr-2961	120	39	when	when	SCONJ
cblr-2961	120	40	it	it	PRON
cblr-2961	120	41	tries	try	VERB
cblr-2961	120	42	to	to	PART
cblr-2961	120	43	influence	influence	VERB
cblr-2961	120	44	the	the	DET
cblr-2961	120	45	business	business	NOUN
cblr-2961	120	46	decisions	decision	NOUN
cblr-2961	120	47	of	of	ADP
cblr-2961	120	48	its	its	PRON
cblr-2961	120	49	invested	invest	VERB
cblr-2961	120	50	targets.31	targets.31	NOUN
cblr-2961	120	51	for	for	ADP
cblr-2961	120	52	example	example	NOUN
cblr-2961	120	53	,	,	PUNCT
cblr-2961	120	54	in	in	ADP
cblr-2961	120	55	2005	2005	NUM
cblr-2961	120	56	,	,	PUNCT
cblr-2961	120	57	pershing	pershing	PROPN
cblr-2961	120	58	square	square	PROPN
cblr-2961	120	59	,	,	PUNCT
cblr-2961	120	60	a	a	DET
cblr-2961	120	61	hedge	hedge	NOUN
cblr-2961	120	62	fund	fund	NOUN
cblr-2961	120	63	,	,	PUNCT
cblr-2961	120	64	pressed	press	VERB
cblr-2961	120	65	mcdonald	mcdonald	NOUN
cblr-2961	120	66	's	's	PART
cblr-2961	120	67	to	to	PART
cblr-2961	120	68	sell	sell	VERB
cblr-2961	120	69	company	company	NOUN
cblr-2961	120	70	-	-	PUNCT
cblr-2961	120	71	owned	own	VERB
cblr-2961	120	72	restaurants.3	restaurants.3	NOUN
cblr-2961	120	73	2	2	NUM
cblr-2961	120	74	in	in	ADP
cblr-2961	120	75	the	the	DET
cblr-2961	120	76	same	same	ADJ
cblr-2961	120	77	year	year	NOUN
cblr-2961	120	78	,	,	PUNCT
cblr-2961	120	79	carl	carl	PROPN
cblr-2961	120	80	icahn	icahn	PROPN
cblr-2961	120	81	,	,	PUNCT
cblr-2961	120	82	a	a	DET
cblr-2961	120	83	famous	famous	ADJ
cblr-2961	120	84	hedge	hedge	NOUN
cblr-2961	120	85	fund	fund	NOUN
cblr-2961	120	86	manager	manager	NOUN
cblr-2961	120	87	,	,	PUNCT
cblr-2961	120	88	in	in	ADP
cblr-2961	120	89	association	association	NOUN
cblr-2961	120	90	with	with	ADP
cblr-2961	120	91	other	other	ADJ
cblr-2961	120	92	investors	investor	NOUN
cblr-2961	120	93	,	,	PUNCT
cblr-2961	120	94	pressed	press	VERB
cblr-2961	120	95	time	time	NOUN
cblr-2961	120	96	warner	warner	PROPN
cblr-2961	120	97	to	to	PART
cblr-2961	120	98	spin	spin	VERB
cblr-2961	120	99	off	off	ADP
cblr-2961	120	100	time	time	NOUN
cblr-2961	120	101	warner	warner	PROPN
cblr-2961	120	102	cable	cable	PROPN
cblr-2961	120	103	and	and	CCONJ
cblr-2961	120	104	other	other	ADJ
cblr-2961	120	105	divisions	division	NOUN
cblr-2961	120	106	.	.	PUNCT
cblr-2961	121	1	a	a	DET
cblr-2961	121	2	corporate	corporate	ADJ
cblr-2961	121	3	control	control	NOUN
cblr-2961	121	4	activist	activist	NOUN
cblr-2961	121	5	engages	engage	VERB
cblr-2961	121	6	in	in	ADP
cblr-2961	121	7	transactions	transaction	NOUN
cblr-2961	121	8	involving	involve	VERB
cblr-2961	121	9	change	change	NOUN
cblr-2961	121	10	of	of	ADP
cblr-2961	121	11	corporate	corporate	ADJ
cblr-2961	121	12	control.34	control.34	NOUN
cblr-2961	121	13	in	in	ADP
cblr-2961	121	14	2005	2005	NUM
cblr-2961	121	15	,	,	PUNCT
cblr-2961	121	16	novartis	novartis	PROPN
cblr-2961	121	17	,	,	PUNCT
cblr-2961	121	18	the	the	DET
cblr-2961	121	19	swiss	swiss	ADJ
cblr-2961	121	20	pharmaceutical	pharmaceutical	ADJ
cblr-2961	121	21	giant	giant	NOUN
cblr-2961	121	22	,	,	PUNCT
cblr-2961	121	23	proposed	propose	VERB
cblr-2961	121	24	to	to	PART
cblr-2961	121	25	acquire	acquire	VERB
cblr-2961	121	26	fiftyeight	fiftyeight	ADJ
cblr-2961	121	27	percent	percent	NOUN
cblr-2961	121	28	of	of	ADP
cblr-2961	121	29	chiron	chiron	NOUN
cblr-2961	121	30	,	,	PUNCT
cblr-2961	121	31	a	a	DET
cblr-2961	121	32	biotech	biotech	ADJ
cblr-2961	121	33	company	company	NOUN
cblr-2961	121	34	.	.	PUNCT
cblr-2961	122	1	initially	initially	ADV
cblr-2961	122	2	,	,	PUNCT
cblr-2961	122	3	the	the	DET
cblr-2961	122	4	price	price	NOUN
cblr-2961	122	5	offered	offer	VERB
cblr-2961	122	6	by	by	ADP
cblr-2961	122	7	novartis	novartis	PROPN
cblr-2961	122	8	to	to	ADP
cblr-2961	122	9	chiron	chiron	NOUN
cblr-2961	122	10	's	's	PART
cblr-2961	122	11	shareholders	shareholder	NOUN
cblr-2961	122	12	was	be	AUX
cblr-2961	122	13	forty	forty	NUM
cblr-2961	122	14	28	28	NUM
cblr-2961	122	15	hedge	hedge	NOUN
cblr-2961	122	16	funds	fund	NOUN
cblr-2961	122	17	can	can	AUX
cblr-2961	122	18	build	build	VERB
cblr-2961	122	19	up	up	ADP
cblr-2961	122	20	a	a	DET
cblr-2961	122	21	strong	strong	ADJ
cblr-2961	122	22	long	long	ADJ
cblr-2961	122	23	position	position	NOUN
cblr-2961	122	24	within	within	ADP
cblr-2961	122	25	the	the	DET
cblr-2961	122	26	target	target	NOUN
cblr-2961	122	27	company	company	NOUN
cblr-2961	122	28	with	with	ADP
cblr-2961	122	29	options	option	NOUN
cblr-2961	122	30	which	which	PRON
cblr-2961	122	31	generally	generally	ADV
cblr-2961	122	32	cost	cost	VERB
cblr-2961	122	33	them	they	PRON
cblr-2961	122	34	less	less	ADJ
cblr-2961	122	35	to	to	PART
cblr-2961	122	36	acquire	acquire	VERB
cblr-2961	122	37	than	than	ADP
cblr-2961	122	38	an	an	DET
cblr-2961	122	39	equal	equal	ADJ
cblr-2961	122	40	position	position	NOUN
cblr-2961	122	41	through	through	ADP
cblr-2961	122	42	buying	buy	VERB
cblr-2961	122	43	stocks	stock	NOUN
cblr-2961	122	44	.	.	PUNCT
cblr-2961	123	1	therefore	therefore	ADV
cblr-2961	123	2	,	,	PUNCT
cblr-2961	123	3	with	with	ADP
cblr-2961	123	4	a	a	DET
cblr-2961	123	5	given	give	VERB
cblr-2961	123	6	amount	amount	NOUN
cblr-2961	123	7	of	of	ADP
cblr-2961	123	8	money	money	NOUN
cblr-2961	123	9	,	,	PUNCT
cblr-2961	123	10	hedge	hedge	NOUN
cblr-2961	123	11	funds	fund	NOUN
cblr-2961	123	12	can	can	AUX
cblr-2961	123	13	establish	establish	VERB
cblr-2961	123	14	a	a	DET
cblr-2961	123	15	stronger	strong	ADJ
cblr-2961	123	16	position	position	NOUN
cblr-2961	123	17	within	within	ADP
cblr-2961	123	18	the	the	DET
cblr-2961	123	19	target	target	NOUN
cblr-2961	123	20	company	company	NOUN
cblr-2961	123	21	through	through	ADP
cblr-2961	123	22	options	option	NOUN
cblr-2961	123	23	or	or	CCONJ
cblr-2961	123	24	similar	similar	ADJ
cblr-2961	123	25	derivative	derivative	ADJ
cblr-2961	123	26	products	product	NOUN
cblr-2961	123	27	.	.	PUNCT
cblr-2961	124	1	a	a	DET
cblr-2961	124	2	stronger	strong	ADJ
cblr-2961	124	3	stake	stake	NOUN
cblr-2961	124	4	in	in	ADP
cblr-2961	124	5	the	the	DET
cblr-2961	124	6	target	target	NOUN
cblr-2961	124	7	reduces	reduce	VERB
cblr-2961	124	8	the	the	DET
cblr-2961	124	9	free	free	ADJ
cblr-2961	124	10	-	-	PUNCT
cblr-2961	124	11	riding	ride	VERB
cblr-2961	124	12	problem	problem	NOUN
cblr-2961	124	13	.	.	PUNCT
cblr-2961	125	1	see	see	VERB
cblr-2961	125	2	also	also	ADV
cblr-2961	125	3	infra	infra	NOUN
cblr-2961	125	4	note	note	VERB
cblr-2961	125	5	108	108	NUM
cblr-2961	125	6	and	and	CCONJ
cblr-2961	125	7	the	the	DET
cblr-2961	125	8	accompanying	accompany	VERB
cblr-2961	125	9	text	text	NOUN
cblr-2961	125	10	.	.	PUNCT
cblr-2961	126	1	29	29	NUM
cblr-2961	126	2	see	see	VERB
cblr-2961	126	3	discussion	discussion	NOUN
cblr-2961	126	4	infra	infra	NOUN
cblr-2961	126	5	part	part	NOUN
cblr-2961	126	6	ii.c.3	ii.c.3	NOUN
cblr-2961	126	7	.	.	PUNCT
cblr-2961	127	1	'	'	PUNCT
cblr-2961	127	2	0	0	NUM
cblr-2961	127	3	marcel	marcel	PROPN
cblr-2961	127	4	kahan	kahan	PROPN
cblr-2961	127	5	&	&	CCONJ
cblr-2961	127	6	edward	edward	PROPN
cblr-2961	127	7	b.	b.	PROPN
cblr-2961	127	8	rock	rock	PROPN
cblr-2961	127	9	,	,	PUNCT
cblr-2961	127	10	hedge	hedge	NOUN
cblr-2961	127	11	funds	fund	NOUN
cblr-2961	127	12	in	in	ADP
cblr-2961	127	13	corporate	corporate	ADJ
cblr-2961	127	14	governance	governance	NOUN
cblr-2961	127	15	and	and	CCONJ
cblr-2961	127	16	corporate	corporate	ADJ
cblr-2961	127	17	control	control	NOUN
cblr-2961	127	18	,	,	PUNCT
cblr-2961	127	19	155	155	NUM
cblr-2961	127	20	u.	u.	PROPN
cblr-2961	127	21	pa	pa	PROPN
cblr-2961	127	22	.	.	PUNCT
cblr-2961	127	23	l.	l.	PROPN
cblr-2961	127	24	rev	rev	PROPN
cblr-2961	127	25	.	.	PROPN
cblr-2961	127	26	1021	1021	NUM
cblr-2961	127	27	,	,	PUNCT
cblr-2961	127	28	1029	1029	NUM
cblr-2961	127	29	,	,	PUNCT
cblr-2961	127	30	1034	1034	NUM
cblr-2961	127	31	(	(	PUNCT
cblr-2961	127	32	2007	2007	NUM
cblr-2961	127	33	)	)	PUNCT
cblr-2961	127	34	.	.	PUNCT
cblr-2961	128	1	"	"	PUNCT
cblr-2961	128	2	'	'	PUNCT
cblr-2961	128	3	i	i	PRON
cblr-2961	128	4	d.	d.	PROPN
cblr-2961	128	5	at	at	ADP
cblr-2961	128	6	1029	1029	NUM
cblr-2961	128	7	.	.	PUNCT
cblr-2961	129	1	but	but	CCONJ
cblr-2961	129	2	the	the	DET
cblr-2961	129	3	term	term	NOUN
cblr-2961	129	4	"	"	PUNCT
cblr-2961	129	5	corporate	corporate	ADJ
cblr-2961	129	6	governance	governance	NOUN
cblr-2961	129	7	"	"	PUNCT
cblr-2961	129	8	generally	generally	ADV
cblr-2961	129	9	refers	refer	VERB
cblr-2961	129	10	to	to	ADP
cblr-2961	129	11	the	the	DET
cblr-2961	129	12	manner	manner	NOUN
cblr-2961	129	13	in	in	ADP
cblr-2961	129	14	which	which	PRON
cblr-2961	129	15	a	a	DET
cblr-2961	129	16	corporation	corporation	NOUN
cblr-2961	129	17	is	be	AUX
cblr-2961	129	18	directed	direct	VERB
cblr-2961	129	19	,	,	PUNCT
cblr-2961	129	20	administered	administer	VERB
cblr-2961	129	21	,	,	PUNCT
cblr-2961	129	22	or	or	CCONJ
cblr-2961	129	23	controlled	control	VERB
cblr-2961	129	24	.	.	PUNCT
cblr-2961	130	1	when	when	SCONJ
cblr-2961	130	2	an	an	DET
cblr-2961	130	3	activist	activist	NOUN
cblr-2961	130	4	asks	ask	VERB
cblr-2961	130	5	the	the	DET
cblr-2961	130	6	target	target	NOUN
cblr-2961	130	7	company	company	NOUN
cblr-2961	130	8	to	to	PART
cblr-2961	130	9	change	change	VERB
cblr-2961	130	10	its	its	PRON
cblr-2961	130	11	business	business	NOUN
cblr-2961	130	12	decision	decision	NOUN
cblr-2961	130	13	,	,	PUNCT
cblr-2961	130	14	it	it	PRON
cblr-2961	130	15	may	may	AUX
cblr-2961	130	16	be	be	AUX
cblr-2961	130	17	more	more	ADV
cblr-2961	130	18	accurate	accurate	ADJ
cblr-2961	130	19	to	to	PART
cblr-2961	130	20	call	call	VERB
cblr-2961	130	21	it	it	PRON
cblr-2961	130	22	a	a	DET
cblr-2961	130	23	"	"	PUNCT
cblr-2961	130	24	corporate	corporate	ADJ
cblr-2961	130	25	management	management	NOUN
cblr-2961	130	26	activist	activist	NOUN
cblr-2961	130	27	"	"	PUNCT
cblr-2961	130	28	than	than	ADP
cblr-2961	130	29	a	a	DET
cblr-2961	130	30	"	"	PUNCT
cblr-2961	130	31	corporate	corporate	ADJ
cblr-2961	130	32	governance	governance	NOUN
cblr-2961	130	33	activist	activist	NOUN
cblr-2961	130	34	.	.	PUNCT
cblr-2961	130	35	"	"	PUNCT
cblr-2961	131	1	32	32	NUM
cblr-2961	131	2	jesse	jesse	PROPN
cblr-2961	131	3	eisinger	eisinger	NOUN
cblr-2961	131	4	,	,	PUNCT
cblr-2961	131	5	hedge	hedge	NOUN
cblr-2961	131	6	-	-	PUNCT
cblr-2961	131	7	fund	fund	NOUN
cblr-2961	131	8	man	man	NOUN
cblr-2961	131	9	at	at	ADP
cblr-2961	131	10	mcdonald	mcdonald	PROPN
cblr-2961	131	11	's	's	PART
cblr-2961	131	12	,	,	PUNCT
cblr-2961	131	13	wall	wall	PROPN
cblr-2961	131	14	st	st	PROPN
cblr-2961	131	15	.	.	PROPN
cblr-2961	131	16	j.	j.	PROPN
cblr-2961	131	17	,	,	PUNCT
cblr-2961	131	18	sept	sept	PROPN
cblr-2961	131	19	.	.	PROPN
cblr-2961	131	20	28	28	NUM
cblr-2961	131	21	,	,	PUNCT
cblr-2961	131	22	2005	2005	NUM
cblr-2961	131	23	,	,	PUNCT
cblr-2961	131	24	at	at	ADP
cblr-2961	131	25	c1	c1	NOUN
cblr-2961	131	26	.	.	PUNCT
cblr-2961	131	27	"	"	PUNCT
cblr-2961	132	1	andrew	andrew	PROPN
cblr-2961	132	2	ross	ross	PROPN
cblr-2961	132	3	sorkin	sorkin	PROPN
cblr-2961	132	4	&	&	CCONJ
cblr-2961	132	5	richard	richard	PROPN
cblr-2961	132	6	siklos	siklos	PROPN
cblr-2961	132	7	,	,	PUNCT
cblr-2961	132	8	icahn	icahn	PROPN
cblr-2961	132	9	tries	try	VERB
cblr-2961	132	10	to	to	PART
cblr-2961	132	11	form	form	VERB
cblr-2961	132	12	a	a	DET
cblr-2961	132	13	team	team	NOUN
cblr-2961	132	14	to	to	PART
cblr-2961	132	15	take	take	VERB
cblr-2961	132	16	on	on	ADP
cblr-2961	132	17	time	time	NOUN
cblr-2961	132	18	warner	warner	PROPN
cblr-2961	132	19	,	,	PUNCT
cblr-2961	132	20	n.y	n.y	PROPN
cblr-2961	132	21	.	.	PROPN
cblr-2961	132	22	times	times	PROPN
cblr-2961	132	23	,	,	PUNCT
cblr-2961	132	24	aug	aug	PROPN
cblr-2961	132	25	.	.	PROPN
cblr-2961	132	26	10	10	NUM
cblr-2961	132	27	,	,	PUNCT
cblr-2961	132	28	2005	2005	NUM
cblr-2961	132	29	,	,	PUNCT
cblr-2961	132	30	at	at	ADP
cblr-2961	132	31	c1	c1	NOUN
cblr-2961	132	32	.	.	PUNCT
cblr-2961	133	1	"	"	PUNCT
cblr-2961	133	2	'	'	PUNCT
cblr-2961	133	3	kahan	kahan	PROPN
cblr-2961	133	4	&	&	CCONJ
cblr-2961	133	5	rock	rock	PROPN
cblr-2961	133	6	,	,	PUNCT
cblr-2961	133	7	supra	supra	PROPN
cblr-2961	133	8	note	note	NOUN
cblr-2961	133	9	30	30	NUM
cblr-2961	133	10	,	,	PUNCT
cblr-2961	133	11	at	at	ADP
cblr-2961	133	12	1034	1034	NUM
cblr-2961	133	13	.	.	PUNCT
cblr-2961	134	1	no	no	INTJ
cblr-2961	134	2	.	.	PUNCT
cblr-2961	135	1	2:724	2:724	NUM
cblr-2961	135	2	]	]	X
cblr-2961	135	3	hedge	hedge	NOUN
cblr-2961	135	4	fund	fund	PROPN
cblr-2961	135	5	activism	activism	PROPN
cblr-2961	135	6	columbia	columbia	PROPN
cblr-2961	135	7	business	business	PROPN
cblr-2961	135	8	law	law	PROPN
cblr-2961	135	9	review	review	VERB
cblr-2961	135	10	dollars	dollar	NOUN
cblr-2961	135	11	per	per	ADP
cblr-2961	135	12	share	share	NOUN
cblr-2961	135	13	,	,	PUNCT
cblr-2961	135	14	and	and	CCONJ
cblr-2961	135	15	was	be	AUX
cblr-2961	135	16	later	later	ADV
cblr-2961	135	17	raised	raise	VERB
cblr-2961	135	18	to	to	ADP
cblr-2961	135	19	forty	forty	NUM
cblr-2961	135	20	-	-	PUNCT
cblr-2961	135	21	five	five	NUM
cblr-2961	135	22	dollars	dollar	NOUN
cblr-2961	135	23	per	per	ADP
cblr-2961	135	24	share	share	NOUN
cblr-2961	135	25	by	by	ADP
cblr-2961	135	26	the	the	DET
cblr-2961	135	27	efforts	effort	NOUN
cblr-2961	135	28	of	of	ADP
cblr-2961	135	29	chiron	chiron	NOUN
cblr-2961	135	30	's	's	PART
cblr-2961	135	31	independent	independent	ADJ
cblr-2961	135	32	committee	committee	NOUN
cblr-2961	135	33	.	.	PUNCT
cblr-2961	135	34	"	"	PUNCT
cblr-2961	136	1	then	then	ADV
cblr-2961	136	2	,	,	PUNCT
cblr-2961	136	3	valueact	valueact	ADJ
cblr-2961	136	4	capital	capital	NOUN
cblr-2961	136	5	,	,	PUNCT
cblr-2961	136	6	a	a	DET
cblr-2961	136	7	hedge	hedge	NOUN
cblr-2961	136	8	fund	fund	NOUN
cblr-2961	136	9	and	and	CCONJ
cblr-2961	136	10	the	the	DET
cblr-2961	136	11	largest	large	ADJ
cblr-2961	136	12	shareholder	shareholder	NOUN
cblr-2961	136	13	of	of	ADP
cblr-2961	136	14	chiron	chiron	NOUN
cblr-2961	136	15	,	,	PUNCT
cblr-2961	136	16	opposed	oppose	VERB
cblr-2961	136	17	the	the	DET
cblr-2961	136	18	deal	deal	NOUN
cblr-2961	136	19	,	,	PUNCT
cblr-2961	136	20	forcing	force	VERB
cblr-2961	136	21	novartis	novartis	NOUN
cblr-2961	136	22	to	to	PART
cblr-2961	136	23	raise	raise	VERB
cblr-2961	136	24	its	its	PRON
cblr-2961	136	25	offer	offer	NOUN
cblr-2961	136	26	to	to	ADP
cblr-2961	136	27	forty	forty	NUM
cblr-2961	136	28	-	-	PUNCT
cblr-2961	136	29	eight	eight	NUM
cblr-2961	136	30	dollars	dollar	NOUN
cblr-2961	136	31	per	per	ADP
cblr-2961	136	32	share	share	NOUN
cblr-2961	136	33	to	to	PART
cblr-2961	136	34	complete	complete	VERB
cblr-2961	136	35	the	the	DET
cblr-2961	136	36	deal	deal	NOUN
cblr-2961	136	37	.	.	PUNCT
cblr-2961	137	1	6	6	NUM
cblr-2961	137	2	in	in	ADP
cblr-2961	137	3	this	this	DET
cblr-2961	137	4	case	case	NOUN
cblr-2961	137	5	,	,	PUNCT
cblr-2961	137	6	valueact	valueact	ADJ
cblr-2961	137	7	capital	capital	NOUN
cblr-2961	137	8	intervened	intervene	VERB
cblr-2961	137	9	only	only	ADV
cblr-2961	137	10	to	to	PART
cblr-2961	137	11	raise	raise	VERB
cblr-2961	137	12	the	the	DET
cblr-2961	137	13	price	price	NOUN
cblr-2961	137	14	of	of	ADP
cblr-2961	137	15	the	the	DET
cblr-2961	137	16	sale	sale	NOUN
cblr-2961	137	17	of	of	ADP
cblr-2961	137	18	control	control	NOUN
cblr-2961	137	19	.	.	PUNCT
cblr-2961	138	1	hedge	hedge	NOUN
cblr-2961	138	2	funds	fund	NOUN
cblr-2961	138	3	may	may	AUX
cblr-2961	138	4	also	also	ADV
cblr-2961	138	5	be	be	AUX
cblr-2961	138	6	more	more	ADV
cblr-2961	138	7	aggressive	aggressive	ADJ
cblr-2961	138	8	and	and	CCONJ
cblr-2961	138	9	push	push	VERB
cblr-2961	138	10	the	the	DET
cblr-2961	138	11	target	target	NOUN
cblr-2961	138	12	company	company	NOUN
cblr-2961	138	13	's	's	PART
cblr-2961	138	14	board	board	NOUN
cblr-2961	138	15	to	to	PART
cblr-2961	138	16	sell	sell	VERB
cblr-2961	138	17	the	the	DET
cblr-2961	138	18	company	company	NOUN
cblr-2961	138	19	.	.	PUNCT
cblr-2961	139	1	for	for	ADP
cblr-2961	139	2	example	example	NOUN
cblr-2961	139	3	,	,	PUNCT
cblr-2961	139	4	in	in	ADP
cblr-2961	139	5	2007	2007	NUM
cblr-2961	139	6	,	,	PUNCT
cblr-2961	139	7	in	in	ADP
cblr-2961	139	8	light	light	NOUN
cblr-2961	139	9	of	of	ADP
cblr-2961	139	10	the	the	DET
cblr-2961	139	11	poor	poor	ADJ
cblr-2961	139	12	performance	performance	NOUN
cblr-2961	139	13	of	of	ADP
cblr-2961	139	14	applebee	applebee	PROPN
cblr-2961	139	15	's	's	PART
cblr-2961	139	16	international	international	ADJ
cblr-2961	139	17	,	,	PUNCT
cblr-2961	139	18	its	its	PRON
cblr-2961	139	19	shareholder	shareholder	NOUN
cblr-2961	139	20	,	,	PUNCT
cblr-2961	139	21	breeden	breeden	PROPN
cblr-2961	139	22	partners	partners	PROPN
cblr-2961	139	23	,	,	PUNCT
cblr-2961	139	24	a	a	DET
cblr-2961	139	25	hedge	hedge	NOUN
cblr-2961	139	26	fund	fund	NOUN
cblr-2961	139	27	managed	manage	VERB
cblr-2961	139	28	by	by	ADP
cblr-2961	139	29	former	former	ADJ
cblr-2961	139	30	securities	security	NOUN
cblr-2961	139	31	and	and	CCONJ
cblr-2961	139	32	exchange	exchange	PROPN
cblr-2961	139	33	commission	commission	PROPN
cblr-2961	139	34	chairman	chairman	PROPN
cblr-2961	139	35	richard	richard	PROPN
cblr-2961	139	36	breeden	breeden	PROPN
cblr-2961	139	37	,	,	PUNCT
cblr-2961	139	38	publicly	publicly	ADV
cblr-2961	139	39	announced	announce	VERB
cblr-2961	139	40	it	it	PRON
cblr-2961	139	41	would	would	AUX
cblr-2961	139	42	consider	consider	VERB
cblr-2961	139	43	selling	sell	VERB
cblr-2961	139	44	the	the	DET
cblr-2961	139	45	company	company	NOUN
cblr-2961	139	46	.	.	PUNCT
cblr-2961	140	1	7	7	NUM
cblr-2961	140	2	breeden	breeden	PROPN
cblr-2961	140	3	partners	partner	NOUN
cblr-2961	140	4	and	and	CCONJ
cblr-2961	140	5	valueact	valueact	ADJ
cblr-2961	140	6	capital	capital	NOUN
cblr-2961	140	7	are	be	AUX
cblr-2961	140	8	corporate	corporate	ADJ
cblr-2961	140	9	control	control	NOUN
cblr-2961	140	10	activists	activist	NOUN
cblr-2961	140	11	according	accord	VERB
cblr-2961	140	12	to	to	ADP
cblr-2961	140	13	kahan	kahan	PROPN
cblr-2961	140	14	and	and	CCONJ
cblr-2961	140	15	rock	rock	NOUN
cblr-2961	140	16	's	's	PART
cblr-2961	140	17	definition	definition	NOUN
cblr-2961	140	18	.	.	PUNCT
cblr-2961	141	1	c.	c.	NOUN
cblr-2961	141	2	comparing	compare	VERB
cblr-2961	141	3	hedge	hedge	NOUN
cblr-2961	141	4	funds	fund	NOUN
cblr-2961	141	5	,	,	PUNCT
cblr-2961	141	6	mutual	mutual	ADJ
cblr-2961	141	7	funds	fund	NOUN
cblr-2961	141	8	,	,	PUNCT
cblr-2961	141	9	and	and	CCONJ
cblr-2961	141	10	public	public	ADJ
cblr-2961	141	11	pension	pension	NOUN
cblr-2961	141	12	funds	fund	NOUN
cblr-2961	141	13	even	even	ADV
cblr-2961	141	14	though	though	SCONJ
cblr-2961	141	15	hedge	hedge	NOUN
cblr-2961	141	16	funds	fund	NOUN
cblr-2961	141	17	have	have	AUX
cblr-2961	141	18	become	become	VERB
cblr-2961	141	19	a	a	DET
cblr-2961	141	20	large	large	ADJ
cblr-2961	141	21	industry	industry	NOUN
cblr-2961	141	22	,	,	PUNCT
cblr-2961	141	23	they	they	PRON
cblr-2961	141	24	are	be	AUX
cblr-2961	141	25	still	still	ADV
cblr-2961	141	26	smaller	small	ADJ
cblr-2961	141	27	than	than	ADP
cblr-2961	141	28	their	their	PRON
cblr-2961	141	29	close	close	ADJ
cblr-2961	141	30	family	family	NOUN
cblr-2961	141	31	membersmutual	membersmutual	ADJ
cblr-2961	141	32	funds	fund	NOUN
cblr-2961	141	33	and	and	CCONJ
cblr-2961	141	34	public	public	ADJ
cblr-2961	141	35	pension	pension	NOUN
cblr-2961	141	36	funds	fund	NOUN
cblr-2961	141	37	.	.	PUNCT
cblr-2961	142	1	hedge	hedge	NOUN
cblr-2961	142	2	funds	fund	NOUN
cblr-2961	142	3	are	be	AUX
cblr-2961	142	4	3	3	NUM
cblr-2961	142	5	'	'	PUNCT
cblr-2961	142	6	david	david	PROPN
cblr-2961	142	7	p.	p.	PROPN
cblr-2961	142	8	hamilton	hamilton	PROPN
cblr-2961	142	9	,	,	PUNCT
cblr-2961	142	10	novartis	novartis	PROPN
cblr-2961	142	11	agrees	agree	VERB
cblr-2961	142	12	to	to	PART
cblr-2961	142	13	acquire	acquire	VERB
cblr-2961	142	14	the	the	DET
cblr-2961	142	15	rest	rest	NOUN
cblr-2961	142	16	of	of	ADP
cblr-2961	142	17	chiron	chiron	NOUN
cblr-2961	142	18	for	for	ADP
cblr-2961	142	19	$	$	SYM
cblr-2961	142	20	5.1	5.1	NUM
cblr-2961	142	21	billion	billion	NUM
cblr-2961	142	22	,	,	PUNCT
cblr-2961	142	23	wall	wall	PROPN
cblr-2961	142	24	st	st	PROPN
cblr-2961	142	25	.	.	PROPN
cblr-2961	142	26	j.	j.	PROPN
cblr-2961	142	27	,	,	PUNCT
cblr-2961	142	28	nov	nov	PROPN
cblr-2961	142	29	.	.	PROPN
cblr-2961	142	30	1	1	NUM
cblr-2961	142	31	,	,	PUNCT
cblr-2961	142	32	2005	2005	NUM
cblr-2961	142	33	,	,	PUNCT
cblr-2961	142	34	at	at	ADP
cblr-2961	142	35	a6	a6	NOUN
cblr-2961	142	36	.	.	PUNCT
cblr-2961	143	1	6	6	NUM
cblr-2961	143	2	health	health	NOUN
cblr-2961	143	3	care	care	NOUN
cblr-2961	143	4	brief	brief	PROPN
cblr-2961	143	5	-chiron	-chiron	PROPN
cblr-2961	143	6	corp	corp	PROPN
cblr-2961	143	7	.	.	PROPN
cblr-2961	143	8	:	:	PUNCT
cblr-2961	144	1	novartis	novartis	PROPN
cblr-2961	144	2	's	's	PART
cblr-2961	144	3	$	$	SYM
cblr-2961	144	4	5.4	5.4	NUM
cblr-2961	144	5	billion	billion	NUM
cblr-2961	144	6	bid	bid	NOUN
cblr-2961	144	7	is	be	AUX
cblr-2961	144	8	approved	approve	VERB
cblr-2961	144	9	by	by	ADP
cblr-2961	144	10	shareholders	shareholder	NOUN
cblr-2961	144	11	,	,	PUNCT
cblr-2961	144	12	wall	wall	PROPN
cblr-2961	144	13	st	st	PROPN
cblr-2961	144	14	.	.	PROPN
cblr-2961	144	15	j.	j.	PROPN
cblr-2961	144	16	,	,	PUNCT
cblr-2961	144	17	apr	apr	PROPN
cblr-2961	144	18	.	.	PROPN
cblr-2961	144	19	20	20	NUM
cblr-2961	144	20	,	,	PUNCT
cblr-2961	144	21	2006	2006	NUM
cblr-2961	144	22	,	,	PUNCT
cblr-2961	144	23	at	at	ADP
cblr-2961	144	24	b7	b7	PROPN
cblr-2961	144	25	;	;	PUNCT
cblr-2961	144	26	karen	karen	PROPN
cblr-2961	144	27	talley	talley	PROPN
cblr-2961	144	28	,	,	PUNCT
cblr-2961	144	29	lucent	lucent	NOUN
cblr-2961	144	30	rises	rise	VERB
cblr-2961	144	31	on	on	ADP
cblr-2961	144	32	alcatel	alcatel	NOUN
cblr-2961	144	33	's	's	PART
cblr-2961	144	34	offer	offer	NOUN
cblr-2961	144	35	,	,	PUNCT
cblr-2961	144	36	wall	wall	PROPN
cblr-2961	144	37	st	st	PROPN
cblr-2961	144	38	.	.	PROPN
cblr-2961	144	39	j.	j.	PROPN
cblr-2961	144	40	,	,	PUNCT
cblr-2961	144	41	apr	apr	PROPN
cblr-2961	144	42	.	.	PROPN
cblr-2961	144	43	4	4	NUM
cblr-2961	144	44	,	,	PUNCT
cblr-2961	144	45	2006	2006	NUM
cblr-2961	144	46	,	,	PUNCT
cblr-2961	144	47	at	at	ADP
cblr-2961	144	48	c4	c4	NOUN
cblr-2961	144	49	.	.	PUNCT
cblr-2961	144	50	"	"	PUNCT
cblr-2961	145	1	karen	karen	PROPN
cblr-2961	145	2	talley	talley	PROPN
cblr-2961	145	3	,	,	PUNCT
cblr-2961	145	4	alcoa	alcoa	PROPN
cblr-2961	145	5	,	,	PUNCT
cblr-2961	145	6	gm	gm	PROPN
cblr-2961	145	7	lead	lead	VERB
cblr-2961	145	8	blue	blue	ADJ
cblr-2961	145	9	-	-	PUNCT
cblr-2961	145	10	chip	chip	NOUN
cblr-2961	145	11	surge	surge	NOUN
cblr-2961	145	12	--	--	PUNCT
cblr-2961	145	13	industrials	industrial	NOUN
cblr-2961	145	14	near	near	ADP
cblr-2961	145	15	record	record	NOUN
cblr-2961	145	16	;	;	PUNCT
cblr-2961	145	17	nasdaq	nasdaq	PROPN
cblr-2961	145	18	,	,	PUNCT
cblr-2961	145	19	ford	ford	PROPN
cblr-2961	145	20	pull	pull	VERB
cblr-2961	145	21	back	back	ADV
cblr-2961	145	22	while	while	SCONJ
cblr-2961	145	23	3	3	NUM
cblr-2961	145	24	m	m	NOUN
cblr-2961	145	25	receives	receive	VERB
cblr-2961	145	26	a	a	DET
cblr-2961	145	27	lift	lift	NOUN
cblr-2961	145	28	,	,	PUNCT
cblr-2961	145	29	wall	wall	PROPN
cblr-2961	145	30	st	st	PROPN
cblr-2961	145	31	.	.	PROPN
cblr-2961	145	32	j.	j.	PROPN
cblr-2961	145	33	,	,	PUNCT
cblr-2961	145	34	feb	feb	PROPN
cblr-2961	145	35	.	.	PROPN
cblr-2961	145	36	14	14	NUM
cblr-2961	145	37	,	,	PUNCT
cblr-2961	145	38	2007	2007	NUM
cblr-2961	145	39	,	,	PUNCT
cblr-2961	145	40	at	at	ADP
cblr-2961	145	41	c5	c5	PROPN
cblr-2961	145	42	.	.	PUNCT
cblr-2961	146	1	18	18	NUM
cblr-2961	146	2	this	this	DET
cblr-2961	146	3	note	note	NOUN
cblr-2961	146	4	does	do	AUX
cblr-2961	146	5	not	not	PART
cblr-2961	146	6	focus	focus	VERB
cblr-2961	146	7	on	on	ADP
cblr-2961	146	8	private	private	ADJ
cblr-2961	146	9	pension	pension	NOUN
cblr-2961	146	10	funds	fund	NOUN
cblr-2961	146	11	because	because	SCONJ
cblr-2961	146	12	"	"	PUNCT
cblr-2961	146	13	[	[	PUNCT
cblr-2961	146	14	pirivate	pirivate	NOUN
cblr-2961	146	15	pension	pension	NOUN
cblr-2961	146	16	funds	fund	NOUN
cblr-2961	146	17	are	be	AUX
cblr-2961	146	18	under	under	ADP
cblr-2961	146	19	management	management	NOUN
cblr-2961	146	20	control	control	NOUN
cblr-2961	146	21	;	;	PUNCT
cblr-2961	146	22	they	they	PRON
cblr-2961	146	23	are	be	AUX
cblr-2961	146	24	not	not	PART
cblr-2961	146	25	constructed	construct	VERB
cblr-2961	146	26	for	for	ADP
cblr-2961	146	27	a	a	DET
cblr-2961	146	28	palace	palace	NOUN
cblr-2961	146	29	revolution	revolution	NOUN
cblr-2961	146	30	in	in	ADP
cblr-2961	146	31	which	which	PRON
cblr-2961	146	32	they	they	PRON
cblr-2961	146	33	would	would	AUX
cblr-2961	146	34	assert	assert	VERB
cblr-2961	146	35	control	control	NOUN
cblr-2961	146	36	over	over	ADP
cblr-2961	146	37	their	their	PRON
cblr-2961	146	38	managerial	managerial	ADJ
cblr-2961	146	39	bosses	boss	NOUN
cblr-2961	146	40	.	.	PUNCT
cblr-2961	146	41	"	"	PUNCT
cblr-2961	147	1	mark	mark	PROPN
cblr-2961	147	2	j.	j.	PROPN
cblr-2961	147	3	roe	roe	PROPN
cblr-2961	147	4	,	,	PUNCT
cblr-2961	147	5	a	a	DET
cblr-2961	147	6	political	political	ADJ
cblr-2961	147	7	theory	theory	NOUN
cblr-2961	147	8	of	of	ADP
cblr-2961	147	9	american	american	ADJ
cblr-2961	147	10	corporate	corporate	ADJ
cblr-2961	147	11	finance	finance	NOUN
cblr-2961	147	12	,	,	PUNCT
cblr-2961	147	13	91	91	NUM
cblr-2961	147	14	colum	colum	NOUN
cblr-2961	147	15	.	.	PUNCT
cblr-2961	148	1	l.	l.	PROPN
cblr-2961	148	2	rev	rev	PROPN
cblr-2961	148	3	.	.	PROPN
cblr-2961	148	4	10	10	NUM
cblr-2961	148	5	,	,	PUNCT
cblr-2961	148	6	17	17	NUM
cblr-2961	148	7	(	(	PUNCT
cblr-2961	148	8	1991	1991	NUM
cblr-2961	148	9	)	)	PUNCT
cblr-2961	148	10	.	.	PUNCT
cblr-2961	149	1	although	although	SCONJ
cblr-2961	149	2	private	private	ADJ
cblr-2961	149	3	pension	pension	NOUN
cblr-2961	149	4	funds	fund	NOUN
cblr-2961	149	5	have	have	AUX
cblr-2961	149	6	become	become	VERB
cblr-2961	149	7	a	a	DET
cblr-2961	149	8	more	more	ADV
cblr-2961	149	9	important	important	ADJ
cblr-2961	149	10	source	source	NOUN
cblr-2961	149	11	of	of	ADP
cblr-2961	149	12	equity	equity	NOUN
cblr-2961	149	13	in	in	ADP
cblr-2961	149	14	recent	recent	ADJ
cblr-2961	149	15	years	year	NOUN
cblr-2961	149	16	,	,	PUNCT
cblr-2961	149	17	they	they	PRON
cblr-2961	149	18	are	be	AUX
cblr-2961	149	19	generally	generally	ADV
cblr-2961	149	20	not	not	PART
cblr-2961	149	21	active	active	ADJ
cblr-2961	149	22	shareholders	shareholder	NOUN
cblr-2961	149	23	under	under	ADP
cblr-2961	149	24	the	the	DET
cblr-2961	149	25	current	current	ADJ
cblr-2961	149	26	management	management	NOUN
cblr-2961	149	27	structure	structure	NOUN
cblr-2961	149	28	.	.	PUNCT
cblr-2961	150	1	rado	rado	PROPN
cblr-2961	150	2	bohing	bohing	PROPN
cblr-2961	150	3	&	&	CCONJ
cblr-2961	150	4	stephen	stephen	PROPN
cblr-2961	150	5	m.	m.	PROPN
cblr-2961	150	6	bainbridge	bainbridge	PROPN
cblr-2961	150	7	,	,	PUNCT
cblr-2961	150	8	corporate	corporate	ADJ
cblr-2961	150	9	governance	governance	NOUN
cblr-2961	150	10	in	in	ADP
cblr-2961	150	11	post	post	ADJ
cblr-2961	150	12	-	-	ADJ
cblr-2961	150	13	privatized	privatized	ADJ
cblr-2961	150	14	slovenia	slovenia	NOUN
cblr-2961	150	15	,	,	PUNCT
cblr-2961	150	16	49	49	NUM
cblr-2961	150	17	am	am	NOUN
cblr-2961	150	18	.	.	PUNCT
cblr-2961	151	1	j.	j.	PROPN
cblr-2961	151	2	comp	comp	PROPN
cblr-2961	151	3	.	.	PUNCT
cblr-2961	152	1	l.	l.	PROPN
cblr-2961	152	2	49	49	NUM
cblr-2961	152	3	,	,	PUNCT
cblr-2961	152	4	66	66	NUM
cblr-2961	152	5	(	(	PUNCT
cblr-2961	152	6	2001	2001	NUM
cblr-2961	152	7	)	)	PUNCT
cblr-2961	152	8	.	.	PUNCT
cblr-2961	153	1	[	[	X
cblr-2961	153	2	vol	vol	NOUN
cblr-2961	153	3	.	.	PUNCT
cblr-2961	153	4	2008	2008	NUM
cblr-2961	153	5	now	now	ADV
cblr-2961	153	6	a	a	DET
cblr-2961	153	7	$	$	SYM
cblr-2961	153	8	1.4	1.4	NUM
cblr-2961	153	9	trillion	trillion	NUM
cblr-2961	153	10	industry	industry	NOUN
cblr-2961	153	11	,	,	PUNCT
cblr-2961	153	12	9	9	NUM
cblr-2961	153	13	whereas	whereas	SCONJ
cblr-2961	153	14	at	at	ADP
cblr-2961	153	15	the	the	DET
cblr-2961	153	16	end	end	NOUN
cblr-2961	153	17	of	of	ADP
cblr-2961	153	18	2007	2007	NUM
cblr-2961	153	19	,	,	PUNCT
cblr-2961	153	20	the	the	DET
cblr-2961	153	21	overall	overall	ADJ
cblr-2961	153	22	assets	asset	NOUN
cblr-2961	153	23	managed	manage	VERB
cblr-2961	153	24	by	by	ADP
cblr-2961	153	25	mutual	mutual	ADJ
cblr-2961	153	26	funds	fund	NOUN
cblr-2961	153	27	exceeded	exceed	VERB
cblr-2961	153	28	$	$	SYM
cblr-2961	153	29	12	12	NUM
cblr-2961	153	30	trillion	trillion	NUM
cblr-2961	153	31	,	,	PUNCT
cblr-2961	153	32	of	of	ADP
cblr-2961	153	33	which	which	PRON
cblr-2961	153	34	around	around	ADP
cblr-2961	153	35	$	$	SYM
cblr-2961	153	36	6.5	6.5	NUM
cblr-2961	153	37	trillion	trillion	NUM
cblr-2961	153	38	was	be	AUX
cblr-2961	153	39	invested	invest	VERB
cblr-2961	153	40	in	in	ADP
cblr-2961	153	41	equity.4	equity.4	NOUN
cblr-2961	153	42	°	°	NUM
cblr-2961	153	43	in	in	ADP
cblr-2961	153	44	2004	2004	NUM
cblr-2961	153	45	,	,	PUNCT
cblr-2961	153	46	public	public	ADJ
cblr-2961	153	47	pension	pension	NOUN
cblr-2961	153	48	funds	fund	NOUN
cblr-2961	153	49	already	already	ADV
cblr-2961	153	50	had	have	VERB
cblr-2961	153	51	real	real	ADJ
cblr-2961	153	52	assets	asset	NOUN
cblr-2961	153	53	of	of	ADP
cblr-2961	153	54	over	over	ADP
cblr-2961	153	55	$	$	SYM
cblr-2961	153	56	2	2	NUM
cblr-2961	153	57	trillion.41	trillion.41	NOUN
cblr-2961	153	58	despite	despite	SCONJ
cblr-2961	153	59	their	their	PRON
cblr-2961	153	60	smaller	small	ADJ
cblr-2961	153	61	size	size	NOUN
cblr-2961	153	62	,	,	PUNCT
cblr-2961	153	63	hedge	hedge	NOUN
cblr-2961	153	64	funds	fund	NOUN
cblr-2961	153	65	are	be	AUX
cblr-2961	153	66	in	in	ADP
cblr-2961	153	67	a	a	DET
cblr-2961	153	68	better	well	ADJ
cblr-2961	153	69	position	position	NOUN
cblr-2961	153	70	to	to	PART
cblr-2961	153	71	play	play	VERB
cblr-2961	153	72	an	an	DET
cblr-2961	153	73	activist	activist	ADJ
cblr-2961	153	74	role	role	NOUN
cblr-2961	153	75	than	than	ADP
cblr-2961	153	76	other	other	ADJ
cblr-2961	153	77	institutional	institutional	ADJ
cblr-2961	153	78	investors	investor	NOUN
cblr-2961	153	79	.	.	PUNCT
cblr-2961	154	1	mutual	mutual	ADJ
cblr-2961	154	2	funds	fund	NOUN
cblr-2961	154	3	and	and	CCONJ
cblr-2961	154	4	public	public	ADJ
cblr-2961	154	5	pension	pension	NOUN
cblr-2961	154	6	funds	fund	NOUN
cblr-2961	154	7	generally	generally	ADV
cblr-2961	154	8	do	do	AUX
cblr-2961	154	9	not	not	PART
cblr-2961	154	10	invest	invest	VERB
cblr-2961	154	11	in	in	ADP
cblr-2961	154	12	portfolio	portfolio	NOUN
cblr-2961	154	13	companies	company	NOUN
cblr-2961	154	14	expecting	expect	VERB
cblr-2961	154	15	to	to	PART
cblr-2961	154	16	earn	earn	VERB
cblr-2961	154	17	profits	profit	NOUN
cblr-2961	154	18	from	from	ADP
cblr-2961	154	19	being	be	AUX
cblr-2961	154	20	activists.42	activists.42	NOUN
cblr-2961	154	21	they	they	PRON
cblr-2961	154	22	become	become	VERB
cblr-2961	154	23	active	active	ADJ
cblr-2961	154	24	in	in	ADP
cblr-2961	154	25	the	the	DET
cblr-2961	154	26	companies	company	NOUN
cblr-2961	154	27	in	in	ADP
cblr-2961	154	28	which	which	PRON
cblr-2961	154	29	they	they	PRON
cblr-2961	154	30	have	have	AUX
cblr-2961	154	31	already	already	ADV
cblr-2961	154	32	invested	invest	VERB
cblr-2961	154	33	only	only	ADV
cblr-2961	154	34	after	after	ADP
cblr-2961	154	35	perceiving	perceive	VERB
cblr-2961	154	36	mismanagement	mismanagement	NOUN
cblr-2961	154	37	or	or	CCONJ
cblr-2961	154	38	under	under	NOUN
cblr-2961	154	39	-	-	PUNCT
cblr-2961	154	40	performance.43	performance.43	NOUN
cblr-2961	154	41	in	in	ADP
cblr-2961	154	42	contrast	contrast	NOUN
cblr-2961	154	43	,	,	PUNCT
cblr-2961	154	44	hedge	hedge	NOUN
cblr-2961	154	45	funds	fund	NOUN
cblr-2961	154	46	make	make	VERB
cblr-2961	154	47	a	a	DET
cblr-2961	154	48	calculated	calculated	ADJ
cblr-2961	154	49	decision	decision	NOUN
cblr-2961	154	50	to	to	PART
cblr-2961	154	51	invest	invest	VERB
cblr-2961	154	52	in	in	ADP
cblr-2961	154	53	a	a	DET
cblr-2961	154	54	company	company	NOUN
cblr-2961	154	55	,	,	PUNCT
cblr-2961	154	56	expecting	expect	VERB
cblr-2961	154	57	that	that	PRON
cblr-2961	154	58	being	be	AUX
cblr-2961	154	59	activists	activist	NOUN
cblr-2961	154	60	will	will	AUX
cblr-2961	154	61	bring	bring	VERB
cblr-2961	154	62	them	they	PRON
cblr-2961	154	63	financial	financial	ADJ
cblr-2961	154	64	rewards.44	rewards.44	NOUN
cblr-2961	154	65	several	several	ADJ
cblr-2961	154	66	characteristics	characteristic	NOUN
cblr-2961	154	67	unique	unique	ADJ
cblr-2961	154	68	to	to	ADP
cblr-2961	154	69	hedge	hedge	NOUN
cblr-2961	154	70	funds	fund	NOUN
cblr-2961	154	71	,	,	PUNCT
cblr-2961	154	72	discussed	discuss	VERB
cblr-2961	154	73	infra	infra	NOUN
cblr-2961	154	74	,	,	PUNCT
cblr-2961	154	75	explain	explain	VERB
cblr-2961	154	76	why	why	SCONJ
cblr-2961	154	77	hedge	hedge	NOUN
cblr-2961	154	78	funds	fund	NOUN
cblr-2961	154	79	engage	engage	VERB
cblr-2961	154	80	in	in	ADP
cblr-2961	154	81	aggressive	aggressive	ADJ
cblr-2961	154	82	activism	activism	NOUN
cblr-2961	154	83	,	,	PUNCT
cblr-2961	154	84	implementing	implement	VERB
cblr-2961	154	85	tactics	tactic	NOUN
cblr-2961	154	86	rarely	rarely	ADV
cblr-2961	154	87	used	use	VERB
cblr-2961	154	88	by	by	ADP
cblr-2961	154	89	mutual	mutual	ADJ
cblr-2961	154	90	funds	fund	NOUN
cblr-2961	154	91	or	or	CCONJ
cblr-2961	154	92	pension	pension	NOUN
cblr-2961	154	93	funds	fund	NOUN
cblr-2961	154	94	.	.	PUNCT
cblr-2961	155	1	1	1	X
cblr-2961	155	2	.	.	PUNCT
cblr-2961	155	3	the	the	DET
cblr-2961	155	4	differences	difference	NOUN
cblr-2961	155	5	between	between	ADP
cblr-2961	155	6	hedge	hedge	NOUN
cblr-2961	155	7	funds	fund	NOUN
cblr-2961	155	8	and	and	CCONJ
cblr-2961	155	9	mutual	mutual	ADJ
cblr-2961	155	10	funds	fund	NOUN
cblr-2961	155	11	unlike	unlike	ADP
cblr-2961	155	12	hedge	hedge	NOUN
cblr-2961	155	13	funds	fund	NOUN
cblr-2961	155	14	,	,	PUNCT
cblr-2961	155	15	mutual	mutual	ADJ
cblr-2961	155	16	funds	fund	NOUN
cblr-2961	155	17	are	be	AUX
cblr-2961	155	18	subject	subject	ADJ
cblr-2961	155	19	to	to	ADP
cblr-2961	155	20	a	a	DET
cblr-2961	155	21	comprehensive	comprehensive	ADJ
cblr-2961	155	22	regulatory	regulatory	ADJ
cblr-2961	155	23	regime	regime	NOUN
cblr-2961	155	24	involving	involve	VERB
cblr-2961	155	25	a	a	DET
cblr-2961	155	26	number	number	NOUN
cblr-2961	155	27	of	of	ADP
cblr-2961	155	28	significant	significant	ADJ
cblr-2961	155	29	restraints	restraint	NOUN
cblr-2961	155	30	,	,	PUNCT
cblr-2961	155	31	such	such	ADJ
cblr-2961	155	32	as	as	ADP
cblr-2961	155	33	diversification	diversification	NOUN
cblr-2961	155	34	and	and	CCONJ
cblr-2961	155	35	compulsory	compulsory	ADJ
cblr-2961	155	36	disclosure	disclosure	NOUN
cblr-2961	155	37	requirements	requirement	NOUN
cblr-2961	155	38	,	,	PUNCT
cblr-2961	155	39	4	4	NUM
cblr-2961	155	40	and	and	CCONJ
cblr-2961	155	41	restrictions	restriction	NOUN
cblr-2961	155	42	on	on	ADP
cblr-2961	155	43	the	the	DET
cblr-2961	155	44	"	"	PUNCT
cblr-2961	155	45	deborah	deborah	PROPN
cblr-2961	155	46	solomon	solomon	PROPN
cblr-2961	155	47	,	,	PUNCT
cblr-2961	155	48	regulators	regulator	NOUN
cblr-2961	155	49	'	'	PART
cblr-2961	155	50	hedge	hedge	NOUN
cblr-2961	155	51	-	-	PUNCT
cblr-2961	155	52	fund	fund	NOUN
cblr-2961	155	53	approach	approach	NOUN
cblr-2961	155	54	:	:	PUNCT
cblr-2961	155	55	hands	hand	VERB
cblr-2961	155	56	off	off	ADP
cblr-2961	155	57	,	,	PUNCT
cblr-2961	155	58	wall	wall	PROPN
cblr-2961	155	59	st	st	PROPN
cblr-2961	155	60	.	.	PROPN
cblr-2961	155	61	j.	j.	PROPN
cblr-2961	155	62	,	,	PUNCT
cblr-2961	155	63	feb	feb	PROPN
cblr-2961	155	64	.	.	PROPN
cblr-2961	155	65	23	23	NUM
cblr-2961	155	66	,	,	PUNCT
cblr-2961	155	67	2007	2007	NUM
cblr-2961	155	68	,	,	PUNCT
cblr-2961	155	69	at	at	ADP
cblr-2961	155	70	cl	cl	NOUN
cblr-2961	155	71	.	.	PUNCT
cblr-2961	156	1	40	40	NUM
cblr-2961	156	2	investment	investment	NOUN
cblr-2961	156	3	company	company	NOUN
cblr-2961	156	4	institute	institute	NOUN
cblr-2961	156	5	,	,	PUNCT
cblr-2961	156	6	trends	trend	NOUN
cblr-2961	156	7	in	in	ADP
cblr-2961	156	8	mutual	mutual	ADJ
cblr-2961	156	9	fund	fund	NOUN
cblr-2961	156	10	investing	investing	NOUN
cblr-2961	156	11	,	,	PUNCT
cblr-2961	156	12	http://www.ici.org/stats/mf/trends_12_07.html	http://www.ici.org/stats/mf/trends_12_07.html	PROPN
cblr-2961	156	13	(	(	PUNCT
cblr-2961	156	14	last	last	ADJ
cblr-2961	156	15	visited	visit	VERB
cblr-2961	156	16	on	on	ADP
cblr-2961	156	17	mar	mar	PROPN
cblr-2961	156	18	.	.	PROPN
cblr-2961	156	19	4	4	NUM
cblr-2961	156	20	,	,	PUNCT
cblr-2961	156	21	2008	2008	NUM
cblr-2961	156	22	)	)	PUNCT
cblr-2961	156	23	.	.	PUNCT
cblr-2961	157	1	41	41	NUM
cblr-2961	157	2	keith	keith	PROPN
cblr-2961	157	3	brainard	brainard	PROPN
cblr-2961	157	4	,	,	PUNCT
cblr-2961	157	5	national	national	PROPN
cblr-2961	157	6	association	association	PROPN
cblr-2961	157	7	of	of	ADP
cblr-2961	157	8	state	state	PROPN
cblr-2961	157	9	retirement	retirement	PROPN
cblr-2961	157	10	administrators	administrator	NOUN
cblr-2961	157	11	,	,	PUNCT
cblr-2961	157	12	public	public	ADJ
cblr-2961	157	13	fund	fund	NOUN
cblr-2961	157	14	survey	survey	NOUN
cblr-2961	157	15	summary	summary	NOUN
cblr-2961	157	16	of	of	ADP
cblr-2961	157	17	findings	finding	NOUN
cblr-2961	157	18	for	for	ADP
cblr-2961	157	19	fy	fy	PROPN
cblr-2961	157	20	2004	2004	NUM
cblr-2961	157	21	(	(	PUNCT
cblr-2961	157	22	sept	sept	PROPN
cblr-2961	157	23	.	.	PROPN
cblr-2961	157	24	2005	2005	NUM
cblr-2961	157	25	)	)	PUNCT
cblr-2961	157	26	,	,	PUNCT
cblr-2961	157	27	http://www.publicfundsurvey.org/publicfundsurvey/pdfs/	http://www.publicfundsurvey.org/publicfundsurvey/pdfs/	PROPN
cblr-2961	157	28	summary%20of%20findings%20fy04.pdf	summary%20of%20findings%20fy04.pdf	PROPN
cblr-2961	157	29	(	(	PUNCT
cblr-2961	157	30	last	last	ADV
cblr-2961	157	31	visited	visit	VERB
cblr-2961	157	32	on	on	ADP
cblr-2961	157	33	mar	mar	PROPN
cblr-2961	157	34	.	.	PROPN
cblr-2961	157	35	4	4	NUM
cblr-2961	157	36	,	,	PUNCT
cblr-2961	157	37	2008	2008	NUM
cblr-2961	157	38	)	)	PUNCT
cblr-2961	157	39	.	.	PUNCT
cblr-2961	158	1	42	42	NUM
cblr-2961	158	2	kahan	kahan	PROPN
cblr-2961	158	3	&	&	CCONJ
cblr-2961	158	4	rock	rock	PROPN
cblr-2961	158	5	,	,	PUNCT
cblr-2961	158	6	supra	supra	PROPN
cblr-2961	158	7	note	note	NOUN
cblr-2961	158	8	30	30	NUM
cblr-2961	158	9	,	,	PUNCT
cblr-2961	158	10	at	at	ADP
cblr-2961	158	11	1069	1069	NUM
cblr-2961	158	12	.	.	PUNCT
cblr-2961	159	1	i	i	PRON
cblr-2961	159	2	d.	d.	PROPN
cblr-2961	159	3	(	(	PUNCT
cblr-2961	159	4	explaining	explain	VERB
cblr-2961	159	5	that	that	SCONJ
cblr-2961	159	6	"	"	PUNCT
cblr-2961	159	7	[	[	X
cblr-2961	159	8	miutual	miutual	ADJ
cblr-2961	159	9	fund	fund	NOUN
cblr-2961	159	10	or	or	CCONJ
cblr-2961	159	11	public	public	ADJ
cblr-2961	159	12	pension	pension	NOUN
cblr-2961	159	13	fund	fund	NOUN
cblr-2961	159	14	activism	activism	NOUN
cblr-2961	159	15	,	,	PUNCT
cblr-2961	159	16	if	if	SCONJ
cblr-2961	159	17	it	it	PRON
cblr-2961	159	18	occurs	occur	VERB
cblr-2961	159	19	,	,	PUNCT
cblr-2961	159	20	tends	tend	VERB
cblr-2961	159	21	to	to	PART
cblr-2961	159	22	be	be	AUX
cblr-2961	159	23	incidental	incidental	ADJ
cblr-2961	159	24	and	and	CCONJ
cblr-2961	159	25	ex	ex	ADJ
cblr-2961	159	26	post	post	NOUN
cblr-2961	159	27	"	"	PUNCT
cblr-2961	159	28	)	)	PUNCT
cblr-2961	159	29	.	.	PUNCT
cblr-2961	160	1	i	i	PRON
cblr-2961	160	2	d.	d.	PROPN
cblr-2961	160	3	(	(	PUNCT
cblr-2961	160	4	explaining	explain	VERB
cblr-2961	160	5	that	that	SCONJ
cblr-2961	160	6	"	"	PUNCT
cblr-2961	160	7	hedge	hedge	NOUN
cblr-2961	160	8	fund	fund	NOUN
cblr-2961	160	9	activism	activism	NOUN
cblr-2961	160	10	is	be	AUX
cblr-2961	160	11	strategic	strategic	ADJ
cblr-2961	160	12	and	and	CCONJ
cblr-2961	160	13	ex	ex	ADJ
cblr-2961	160	14	ante	ante	NOUN
cblr-2961	160	15	"	"	PUNCT
cblr-2961	160	16	)	)	PUNCT
cblr-2961	160	17	.	.	PUNCT
cblr-2961	161	1	41	41	NUM
cblr-2961	161	2	see	see	VERB
cblr-2961	161	3	supra	supra	PROPN
cblr-2961	161	4	notes	note	VERB
cblr-2961	161	5	9	9	NUM
cblr-2961	161	6	-	-	SYM
cblr-2961	161	7	14	14	NUM
cblr-2961	161	8	and	and	CCONJ
cblr-2961	161	9	accompanying	accompany	VERB
cblr-2961	161	10	text	text	NOUN
cblr-2961	161	11	.	.	PUNCT
cblr-2961	162	1	no	no	INTJ
cblr-2961	162	2	.	.	PUNCT
cblr-2961	163	1	2:7241	2:7241	NUM
cblr-2961	163	2	hedge	hedge	NOUN
cblr-2961	163	3	fund	fund	PROPN
cblr-2961	163	4	activism	activism	PROPN
cblr-2961	163	5	columbia	columbia	PROPN
cblr-2961	163	6	business	business	PROPN
cblr-2961	163	7	law	law	PROPN
cblr-2961	163	8	review	review	VERB
cblr-2961	163	9	compensation	compensation	NOUN
cblr-2961	163	10	of	of	ADP
cblr-2961	163	11	fund	fund	NOUN
cblr-2961	163	12	management	management	NOUN
cblr-2961	163	13	.	.	PUNCT
cblr-2961	164	1	46	46	NUM
cblr-2961	165	1	neither	neither	PRON
cblr-2961	165	2	of	of	ADP
cblr-2961	165	3	these	these	DET
cblr-2961	165	4	regulations	regulation	NOUN
cblr-2961	165	5	applies	apply	VERB
cblr-2961	165	6	to	to	PART
cblr-2961	165	7	hedge	hedge	VERB
cblr-2961	165	8	funds.47	funds.47	NOUN
cblr-2961	165	9	further	far	ADV
cblr-2961	165	10	,	,	PUNCT
cblr-2961	165	11	in	in	ADP
cblr-2961	165	12	practice	practice	NOUN
cblr-2961	165	13	,	,	PUNCT
cblr-2961	165	14	mutual	mutual	ADJ
cblr-2961	165	15	funds	fund	NOUN
cblr-2961	165	16	are	be	AUX
cblr-2961	165	17	limited	limit	VERB
cblr-2961	165	18	in	in	ADP
cblr-2961	165	19	the	the	DET
cblr-2961	165	20	amount	amount	NOUN
cblr-2961	165	21	of	of	ADP
cblr-2961	165	22	illiquid	illiquid	ADJ
cblr-2961	165	23	assets	asset	NOUN
cblr-2961	165	24	they	they	PRON
cblr-2961	165	25	can	can	AUX
cblr-2961	165	26	hold.48	hold.48	VERB
cblr-2961	165	27	ultimately	ultimately	ADV
cblr-2961	165	28	,	,	PUNCT
cblr-2961	165	29	the	the	DET
cblr-2961	165	30	regulatory	regulatory	ADJ
cblr-2961	165	31	and	and	CCONJ
cblr-2961	165	32	practical	practical	ADJ
cblr-2961	165	33	barriers	barrier	NOUN
cblr-2961	165	34	on	on	ADP
cblr-2961	165	35	mutual	mutual	ADJ
cblr-2961	165	36	funds	fund	NOUN
cblr-2961	165	37	make	make	VERB
cblr-2961	165	38	them	they	PRON
cblr-2961	165	39	less	less	ADV
cblr-2961	165	40	likely	likely	ADJ
cblr-2961	165	41	candidates	candidate	NOUN
cblr-2961	165	42	for	for	ADP
cblr-2961	165	43	strategic	strategic	ADJ
cblr-2961	165	44	activism	activism	NOUN
cblr-2961	165	45	.	.	PUNCT
cblr-2961	166	1	i.	i.	PROPN
cblr-2961	166	2	regulatory	regulatory	ADJ
cblr-2961	166	3	differences	difference	NOUN
cblr-2961	166	4	section	section	NOUN
cblr-2961	166	5	30(e)(2	30(e)(2	NUM
cblr-2961	166	6	)	)	PUNCT
cblr-2961	166	7	of	of	ADP
cblr-2961	166	8	the	the	DET
cblr-2961	166	9	investment	investment	NOUN
cblr-2961	166	10	company	company	NOUN
cblr-2961	166	11	act	act	NOUN
cblr-2961	166	12	requires	require	VERB
cblr-2961	166	13	mutual	mutual	ADJ
cblr-2961	166	14	funds	fund	NOUN
cblr-2961	166	15	to	to	PART
cblr-2961	166	16	file	file	VERB
cblr-2961	166	17	a	a	DET
cblr-2961	166	18	semi	semi	ADJ
cblr-2961	166	19	-	-	ADJ
cblr-2961	166	20	annual	annual	ADJ
cblr-2961	166	21	list	list	NOUN
cblr-2961	166	22	of	of	ADP
cblr-2961	166	23	the	the	DET
cblr-2961	166	24	amounts	amount	NOUN
cblr-2961	166	25	and	and	CCONJ
cblr-2961	166	26	values	value	NOUN
cblr-2961	166	27	of	of	ADP
cblr-2961	166	28	the	the	DET
cblr-2961	166	29	securities	security	NOUN
cblr-2961	166	30	they	they	PRON
cblr-2961	166	31	own	own	VERB
cblr-2961	166	32	.	.	PUNCT
cblr-2961	167	1	49	49	NUM
cblr-2961	167	2	this	this	DET
cblr-2961	167	3	compulsory	compulsory	ADJ
cblr-2961	167	4	disclosure	disclosure	NOUN
cblr-2961	167	5	prevents	prevent	VERB
cblr-2961	167	6	mutual	mutual	ADJ
cblr-2961	167	7	funds	fund	NOUN
cblr-2961	167	8	from	from	ADP
cblr-2961	167	9	keeping	keep	VERB
cblr-2961	167	10	their	their	PRON
cblr-2961	167	11	portfolios	portfolio	NOUN
cblr-2961	167	12	secret	secret	ADJ
cblr-2961	167	13	,	,	PUNCT
cblr-2961	167	14	and	and	CCONJ
cblr-2961	167	15	this	this	PRON
cblr-2961	167	16	makes	make	VERB
cblr-2961	167	17	some	some	DET
cblr-2961	167	18	investment	investment	NOUN
cblr-2961	167	19	strategies	strategy	NOUN
cblr-2961	167	20	,	,	PUNCT
cblr-2961	167	21	such	such	ADJ
cblr-2961	167	22	as	as	ADP
cblr-2961	167	23	accumulating	accumulate	VERB
cblr-2961	167	24	the	the	DET
cblr-2961	167	25	stock	stock	NOUN
cblr-2961	167	26	of	of	ADP
cblr-2961	167	27	a	a	DET
cblr-2961	167	28	target	target	NOUN
cblr-2961	167	29	company	company	NOUN
cblr-2961	167	30	without	without	ADP
cblr-2961	167	31	drawing	draw	VERB
cblr-2961	167	32	the	the	DET
cblr-2961	167	33	market	market	NOUN
cblr-2961	167	34	's	's	PART
cblr-2961	167	35	attention	attention	NOUN
cblr-2961	167	36	,	,	PUNCT
cblr-2961	167	37	more	more	ADV
cblr-2961	167	38	difficult	difficult	ADJ
cblr-2961	167	39	,	,	PUNCT
cblr-2961	167	40	and	and	CCONJ
cblr-2961	167	41	more	more	ADV
cblr-2961	167	42	costly	costly	ADJ
cblr-2961	167	43	.	.	PUNCT
cblr-2961	168	1	"0	"0	VERB
cblr-2961	168	2	mutual	mutual	ADJ
cblr-2961	168	3	funds	fund	NOUN
cblr-2961	168	4	are	be	AUX
cblr-2961	168	5	also	also	ADV
cblr-2961	168	6	subject	subject	ADJ
cblr-2961	168	7	to	to	ADP
cblr-2961	168	8	the	the	DET
cblr-2961	168	9	regulations	regulation	NOUN
cblr-2961	168	10	of	of	ADP
cblr-2961	168	11	the	the	DET
cblr-2961	168	12	investment	investment	NOUN
cblr-2961	168	13	company	company	NOUN
cblr-2961	168	14	act	act	PROPN
cblr-2961	168	15	,	,	PUNCT
cblr-2961	168	16	which	which	PRON
cblr-2961	168	17	provides	provide	VERB
cblr-2961	168	18	that	that	SCONJ
cblr-2961	168	19	a	a	DET
cblr-2961	168	20	mutual	mutual	ADJ
cblr-2961	168	21	fund	fund	NOUN
cblr-2961	168	22	can	can	AUX
cblr-2961	168	23	not	not	PART
cblr-2961	168	24	advertise	advertise	VERB
cblr-2961	168	25	itself	itself	PRON
cblr-2961	168	26	as	as	ADP
cblr-2961	168	27	diversified	diversified	ADJ
cblr-2961	168	28	if	if	SCONJ
cblr-2961	168	29	,	,	PUNCT
cblr-2961	168	30	among	among	ADP
cblr-2961	168	31	the	the	DET
cblr-2961	168	32	seventy	seventy	NUM
cblr-2961	168	33	-	-	PUNCT
cblr-2961	168	34	five	five	NUM
cblr-2961	168	35	percent	percent	NOUN
cblr-2961	168	36	regulated	regulate	VERB
cblr-2961	168	37	fund	fund	NOUN
cblr-2961	168	38	assets	asset	NOUN
cblr-2961	168	39	,	,	PUNCT
cblr-2961	168	40	it	it	PRON
cblr-2961	168	41	owns	own	VERB
cblr-2961	168	42	more	more	ADJ
cblr-2961	168	43	than	than	ADP
cblr-2961	168	44	ten	ten	NUM
cblr-2961	168	45	percent	percent	NOUN
cblr-2961	168	46	of	of	ADP
cblr-2961	168	47	the	the	DET
cblr-2961	168	48	stock	stock	NOUN
cblr-2961	168	49	of	of	ADP
cblr-2961	168	50	any	any	DET
cblr-2961	168	51	company	company	NOUN
cblr-2961	168	52	or	or	CCONJ
cblr-2961	168	53	places	place	NOUN
cblr-2961	168	54	more	more	ADJ
cblr-2961	168	55	46	46	NUM
cblr-2961	168	56	see	see	NOUN
cblr-2961	168	57	discussion	discussion	NOUN
cblr-2961	168	58	infra	infra	NOUN
cblr-2961	168	59	part	part	NOUN
cblr-2961	168	60	ii.c.l.i	ii.c.l.i	ADV
cblr-2961	168	61	.	.	PUNCT
cblr-2961	169	1	47	47	NUM
cblr-2961	170	1	i	i	PRON
cblr-2961	170	2	d.	d.	PROPN
cblr-2961	170	3	'	'	PUNCT
cblr-2961	170	4	see	see	VERB
cblr-2961	170	5	discussion	discussion	NOUN
cblr-2961	170	6	infra	infra	NOUN
cblr-2961	170	7	part	part	NOUN
cblr-2961	170	8	ii.c.l.ii	ii.c.l.ii	ADJ
cblr-2961	170	9	.	.	PUNCT
cblr-2961	171	1	41	41	NUM
cblr-2961	171	2	15	15	NUM
cblr-2961	171	3	u.s.c	u.s.c	NOUN
cblr-2961	171	4	.	.	PUNCT
cblr-2961	172	1	§	§	PROPN
cblr-2961	172	2	80a-29(e)(2	80a-29(e)(2	NUM
cblr-2961	172	3	)	)	PUNCT
cblr-2961	172	4	(	(	PUNCT
cblr-2961	172	5	2006	2006	NUM
cblr-2961	172	6	)	)	PUNCT
cblr-2961	172	7	.	.	PUNCT
cblr-2961	173	1	50	50	NUM
cblr-2961	173	2	once	once	SCONJ
cblr-2961	173	3	other	other	ADJ
cblr-2961	173	4	investors	investor	NOUN
cblr-2961	173	5	observe	observe	VERB
cblr-2961	173	6	that	that	SCONJ
cblr-2961	173	7	a	a	DET
cblr-2961	173	8	mutual	mutual	ADJ
cblr-2961	173	9	fund	fund	NOUN
cblr-2961	173	10	is	be	AUX
cblr-2961	173	11	increasing	increase	VERB
cblr-2961	173	12	its	its	PRON
cblr-2961	173	13	position	position	NOUN
cblr-2961	173	14	in	in	ADP
cblr-2961	173	15	a	a	DET
cblr-2961	173	16	company	company	NOUN
cblr-2961	173	17	and	and	CCONJ
cblr-2961	173	18	will	will	AUX
cblr-2961	173	19	keep	keep	VERB
cblr-2961	173	20	doing	do	VERB
cblr-2961	173	21	so	so	ADV
cblr-2961	173	22	with	with	ADP
cblr-2961	173	23	the	the	DET
cblr-2961	173	24	expectation	expectation	NOUN
cblr-2961	173	25	that	that	SCONJ
cblr-2961	173	26	the	the	DET
cblr-2961	173	27	target	target	NOUN
cblr-2961	173	28	's	's	PART
cblr-2961	173	29	stock	stock	NOUN
cblr-2961	173	30	price	price	NOUN
cblr-2961	173	31	will	will	AUX
cblr-2961	173	32	increase	increase	VERB
cblr-2961	173	33	further	far	ADV
cblr-2961	173	34	,	,	PUNCT
cblr-2961	173	35	they	they	PRON
cblr-2961	173	36	may	may	AUX
cblr-2961	173	37	join	join	VERB
cblr-2961	173	38	in	in	ADP
cblr-2961	173	39	purchasing	purchase	VERB
cblr-2961	173	40	the	the	DET
cblr-2961	173	41	target	target	NOUN
cblr-2961	173	42	's	's	PART
cblr-2961	173	43	stocks	stock	NOUN
cblr-2961	173	44	.	.	PUNCT
cblr-2961	174	1	this	this	PRON
cblr-2961	174	2	further	further	ADJ
cblr-2961	174	3	inflates	inflate	VERB
cblr-2961	174	4	the	the	DET
cblr-2961	174	5	target	target	NOUN
cblr-2961	174	6	's	's	PART
cblr-2961	174	7	stock	stock	NOUN
cblr-2961	174	8	price	price	NOUN
cblr-2961	174	9	.	.	PUNCT
cblr-2961	175	1	the	the	DET
cblr-2961	175	2	mutual	mutual	ADJ
cblr-2961	175	3	fund	fund	NOUN
cblr-2961	175	4	eventually	eventually	ADV
cblr-2961	175	5	may	may	AUX
cblr-2961	175	6	have	have	VERB
cblr-2961	175	7	to	to	PART
cblr-2961	175	8	spend	spend	VERB
cblr-2961	175	9	more	more	ADJ
cblr-2961	175	10	to	to	PART
cblr-2961	175	11	reach	reach	VERB
cblr-2961	175	12	its	its	PRON
cblr-2961	175	13	target	target	NOUN
cblr-2961	175	14	goal	goal	NOUN
cblr-2961	175	15	,	,	PUNCT
cblr-2961	175	16	or	or	CCONJ
cblr-2961	175	17	the	the	DET
cblr-2961	175	18	fund	fund	NOUN
cblr-2961	175	19	may	may	AUX
cblr-2961	175	20	acquire	acquire	VERB
cblr-2961	175	21	less	less	ADJ
cblr-2961	175	22	,	,	PUNCT
cblr-2961	175	23	which	which	PRON
cblr-2961	175	24	reduces	reduce	VERB
cblr-2961	175	25	the	the	DET
cblr-2961	175	26	profits	profit	NOUN
cblr-2961	175	27	from	from	ADP
cblr-2961	175	28	activism	activism	NOUN
cblr-2961	175	29	.	.	PUNCT
cblr-2961	176	1	on	on	ADP
cblr-2961	176	2	the	the	DET
cblr-2961	176	3	other	other	ADJ
cblr-2961	176	4	hand	hand	NOUN
cblr-2961	176	5	,	,	PUNCT
cblr-2961	176	6	if	if	SCONJ
cblr-2961	176	7	a	a	DET
cblr-2961	176	8	mutual	mutual	ADJ
cblr-2961	176	9	fund	fund	NOUN
cblr-2961	176	10	wants	want	VERB
cblr-2961	176	11	to	to	PART
cblr-2961	176	12	avoid	avoid	VERB
cblr-2961	176	13	informing	inform	VERB
cblr-2961	176	14	the	the	DET
cblr-2961	176	15	market	market	NOUN
cblr-2961	176	16	of	of	ADP
cblr-2961	176	17	its	its	PRON
cblr-2961	176	18	accumulation	accumulation	NOUN
cblr-2961	176	19	of	of	ADP
cblr-2961	176	20	stocks	stock	NOUN
cblr-2961	176	21	in	in	ADP
cblr-2961	176	22	a	a	DET
cblr-2961	176	23	target	target	NOUN
cblr-2961	176	24	company	company	NOUN
cblr-2961	176	25	before	before	SCONJ
cblr-2961	176	26	it	it	PRON
cblr-2961	176	27	is	be	AUX
cblr-2961	176	28	finished	finish	VERB
cblr-2961	176	29	,	,	PUNCT
cblr-2961	176	30	it	it	PRON
cblr-2961	176	31	must	must	AUX
cblr-2961	176	32	reach	reach	VERB
cblr-2961	176	33	its	its	PRON
cblr-2961	176	34	desired	desire	VERB
cblr-2961	176	35	goal	goal	NOUN
cblr-2961	176	36	within	within	ADP
cblr-2961	176	37	the	the	DET
cblr-2961	176	38	period	period	NOUN
cblr-2961	176	39	between	between	ADP
cblr-2961	176	40	disclosures	disclosure	NOUN
cblr-2961	176	41	.	.	PUNCT
cblr-2961	177	1	this	this	PRON
cblr-2961	177	2	is	be	AUX
cblr-2961	177	3	not	not	PART
cblr-2961	177	4	always	always	ADV
cblr-2961	177	5	a	a	DET
cblr-2961	177	6	viable	viable	ADJ
cblr-2961	177	7	option	option	NOUN
cblr-2961	177	8	,	,	PUNCT
cblr-2961	177	9	and	and	CCONJ
cblr-2961	177	10	a	a	DET
cblr-2961	177	11	fund	fund	NOUN
cblr-2961	177	12	's	's	PART
cblr-2961	177	13	purchase	purchase	NOUN
cblr-2961	177	14	of	of	ADP
cblr-2961	177	15	a	a	DET
cblr-2961	177	16	large	large	ADJ
cblr-2961	177	17	collection	collection	NOUN
cblr-2961	177	18	of	of	ADP
cblr-2961	177	19	stocks	stock	NOUN
cblr-2961	177	20	within	within	ADP
cblr-2961	177	21	a	a	DET
cblr-2961	177	22	short	short	ADJ
cblr-2961	177	23	period	period	NOUN
cblr-2961	177	24	of	of	ADP
cblr-2961	177	25	time	time	NOUN
cblr-2961	177	26	may	may	AUX
cblr-2961	177	27	alert	alert	VERB
cblr-2961	177	28	the	the	DET
cblr-2961	177	29	market	market	NOUN
cblr-2961	177	30	as	as	ADV
cblr-2961	177	31	well	well	ADV
cblr-2961	177	32	.	.	PUNCT
cblr-2961	178	1	without	without	ADP
cblr-2961	178	2	the	the	DET
cblr-2961	178	3	compulsory	compulsory	ADJ
cblr-2961	178	4	disclosure	disclosure	NOUN
cblr-2961	178	5	requirement	requirement	NOUN
cblr-2961	178	6	set	set	VERB
cblr-2961	178	7	forth	forth	ADP
cblr-2961	178	8	in	in	ADP
cblr-2961	178	9	15	15	NUM
cblr-2961	178	10	u.s.c	u.s.c	ADJ
cblr-2961	178	11	.	.	PUNCT
cblr-2961	179	1	§	§	PROPN
cblr-2961	179	2	80a-29(e)(2	80a-29(e)(2	NUM
cblr-2961	179	3	)	)	PUNCT
cblr-2961	179	4	,	,	PUNCT
cblr-2961	179	5	a	a	DET
cblr-2961	179	6	mutual	mutual	ADJ
cblr-2961	179	7	fund	fund	NOUN
cblr-2961	179	8	only	only	ADV
cblr-2961	179	9	needs	need	VERB
cblr-2961	179	10	to	to	PART
cblr-2961	179	11	file	file	VERB
cblr-2961	179	12	a	a	DET
cblr-2961	179	13	13d	13d	NOUN
cblr-2961	179	14	report	report	NOUN
cblr-2961	179	15	with	with	ADP
cblr-2961	179	16	the	the	DET
cblr-2961	179	17	sec	sec	PROPN
cblr-2961	179	18	after	after	ADP
cblr-2961	179	19	acquiring	acquire	VERB
cblr-2961	179	20	a	a	DET
cblr-2961	179	21	five	five	NUM
cblr-2961	179	22	percent	percent	NOUN
cblr-2961	179	23	stake	stake	NOUN
cblr-2961	179	24	within	within	ADP
cblr-2961	179	25	a	a	DET
cblr-2961	179	26	company	company	NOUN
cblr-2961	179	27	.	.	PUNCT
cblr-2961	180	1	15	15	NUM
cblr-2961	180	2	u.s.c	u.s.c	ADJ
cblr-2961	180	3	.	.	PUNCT
cblr-2961	181	1	§	§	PROPN
cblr-2961	181	2	78m(d	78m(d	NUM
cblr-2961	181	3	)	)	PUNCT
cblr-2961	181	4	(	(	PUNCT
cblr-2961	181	5	2006	2006	NUM
cblr-2961	181	6	)	)	PUNCT
cblr-2961	181	7	.	.	PUNCT
cblr-2961	182	1	[	[	X
cblr-2961	182	2	vol	vol	NOUN
cblr-2961	182	3	.	.	NOUN
cblr-2961	182	4	2008	2008	NUM
cblr-2961	182	5	than	than	ADP
cblr-2961	182	6	five	five	NUM
cblr-2961	182	7	percent	percent	NOUN
cblr-2961	182	8	of	of	ADP
cblr-2961	182	9	its	its	PRON
cblr-2961	182	10	assets	asset	NOUN
cblr-2961	182	11	in	in	ADP
cblr-2961	182	12	the	the	DET
cblr-2961	182	13	securities	security	NOUN
cblr-2961	182	14	of	of	ADP
cblr-2961	182	15	any	any	DET
cblr-2961	182	16	issuer	issuer	NOUN
cblr-2961	182	17	1	1	NUM
cblr-2961	182	18	in	in	ADP
cblr-2961	182	19	addition	addition	NOUN
cblr-2961	182	20	,	,	PUNCT
cblr-2961	182	21	the	the	DET
cblr-2961	182	22	internal	internal	ADJ
cblr-2961	182	23	revenue	revenue	NOUN
cblr-2961	182	24	code	code	NOUN
cblr-2961	182	25	allows	allow	VERB
cblr-2961	182	26	only	only	ADV
cblr-2961	182	27	diversified	diversified	ADJ
cblr-2961	182	28	mutual	mutual	ADJ
cblr-2961	182	29	funds	fund	NOUN
cblr-2961	182	30	to	to	PART
cblr-2961	182	31	pass	pass	VERB
cblr-2961	182	32	income	income	NOUN
cblr-2961	182	33	through	through	ADP
cblr-2961	182	34	to	to	ADP
cblr-2961	182	35	shareholders	shareholder	NOUN
cblr-2961	182	36	.	.	PUNCT
cblr-2961	183	1	52	52	NUM
cblr-2961	183	2	thus	thus	ADV
cblr-2961	183	3	,	,	PUNCT
cblr-2961	183	4	mutual	mutual	ADJ
cblr-2961	183	5	funds	fund	NOUN
cblr-2961	183	6	must	must	AUX
cblr-2961	183	7	have	have	VERB
cblr-2961	183	8	at	at	ADV
cblr-2961	183	9	least	least	ADJ
cblr-2961	183	10	half	half	NOUN
cblr-2961	183	11	of	of	ADP
cblr-2961	183	12	their	their	PRON
cblr-2961	183	13	investments	investment	NOUN
cblr-2961	183	14	in	in	ADP
cblr-2961	183	15	companies	company	NOUN
cblr-2961	183	16	constituting	constitute	VERB
cblr-2961	183	17	no	no	DET
cblr-2961	183	18	more	more	ADJ
cblr-2961	183	19	than	than	ADP
cblr-2961	183	20	five	five	NUM
cblr-2961	183	21	percent	percent	NOUN
cblr-2961	183	22	of	of	ADP
cblr-2961	183	23	the	the	DET
cblr-2961	183	24	portfolio	portfolio	NOUN
cblr-2961	183	25	and	and	CCONJ
cblr-2961	183	26	constituting	constitute	VERB
cblr-2961	183	27	no	no	DET
cblr-2961	183	28	more	more	ADJ
cblr-2961	183	29	than	than	ADP
cblr-2961	183	30	ten	ten	NUM
cblr-2961	183	31	percent	percent	NOUN
cblr-2961	183	32	of	of	ADP
cblr-2961	183	33	the	the	DET
cblr-2961	183	34	portfolio	portfolio	NOUN
cblr-2961	183	35	company	company	NOUN
cblr-2961	183	36	's	's	PART
cblr-2961	183	37	outstanding	outstanding	ADJ
cblr-2961	183	38	stock	stock	NOUN
cblr-2961	183	39	.	.	PUNCT
cblr-2961	184	1	5	5	NUM
cblr-2961	184	2	for	for	ADP
cblr-2961	184	3	the	the	DET
cblr-2961	184	4	other	other	ADJ
cblr-2961	184	5	half	half	NOUN
cblr-2961	184	6	,	,	PUNCT
cblr-2961	184	7	mutual	mutual	ADJ
cblr-2961	184	8	funds	fund	NOUN
cblr-2961	184	9	can	can	AUX
cblr-2961	184	10	have	have	VERB
cblr-2961	184	11	no	no	DET
cblr-2961	184	12	more	more	ADJ
cblr-2961	184	13	than	than	ADP
cblr-2961	184	14	twenty	twenty	NUM
cblr-2961	184	15	-	-	PUNCT
cblr-2961	184	16	five	five	NUM
cblr-2961	184	17	percent	percent	NOUN
cblr-2961	184	18	of	of	ADP
cblr-2961	184	19	the	the	DET
cblr-2961	184	20	funds	fund	NOUN
cblr-2961	184	21	'	'	PART
cblr-2961	184	22	total	total	ADJ
cblr-2961	184	23	assets	asset	NOUN
cblr-2961	184	24	in	in	ADP
cblr-2961	184	25	a	a	DET
cblr-2961	184	26	single	single	ADJ
cblr-2961	184	27	investment	investment	NOUN
cblr-2961	184	28	holding.54	holding.54	INTJ
cblr-2961	184	29	such	such	DET
cblr-2961	184	30	a	a	DET
cblr-2961	184	31	ceiling	ceiling	NOUN
cblr-2961	184	32	on	on	ADP
cblr-2961	184	33	the	the	DET
cblr-2961	184	34	use	use	NOUN
cblr-2961	184	35	of	of	ADP
cblr-2961	184	36	fund	fund	NOUN
cblr-2961	184	37	assets	asset	NOUN
cblr-2961	184	38	limits	limit	VERB
cblr-2961	184	39	the	the	DET
cblr-2961	184	40	maximum	maximum	ADJ
cblr-2961	184	41	stake	stake	NOUN
cblr-2961	184	42	a	a	DET
cblr-2961	184	43	mutual	mutual	ADJ
cblr-2961	184	44	fund	fund	NOUN
cblr-2961	184	45	can	can	AUX
cblr-2961	184	46	acquire	acquire	VERB
cblr-2961	184	47	in	in	ADP
cblr-2961	184	48	a	a	DET
cblr-2961	184	49	certain	certain	ADJ
cblr-2961	184	50	company	company	NOUN
cblr-2961	184	51	.	.	PUNCT
cblr-2961	185	1	investors	investor	NOUN
cblr-2961	185	2	are	be	AUX
cblr-2961	185	3	better	well	ADV
cblr-2961	185	4	protected	protect	VERB
cblr-2961	185	5	because	because	SCONJ
cblr-2961	185	6	diversification	diversification	NOUN
cblr-2961	185	7	reduces	reduce	VERB
cblr-2961	185	8	the	the	DET
cblr-2961	185	9	risk	risk	NOUN
cblr-2961	185	10	of	of	ADP
cblr-2961	185	11	a	a	DET
cblr-2961	185	12	sudden	sudden	ADJ
cblr-2961	185	13	price	price	NOUN
cblr-2961	185	14	fluctuation	fluctuation	NOUN
cblr-2961	185	15	of	of	ADP
cblr-2961	185	16	any	any	DET
cblr-2961	185	17	single	single	ADJ
cblr-2961	185	18	investment	investment	NOUN
cblr-2961	185	19	target	target	NOUN
cblr-2961	185	20	,	,	PUNCT
cblr-2961	185	21	making	make	VERB
cblr-2961	185	22	their	their	PRON
cblr-2961	185	23	investment	investment	NOUN
cblr-2961	185	24	less	less	ADV
cblr-2961	185	25	volatile.5	volatile.5	NOUN
cblr-2961	185	26	on	on	ADP
cblr-2961	185	27	the	the	DET
cblr-2961	185	28	other	other	ADJ
cblr-2961	185	29	hand	hand	NOUN
cblr-2961	185	30	,	,	PUNCT
cblr-2961	185	31	such	such	DET
cblr-2961	185	32	a	a	DET
cblr-2961	185	33	limitation	limitation	NOUN
cblr-2961	185	34	restricts	restrict	VERB
cblr-2961	185	35	some	some	DET
cblr-2961	185	36	aggressive	aggressive	ADJ
cblr-2961	185	37	investment	investment	NOUN
cblr-2961	185	38	strategies	strategy	NOUN
cblr-2961	185	39	that	that	PRON
cblr-2961	185	40	involve	involve	VERB
cblr-2961	185	41	taking	take	VERB
cblr-2961	185	42	a	a	DET
cblr-2961	185	43	large	large	ADJ
cblr-2961	185	44	position	position	NOUN
cblr-2961	185	45	in	in	ADP
cblr-2961	185	46	a	a	DET
cblr-2961	185	47	certain	certain	ADJ
cblr-2961	185	48	company	company	NOUN
cblr-2961	185	49	,	,	PUNCT
cblr-2961	185	50	strategies	strategy	NOUN
cblr-2961	185	51	that	that	PRON
cblr-2961	185	52	would	would	AUX
cblr-2961	185	53	otherwise	otherwise	ADV
cblr-2961	185	54	be	be	AUX
cblr-2961	185	55	adopted	adopt	VERB
cblr-2961	185	56	by	by	ADP
cblr-2961	185	57	mutual	mutual	ADJ
cblr-2961	185	58	funds.56	funds.56	NOUN
cblr-2961	185	59	51	51	NUM
cblr-2961	185	60	15	15	NUM
cblr-2961	185	61	u.s.c	u.s.c	NOUN
cblr-2961	185	62	.	.	PUNCT
cblr-2961	186	1	§	§	PROPN
cblr-2961	186	2	80a-5(b)(1	80a-5(b)(1	NOUN
cblr-2961	186	3	)	)	PUNCT
cblr-2961	186	4	(	(	PUNCT
cblr-2961	186	5	2006	2006	NUM
cblr-2961	186	6	)	)	PUNCT
cblr-2961	186	7	(	(	PUNCT
cblr-2961	186	8	"	"	PUNCT
cblr-2961	186	9	diversified	diversified	ADJ
cblr-2961	186	10	company	company	NOUN
cblr-2961	186	11	means	mean	VERB
cblr-2961	186	12	a	a	DET
cblr-2961	186	13	management	management	NOUN
cblr-2961	186	14	company	company	NOUN
cblr-2961	186	15	which	which	PRON
cblr-2961	186	16	meets	meet	VERB
cblr-2961	186	17	the	the	DET
cblr-2961	186	18	following	follow	VERB
cblr-2961	186	19	requirements	requirement	NOUN
cblr-2961	186	20	:	:	PUNCT
cblr-2961	186	21	at	at	ADV
cblr-2961	186	22	least	least	ADV
cblr-2961	186	23	75	75	NUM
cblr-2961	186	24	per	per	ADP
cblr-2961	186	25	centum	centum	NOUN
cblr-2961	186	26	of	of	ADP
cblr-2961	186	27	the	the	DET
cblr-2961	186	28	value	value	NOUN
cblr-2961	186	29	of	of	ADP
cblr-2961	186	30	its	its	PRON
cblr-2961	186	31	total	total	ADJ
cblr-2961	186	32	assets	asset	NOUN
cblr-2961	186	33	is	be	AUX
cblr-2961	186	34	represented	represent	VERB
cblr-2961	186	35	by	by	ADP
cblr-2961	186	36	cash	cash	NOUN
cblr-2961	186	37	and	and	CCONJ
cblr-2961	186	38	cash	cash	NOUN
cblr-2961	186	39	items	item	NOUN
cblr-2961	186	40	(	(	PUNCT
cblr-2961	186	41	including	include	VERB
cblr-2961	186	42	receivables	receivable	NOUN
cblr-2961	186	43	)	)	PUNCT
cblr-2961	186	44	,	,	PUNCT
cblr-2961	186	45	government	government	NOUN
cblr-2961	186	46	securities	security	NOUN
cblr-2961	186	47	,	,	PUNCT
cblr-2961	186	48	securities	security	NOUN
cblr-2961	186	49	of	of	ADP
cblr-2961	186	50	other	other	ADJ
cblr-2961	186	51	investment	investment	NOUN
cblr-2961	186	52	companies	company	NOUN
cblr-2961	186	53	,	,	PUNCT
cblr-2961	186	54	and	and	CCONJ
cblr-2961	186	55	other	other	ADJ
cblr-2961	186	56	securities	security	NOUN
cblr-2961	186	57	for	for	ADP
cblr-2961	186	58	the	the	DET
cblr-2961	186	59	purposes	purpose	NOUN
cblr-2961	186	60	of	of	ADP
cblr-2961	186	61	this	this	DET
cblr-2961	186	62	calculation	calculation	NOUN
cblr-2961	186	63	limited	limit	VERB
cblr-2961	186	64	in	in	ADP
cblr-2961	186	65	respect	respect	NOUN
cblr-2961	186	66	of	of	ADP
cblr-2961	186	67	any	any	DET
cblr-2961	186	68	one	one	NUM
cblr-2961	186	69	issuer	issuer	NOUN
cblr-2961	186	70	to	to	ADP
cblr-2961	186	71	an	an	DET
cblr-2961	186	72	amount	amount	NOUN
cblr-2961	186	73	not	not	PART
cblr-2961	186	74	greater	great	ADJ
cblr-2961	186	75	in	in	ADP
cblr-2961	186	76	value	value	NOUN
cblr-2961	186	77	than	than	ADP
cblr-2961	186	78	5	5	NUM
cblr-2961	186	79	per	per	ADP
cblr-2961	186	80	centum	centum	NOUN
cblr-2961	186	81	of	of	ADP
cblr-2961	186	82	the	the	DET
cblr-2961	186	83	value	value	NOUN
cblr-2961	186	84	of	of	ADP
cblr-2961	186	85	the	the	DET
cblr-2961	186	86	total	total	ADJ
cblr-2961	186	87	assets	asset	NOUN
cblr-2961	186	88	of	of	ADP
cblr-2961	186	89	such	such	ADJ
cblr-2961	186	90	management	management	NOUN
cblr-2961	186	91	company	company	NOUN
cblr-2961	186	92	and	and	CCONJ
cblr-2961	186	93	to	to	ADP
cblr-2961	186	94	not	not	PART
cblr-2961	186	95	more	more	ADJ
cblr-2961	186	96	than	than	ADP
cblr-2961	186	97	10	10	NUM
cblr-2961	186	98	per	per	ADP
cblr-2961	186	99	centum	centum	NOUN
cblr-2961	186	100	of	of	ADP
cblr-2961	186	101	the	the	DET
cblr-2961	186	102	outstanding	outstanding	ADJ
cblr-2961	186	103	voting	voting	NOUN
cblr-2961	186	104	securities	security	NOUN
cblr-2961	186	105	of	of	ADP
cblr-2961	186	106	such	such	ADJ
cblr-2961	186	107	issuer	issuer	NOUN
cblr-2961	186	108	.	.	PUNCT
cblr-2961	186	109	"	"	PUNCT
cblr-2961	186	110	)	)	PUNCT
cblr-2961	186	111	.	.	PUNCT
cblr-2961	187	1	52	52	NUM
cblr-2961	187	2	26	26	NUM
cblr-2961	187	3	u.s.c	u.s.c	NOUN
cblr-2961	187	4	.	.	PUNCT
cblr-2961	188	1	§	§	PROPN
cblr-2961	188	2	851	851	NUM
cblr-2961	188	3	(	(	PUNCT
cblr-2961	188	4	2006	2006	NUM
cblr-2961	188	5	)	)	PUNCT
cblr-2961	188	6	(	(	PUNCT
cblr-2961	188	7	setting	set	VERB
cblr-2961	188	8	forth	forth	ADP
cblr-2961	188	9	the	the	DET
cblr-2961	188	10	definition	definition	NOUN
cblr-2961	188	11	of	of	ADP
cblr-2961	188	12	a	a	DET
cblr-2961	188	13	regulated	regulated	ADJ
cblr-2961	188	14	investment	investment	NOUN
cblr-2961	188	15	company	company	NOUN
cblr-2961	188	16	that	that	PRON
cblr-2961	188	17	can	can	AUX
cblr-2961	188	18	pass	pass	VERB
cblr-2961	188	19	the	the	DET
cblr-2961	188	20	income	income	NOUN
cblr-2961	188	21	through	through	ADP
cblr-2961	188	22	to	to	ADP
cblr-2961	188	23	shareholders	shareholder	NOUN
cblr-2961	188	24	)	)	PUNCT
cblr-2961	188	25	;	;	PUNCT
cblr-2961	188	26	roe	roe	NOUN
cblr-2961	188	27	,	,	PUNCT
cblr-2961	188	28	supra	supra	PROPN
cblr-2961	188	29	note	note	PROPN
cblr-2961	188	30	38	38	NUM
cblr-2961	188	31	,	,	PUNCT
cblr-2961	188	32	at	at	ADP
cblr-2961	188	33	20	20	NUM
cblr-2961	188	34	(	(	PUNCT
cblr-2961	188	35	"	"	PUNCT
cblr-2961	188	36	the	the	DET
cblr-2961	188	37	mutual	mutual	ADJ
cblr-2961	188	38	fund	fund	NOUN
cblr-2961	188	39	that	that	PRON
cblr-2961	188	40	would	would	AUX
cblr-2961	188	41	control	control	VERB
cblr-2961	188	42	industry	industry	NOUN
cblr-2961	188	43	would	would	AUX
cblr-2961	188	44	be	be	AUX
cblr-2961	188	45	taxed	tax	VERB
cblr-2961	188	46	unfavorably	unfavorably	ADV
cblr-2961	188	47	on	on	ADP
cblr-2961	188	48	its	its	PRON
cblr-2961	188	49	entire	entire	ADJ
cblr-2961	188	50	portfolio	portfolio	NOUN
cblr-2961	188	51	,	,	PUNCT
cblr-2961	188	52	since	since	SCONJ
cblr-2961	188	53	the	the	DET
cblr-2961	188	54	tax	tax	NOUN
cblr-2961	188	55	code	code	NOUN
cblr-2961	188	56	allows	allow	VERB
cblr-2961	188	57	only	only	ADV
cblr-2961	188	58	diversified	diversified	ADJ
cblr-2961	188	59	mutual	mutual	ADJ
cblr-2961	188	60	funds	fund	NOUN
cblr-2961	188	61	to	to	PART
cblr-2961	188	62	pass	pass	VERB
cblr-2961	188	63	income	income	NOUN
cblr-2961	188	64	through	through	ADP
cblr-2961	188	65	to	to	ADP
cblr-2961	188	66	shareholders	shareholder	NOUN
cblr-2961	188	67	,	,	PUNCT
cblr-2961	188	68	untaxed	untaxe	VERB
cblr-2961	188	69	to	to	ADP
cblr-2961	188	70	the	the	DET
cblr-2961	188	71	conduit	conduit	NOUN
cblr-2961	188	72	mutual	mutual	ADJ
cblr-2961	188	73	fund	fund	NOUN
cblr-2961	188	74	.	.	PUNCT
cblr-2961	189	1	and	and	CCONJ
cblr-2961	189	2	the	the	DET
cblr-2961	189	3	tax	tax	NOUN
cblr-2961	189	4	code	code	NOUN
cblr-2961	189	5	's	's	PART
cblr-2961	189	6	notion	notion	NOUN
cblr-2961	189	7	of	of	ADP
cblr-2961	189	8	"	"	PUNCT
cblr-2961	189	9	diversification	diversification	NOUN
cblr-2961	189	10	"	"	PUNCT
cblr-2961	189	11	parallels	parallel	NOUN
cblr-2961	189	12	that	that	PRON
cblr-2961	189	13	found	find	VERB
cblr-2961	189	14	in	in	ADP
cblr-2961	189	15	the	the	DET
cblr-2961	189	16	1940	1940	NUM
cblr-2961	189	17	act	act	NOUN
cblr-2961	189	18	.	.	PUNCT
cblr-2961	189	19	"	"	PUNCT
cblr-2961	189	20	)	)	PUNCT
cblr-2961	189	21	.	.	PUNCT
cblr-2961	190	1	"	"	PUNCT
cblr-2961	190	2	see	see	VERB
cblr-2961	190	3	supra	supra	PROPN
cblr-2961	190	4	note	note	PROPN
cblr-2961	190	5	51	51	NUM
cblr-2961	190	6	.	.	NUM
cblr-2961	190	7	54	54	NUM
cblr-2961	191	1	i	i	PROPN
cblr-2961	191	2	d.	d.	PROPN
cblr-2961	191	3	'	'	PART
cblr-2961	191	4	gilson	gilson	PROPN
cblr-2961	191	5	&	&	CCONJ
cblr-2961	191	6	black	black	PROPN
cblr-2961	191	7	,	,	PUNCT
cblr-2961	191	8	supra	supra	PROPN
cblr-2961	191	9	note	note	NOUN
cblr-2961	191	10	21	21	NUM
cblr-2961	191	11	,	,	PUNCT
cblr-2961	191	12	at	at	ADP
cblr-2961	191	13	92	92	NUM
cblr-2961	191	14	(	(	PUNCT
cblr-2961	191	15	"	"	PUNCT
cblr-2961	191	16	[	[	X
cblr-2961	191	17	d]iversification	d]iversification	NOUN
cblr-2961	191	18	also	also	ADV
cblr-2961	191	19	greatly	greatly	ADV
cblr-2961	191	20	reduces	reduce	VERB
cblr-2961	191	21	the	the	DET
cblr-2961	191	22	extreme	extreme	ADJ
cblr-2961	191	23	outliers	outlier	NOUN
cblr-2961	191	24	-	-	PUNCT
cblr-2961	191	25	a	a	DET
cblr-2961	191	26	diversified	diversified	ADJ
cblr-2961	191	27	investor	investor	NOUN
cblr-2961	191	28	is	be	AUX
cblr-2961	191	29	far	far	ADV
cblr-2961	191	30	less	less	ADV
cblr-2961	191	31	likely	likely	ADJ
cblr-2961	191	32	to	to	PART
cblr-2961	191	33	become	become	VERB
cblr-2961	191	34	rich	rich	ADJ
cblr-2961	191	35	or	or	CCONJ
cblr-2961	191	36	to	to	PART
cblr-2961	191	37	go	go	VERB
cblr-2961	191	38	broke	broke	ADJ
cblr-2961	191	39	.	.	PUNCT
cblr-2961	191	40	"	"	PUNCT
cblr-2961	191	41	)	)	PUNCT
cblr-2961	191	42	.	.	PUNCT
cblr-2961	191	43	'	'	PUNCT
cblr-2961	192	1	see	see	VERB
cblr-2961	192	2	supra	supra	PROPN
cblr-2961	192	3	notes	note	VERB
cblr-2961	192	4	51	51	NUM
cblr-2961	192	5	-	-	SYM
cblr-2961	192	6	52	52	NUM
cblr-2961	192	7	and	and	CCONJ
cblr-2961	192	8	accompanying	accompany	VERB
cblr-2961	192	9	text	text	NOUN
cblr-2961	192	10	.	.	PUNCT
cblr-2961	193	1	no	no	INTJ
cblr-2961	193	2	.	.	PUNCT
cblr-2961	194	1	2:7241	2:7241	NUM
cblr-2961	194	2	hedge	hedge	NOUN
cblr-2961	194	3	fund	fund	PROPN
cblr-2961	194	4	activism	activism	PROPN
cblr-2961	194	5	columbia	columbia	PROPN
cblr-2961	194	6	business	business	PROPN
cblr-2961	194	7	la	la	PROPN
cblr-2961	194	8	w	w	PROPN
cblr-2961	194	9	review	review	PROPN
cblr-2961	194	10	mutual	mutual	ADJ
cblr-2961	194	11	funds	fund	NOUN
cblr-2961	194	12	also	also	ADV
cblr-2961	194	13	differ	differ	VERB
cblr-2961	194	14	from	from	ADP
cblr-2961	194	15	hedge	hedge	ADJ
cblr-2961	194	16	funds	fund	NOUN
cblr-2961	194	17	in	in	ADP
cblr-2961	194	18	their	their	PRON
cblr-2961	194	19	compensation	compensation	NOUN
cblr-2961	194	20	structure	structure	NOUN
cblr-2961	194	21	.	.	PUNCT
cblr-2961	195	1	given	give	VERB
cblr-2961	195	2	the	the	DET
cblr-2961	195	3	same	same	ADJ
cblr-2961	195	4	set	set	NOUN
cblr-2961	195	5	of	of	ADP
cblr-2961	195	6	investment	investment	NOUN
cblr-2961	195	7	opportunities	opportunity	NOUN
cblr-2961	195	8	,	,	PUNCT
cblr-2961	195	9	those	those	PRON
cblr-2961	195	10	who	who	PRON
cblr-2961	195	11	are	be	AUX
cblr-2961	195	12	given	give	VERB
cblr-2961	195	13	stronger	strong	ADJ
cblr-2961	195	14	pay	pay	NOUN
cblr-2961	195	15	for	for	ADP
cblr-2961	195	16	performance	performance	NOUN
cblr-2961	195	17	-	-	PUNCT
cblr-2961	195	18	based	base	VERB
cblr-2961	195	19	compensation	compensation	NOUN
cblr-2961	195	20	are	be	AUX
cblr-2961	195	21	theoretically	theoretically	ADV
cblr-2961	195	22	more	more	ADV
cblr-2961	195	23	motivated	motivated	ADJ
cblr-2961	195	24	to	to	PART
cblr-2961	195	25	pursue	pursue	VERB
cblr-2961	195	26	those	those	DET
cblr-2961	195	27	opportunities	opportunity	NOUN
cblr-2961	195	28	than	than	ADP
cblr-2961	195	29	those	those	PRON
cblr-2961	195	30	who	who	PRON
cblr-2961	195	31	are	be	AUX
cblr-2961	195	32	not.57	not.57	ADJ
cblr-2961	195	33	"	"	PUNCT
cblr-2961	195	34	hedge	hedge	NOUN
cblr-2961	195	35	funds	fund	NOUN
cblr-2961	195	36	typically	typically	ADV
cblr-2961	195	37	charge	charge	VERB
cblr-2961	195	38	an	an	DET
cblr-2961	195	39	asset	asset	NOUN
cblr-2961	195	40	management	management	NOUN
cblr-2961	195	41	fee	fee	NOUN
cblr-2961	195	42	of	of	ADP
cblr-2961	195	43	one	one	NUM
cblr-2961	195	44	to	to	PART
cblr-2961	195	45	two	two	NUM
cblr-2961	195	46	percent	percent	NOUN
cblr-2961	195	47	of	of	ADP
cblr-2961	195	48	assets	asset	NOUN
cblr-2961	195	49	,	,	PUNCT
cblr-2961	195	50	plus	plus	CCONJ
cblr-2961	195	51	a	a	DET
cblr-2961	195	52	'	'	PUNCT
cblr-2961	195	53	performance	performance	NOUN
cblr-2961	195	54	fee	fee	NOUN
cblr-2961	195	55	'	'	PUNCT
cblr-2961	195	56	of	of	ADP
cblr-2961	195	57	twenty	twenty	NUM
cblr-2961	195	58	percent	percent	NOUN
cblr-2961	195	59	or	or	CCONJ
cblr-2961	195	60	more	more	ADJ
cblr-2961	195	61	of	of	ADP
cblr-2961	195	62	a	a	DET
cblr-2961	195	63	hedge	hedge	NOUN
cblr-2961	195	64	fund	fund	NOUN
cblr-2961	195	65	's	's	PART
cblr-2961	195	66	profits	profit	NOUN
cblr-2961	195	67	.	.	PUNCT
cblr-2961	196	1	"58	"58	PROPN
cblr-2961	196	2	a	a	DET
cblr-2961	196	3	few	few	ADJ
cblr-2961	196	4	hedge	hedge	NOUN
cblr-2961	196	5	fund	fund	NOUN
cblr-2961	196	6	managers	manager	NOUN
cblr-2961	196	7	take	take	VERB
cblr-2961	196	8	as	as	ADV
cblr-2961	196	9	much	much	ADJ
cblr-2961	196	10	as	as	ADP
cblr-2961	196	11	fifty	fifty	NUM
cblr-2961	196	12	percent	percent	NOUN
cblr-2961	196	13	of	of	ADP
cblr-2961	196	14	the	the	DET
cblr-2961	196	15	fund	fund	NOUN
cblr-2961	196	16	's	's	PART
cblr-2961	196	17	profit.59	profit.59	NOUN
cblr-2961	196	18	thus	thus	ADV
cblr-2961	196	19	,	,	PUNCT
cblr-2961	196	20	the	the	DET
cblr-2961	196	21	manager	manager	NOUN
cblr-2961	196	22	receives	receive	VERB
cblr-2961	196	23	a	a	DET
cblr-2961	196	24	remarkable	remarkable	ADJ
cblr-2961	196	25	profit	profit	NOUN
cblr-2961	196	26	from	from	ADP
cblr-2961	196	27	an	an	DET
cblr-2961	196	28	increase	increase	NOUN
cblr-2961	196	29	in	in	ADP
cblr-2961	196	30	the	the	DET
cblr-2961	196	31	fund	fund	NOUN
cblr-2961	196	32	's	's	PART
cblr-2961	196	33	value	value	NOUN
cblr-2961	196	34	.	.	PUNCT
cblr-2961	197	1	in	in	ADP
cblr-2961	197	2	fact	fact	NOUN
cblr-2961	197	3	,	,	PUNCT
cblr-2961	197	4	those	those	DET
cblr-2961	197	5	fees	fee	NOUN
cblr-2961	197	6	are	be	AUX
cblr-2961	197	7	so	so	ADV
cblr-2961	197	8	high	high	ADJ
cblr-2961	197	9	that	that	SCONJ
cblr-2961	197	10	they	they	PRON
cblr-2961	197	11	have	have	AUX
cblr-2961	197	12	aroused	arouse	VERB
cblr-2961	197	13	wide	wide	ADJ
cblr-2961	197	14	concern	concern	NOUN
cblr-2961	197	15	.	.	PUNCT
cblr-2961	198	1	°	°	ADP
cblr-2961	198	2	these	these	DET
cblr-2961	198	3	rewards	reward	NOUN
cblr-2961	198	4	are	be	AUX
cblr-2961	198	5	not	not	PART
cblr-2961	198	6	available	available	ADJ
cblr-2961	198	7	to	to	ADP
cblr-2961	198	8	mutual	mutual	ADJ
cblr-2961	198	9	fund	fund	NOUN
cblr-2961	198	10	managers	manager	NOUN
cblr-2961	198	11	,	,	PUNCT
cblr-2961	198	12	who	who	PRON
cblr-2961	198	13	generally	generally	ADV
cblr-2961	198	14	are	be	AUX
cblr-2961	198	15	paid	pay	VERB
cblr-2961	198	16	a	a	DET
cblr-2961	198	17	management	management	NOUN
cblr-2961	198	18	fee	fee	NOUN
cblr-2961	198	19	of	of	ADP
cblr-2961	198	20	0.31.5	0.31.5	NUM
cblr-2961	198	21	%	%	NOUN
cblr-2961	198	22	or	or	CCONJ
cblr-2961	198	23	two	two	NUM
cblr-2961	198	24	percent	percent	NOUN
cblr-2961	198	25	of	of	ADP
cblr-2961	198	26	net	net	ADJ
cblr-2961	198	27	asset	asset	NOUN
cblr-2961	198	28	value	value	NOUN
cblr-2961	198	29	(	(	PUNCT
cblr-2961	198	30	"	"	PUNCT
cblr-2961	198	31	nav	nav	NOUN
cblr-2961	198	32	"	"	PUNCT
cblr-2961	198	33	)	)	PUNCT
cblr-2961	198	34	,	,	PUNCT
cblr-2961	198	35	scaled	scale	VERB
cblr-2961	198	36	down	down	ADP
cblr-2961	198	37	at	at	ADP
cblr-2961	198	38	higher	high	ADJ
cblr-2961	198	39	asset	asset	NOUN
cblr-2961	198	40	levels	level	NOUN
cblr-2961	198	41	.	.	PUNCT
cblr-2961	199	1	1	1	NUM
cblr-2961	199	2	section	section	NOUN
cblr-2961	199	3	205	205	NUM
cblr-2961	199	4	of	of	ADP
cblr-2961	199	5	the	the	DET
cblr-2961	199	6	advisers	adviser	NOUN
cblr-2961	199	7	act	act	PROPN
cblr-2961	199	8	prohibits	prohibit	VERB
cblr-2961	199	9	compensation	compensation	NOUN
cblr-2961	199	10	to	to	ADP
cblr-2961	199	11	a	a	DET
cblr-2961	199	12	registered	register	VERB
cblr-2961	199	13	investment	investment	NOUN
cblr-2961	199	14	adviser	adviser	NOUN
cblr-2961	199	15	on	on	ADP
cblr-2961	199	16	the	the	DET
cblr-2961	199	17	basis	basis	NOUN
cblr-2961	199	18	of	of	ADP
cblr-2961	199	19	a	a	DET
cblr-2961	199	20	share	share	NOUN
cblr-2961	199	21	of	of	ADP
cblr-2961	199	22	capital	capital	NOUN
cblr-2961	199	23	gains	gain	NOUN
cblr-2961	199	24	or	or	CCONJ
cblr-2961	199	25	capital	capital	NOUN
cblr-2961	199	26	appreciation	appreciation	NOUN
cblr-2961	199	27	of	of	ADP
cblr-2961	199	28	any	any	DET
cblr-2961	199	29	portion	portion	NOUN
cblr-2961	199	30	of	of	ADP
cblr-2961	199	31	the	the	DET
cblr-2961	199	32	client	client	NOUN
cblr-2961	199	33	's	's	PART
cblr-2961	199	34	funds	fund	NOUN
cblr-2961	199	35	,	,	PUNCT
cblr-2961	199	36	unless	unless	SCONJ
cblr-2961	199	37	the	the	DET
cblr-2961	199	38	fee	fee	NOUN
cblr-2961	199	39	decreases	decrease	VERB
cblr-2961	199	40	on	on	ADP
cblr-2961	199	41	bad	bad	ADJ
cblr-2961	199	42	performance	performance	NOUN
cblr-2961	199	43	and	and	CCONJ
cblr-2961	199	44	increases	increase	NOUN
cblr-2961	199	45	on	on	ADP
cblr-2961	199	46	good	good	ADJ
cblr-2961	199	47	performance	performance	NOUN
cblr-2961	199	48	.	.	PUNCT
cblr-2961	200	1	62	62	NUM
cblr-2961	200	2	generally	generally	ADV
cblr-2961	200	3	,	,	PUNCT
cblr-2961	200	4	in	in	ADP
cblr-2961	200	5	accordance	accordance	NOUN
cblr-2961	200	6	with	with	ADP
cblr-2961	200	7	the	the	DET
cblr-2961	200	8	statutory	statutory	ADJ
cblr-2961	200	9	exemption	exemption	NOUN
cblr-2961	200	10	,	,	PUNCT
cblr-2961	200	11	"	"	PUNCT
cblr-2961	200	12	randall	randall	PROPN
cblr-2961	200	13	s.	s.	PROPN
cblr-2961	200	14	thomas	thomas	PROPN
cblr-2961	200	15	,	,	PUNCT
cblr-2961	200	16	explaining	explain	VERB
cblr-2961	200	17	the	the	DET
cblr-2961	200	18	international	international	ADJ
cblr-2961	200	19	ceo	ceo	NOUN
cblr-2961	200	20	pay	pay	NOUN
cblr-2961	200	21	gap	gap	NOUN
cblr-2961	200	22	:	:	PUNCT
cblr-2961	200	23	board	board	NOUN
cblr-2961	200	24	capture	capture	NOUN
cblr-2961	200	25	or	or	CCONJ
cblr-2961	200	26	market	market	NOUN
cblr-2961	200	27	driven	drive	VERB
cblr-2961	200	28	?	?	PUNCT
cblr-2961	200	29	,	,	PUNCT
cblr-2961	200	30	57	57	NUM
cblr-2961	200	31	vand	vand	NOUN
cblr-2961	200	32	.	.	PUNCT
cblr-2961	201	1	l.	l.	PROPN
cblr-2961	201	2	rev	rev	PROPN
cblr-2961	201	3	.	.	PROPN
cblr-2961	201	4	1171	1171	NUM
cblr-2961	201	5	,	,	PUNCT
cblr-2961	201	6	1213	1213	NUM
cblr-2961	201	7	(	(	PUNCT
cblr-2961	201	8	2004	2004	NUM
cblr-2961	201	9	)	)	PUNCT
cblr-2961	201	10	(	(	PUNCT
cblr-2961	201	11	mentioning	mention	VERB
cblr-2961	201	12	that	that	SCONJ
cblr-2961	201	13	if	if	SCONJ
cblr-2961	201	14	managers	manager	NOUN
cblr-2961	201	15	'	'	PART
cblr-2961	201	16	pay	pay	NOUN
cblr-2961	201	17	is	be	AUX
cblr-2961	201	18	based	base	VERB
cblr-2961	201	19	on	on	ADP
cblr-2961	201	20	the	the	DET
cblr-2961	201	21	return	return	NOUN
cblr-2961	201	22	that	that	PRON
cblr-2961	201	23	shareholders	shareholder	NOUN
cblr-2961	201	24	receive	receive	VERB
cblr-2961	201	25	,	,	PUNCT
cblr-2961	201	26	executives	executive	NOUN
cblr-2961	201	27	will	will	AUX
cblr-2961	201	28	have	have	VERB
cblr-2961	201	29	a	a	DET
cblr-2961	201	30	financial	financial	ADJ
cblr-2961	201	31	incentive	incentive	NOUN
cblr-2961	201	32	to	to	PART
cblr-2961	201	33	act	act	VERB
cblr-2961	201	34	in	in	ADP
cblr-2961	201	35	a	a	DET
cblr-2961	201	36	manner	manner	NOUN
cblr-2961	201	37	that	that	PRON
cblr-2961	201	38	serves	serve	VERB
cblr-2961	201	39	the	the	DET
cblr-2961	201	40	interests	interest	NOUN
cblr-2961	201	41	of	of	ADP
cblr-2961	201	42	those	those	PRON
cblr-2961	201	43	who	who	PRON
cblr-2961	201	44	own	own	VERB
cblr-2961	201	45	equity	equity	NOUN
cblr-2961	201	46	.	.	PUNCT
cblr-2961	202	1	otherwise	otherwise	ADV
cblr-2961	202	2	,	,	PUNCT
cblr-2961	202	3	there	there	PRON
cblr-2961	202	4	may	may	AUX
cblr-2961	202	5	be	be	AUX
cblr-2961	202	6	an	an	DET
cblr-2961	202	7	agency	agency	NOUN
cblr-2961	202	8	problem	problem	NOUN
cblr-2961	202	9	)	)	PUNCT
cblr-2961	202	10	.	.	PUNCT
cblr-2961	203	1	this	this	DET
cblr-2961	203	2	logic	logic	NOUN
cblr-2961	203	3	can	can	AUX
cblr-2961	203	4	be	be	AUX
cblr-2961	203	5	applied	apply	VERB
cblr-2961	203	6	to	to	ADP
cblr-2961	203	7	the	the	DET
cblr-2961	203	8	relationship	relationship	NOUN
cblr-2961	203	9	between	between	ADP
cblr-2961	203	10	fund	fund	NOUN
cblr-2961	203	11	investors	investor	NOUN
cblr-2961	203	12	and	and	CCONJ
cblr-2961	203	13	fund	fund	NOUN
cblr-2961	203	14	managers	manager	NOUN
cblr-2961	203	15	.	.	PUNCT
cblr-2961	203	16	"	"	PUNCT
cblr-2961	204	1	hedging	hedge	VERB
cblr-2961	204	2	your	your	PRON
cblr-2961	204	3	bets	bet	NOUN
cblr-2961	204	4	:	:	PUNCT
cblr-2961	204	5	a	a	DET
cblr-2961	204	6	heads	head	NOUN
cblr-2961	204	7	up	up	ADP
cblr-2961	204	8	on	on	ADP
cblr-2961	204	9	hedge	hedge	NOUN
cblr-2961	204	10	funds	fund	NOUN
cblr-2961	204	11	and	and	CCONJ
cblr-2961	204	12	funds	fund	NOUN
cblr-2961	204	13	of	of	ADP
cblr-2961	204	14	hedge	hedge	NOUN
cblr-2961	204	15	funds	fund	NOUN
cblr-2961	204	16	,	,	PUNCT
cblr-2961	204	17	http://www.sec.gov/answers/hedge.htm	http://www.sec.gov/answers/hedge.htm	X
cblr-2961	204	18	(	(	PUNCT
cblr-2961	204	19	last	last	ADJ
cblr-2961	204	20	visited	visit	VERB
cblr-2961	204	21	mar	mar	PROPN
cblr-2961	204	22	.	.	PROPN
cblr-2961	204	23	6	6	NUM
cblr-2961	204	24	,	,	PUNCT
cblr-2961	204	25	2008	2008	NUM
cblr-2961	204	26	)	)	PUNCT
cblr-2961	204	27	.	.	PUNCT
cblr-2961	204	28	"	"	PUNCT
cblr-2961	205	1	alan	alan	PROPN
cblr-2961	205	2	murray	murray	PROPN
cblr-2961	205	3	,	,	PUNCT
cblr-2961	205	4	hedge	hedge	NOUN
cblr-2961	205	5	funds	fund	NOUN
cblr-2961	205	6	need	need	VERB
cblr-2961	205	7	to	to	PART
cblr-2961	205	8	open	open	VERB
cblr-2961	205	9	up	up	ADP
cblr-2961	205	10	,	,	PUNCT
cblr-2961	205	11	wall	wall	PROPN
cblr-2961	205	12	.	.	PUNCT
cblr-2961	206	1	st	st	PROPN
cblr-2961	206	2	.	.	PROPN
cblr-2961	206	3	j.	j.	PROPN
cblr-2961	206	4	,	,	PUNCT
cblr-2961	206	5	apr	apr	PROPN
cblr-2961	206	6	.	.	PROPN
cblr-2961	206	7	5	5	NUM
cblr-2961	206	8	,	,	PUNCT
cblr-2961	206	9	2006	2006	NUM
cblr-2961	206	10	,	,	PUNCT
cblr-2961	206	11	at	at	ADP
cblr-2961	206	12	a2	a2	PROPN
cblr-2961	206	13	.	.	PUNCT
cblr-2961	207	1	60	60	NUM
cblr-2961	207	2	see	see	VERB
cblr-2961	207	3	,	,	PUNCT
cblr-2961	207	4	e.g.	e.g.	ADV
cblr-2961	207	5	,	,	PUNCT
cblr-2961	207	6	karen	karen	PROPN
cblr-2961	207	7	richardson	richardson	PROPN
cblr-2961	207	8	,	,	PUNCT
cblr-2961	207	9	buffett	buffett	PROPN
cblr-2961	207	10	says	say	VERB
cblr-2961	207	11	to	to	PART
cblr-2961	207	12	avoid	avoid	VERB
cblr-2961	207	13	scandals	scandal	NOUN
cblr-2961	207	14	,	,	PUNCT
cblr-2961	207	15	managers	manager	NOUN
cblr-2961	207	16	must	must	AUX
cblr-2961	207	17	not	not	PART
cblr-2961	207	18	follow	follow	VERB
cblr-2961	207	19	herd	herd	NOUN
cblr-2961	207	20	,	,	PUNCT
cblr-2961	207	21	wall	wall	PROPN
cblr-2961	207	22	st	st	PROPN
cblr-2961	207	23	.	.	PROPN
cblr-2961	207	24	j.	j.	PROPN
cblr-2961	207	25	,	,	PUNCT
cblr-2961	207	26	oct	oct	PROPN
cblr-2961	207	27	.	.	PROPN
cblr-2961	207	28	10	10	NUM
cblr-2961	207	29	,	,	PUNCT
cblr-2961	207	30	2006	2006	NUM
cblr-2961	207	31	,	,	PUNCT
cblr-2961	207	32	at	at	ADP
cblr-2961	207	33	a9	a9	NOUN
cblr-2961	207	34	(	(	PUNCT
cblr-2961	207	35	reporting	report	VERB
cblr-2961	207	36	that	that	SCONJ
cblr-2961	207	37	hedge	hedge	NOUN
cblr-2961	207	38	fund	fund	NOUN
cblr-2961	207	39	fees	fee	NOUN
cblr-2961	207	40	are	be	AUX
cblr-2961	207	41	one	one	NUM
cblr-2961	207	42	of	of	ADP
cblr-2961	207	43	the	the	DET
cblr-2961	207	44	corporate	corporate	ADJ
cblr-2961	207	45	governance	governance	NOUN
cblr-2961	207	46	issues	issue	NOUN
cblr-2961	207	47	that	that	PRON
cblr-2961	207	48	most	most	ADJ
cblr-2961	207	49	concern	concern	NOUN
cblr-2961	207	50	warren	warren	PROPN
cblr-2961	207	51	buffett	buffett	PROPN
cblr-2961	207	52	)	)	PUNCT
cblr-2961	207	53	.	.	PUNCT
cblr-2961	208	1	6	6	NUM
cblr-2961	208	2	"	"	PUNCT
cblr-2961	208	3	ian	ian	PROPN
cblr-2961	208	4	salisbury	salisbury	PROPN
cblr-2961	208	5	,	,	PUNCT
cblr-2961	208	6	investing	invest	VERB
cblr-2961	208	7	in	in	ADP
cblr-2961	208	8	funds	fund	NOUN
cblr-2961	208	9	:	:	PUNCT
cblr-2961	208	10	a	a	DET
cblr-2961	208	11	quarterly	quarterly	ADJ
cblr-2961	208	12	analysis	analysis	NOUN
cblr-2961	208	13	-	-	PUNCT
cblr-2961	208	14	a	a	DET
cblr-2961	208	15	tale	tale	NOUN
cblr-2961	208	16	of	of	ADP
cblr-2961	208	17	two	two	NUM
cblr-2961	208	18	etf	etf	NOUN
cblr-2961	208	19	trends	trend	NOUN
cblr-2961	208	20	:	:	PUNCT
cblr-2961	208	21	prices	price	NOUN
cblr-2961	208	22	rise	rise	VERB
cblr-2961	208	23	,	,	PUNCT
cblr-2961	208	24	as	as	SCONJ
cblr-2961	208	25	prices	price	NOUN
cblr-2961	208	26	fall	fall	VERB
cblr-2961	208	27	,	,	PUNCT
cblr-2961	208	28	wall	wall	PROPN
cblr-2961	208	29	.	.	PUNCT
cblr-2961	209	1	st	st	PROPN
cblr-2961	209	2	.	.	PROPN
cblr-2961	209	3	j.	j.	PROPN
cblr-2961	209	4	,	,	PUNCT
cblr-2961	209	5	oct	oct	PROPN
cblr-2961	209	6	.	.	PROPN
cblr-2961	209	7	2	2	NUM
cblr-2961	209	8	,	,	PUNCT
cblr-2961	209	9	2007	2007	NUM
cblr-2961	209	10	,	,	PUNCT
cblr-2961	209	11	at	at	ADP
cblr-2961	209	12	r1	r1	PROPN
cblr-2961	209	13	.	.	PUNCT
cblr-2961	210	1	62	62	NUM
cblr-2961	210	2	15	15	NUM
cblr-2961	210	3	u.s.c	u.s.c	NOUN
cblr-2961	210	4	.	.	PUNCT
cblr-2961	211	1	§	§	PROPN
cblr-2961	211	2	80b-5	80b-5	NUM
cblr-2961	211	3	(	(	PUNCT
cblr-2961	211	4	a)(1	a)(1	NUM
cblr-2961	211	5	)	)	PUNCT
cblr-2961	211	6	(	(	PUNCT
cblr-2961	211	7	2006	2006	NUM
cblr-2961	211	8	)	)	PUNCT
cblr-2961	211	9	.	.	PUNCT
cblr-2961	212	1	[	[	X
cblr-2961	212	2	vol	vol	NOUN
cblr-2961	212	3	.	.	NOUN
cblr-2961	212	4	2008	2008	NUM
cblr-2961	212	5	hedge	hedge	NOUN
cblr-2961	212	6	fund	fund	NOUN
cblr-2961	212	7	activism	activism	NOUN
cblr-2961	212	8	mutual	mutual	ADJ
cblr-2961	212	9	funds	fund	NOUN
cblr-2961	212	10	base	base	PROPN
cblr-2961	212	11	compensation	compensation	NOUN
cblr-2961	212	12	on	on	ADP
cblr-2961	212	13	a	a	DET
cblr-2961	212	14	percentage	percentage	NOUN
cblr-2961	212	15	of	of	ADP
cblr-2961	212	16	the	the	DET
cblr-2961	212	17	value	value	NOUN
cblr-2961	212	18	of	of	ADP
cblr-2961	212	19	assets	asset	NOUN
cblr-2961	212	20	under	under	ADP
cblr-2961	212	21	fund	fund	NOUN
cblr-2961	212	22	management	management	NOUN
cblr-2961	212	23	.	.	PUNCT
cblr-2961	213	1	3	3	NUM
cblr-2961	213	2	however	however	ADV
cblr-2961	213	3	,	,	PUNCT
cblr-2961	213	4	symmetrical	symmetrical	ADJ
cblr-2961	213	5	pay	pay	NOUN
cblr-2961	213	6	-	-	PUNCT
cblr-2961	213	7	for	for	ADP
cblr-2961	213	8	-	-	PUNCT
cblr-2961	213	9	performance	performance	NOUN
cblr-2961	213	10	fees	fee	NOUN
cblr-2961	213	11	are	be	AUX
cblr-2961	213	12	not	not	PART
cblr-2961	213	13	a	a	DET
cblr-2961	213	14	feasible	feasible	ADJ
cblr-2961	213	15	compensation	compensation	NOUN
cblr-2961	213	16	structure	structure	NOUN
cblr-2961	213	17	because	because	SCONJ
cblr-2961	213	18	of	of	ADP
cblr-2961	213	19	the	the	DET
cblr-2961	213	20	additional	additional	ADJ
cblr-2961	213	21	requirement	requirement	NOUN
cblr-2961	213	22	that	that	SCONJ
cblr-2961	213	23	fees	fee	NOUN
cblr-2961	213	24	be	be	AUX
cblr-2961	213	25	calculated	calculate	VERB
cblr-2961	213	26	using	use	VERB
cblr-2961	213	27	at	at	ADV
cblr-2961	213	28	least	least	ADJ
cblr-2961	213	29	a	a	DET
cblr-2961	213	30	one	one	NUM
cblr-2961	213	31	-	-	PUNCT
cblr-2961	213	32	year	year	NOUN
cblr-2961	213	33	performance	performance	NOUN
cblr-2961	213	34	period	period	NOUN
cblr-2961	213	35	.	.	PUNCT
cblr-2961	214	1	4	4	NUM
cblr-2961	214	2	if	if	SCONJ
cblr-2961	214	3	a	a	DET
cblr-2961	214	4	mutual	mutual	ADJ
cblr-2961	214	5	fund	fund	NOUN
cblr-2961	214	6	performs	perform	VERB
cblr-2961	214	7	exceptionally	exceptionally	ADV
cblr-2961	214	8	well	well	ADV
cblr-2961	214	9	during	during	ADP
cblr-2961	214	10	the	the	DET
cblr-2961	214	11	first	first	ADJ
cblr-2961	214	12	month	month	NOUN
cblr-2961	214	13	of	of	ADP
cblr-2961	214	14	the	the	DET
cblr-2961	214	15	one	one	NUM
cblr-2961	214	16	-	-	PUNCT
cblr-2961	214	17	year	year	NOUN
cblr-2961	214	18	period	period	NOUN
cblr-2961	214	19	,	,	PUNCT
cblr-2961	214	20	investors	investor	NOUN
cblr-2961	214	21	can	can	AUX
cblr-2961	214	22	redeem	redeem	VERB
cblr-2961	214	23	their	their	PRON
cblr-2961	214	24	shares	share	NOUN
cblr-2961	214	25	to	to	PART
cblr-2961	214	26	take	take	VERB
cblr-2961	214	27	profit	profit	NOUN
cblr-2961	214	28	from	from	ADP
cblr-2961	214	29	the	the	DET
cblr-2961	214	30	increased	increase	VERB
cblr-2961	214	31	nav	nav	NOUN
cblr-2961	214	32	but	but	CCONJ
cblr-2961	214	33	only	only	ADV
cblr-2961	214	34	pay	pay	VERB
cblr-2961	214	35	1/12	1/12	NUM
cblr-2961	214	36	of	of	ADP
cblr-2961	214	37	the	the	DET
cblr-2961	214	38	annual	annual	ADJ
cblr-2961	214	39	performance	performance	NOUN
cblr-2961	214	40	fee	fee	NOUN
cblr-2961	214	41	.	.	PUNCT
cblr-2961	215	1	65	65	NUM
cblr-2961	216	1	meanwhile	meanwhile	ADV
cblr-2961	216	2	,	,	PUNCT
cblr-2961	216	3	other	other	ADJ
cblr-2961	216	4	investors	investor	NOUN
cblr-2961	216	5	will	will	AUX
cblr-2961	216	6	be	be	AUX
cblr-2961	216	7	discouraged	discourage	VERB
cblr-2961	216	8	from	from	ADP
cblr-2961	216	9	investing	invest	VERB
cblr-2961	216	10	in	in	ADP
cblr-2961	216	11	that	that	DET
cblr-2961	216	12	fund	fund	NOUN
cblr-2961	216	13	because	because	SCONJ
cblr-2961	216	14	they	they	PRON
cblr-2961	216	15	have	have	VERB
cblr-2961	216	16	to	to	PART
cblr-2961	216	17	pay	pay	VERB
cblr-2961	216	18	part	part	NOUN
cblr-2961	216	19	of	of	ADP
cblr-2961	216	20	an	an	DET
cblr-2961	216	21	annual	annual	ADJ
cblr-2961	216	22	performance	performance	NOUN
cblr-2961	216	23	fee	fee	NOUN
cblr-2961	216	24	reflecting	reflect	VERB
cblr-2961	216	25	that	that	SCONJ
cblr-2961	216	26	first	first	ADJ
cblr-2961	216	27	month	month	NOUN
cblr-2961	216	28	's	's	PART
cblr-2961	216	29	outstanding	outstanding	ADJ
cblr-2961	216	30	performance	performance	NOUN
cblr-2961	216	31	without	without	ADP
cblr-2961	216	32	enjoying	enjoy	VERB
cblr-2961	216	33	that	that	DET
cblr-2961	216	34	month	month	NOUN
cblr-2961	216	35	's	's	PART
cblr-2961	216	36	increased	increase	VERB
cblr-2961	216	37	nav	nav	NOUN
cblr-2961	216	38	.	.	PUNCT
cblr-2961	217	1	as	as	SCONJ
cblr-2961	217	2	the	the	DET
cblr-2961	217	3	existing	exist	VERB
cblr-2961	217	4	investors	investor	NOUN
cblr-2961	217	5	exit	exit	NOUN
cblr-2961	217	6	and	and	CCONJ
cblr-2961	217	7	new	new	ADJ
cblr-2961	217	8	investors	investor	NOUN
cblr-2961	217	9	are	be	AUX
cblr-2961	217	10	discouraged	discourage	VERB
cblr-2961	217	11	from	from	ADP
cblr-2961	217	12	entry	entry	NOUN
cblr-2961	217	13	,	,	PUNCT
cblr-2961	217	14	the	the	DET
cblr-2961	217	15	management	management	NOUN
cblr-2961	217	16	's	's	PART
cblr-2961	217	17	compensation	compensation	NOUN
cblr-2961	217	18	actually	actually	ADV
cblr-2961	217	19	decreases	decrease	VERB
cblr-2961	217	20	as	as	SCONJ
cblr-2961	217	21	the	the	DET
cblr-2961	217	22	value	value	NOUN
cblr-2961	217	23	of	of	ADP
cblr-2961	217	24	assets	asset	NOUN
cblr-2961	217	25	under	under	ADP
cblr-2961	217	26	management	management	NOUN
cblr-2961	217	27	shrinks	shrink	VERB
cblr-2961	217	28	.	.	PUNCT
cblr-2961	218	1	67	67	NUM
cblr-2961	219	1	this	this	PRON
cblr-2961	219	2	illustrates	illustrate	VERB
cblr-2961	219	3	an	an	DET
cblr-2961	219	4	awkward	awkward	ADJ
cblr-2961	219	5	dilemma	dilemma	NOUN
cblr-2961	219	6	-	-	PUNCT
cblr-2961	219	7	mutual	mutual	ADJ
cblr-2961	219	8	funds	fund	NOUN
cblr-2961	219	9	'	'	PART
cblr-2961	219	10	outstanding	outstanding	ADJ
cblr-2961	219	11	performance	performance	NOUN
cblr-2961	219	12	may	may	AUX
cblr-2961	219	13	result	result	VERB
cblr-2961	219	14	in	in	ADP
cblr-2961	219	15	a	a	DET
cblr-2961	219	16	reduced	reduce	VERB
cblr-2961	219	17	management	management	NOUN
cblr-2961	219	18	fee	fee	NOUN
cblr-2961	219	19	.	.	PUNCT
cblr-2961	220	1	hedge	hedge	NOUN
cblr-2961	220	2	funds	fund	NOUN
cblr-2961	220	3	,	,	PUNCT
cblr-2961	220	4	on	on	ADP
cblr-2961	220	5	the	the	DET
cblr-2961	220	6	other	other	ADJ
cblr-2961	220	7	hand	hand	NOUN
cblr-2961	220	8	,	,	PUNCT
cblr-2961	220	9	are	be	AUX
cblr-2961	220	10	not	not	PART
cblr-2961	220	11	subject	subject	ADJ
cblr-2961	220	12	to	to	ADP
cblr-2961	220	13	the	the	DET
cblr-2961	220	14	adviser	adviser	NOUN
cblr-2961	220	15	act	act	NOUN
cblr-2961	220	16	's	's	PART
cblr-2961	220	17	limitation	limitation	NOUN
cblr-2961	220	18	on	on	ADP
cblr-2961	220	19	performance	performance	NOUN
cblr-2961	220	20	fees	fee	NOUN
cblr-2961	220	21	.	.	PUNCT
cblr-2961	220	22	"	"	PUNCT
cblr-2961	221	1	63	63	NUM
cblr-2961	221	2	i	i	PRON
cblr-2961	221	3	d.	d.	PROPN
cblr-2961	221	4	§	§	PROPN
cblr-2961	221	5	80b-5	80b-5	PROPN
cblr-2961	221	6	(	(	PUNCT
cblr-2961	221	7	b)(2)(b	b)(2)(b	NUM
cblr-2961	221	8	)	)	PUNCT
cblr-2961	221	9	(	(	PUNCT
cblr-2961	221	10	setting	set	VERB
cblr-2961	221	11	forth	forth	ADV
cblr-2961	221	12	that	that	SCONJ
cblr-2961	221	13	the	the	DET
cblr-2961	221	14	restriction	restriction	NOUN
cblr-2961	221	15	on	on	ADP
cblr-2961	221	16	calculation	calculation	NOUN
cblr-2961	221	17	of	of	ADP
cblr-2961	221	18	management	management	NOUN
cblr-2961	221	19	fees	fee	NOUN
cblr-2961	221	20	based	base	VERB
cblr-2961	221	21	on	on	ADP
cblr-2961	221	22	capital	capital	NOUN
cblr-2961	221	23	gains	gain	NOUN
cblr-2961	221	24	does	do	AUX
cblr-2961	221	25	not	not	PART
cblr-2961	221	26	apply	apply	VERB
cblr-2961	221	27	if	if	SCONJ
cblr-2961	221	28	a	a	DET
cblr-2961	221	29	percentage	percentage	NOUN
cblr-2961	221	30	of	of	ADP
cblr-2961	221	31	"	"	PUNCT
cblr-2961	221	32	the	the	DET
cblr-2961	221	33	asset	asset	NOUN
cblr-2961	221	34	value	value	NOUN
cblr-2961	221	35	of	of	ADP
cblr-2961	221	36	the	the	DET
cblr-2961	221	37	company	company	NOUN
cblr-2961	221	38	or	or	CCONJ
cblr-2961	221	39	fund	fund	NOUN
cblr-2961	221	40	under	under	ADP
cblr-2961	221	41	management	management	NOUN
cblr-2961	221	42	averaged	average	VERB
cblr-2961	221	43	over	over	ADP
cblr-2961	221	44	a	a	DET
cblr-2961	221	45	specified	specified	ADJ
cblr-2961	221	46	period	period	NOUN
cblr-2961	221	47	and	and	CCONJ
cblr-2961	221	48	increasing	increase	VERB
cblr-2961	221	49	and	and	CCONJ
cblr-2961	221	50	decreasing	decrease	VERB
cblr-2961	221	51	proportionately	proportionately	ADV
cblr-2961	221	52	with	with	ADP
cblr-2961	221	53	the	the	DET
cblr-2961	221	54	investment	investment	NOUN
cblr-2961	221	55	performance	performance	NOUN
cblr-2961	221	56	of	of	ADP
cblr-2961	221	57	the	the	DET
cblr-2961	221	58	company	company	NOUN
cblr-2961	221	59	or	or	CCONJ
cblr-2961	221	60	fund	fund	NOUN
cblr-2961	221	61	over	over	ADP
cblr-2961	221	62	a	a	DET
cblr-2961	221	63	specified	specified	ADJ
cblr-2961	221	64	period	period	NOUN
cblr-2961	221	65	in	in	ADP
cblr-2961	221	66	relation	relation	NOUN
cblr-2961	221	67	to	to	ADP
cblr-2961	221	68	the	the	DET
cblr-2961	221	69	investment	investment	NOUN
cblr-2961	221	70	record	record	NOUN
cblr-2961	221	71	of	of	ADP
cblr-2961	221	72	an	an	DET
cblr-2961	221	73	appropriate	appropriate	ADJ
cblr-2961	221	74	index	index	NOUN
cblr-2961	221	75	of	of	ADP
cblr-2961	221	76	securities	security	NOUN
cblr-2961	221	77	prices	price	NOUN
cblr-2961	221	78	or	or	CCONJ
cblr-2961	221	79	such	such	ADJ
cblr-2961	221	80	other	other	ADJ
cblr-2961	221	81	measure	measure	NOUN
cblr-2961	221	82	of	of	ADP
cblr-2961	221	83	investment	investment	NOUN
cblr-2961	221	84	performance	performance	NOUN
cblr-2961	221	85	as	as	ADP
cblr-2961	221	86	the	the	DET
cblr-2961	221	87	commission	commission	NOUN
cblr-2961	221	88	by	by	ADP
cblr-2961	221	89	rule	rule	NOUN
cblr-2961	221	90	,	,	PUNCT
cblr-2961	221	91	regulation	regulation	NOUN
cblr-2961	221	92	,	,	PUNCT
cblr-2961	221	93	or	or	CCONJ
cblr-2961	221	94	order	order	NOUN
cblr-2961	221	95	may	may	AUX
cblr-2961	221	96	specify	specify	VERB
cblr-2961	221	97	"	"	PUNCT
cblr-2961	221	98	)	)	PUNCT
cblr-2961	221	99	.	.	PUNCT
cblr-2961	221	100	'	'	PUNCT
cblr-2961	222	1	securities	security	NOUN
cblr-2961	222	2	industry	industry	NOUN
cblr-2961	222	3	association	association	PROPN
cblr-2961	222	4	,	,	PUNCT
cblr-2961	222	5	sec	sec	PROPN
cblr-2961	222	6	no	no	DET
cblr-2961	222	7	-	-	PUNCT
cblr-2961	222	8	action	action	NOUN
cblr-2961	222	9	letter	letter	NOUN
cblr-2961	222	10	,	,	PUNCT
cblr-2961	222	11	1986	1986	NUM
cblr-2961	222	12	sec	sec	PROPN
cblr-2961	222	13	no	no	DET
cblr-2961	222	14	-	-	PUNCT
cblr-2961	222	15	act	act	NOUN
cblr-2961	222	16	.	.	PUNCT
cblr-2961	223	1	lexis	lexis	PROPN
cblr-2961	223	2	2945	2945	NUM
cblr-2961	223	3	,	,	PUNCT
cblr-2961	223	4	at	at	ADP
cblr-2961	223	5	*	*	NUM
cblr-2961	223	6	4	4	NUM
cblr-2961	223	7	(	(	PUNCT
cblr-2961	223	8	nov	nov	PROPN
cblr-2961	223	9	.	.	PROPN
cblr-2961	223	10	18	18	NUM
cblr-2961	223	11	,	,	PUNCT
cblr-2961	223	12	1986	1986	NUM
cblr-2961	223	13	)	)	PUNCT
cblr-2961	223	14	(	(	PUNCT
cblr-2961	223	15	"	"	PUNCT
cblr-2961	223	16	[	[	X
cblr-2961	223	17	a]ny	a]ny	NUM
cblr-2961	223	18	performance	performance	NOUN
cblr-2961	223	19	fee	fee	NOUN
cblr-2961	223	20	[	[	X
cblr-2961	223	21	must	must	AUX
cblr-2961	223	22	]	]	PART
cblr-2961	223	23	be	be	AUX
cblr-2961	223	24	based	base	VERB
cblr-2961	223	25	on	on	ADP
cblr-2961	223	26	a	a	DET
cblr-2961	223	27	period	period	NOUN
cblr-2961	223	28	of	of	ADP
cblr-2961	223	29	not	not	PART
cblr-2961	223	30	less	less	ADJ
cblr-2961	223	31	than	than	ADP
cblr-2961	223	32	one	one	NUM
cblr-2961	223	33	year	year	NOUN
cblr-2961	223	34	,	,	PUNCT
cblr-2961	223	35	irrespective	irrespective	ADV
cblr-2961	223	36	of	of	ADP
cblr-2961	223	37	how	how	SCONJ
cblr-2961	223	38	long	long	ADV
cblr-2961	223	39	the	the	DET
cblr-2961	223	40	client	client	NOUN
cblr-2961	223	41	and	and	CCONJ
cblr-2961	223	42	adviser	adviser	NOUN
cblr-2961	223	43	have	have	AUX
cblr-2961	223	44	had	have	AUX
cblr-2961	223	45	a	a	DET
cblr-2961	223	46	contractual	contractual	ADJ
cblr-2961	223	47	arrangement	arrangement	NOUN
cblr-2961	223	48	.	.	PUNCT
cblr-2961	224	1	"	"	PUNCT
cblr-2961	224	2	)	)	PUNCT
cblr-2961	224	3	.	.	PUNCT
cblr-2961	224	4	'	'	PUNCT
cblr-2961	224	5	kahan	kahan	PROPN
cblr-2961	224	6	&	&	CCONJ
cblr-2961	224	7	rock	rock	PROPN
cblr-2961	224	8	,	,	PUNCT
cblr-2961	224	9	supra	supra	PROPN
cblr-2961	224	10	note	note	NOUN
cblr-2961	224	11	30	30	NUM
cblr-2961	224	12	,	,	PUNCT
cblr-2961	224	13	at	at	ADP
cblr-2961	224	14	1050	1050	NUM
cblr-2961	224	15	.	.	PUNCT
cblr-2961	225	1	6	6	NUM
cblr-2961	225	2	i	i	NOUN
cblr-2961	225	3	d.	d.	PROPN
cblr-2961	225	4	67	67	NUM
cblr-2961	225	5	the	the	DET
cblr-2961	225	6	calculation	calculation	NOUN
cblr-2961	225	7	of	of	ADP
cblr-2961	225	8	the	the	DET
cblr-2961	225	9	compensation	compensation	NOUN
cblr-2961	225	10	for	for	ADP
cblr-2961	225	11	mutual	mutual	ADJ
cblr-2961	225	12	fund	fund	NOUN
cblr-2961	225	13	managers	manager	NOUN
cblr-2961	225	14	is	be	AUX
cblr-2961	225	15	generally	generally	ADV
cblr-2961	225	16	based	base	VERB
cblr-2961	225	17	on	on	ADP
cblr-2961	225	18	the	the	DET
cblr-2961	225	19	values	value	NOUN
cblr-2961	225	20	of	of	ADP
cblr-2961	225	21	assets	asset	NOUN
cblr-2961	225	22	under	under	ADP
cblr-2961	225	23	management	management	NOUN
cblr-2961	225	24	.	.	PUNCT
cblr-2961	226	1	see	see	VERB
cblr-2961	226	2	supra	supra	PROPN
cblr-2961	226	3	note	note	PROPN
cblr-2961	226	4	63	63	NUM
cblr-2961	226	5	and	and	CCONJ
cblr-2961	226	6	accompanying	accompany	VERB
cblr-2961	226	7	text	text	NOUN
cblr-2961	226	8	.	.	PUNCT
cblr-2961	227	1	6	6	NUM
cblr-2961	227	2	see	see	VERB
cblr-2961	227	3	supra	supra	PROPN
cblr-2961	227	4	notes	note	VERB
cblr-2961	227	5	9	9	NUM
cblr-2961	227	6	-	-	SYM
cblr-2961	227	7	14	14	NUM
cblr-2961	227	8	and	and	CCONJ
cblr-2961	227	9	accompanying	accompany	VERB
cblr-2961	227	10	text	text	NOUN
cblr-2961	227	11	.	.	PUNCT
cblr-2961	228	1	no	no	INTJ
cblr-2961	228	2	.	.	PUNCT
cblr-2961	229	1	2:724	2:724	NUM
cblr-2961	229	2	]	]	X
cblr-2961	229	3	columbia	columbia	PROPN
cblr-2961	229	4	business	business	PROPN
cblr-2961	229	5	law	law	PROPN
cblr-2961	229	6	review	review	PROPN
cblr-2961	229	7	ii	ii	PROPN
cblr-2961	229	8	.	.	PUNCT
cblr-2961	230	1	practical	practical	ADJ
cblr-2961	230	2	differences	difference	NOUN
cblr-2961	230	3	some	some	PRON
cblr-2961	230	4	of	of	ADP
cblr-2961	230	5	the	the	DET
cblr-2961	230	6	characteristics	characteristic	NOUN
cblr-2961	230	7	of	of	ADP
cblr-2961	230	8	mutual	mutual	ADJ
cblr-2961	230	9	funds	fund	NOUN
cblr-2961	230	10	also	also	ADV
cblr-2961	230	11	impose	impose	VERB
cblr-2961	230	12	a	a	DET
cblr-2961	230	13	de	de	X
cblr-2961	230	14	facto	facto	X
cblr-2961	230	15	limitation	limitation	NOUN
cblr-2961	230	16	on	on	ADP
cblr-2961	230	17	the	the	DET
cblr-2961	230	18	holding	holding	NOUN
cblr-2961	230	19	of	of	ADP
cblr-2961	230	20	illiquid	illiquid	ADJ
cblr-2961	230	21	assets	asset	NOUN
cblr-2961	230	22	.	.	PUNCT
cblr-2961	231	1	for	for	ADP
cblr-2961	231	2	example	example	NOUN
cblr-2961	231	3	,	,	PUNCT
cblr-2961	231	4	an	an	DET
cblr-2961	231	5	open	open	ADJ
cblr-2961	231	6	-	-	PUNCT
cblr-2961	231	7	end	end	NOUN
cblr-2961	231	8	mutual	mutual	ADJ
cblr-2961	231	9	fund	fund	NOUN
cblr-2961	231	10	,	,	PUNCT
cblr-2961	231	11	which	which	PRON
cblr-2961	231	12	must	must	AUX
cblr-2961	231	13	redeem	redeem	VERB
cblr-2961	231	14	shares	share	NOUN
cblr-2961	231	15	at	at	ADP
cblr-2961	231	16	nav	nav	NOUN
cblr-2961	231	17	at	at	ADP
cblr-2961	231	18	the	the	DET
cblr-2961	231	19	request	request	NOUN
cblr-2961	231	20	of	of	ADP
cblr-2961	231	21	investors	investor	NOUN
cblr-2961	231	22	on	on	ADP
cblr-2961	231	23	short	short	ADJ
cblr-2961	231	24	notice	notice	NOUN
cblr-2961	231	25	,	,	PUNCT
cblr-2961	231	26	can	can	AUX
cblr-2961	231	27	not	not	PART
cblr-2961	231	28	afford	afford	VERB
cblr-2961	231	29	to	to	PART
cblr-2961	231	30	possess	possess	VERB
cblr-2961	231	31	too	too	ADV
cblr-2961	231	32	many	many	ADJ
cblr-2961	231	33	assets	asset	NOUN
cblr-2961	231	34	that	that	PRON
cblr-2961	231	35	are	be	AUX
cblr-2961	231	36	illiquid	illiquid	ADJ
cblr-2961	231	37	or	or	CCONJ
cblr-2961	231	38	without	without	ADP
cblr-2961	231	39	a	a	DET
cblr-2961	231	40	readily	readily	ADV
cblr-2961	231	41	ascertainable	ascertainable	ADJ
cblr-2961	231	42	market	market	NOUN
cblr-2961	231	43	value	value	NOUN
cblr-2961	231	44	.	.	PUNCT
cblr-2961	232	1	9	9	NUM
cblr-2961	232	2	otherwise	otherwise	ADV
cblr-2961	232	3	,	,	PUNCT
cblr-2961	232	4	it	it	PRON
cblr-2961	232	5	may	may	AUX
cblr-2961	232	6	not	not	PART
cblr-2961	232	7	stand	stand	VERB
cblr-2961	232	8	ready	ready	ADJ
cblr-2961	232	9	to	to	PART
cblr-2961	232	10	redeem	redeem	VERB
cblr-2961	232	11	investors	investor	NOUN
cblr-2961	232	12	'	'	PART
cblr-2961	232	13	holdings	holding	NOUN
cblr-2961	232	14	at	at	ADP
cblr-2961	232	15	nav.70	nav.70	ADJ
cblr-2961	232	16	a	a	DET
cblr-2961	232	17	mutual	mutual	ADJ
cblr-2961	232	18	fund	fund	NOUN
cblr-2961	232	19	may	may	AUX
cblr-2961	232	20	choose	choose	VERB
cblr-2961	232	21	to	to	PART
cblr-2961	232	22	be	be	AUX
cblr-2961	232	23	a	a	DET
cblr-2961	232	24	closed	closed	ADJ
cblr-2961	232	25	-	-	PUNCT
cblr-2961	232	26	end	end	NOUN
cblr-2961	232	27	investment	investment	NOUN
cblr-2961	232	28	company	company	NOUN
cblr-2961	232	29	to	to	PART
cblr-2961	232	30	avoid	avoid	VERB
cblr-2961	232	31	such	such	ADJ
cblr-2961	232	32	restraints	restraint	NOUN
cblr-2961	232	33	,	,	PUNCT
cblr-2961	232	34	but	but	CCONJ
cblr-2961	232	35	a	a	DET
cblr-2961	232	36	closed	close	VERB
cblr-2961	232	37	-	-	PUNCT
cblr-2961	232	38	end	end	NOUN
cblr-2961	232	39	mutual	mutual	ADJ
cblr-2961	232	40	fund	fund	NOUN
cblr-2961	232	41	may	may	AUX
cblr-2961	232	42	not	not	PART
cblr-2961	232	43	be	be	AUX
cblr-2961	232	44	attractive	attractive	ADJ
cblr-2961	232	45	to	to	ADP
cblr-2961	232	46	investors	investor	NOUN
cblr-2961	232	47	,	,	PUNCT
cblr-2961	232	48	especially	especially	ADV
cblr-2961	232	49	since	since	SCONJ
cblr-2961	232	50	the	the	DET
cblr-2961	232	51	share	share	NOUN
cblr-2961	232	52	price	price	NOUN
cblr-2961	232	53	of	of	ADP
cblr-2961	232	54	a	a	DET
cblr-2961	232	55	closed	close	VERB
cblr-2961	232	56	-	-	PUNCT
cblr-2961	232	57	end	end	NOUN
cblr-2961	232	58	fund	fund	NOUN
cblr-2961	232	59	may	may	AUX
cblr-2961	232	60	fail	fail	VERB
cblr-2961	232	61	to	to	PART
cblr-2961	232	62	reflect	reflect	VERB
cblr-2961	232	63	its	its	PRON
cblr-2961	232	64	nav71	nav71	NOUN
cblr-2961	232	65	and	and	CCONJ
cblr-2961	232	66	it	it	PRON
cblr-2961	232	67	may	may	AUX
cblr-2961	232	68	trade	trade	VERB
cblr-2961	232	69	at	at	ADP
cblr-2961	232	70	a	a	DET
cblr-2961	232	71	significant	significant	ADJ
cblr-2961	232	72	discount	discount	NOUN
cblr-2961	232	73	from	from	ADP
cblr-2961	232	74	its	its	PRON
cblr-2961	232	75	nav.72	nav.72	NOUN
cblr-2961	232	76	such	such	DET
cblr-2961	232	77	a	a	DET
cblr-2961	232	78	de	de	X
cblr-2961	232	79	facto	facto	X
cblr-2961	232	80	limitation	limitation	NOUN
cblr-2961	232	81	discourages	discourage	VERB
cblr-2961	232	82	open	open	ADJ
cblr-2961	232	83	-	-	PUNCT
cblr-2961	232	84	end	end	NOUN
cblr-2961	232	85	mutual	mutual	ADJ
cblr-2961	232	86	funds	fund	NOUN
cblr-2961	232	87	from	from	ADP
cblr-2961	232	88	being	be	AUX
cblr-2961	232	89	strategic	strategic	ADJ
cblr-2961	232	90	activists	activist	NOUN
cblr-2961	232	91	if	if	SCONJ
cblr-2961	232	92	a	a	DET
cblr-2961	232	93	large	large	ADJ
cblr-2961	232	94	control	control	NOUN
cblr-2961	232	95	position	position	NOUN
cblr-2961	232	96	would	would	AUX
cblr-2961	232	97	be	be	AUX
cblr-2961	232	98	illiquid	illiquid	ADJ
cblr-2961	232	99	.	.	PUNCT
cblr-2961	233	1	7	7	NUM
cblr-2961	233	2	in	in	ADP
cblr-2961	233	3	contrast	contrast	NOUN
cblr-2961	233	4	,	,	PUNCT
cblr-2961	233	5	hedge	hedge	NOUN
cblr-2961	233	6	funds	fund	NOUN
cblr-2961	233	7	can	can	AUX
cblr-2961	233	8	be	be	AUX
cblr-2961	233	9	69	69	NUM
cblr-2961	233	10	15	15	NUM
cblr-2961	233	11	u.s.c	u.s.c	NOUN
cblr-2961	233	12	.	.	PUNCT
cblr-2961	234	1	§	§	PROPN
cblr-2961	234	2	80a-5(a)(1	80a-5(a)(1	NOUN
cblr-2961	234	3	)	)	PUNCT
cblr-2961	234	4	(	(	PUNCT
cblr-2961	234	5	2006	2006	NUM
cblr-2961	234	6	)	)	PUNCT
cblr-2961	234	7	(	(	PUNCT
cblr-2961	234	8	"	"	PUNCT
cblr-2961	234	9	'	'	PUNCT
cblr-2961	234	10	open	open	ADJ
cblr-2961	234	11	-	-	PUNCT
cblr-2961	234	12	end	end	NOUN
cblr-2961	234	13	company	company	NOUN
cblr-2961	234	14	'	'	PUNCT
cblr-2961	234	15	means	mean	VERB
cblr-2961	234	16	a	a	DET
cblr-2961	234	17	management	management	NOUN
cblr-2961	234	18	company	company	NOUN
cblr-2961	234	19	which	which	PRON
cblr-2961	234	20	is	be	AUX
cblr-2961	234	21	offering	offer	VERB
cblr-2961	234	22	for	for	ADP
cblr-2961	234	23	sale	sale	NOUN
cblr-2961	234	24	or	or	CCONJ
cblr-2961	234	25	has	have	AUX
cblr-2961	234	26	outstanding	outstande	VERB
cblr-2961	234	27	any	any	DET
cblr-2961	234	28	redeemable	redeemable	ADJ
cblr-2961	234	29	security	security	NOUN
cblr-2961	234	30	of	of	ADP
cblr-2961	234	31	which	which	PRON
cblr-2961	234	32	it	it	PRON
cblr-2961	234	33	is	be	AUX
cblr-2961	234	34	the	the	DET
cblr-2961	234	35	issuer	issuer	NOUN
cblr-2961	234	36	.	.	PUNCT
cblr-2961	235	1	"	"	PUNCT
cblr-2961	235	2	)	)	PUNCT
cblr-2961	235	3	;	;	PUNCT
cblr-2961	235	4	kahan	kahan	PROPN
cblr-2961	235	5	&	&	CCONJ
cblr-2961	235	6	rock	rock	PROPN
cblr-2961	235	7	,	,	PUNCT
cblr-2961	235	8	supra	supra	PROPN
cblr-2961	235	9	note	note	NOUN
cblr-2961	235	10	30	30	NUM
cblr-2961	235	11	,	,	PUNCT
cblr-2961	235	12	at	at	ADP
cblr-2961	235	13	1049	1049	NUM
cblr-2961	235	14	-	-	SYM
cblr-2961	235	15	50	50	NUM
cblr-2961	235	16	(	(	PUNCT
cblr-2961	235	17	"	"	PUNCT
cblr-2961	235	18	open	open	ADJ
cblr-2961	235	19	-	-	PUNCT
cblr-2961	235	20	end	end	NOUN
cblr-2961	235	21	mutual	mutual	ADJ
cblr-2961	235	22	funds	fund	NOUN
cblr-2961	235	23	,	,	PUNCT
cblr-2961	235	24	by	by	ADP
cblr-2961	235	25	definition	definition	NOUN
cblr-2961	235	26	and	and	CCONJ
cblr-2961	235	27	by	by	ADP
cblr-2961	235	28	statute	statute	NOUN
cblr-2961	235	29	,	,	PUNCT
cblr-2961	235	30	must	must	AUX
cblr-2961	235	31	also	also	ADV
cblr-2961	235	32	stand	stand	VERB
cblr-2961	235	33	ready	ready	ADJ
cblr-2961	235	34	to	to	PART
cblr-2961	235	35	redeem	redeem	VERB
cblr-2961	235	36	their	their	PRON
cblr-2961	235	37	shares	share	NOUN
cblr-2961	235	38	at	at	ADP
cblr-2961	235	39	the	the	DET
cblr-2961	235	40	request	request	NOUN
cblr-2961	235	41	of	of	ADP
cblr-2961	235	42	any	any	DET
cblr-2961	235	43	shareholder	shareholder	NOUN
cblr-2961	235	44	on	on	ADP
cblr-2961	235	45	short	short	ADJ
cblr-2961	235	46	notice	notice	NOUN
cblr-2961	235	47	.	.	PUNCT
cblr-2961	236	1	the	the	DET
cblr-2961	236	2	redemption	redemption	NOUN
cblr-2961	236	3	price	price	NOUN
cblr-2961	236	4	of	of	ADP
cblr-2961	236	5	these	these	DET
cblr-2961	236	6	shares	share	NOUN
cblr-2961	236	7	is	be	AUX
cblr-2961	236	8	based	base	VERB
cblr-2961	236	9	on	on	ADP
cblr-2961	236	10	the	the	DET
cblr-2961	236	11	fund	fund	NOUN
cblr-2961	236	12	's	's	PART
cblr-2961	236	13	net	net	ADJ
cblr-2961	236	14	asset	asset	NOUN
cblr-2961	236	15	value	value	NOUN
cblr-2961	236	16	.	.	PUNCT
cblr-2961	237	1	"	"	PUNCT
cblr-2961	237	2	)	)	PUNCT
cblr-2961	237	3	.	.	PUNCT
cblr-2961	238	1	7	7	NUM
cblr-2961	238	2	'	'	CCONJ
cblr-2961	238	3	kahan	kahan	PROPN
cblr-2961	238	4	&	&	CCONJ
cblr-2961	238	5	rock	rock	PROPN
cblr-2961	238	6	,	,	PUNCT
cblr-2961	238	7	supra	supra	PROPN
cblr-2961	238	8	note	note	NOUN
cblr-2961	238	9	30	30	NUM
cblr-2961	238	10	,	,	PUNCT
cblr-2961	238	11	at	at	ADP
cblr-2961	238	12	1050	1050	NUM
cblr-2961	238	13	(	(	PUNCT
cblr-2961	238	14	"	"	PUNCT
cblr-2961	238	15	these	these	DET
cblr-2961	238	16	requirements	requirement	NOUN
cblr-2961	238	17	make	make	VERB
cblr-2961	238	18	it	it	PRON
cblr-2961	238	19	difficult	difficult	ADJ
cblr-2961	238	20	for	for	SCONJ
cblr-2961	238	21	mutual	mutual	ADJ
cblr-2961	238	22	funds	fund	NOUN
cblr-2961	238	23	to	to	PART
cblr-2961	238	24	have	have	VERB
cblr-2961	238	25	illiquid	illiquid	ADJ
cblr-2961	238	26	investments	investment	NOUN
cblr-2961	238	27	,	,	PUNCT
cblr-2961	238	28	such	such	ADJ
cblr-2961	238	29	as	as	ADP
cblr-2961	238	30	restricted	restricted	ADJ
cblr-2961	238	31	securities	security	NOUN
cblr-2961	238	32	,	,	PUNCT
cblr-2961	238	33	as	as	SCONJ
cblr-2961	238	34	illiquid	illiquid	ADJ
cblr-2961	238	35	investments	investment	NOUN
cblr-2961	238	36	can	can	AUX
cblr-2961	238	37	not	not	PART
cblr-2961	238	38	be	be	AUX
cblr-2961	238	39	readily	readily	ADV
cblr-2961	238	40	transformed	transform	VERB
cblr-2961	238	41	into	into	ADP
cblr-2961	238	42	cash	cash	NOUN
cblr-2961	238	43	when	when	SCONJ
cblr-2961	238	44	fund	fund	NOUN
cblr-2961	238	45	shareholders	shareholder	NOUN
cblr-2961	238	46	want	want	VERB
cblr-2961	238	47	to	to	PART
cblr-2961	238	48	redeem	redeem	VERB
cblr-2961	238	49	their	their	PRON
cblr-2961	238	50	shares	share	NOUN
cblr-2961	238	51	and	and	CCONJ
cblr-2961	238	52	can	can	AUX
cblr-2961	238	53	not	not	PART
cblr-2961	238	54	be	be	AUX
cblr-2961	238	55	easily	easily	ADV
cblr-2961	238	56	valued	value	VERB
cblr-2961	238	57	.	.	PUNCT
cblr-2961	239	1	"	"	PUNCT
cblr-2961	239	2	)	)	PUNCT
cblr-2961	239	3	.	.	PUNCT
cblr-2961	240	1	"	"	PUNCT
cblr-2961	240	2	'	'	PUNCT
cblr-2961	240	3	closed	close	VERB
cblr-2961	240	4	-	-	PUNCT
cblr-2961	240	5	end	end	NOUN
cblr-2961	240	6	funds	fund	NOUN
cblr-2961	240	7	are	be	AUX
cblr-2961	240	8	traded	trade	VERB
cblr-2961	240	9	in	in	ADP
cblr-2961	240	10	the	the	DET
cblr-2961	240	11	open	open	ADJ
cblr-2961	240	12	market	market	NOUN
cblr-2961	240	13	like	like	ADP
cblr-2961	240	14	nyse	nyse	PROPN
cblr-2961	240	15	or	or	CCONJ
cblr-2961	240	16	nasdaq	nasdaq	PROPN
cblr-2961	240	17	.	.	PUNCT
cblr-2961	241	1	in	in	ADP
cblr-2961	241	2	contrast	contrast	NOUN
cblr-2961	241	3	,	,	PUNCT
cblr-2961	241	4	the	the	DET
cblr-2961	241	5	investors	investor	NOUN
cblr-2961	241	6	of	of	ADP
cblr-2961	241	7	open	open	ADJ
cblr-2961	241	8	-	-	PUNCT
cblr-2961	241	9	end	end	NOUN
cblr-2961	241	10	funds	fund	NOUN
cblr-2961	241	11	must	must	AUX
cblr-2961	241	12	tender	tender	VERB
cblr-2961	241	13	their	their	PRON
cblr-2961	241	14	shares	share	NOUN
cblr-2961	241	15	directly	directly	ADV
cblr-2961	241	16	to	to	ADP
cblr-2961	241	17	the	the	DET
cblr-2961	241	18	funds	fund	NOUN
cblr-2961	241	19	for	for	ADP
cblr-2961	241	20	redemption	redemption	NOUN
cblr-2961	241	21	at	at	ADP
cblr-2961	241	22	the	the	DET
cblr-2961	241	23	then	then	ADV
cblr-2961	241	24	nav	nav	PROPN
cblr-2961	241	25	.	.	PUNCT
cblr-2961	242	1	david	david	PROPN
cblr-2961	242	2	shakow	shakow	PROPN
cblr-2961	242	3	&	&	CCONJ
cblr-2961	242	4	reed	reed	PROPN
cblr-2961	242	5	shuldiner	shuldiner	PROPN
cblr-2961	242	6	,	,	PUNCT
cblr-2961	242	7	symposium	symposium	NOUN
cblr-2961	242	8	on	on	ADP
cblr-2961	242	9	wealth	wealth	NOUN
cblr-2961	242	10	taxes	taxis	NOUN
cblr-2961	242	11	part	part	PROPN
cblr-2961	242	12	ii	ii	PROPN
cblr-2961	242	13	:	:	PUNCT
cblr-2961	242	14	a	a	DET
cblr-2961	242	15	comprehensive	comprehensive	ADJ
cblr-2961	242	16	wealth	wealth	NOUN
cblr-2961	242	17	tax	tax	NOUN
cblr-2961	242	18	,	,	PUNCT
cblr-2961	242	19	53	53	NUM
cblr-2961	242	20	tax	tax	NOUN
cblr-2961	242	21	l.	l.	PROPN
cblr-2961	242	22	rev	rev	PROPN
cblr-2961	242	23	.	.	PROPN
cblr-2961	242	24	499	499	NUM
cblr-2961	242	25	,	,	PUNCT
cblr-2961	242	26	528	528	NUM
cblr-2961	242	27	-	-	SYM
cblr-2961	242	28	29	29	NUM
cblr-2961	242	29	(	(	PUNCT
cblr-2961	242	30	2000	2000	NUM
cblr-2961	242	31	)	)	PUNCT
cblr-2961	242	32	.	.	PUNCT
cblr-2961	243	1	72	72	NUM
cblr-2961	243	2	gilson	gilson	PROPN
cblr-2961	243	3	&	&	CCONJ
cblr-2961	243	4	black	black	PROPN
cblr-2961	243	5	,	,	PUNCT
cblr-2961	243	6	supra	supra	PROPN
cblr-2961	243	7	note	note	NOUN
cblr-2961	243	8	21	21	NUM
cblr-2961	243	9	,	,	PUNCT
cblr-2961	243	10	at	at	ADP
cblr-2961	243	11	599	599	NUM
cblr-2961	243	12	(	(	PUNCT
cblr-2961	243	13	introducing	introduce	VERB
cblr-2961	243	14	evidence	evidence	NOUN
cblr-2961	243	15	showing	show	VERB
cblr-2961	243	16	that	that	SCONJ
cblr-2961	243	17	many	many	ADJ
cblr-2961	243	18	closed	close	VERB
cblr-2961	243	19	-	-	PUNCT
cblr-2961	243	20	end	end	NOUN
cblr-2961	243	21	investment	investment	NOUN
cblr-2961	243	22	companies	company	NOUN
cblr-2961	243	23	trade	trade	VERB
cblr-2961	243	24	at	at	ADP
cblr-2961	243	25	a	a	DET
cblr-2961	243	26	twenty	twenty	NUM
cblr-2961	243	27	percent	percent	NOUN
cblr-2961	243	28	discount	discount	NOUN
cblr-2961	243	29	or	or	CCONJ
cblr-2961	243	30	more	more	ADJ
cblr-2961	243	31	despite	despite	SCONJ
cblr-2961	243	32	their	their	PRON
cblr-2961	243	33	well	well	ADV
cblr-2961	243	34	-	-	PUNCT
cblr-2961	243	35	known	know	VERB
cblr-2961	243	36	higher	high	ADJ
cblr-2961	243	37	nav	nav	NOUN
cblr-2961	243	38	)	)	PUNCT
cblr-2961	243	39	.	.	PUNCT
cblr-2961	243	40	"	"	PUNCT
cblr-2961	244	1	liquidity	liquidity	NOUN
cblr-2961	244	2	becomes	become	VERB
cblr-2961	244	3	a	a	DET
cblr-2961	244	4	serious	serious	ADJ
cblr-2961	244	5	issue	issue	NOUN
cblr-2961	244	6	when	when	SCONJ
cblr-2961	244	7	a	a	DET
cblr-2961	244	8	hedge	hedge	NOUN
cblr-2961	244	9	fund	fund	NOUN
cblr-2961	244	10	's	's	PART
cblr-2961	244	11	equity	equity	NOUN
cblr-2961	244	12	stake	stake	NOUN
cblr-2961	244	13	in	in	ADP
cblr-2961	244	14	a	a	DET
cblr-2961	244	15	target	target	NOUN
cblr-2961	244	16	company	company	NOUN
cblr-2961	244	17	far	far	ADV
cblr-2961	244	18	exceeds	exceed	VERB
cblr-2961	244	19	the	the	DET
cblr-2961	244	20	company	company	NOUN
cblr-2961	244	21	's	's	PART
cblr-2961	244	22	average	average	ADJ
cblr-2961	244	23	trading	trading	NOUN
cblr-2961	244	24	volume	volume	NOUN
cblr-2961	244	25	in	in	ADP
cblr-2961	244	26	the	the	DET
cblr-2961	244	27	market	market	NOUN
cblr-2961	244	28	,	,	PUNCT
cblr-2961	244	29	thereby	thereby	ADV
cblr-2961	244	30	making	make	VERB
cblr-2961	244	31	it	it	PRON
cblr-2961	244	32	difficult	difficult	ADJ
cblr-2961	244	33	to	to	PART
cblr-2961	244	34	sell	sell	VERB
cblr-2961	244	35	all	all	DET
cblr-2961	244	36	the	the	DET
cblr-2961	244	37	equity	equity	NOUN
cblr-2961	244	38	interest	interest	NOUN
cblr-2961	244	39	without	without	ADP
cblr-2961	244	40	suffering	suffer	VERB
cblr-2961	244	41	from	from	ADP
cblr-2961	244	42	price	price	NOUN
cblr-2961	244	43	decline	decline	NOUN
cblr-2961	244	44	.	.	PUNCT
cblr-2961	245	1	john	john	PROPN
cblr-2961	245	2	c.	c.	PROPN
cblr-2961	245	3	coffee	coffee	PROPN
cblr-2961	245	4	,	,	PUNCT
cblr-2961	245	5	liquidity	liquidity	NOUN
cblr-2961	245	6	versus	versus	ADP
cblr-2961	245	7	control	control	NOUN
cblr-2961	245	8	:	:	PUNCT
cblr-2961	245	9	the	the	DET
cblr-2961	245	10	institutional	institutional	ADJ
cblr-2961	245	11	investor	investor	NOUN
cblr-2961	245	12	as	as	ADP
cblr-2961	245	13	corporate	corporate	ADJ
cblr-2961	245	14	monitor	monitor	NOUN
cblr-2961	245	15	,	,	PUNCT
cblr-2961	245	16	91	91	NUM
cblr-2961	245	17	colum	colum	NOUN
cblr-2961	245	18	.	.	PUNCT
cblr-2961	246	1	l.	l.	PROPN
cblr-2961	247	1	[	[	X
cblr-2961	247	2	vol	vol	NOUN
cblr-2961	247	3	.	.	PUNCT
cblr-2961	247	4	2008	2008	NUM
cblr-2961	247	5	structured	structure	VERB
cblr-2961	247	6	to	to	PART
cblr-2961	247	7	set	set	VERB
cblr-2961	247	8	a	a	DET
cblr-2961	247	9	long	long	ADJ
cblr-2961	247	10	lock	lock	NOUN
cblr-2961	247	11	-	-	PUNCT
cblr-2961	247	12	up	up	NOUN
cblr-2961	247	13	period	period	NOUN
cblr-2961	247	14	within	within	ADP
cblr-2961	247	15	which	which	PRON
cblr-2961	247	16	the	the	DET
cblr-2961	247	17	investors	investor	NOUN
cblr-2961	247	18	can	can	AUX
cblr-2961	247	19	not	not	PART
cblr-2961	247	20	redeem	redeem	VERB
cblr-2961	247	21	their	their	PRON
cblr-2961	247	22	investment	investment	NOUN
cblr-2961	247	23	.	.	PUNCT
cblr-2961	247	24	"	"	PUNCT
cblr-2961	248	1	4	4	NUM
cblr-2961	248	2	the	the	DET
cblr-2961	248	3	lock	lock	NOUN
cblr-2961	248	4	-	-	PUNCT
cblr-2961	248	5	in	in	ADP
cblr-2961	248	6	period	period	NOUN
cblr-2961	248	7	of	of	ADP
cblr-2961	248	8	many	many	ADJ
cblr-2961	248	9	hedge	hedge	NOUN
cblr-2961	248	10	funds	fund	NOUN
cblr-2961	248	11	is	be	AUX
cblr-2961	248	12	usually	usually	ADV
cblr-2961	248	13	one	one	NUM
cblr-2961	248	14	year	year	NOUN
cblr-2961	248	15	or	or	CCONJ
cblr-2961	248	16	more	more	ADJ
cblr-2961	248	17	,	,	PUNCT
cblr-2961	248	18	and	and	CCONJ
cblr-2961	248	19	investors	investor	NOUN
cblr-2961	248	20	are	be	AUX
cblr-2961	248	21	only	only	ADV
cblr-2961	248	22	able	able	ADJ
cblr-2961	248	23	to	to	PART
cblr-2961	248	24	redeem	redeem	VERB
cblr-2961	248	25	the	the	DET
cblr-2961	248	26	interest	interest	NOUN
cblr-2961	248	27	a	a	DET
cblr-2961	248	28	few	few	ADJ
cblr-2961	248	29	times	time	NOUN
cblr-2961	248	30	a	a	DET
cblr-2961	248	31	year	year	NOUN
cblr-2961	248	32	.	.	PUNCT
cblr-2961	249	1	75	75	NUM
cblr-2961	249	2	therefore	therefore	ADV
cblr-2961	249	3	,	,	PUNCT
cblr-2961	249	4	the	the	DET
cblr-2961	249	5	de	de	X
cblr-2961	249	6	facto	facto	X
cblr-2961	249	7	restrictions	restriction	NOUN
cblr-2961	249	8	placed	place	VERB
cblr-2961	249	9	on	on	ADP
cblr-2961	249	10	open	open	ADJ
cblr-2961	249	11	-	-	PUNCT
cblr-2961	249	12	end	end	NOUN
cblr-2961	249	13	mutual	mutual	ADJ
cblr-2961	249	14	funds	fund	NOUN
cblr-2961	249	15	are	be	AUX
cblr-2961	249	16	not	not	PART
cblr-2961	249	17	applicable	applicable	ADJ
cblr-2961	249	18	to	to	PART
cblr-2961	249	19	hedge	hedge	VERB
cblr-2961	249	20	funds	fund	NOUN
cblr-2961	249	21	.	.	PUNCT
cblr-2961	250	1	potential	potential	ADJ
cblr-2961	250	2	conflicts	conflict	NOUN
cblr-2961	250	3	of	of	ADP
cblr-2961	250	4	interest	interest	NOUN
cblr-2961	250	5	further	far	ADV
cblr-2961	250	6	shape	shape	VERB
cblr-2961	250	7	the	the	DET
cblr-2961	250	8	investment	investment	NOUN
cblr-2961	250	9	strategies	strategy	NOUN
cblr-2961	250	10	of	of	ADP
cblr-2961	250	11	mutual	mutual	ADJ
cblr-2961	250	12	fund	fund	NOUN
cblr-2961	250	13	managers	manager	NOUN
cblr-2961	250	14	.	.	PUNCT
cblr-2961	251	1	some	some	DET
cblr-2961	251	2	mutual	mutual	ADJ
cblr-2961	251	3	funds	fund	NOUN
cblr-2961	251	4	are	be	AUX
cblr-2961	251	5	controlled	control	VERB
cblr-2961	251	6	by	by	ADP
cblr-2961	251	7	investment	investment	NOUN
cblr-2961	251	8	banks	bank	NOUN
cblr-2961	251	9	or	or	CCONJ
cblr-2961	251	10	insurance	insurance	NOUN
cblr-2961	251	11	companies.76	companies.76	NOUN
cblr-2961	251	12	the	the	DET
cblr-2961	251	13	fear	fear	NOUN
cblr-2961	251	14	of	of	ADP
cblr-2961	251	15	enraging	enrage	VERB
cblr-2961	251	16	clients	client	NOUN
cblr-2961	251	17	of	of	ADP
cblr-2961	251	18	the	the	DET
cblr-2961	251	19	affiliated	affiliated	ADJ
cblr-2961	251	20	companies	company	NOUN
cblr-2961	251	21	could	could	AUX
cblr-2961	251	22	impose	impose	VERB
cblr-2961	251	23	practical	practical	ADJ
cblr-2961	251	24	limitations	limitation	NOUN
cblr-2961	251	25	on	on	ADP
cblr-2961	251	26	the	the	DET
cblr-2961	251	27	investment	investment	NOUN
cblr-2961	251	28	strategies	strategy	NOUN
cblr-2961	251	29	of	of	ADP
cblr-2961	251	30	mutual	mutual	ADJ
cblr-2961	251	31	funds.77	funds.77	NOUN
cblr-2961	251	32	for	for	ADP
cblr-2961	251	33	example	example	NOUN
cblr-2961	251	34	,	,	PUNCT
cblr-2961	251	35	a	a	DET
cblr-2961	251	36	mutual	mutual	ADJ
cblr-2961	251	37	fund	fund	NOUN
cblr-2961	251	38	manager	manager	NOUN
cblr-2961	251	39	may	may	AUX
cblr-2961	251	40	not	not	PART
cblr-2961	251	41	be	be	AUX
cblr-2961	251	42	willing	willing	ADJ
cblr-2961	251	43	to	to	PART
cblr-2961	251	44	launch	launch	VERB
cblr-2961	251	45	a	a	DET
cblr-2961	251	46	proxy	proxy	NOUN
cblr-2961	251	47	fight	fight	NOUN
cblr-2961	251	48	against	against	ADP
cblr-2961	251	49	the	the	DET
cblr-2961	251	50	board	board	NOUN
cblr-2961	251	51	of	of	ADP
cblr-2961	251	52	their	their	PRON
cblr-2961	251	53	affiliated	affiliated	ADJ
cblr-2961	251	54	companies	company	NOUN
cblr-2961	251	55	'	'	PART
cblr-2961	251	56	clients	client	NOUN
cblr-2961	251	57	even	even	ADV
cblr-2961	251	58	though	though	SCONJ
cblr-2961	251	59	this	this	DET
cblr-2961	251	60	action	action	NOUN
cblr-2961	251	61	would	would	AUX
cblr-2961	251	62	be	be	AUX
cblr-2961	251	63	beneficial	beneficial	ADJ
cblr-2961	251	64	to	to	ADP
cblr-2961	251	65	that	that	DET
cblr-2961	251	66	fund	fund	NOUN
cblr-2961	251	67	's	's	PART
cblr-2961	251	68	performance	performance	NOUN
cblr-2961	251	69	.	.	PUNCT
cblr-2961	252	1	until	until	ADP
cblr-2961	252	2	very	very	ADV
cblr-2961	252	3	recently	recently	ADV
cblr-2961	252	4	,	,	PUNCT
cblr-2961	252	5	the	the	DET
cblr-2961	252	6	primary	primary	ADJ
cblr-2961	252	7	investors	investor	NOUN
cblr-2961	252	8	in	in	ADP
cblr-2961	252	9	hedge	hedge	NOUN
cblr-2961	252	10	funds	fund	NOUN
cblr-2961	252	11	were	be	AUX
cblr-2961	252	12	funds	fund	NOUN
cblr-2961	252	13	of	of	ADP
cblr-2961	252	14	funds	fund	NOUN
cblr-2961	252	15	,	,	PUNCT
cblr-2961	252	16	78	78	NUM
cblr-2961	252	17	wealthy	wealthy	ADJ
cblr-2961	252	18	individuals	individual	NOUN
cblr-2961	252	19	;	;	PUNCT
cblr-2961	252	20	rev	rev	PROPN
cblr-2961	252	21	.	.	PROPN
cblr-2961	252	22	1277	1277	NUM
cblr-2961	252	23	,	,	PUNCT
cblr-2961	252	24	1318	1318	NUM
cblr-2961	252	25	(	(	PUNCT
cblr-2961	252	26	1991	1991	NUM
cblr-2961	252	27	)	)	PUNCT
cblr-2961	252	28	(	(	PUNCT
cblr-2961	252	29	suggesting	suggest	VERB
cblr-2961	252	30	that	that	SCONJ
cblr-2961	252	31	mutual	mutual	ADJ
cblr-2961	252	32	funds	fund	NOUN
cblr-2961	252	33	need	need	VERB
cblr-2961	252	34	liquidity	liquidity	NOUN
cblr-2961	252	35	more	more	ADJ
cblr-2961	252	36	than	than	ADP
cblr-2961	252	37	others	other	NOUN
cblr-2961	252	38	and	and	CCONJ
cblr-2961	252	39	that	that	SCONJ
cblr-2961	252	40	"	"	PUNCT
cblr-2961	252	41	taking	take	VERB
cblr-2961	252	42	a	a	DET
cblr-2961	252	43	large	large	ADJ
cblr-2961	252	44	control	control	NOUN
cblr-2961	252	45	position	position	NOUN
cblr-2961	252	46	is	be	AUX
cblr-2961	252	47	unacceptable	unacceptable	ADJ
cblr-2961	252	48	if	if	SCONJ
cblr-2961	252	49	such	such	DET
cblr-2961	252	50	a	a	DET
cblr-2961	252	51	stake	stake	NOUN
cblr-2961	252	52	would	would	AUX
cblr-2961	252	53	be	be	AUX
cblr-2961	252	54	illiquid	illiquid	ADJ
cblr-2961	252	55	"	"	PUNCT
cblr-2961	252	56	)	)	PUNCT
cblr-2961	252	57	.	.	PUNCT
cblr-2961	253	1	7	7	NUM
cblr-2961	253	2	'	'	CCONJ
cblr-2961	253	3	kahan	kahan	PROPN
cblr-2961	253	4	&	&	CCONJ
cblr-2961	253	5	rock	rock	PROPN
cblr-2961	253	6	,	,	PUNCT
cblr-2961	253	7	supra	supra	PROPN
cblr-2961	253	8	note	note	NOUN
cblr-2961	253	9	30	30	NUM
cblr-2961	253	10	,	,	PUNCT
cblr-2961	253	11	at	at	ADP
cblr-2961	253	12	1063	1063	NUM
cblr-2961	253	13	(	(	PUNCT
cblr-2961	253	14	explaining	explain	VERB
cblr-2961	253	15	that	that	SCONJ
cblr-2961	253	16	the	the	DET
cblr-2961	253	17	lock	lock	NOUN
cblr-2961	253	18	-	-	PUNCT
cblr-2961	253	19	up	up	ADP
cblr-2961	253	20	period	period	NOUN
cblr-2961	253	21	can	can	AUX
cblr-2961	253	22	be	be	AUX
cblr-2961	253	23	contractually	contractually	ADV
cblr-2961	253	24	introduced	introduce	VERB
cblr-2961	253	25	to	to	PART
cblr-2961	253	26	limited	limit	VERB
cblr-2961	253	27	the	the	DET
cblr-2961	253	28	withdrawal	withdrawal	NOUN
cblr-2961	253	29	right	right	ADV
cblr-2961	253	30	of	of	ADP
cblr-2961	253	31	hedge	hedge	NOUN
cblr-2961	253	32	fund	fund	NOUN
cblr-2961	253	33	investors	investor	NOUN
cblr-2961	253	34	and	and	CCONJ
cblr-2961	253	35	that	that	SCONJ
cblr-2961	253	36	limitations	limitation	NOUN
cblr-2961	253	37	can	can	AUX
cblr-2961	253	38	be	be	AUX
cblr-2961	253	39	designed	design	VERB
cblr-2961	253	40	to	to	PART
cblr-2961	253	41	limit	limit	VERB
cblr-2961	253	42	the	the	DET
cblr-2961	253	43	time	time	NOUN
cblr-2961	253	44	and	and	CCONJ
cblr-2961	253	45	amount	amount	NOUN
cblr-2961	253	46	of	of	ADP
cblr-2961	253	47	investors	investor	NOUN
cblr-2961	253	48	'	'	PART
cblr-2961	253	49	withdrawals	withdrawal	NOUN
cblr-2961	253	50	)	)	PUNCT
cblr-2961	253	51	.	.	PUNCT
cblr-2961	254	1	75	75	NUM
cblr-2961	254	2	allison	allison	PROPN
cblr-2961	254	3	bisbey	bisbey	PROPN
cblr-2961	254	4	colter	colter	PROPN
cblr-2961	254	5	,	,	PUNCT
cblr-2961	254	6	monthly	monthly	ADJ
cblr-2961	254	7	mutual	mutual	ADJ
cblr-2961	254	8	funds	fund	NOUN
cblr-2961	254	9	reviewfundamentals	reviewfundamental	NOUN
cblr-2961	254	10	:	:	PUNCT
cblr-2961	254	11	choose	choose	VERB
cblr-2961	254	12	your	your	PRON
cblr-2961	254	13	fund	fund	NOUN
cblr-2961	254	14	:	:	PUNCT
cblr-2961	254	15	hedge	hedge	NOUN
cblr-2961	254	16	or	or	CCONJ
cblr-2961	254	17	mutual	mutual	ADJ
cblr-2961	254	18	-	-	PUNCT
cblr-2961	254	19	each	each	DET
cblr-2961	254	20	vehicle	vehicle	NOUN
cblr-2961	254	21	has	have	VERB
cblr-2961	254	22	appeal	appeal	NOUN
cblr-2961	254	23	,	,	PUNCT
cblr-2961	254	24	but	but	CCONJ
cblr-2961	254	25	potential	potential	ADJ
cblr-2961	254	26	risk	risk	NOUN
cblr-2961	254	27	,	,	PUNCT
cblr-2961	254	28	reward	reward	NOUN
cblr-2961	254	29	make	make	VERB
cblr-2961	254	30	them	they	PRON
cblr-2961	254	31	very	very	ADV
cblr-2961	254	32	different	different	ADJ
cblr-2961	254	33	,	,	PUNCT
cblr-2961	254	34	wall	wall	PROPN
cblr-2961	254	35	st	st	PROPN
cblr-2961	254	36	.	.	PROPN
cblr-2961	254	37	j.	j.	PROPN
cblr-2961	254	38	,	,	PUNCT
cblr-2961	254	39	mar	mar	PROPN
cblr-2961	254	40	.	.	PROPN
cblr-2961	254	41	3	3	NUM
cblr-2961	254	42	,	,	PUNCT
cblr-2961	254	43	2003	2003	NUM
cblr-2961	254	44	,	,	PUNCT
cblr-2961	254	45	at	at	ADP
cblr-2961	254	46	r1	r1	PROPN
cblr-2961	254	47	.	.	PUNCT
cblr-2961	254	48	"	"	PUNCT
cblr-2961	255	1	kahan	kahan	PROPN
cblr-2961	255	2	&	&	CCONJ
cblr-2961	255	3	rock	rock	PROPN
cblr-2961	255	4	,	,	PUNCT
cblr-2961	255	5	supra	supra	PROPN
cblr-2961	255	6	note	note	NOUN
cblr-2961	255	7	30	30	NUM
cblr-2961	255	8	,	,	PUNCT
cblr-2961	255	9	at	at	ADP
cblr-2961	255	10	1054	1054	NUM
cblr-2961	255	11	(	(	PUNCT
cblr-2961	255	12	mentioning	mention	VERB
cblr-2961	255	13	that	that	SCONJ
cblr-2961	255	14	nine	nine	NUM
cblr-2961	255	15	of	of	ADP
cblr-2961	255	16	the	the	DET
cblr-2961	255	17	twenty	twenty	NUM
cblr-2961	255	18	largest	large	ADJ
cblr-2961	255	19	mutual	mutual	ADJ
cblr-2961	255	20	fund	fund	NOUN
cblr-2961	255	21	complexes	complex	NOUN
cblr-2961	255	22	had	have	VERB
cblr-2961	255	23	such	such	ADJ
cblr-2961	255	24	affiliations	affiliation	NOUN
cblr-2961	255	25	in	in	ADP
cblr-2961	255	26	2003	2003	NUM
cblr-2961	255	27	)	)	PUNCT
cblr-2961	255	28	.	.	PUNCT
cblr-2961	256	1	7	7	NUM
cblr-2961	257	1	i	i	PRON
cblr-2961	257	2	d.	d.	NOUN
cblr-2961	257	3	at	at	ADP
cblr-2961	257	4	1055	1055	NUM
cblr-2961	257	5	(	(	PUNCT
cblr-2961	257	6	"	"	PUNCT
cblr-2961	257	7	the	the	DET
cblr-2961	257	8	mutual	mutual	ADJ
cblr-2961	257	9	fund	fund	NOUN
cblr-2961	257	10	managers	manager	NOUN
cblr-2961	257	11	will	will	AUX
cblr-2961	257	12	,	,	PUNCT
cblr-2961	257	13	ex	ex	NOUN
cblr-2961	257	14	ante	ante	NOUN
cblr-2961	257	15	,	,	PUNCT
cblr-2961	257	16	often	often	ADV
cblr-2961	257	17	not	not	PART
cblr-2961	257	18	know	know	VERB
cblr-2961	257	19	which	which	PRON
cblr-2961	257	20	portfolio	portfolio	NOUN
cblr-2961	257	21	companies	company	NOUN
cblr-2961	257	22	have	have	AUX
cblr-2961	257	23	hired	hire	VERB
cblr-2961	257	24	,	,	PUNCT
cblr-2961	257	25	or	or	CCONJ
cblr-2961	257	26	are	be	AUX
cblr-2961	257	27	about	about	ADJ
cblr-2961	257	28	to	to	PART
cblr-2961	257	29	hire	hire	VERB
cblr-2961	257	30	,	,	PUNCT
cblr-2961	257	31	the	the	DET
cblr-2961	257	32	investment	investment	NOUN
cblr-2961	257	33	bank	bank	NOUN
cblr-2961	257	34	as	as	ADP
cblr-2961	257	35	an	an	DET
cblr-2961	257	36	underwriter	underwriter	NOUN
cblr-2961	257	37	or	or	CCONJ
cblr-2961	257	38	financial	financial	ADJ
cblr-2961	257	39	advisor	advisor	NOUN
cblr-2961	257	40	.	.	PUNCT
cblr-2961	258	1	and	and	CCONJ
cblr-2961	258	2	,	,	PUNCT
cblr-2961	258	3	ex	ex	X
cblr-2961	258	4	post	post	NOUN
cblr-2961	258	5	,	,	PUNCT
cblr-2961	258	6	the	the	DET
cblr-2961	258	7	investment	investment	NOUN
cblr-2961	258	8	banker	banker	NOUN
cblr-2961	258	9	,	,	PUNCT
cblr-2961	258	10	for	for	ADP
cblr-2961	258	11	public	public	ADJ
cblr-2961	258	12	relations	relation	NOUN
cblr-2961	258	13	and	and	CCONJ
cblr-2961	258	14	legal	legal	ADJ
cblr-2961	258	15	reasons	reason	NOUN
cblr-2961	258	16	,	,	PUNCT
cblr-2961	258	17	would	would	AUX
cblr-2961	258	18	not	not	PART
cblr-2961	258	19	want	want	VERB
cblr-2961	258	20	to	to	PART
cblr-2961	258	21	interfere	interfere	VERB
cblr-2961	258	22	directly	directly	ADV
cblr-2961	258	23	with	with	ADP
cblr-2961	258	24	the	the	DET
cblr-2961	258	25	governance	governance	NOUN
cblr-2961	258	26	activism	activism	NOUN
cblr-2961	258	27	of	of	ADP
cblr-2961	258	28	the	the	DET
cblr-2961	258	29	mutual	mutual	ADJ
cblr-2961	258	30	fund	fund	NOUN
cblr-2961	258	31	when	when	SCONJ
cblr-2961	258	32	an	an	DET
cblr-2961	258	33	investment	investment	NOUN
cblr-2961	258	34	banking	banking	NOUN
cblr-2961	258	35	client	client	NOUN
cblr-2961	258	36	becomes	become	VERB
cblr-2961	258	37	the	the	DET
cblr-2961	258	38	target	target	NOUN
cblr-2961	258	39	of	of	ADP
cblr-2961	258	40	such	such	ADJ
cblr-2961	258	41	activism	activism	NOUN
cblr-2961	258	42	.	.	PUNCT
cblr-2961	259	1	thus	thus	ADV
cblr-2961	259	2	,	,	PUNCT
cblr-2961	259	3	the	the	DET
cblr-2961	259	4	easiest	easy	ADJ
cblr-2961	259	5	and	and	CCONJ
cblr-2961	259	6	safest	safest	ADJ
cblr-2961	259	7	way	way	NOUN
cblr-2961	259	8	to	to	PART
cblr-2961	259	9	avoid	avoid	VERB
cblr-2961	259	10	any	any	DET
cblr-2961	259	11	problems	problem	NOUN
cblr-2961	259	12	is	be	AUX
cblr-2961	259	13	for	for	SCONJ
cblr-2961	259	14	affiliated	affiliated	ADJ
cblr-2961	259	15	mutual	mutual	ADJ
cblr-2961	259	16	funds	fund	NOUN
cblr-2961	259	17	not	not	PART
cblr-2961	259	18	to	to	PART
cblr-2961	259	19	engage	engage	VERB
cblr-2961	259	20	in	in	ADP
cblr-2961	259	21	governance	governance	NOUN
cblr-2961	259	22	activism	activism	NOUN
cblr-2961	259	23	at	at	ADV
cblr-2961	259	24	all	all	ADV
cblr-2961	259	25	.	.	PUNCT
cblr-2961	260	1	"	"	PUNCT
cblr-2961	260	2	)	)	PUNCT
cblr-2961	260	3	;	;	PUNCT
cblr-2961	260	4	coffee	coffee	NOUN
cblr-2961	260	5	,	,	PUNCT
cblr-2961	260	6	supra	supra	PROPN
cblr-2961	260	7	note	note	NOUN
cblr-2961	260	8	73	73	NUM
cblr-2961	260	9	,	,	PUNCT
cblr-2961	260	10	at	at	ADP
cblr-2961	260	11	1321	1321	NUM
cblr-2961	260	12	(	(	PUNCT
cblr-2961	260	13	"	"	PUNCT
cblr-2961	260	14	[	[	X
cblr-2961	260	15	clommentators	clommentator	NOUN
cblr-2961	260	16	report	report	VERB
cblr-2961	260	17	that	that	SCONJ
cblr-2961	260	18	banks	bank	NOUN
cblr-2961	260	19	and	and	CCONJ
cblr-2961	260	20	insurance	insurance	NOUN
cblr-2961	260	21	companies	company	NOUN
cblr-2961	260	22	are	be	AUX
cblr-2961	260	23	the	the	DET
cblr-2961	260	24	institutions	institution	NOUN
cblr-2961	260	25	least	least	ADV
cblr-2961	260	26	willing	willing	ADJ
cblr-2961	260	27	to	to	PART
cblr-2961	260	28	oppose	oppose	VERB
cblr-2961	260	29	corporate	corporate	ADJ
cblr-2961	260	30	managements	management	NOUN
cblr-2961	260	31	.	.	PUNCT
cblr-2961	261	1	"	"	PUNCT
cblr-2961	261	2	)	)	PUNCT
cblr-2961	261	3	.	.	PUNCT
cblr-2961	262	1	78	78	NUM
cblr-2961	262	2	a	a	DET
cblr-2961	262	3	fund	fund	NOUN
cblr-2961	262	4	of	of	ADP
cblr-2961	262	5	funds	fund	NOUN
cblr-2961	262	6	is	be	AUX
cblr-2961	262	7	a	a	DET
cblr-2961	262	8	fund	fund	NOUN
cblr-2961	262	9	that	that	PRON
cblr-2961	262	10	holds	hold	VERB
cblr-2961	262	11	a	a	DET
cblr-2961	262	12	portfolio	portfolio	NOUN
cblr-2961	262	13	of	of	ADP
cblr-2961	262	14	other	other	ADJ
cblr-2961	262	15	investment	investment	NOUN
cblr-2961	262	16	funds	fund	NOUN
cblr-2961	262	17	.	.	PUNCT
cblr-2961	263	1	no	no	INTJ
cblr-2961	263	2	.	.	PUNCT
cblr-2961	264	1	2:7241	2:7241	NUM
cblr-2961	264	2	hedge	hedge	NOUN
cblr-2961	264	3	fund	fund	PROPN
cblr-2961	264	4	activism	activism	PROPN
cblr-2961	264	5	columbia	columbia	PROPN
cblr-2961	264	6	business	business	PROPN
cblr-2961	264	7	law	law	PROPN
cblr-2961	264	8	review	review	VERB
cblr-2961	264	9	pension	pension	NOUN
cblr-2961	264	10	funds	fund	NOUN
cblr-2961	264	11	,	,	PUNCT
cblr-2961	264	12	and	and	CCONJ
cblr-2961	264	13	some	some	DET
cblr-2961	264	14	institutions	institution	NOUN
cblr-2961	264	15	such	such	ADJ
cblr-2961	264	16	as	as	ADP
cblr-2961	264	17	university	university	NOUN
cblr-2961	264	18	endowments.79	endowments.79	VERB
cblr-2961	264	19	the	the	DET
cblr-2961	264	20	potential	potential	ADJ
cblr-2961	264	21	conflict	conflict	NOUN
cblr-2961	264	22	of	of	ADP
cblr-2961	264	23	interest	interest	NOUN
cblr-2961	264	24	problem	problem	NOUN
cblr-2961	264	25	is	be	AUX
cblr-2961	264	26	comparatively	comparatively	ADV
cblr-2961	264	27	less	less	ADV
cblr-2961	264	28	severe	severe	ADJ
cblr-2961	264	29	because	because	SCONJ
cblr-2961	264	30	these	these	DET
cblr-2961	264	31	investors	investor	NOUN
cblr-2961	264	32	are	be	AUX
cblr-2961	264	33	unlikely	unlikely	ADJ
cblr-2961	264	34	to	to	PART
cblr-2961	264	35	be	be	AUX
cblr-2961	264	36	the	the	DET
cblr-2961	264	37	targets	target	NOUN
cblr-2961	264	38	of	of	ADP
cblr-2961	264	39	activism	activism	NOUN
cblr-2961	264	40	.	.	PUNCT
cblr-2961	265	1	2	2	X
cblr-2961	265	2	.	.	X
cblr-2961	265	3	the	the	DET
cblr-2961	265	4	differences	difference	NOUN
cblr-2961	265	5	between	between	ADP
cblr-2961	265	6	public	public	ADJ
cblr-2961	265	7	pension	pension	NOUN
cblr-2961	265	8	funds	fund	NOUN
cblr-2961	265	9	and	and	CCONJ
cblr-2961	265	10	hedge	hedge	NOUN
cblr-2961	265	11	funds	fund	NOUN
cblr-2961	265	12	state	state	NOUN
cblr-2961	265	13	law	law	NOUN
cblr-2961	265	14	,	,	PUNCT
cblr-2961	265	15	rather	rather	ADV
cblr-2961	265	16	than	than	ADP
cblr-2961	265	17	federal	federal	ADJ
cblr-2961	265	18	legislation	legislation	NOUN
cblr-2961	265	19	,	,	PUNCT
cblr-2961	265	20	regulates	regulate	VERB
cblr-2961	265	21	public	public	ADJ
cblr-2961	265	22	pension	pension	NOUN
cblr-2961	265	23	funds.80	funds.80	NOUN
cblr-2961	265	24	though	though	SCONJ
cblr-2961	265	25	public	public	ADJ
cblr-2961	265	26	pension	pension	NOUN
cblr-2961	265	27	fund	fund	NOUN
cblr-2961	265	28	regulations	regulation	NOUN
cblr-2961	265	29	are	be	AUX
cblr-2961	265	30	not	not	PART
cblr-2961	265	31	identical	identical	ADJ
cblr-2961	265	32	across	across	ADP
cblr-2961	265	33	states	state	NOUN
cblr-2961	265	34	,	,	PUNCT
cblr-2961	265	35	most	most	ADJ
cblr-2961	265	36	states	state	NOUN
cblr-2961	265	37	subject	subject	VERB
cblr-2961	265	38	public	public	ADJ
cblr-2961	265	39	pension	pension	NOUN
cblr-2961	265	40	fund	fund	NOUN
cblr-2961	265	41	managers	manager	NOUN
cblr-2961	265	42	to	to	ADP
cblr-2961	265	43	a	a	DET
cblr-2961	265	44	"	"	PUNCT
cblr-2961	265	45	prudent	prudent	ADJ
cblr-2961	265	46	person	person	NOUN
cblr-2961	265	47	"	"	PUNCT
cblr-2961	265	48	fiduciary	fiduciary	ADJ
cblr-2961	265	49	standard	standard	NOUN
cblr-2961	265	50	.	.	PUNCT
cblr-2961	266	1	"1	"1	NOUN
cblr-2961	266	2	many	many	ADJ
cblr-2961	266	3	states	state	NOUN
cblr-2961	266	4	also	also	ADV
cblr-2961	266	5	enumerate	enumerate	VERB
cblr-2961	266	6	the	the	DET
cblr-2961	266	7	types	type	NOUN
cblr-2961	266	8	of	of	ADP
cblr-2961	266	9	investments	investment	NOUN
cblr-2961	266	10	that	that	PRON
cblr-2961	266	11	public	public	ADJ
cblr-2961	266	12	pension	pension	NOUN
cblr-2961	266	13	funds	fund	NOUN
cblr-2961	266	14	are	be	AUX
cblr-2961	266	15	permitted	permit	VERB
cblr-2961	266	16	to	to	PART
cblr-2961	266	17	acquire	acquire	VERB
cblr-2961	266	18	.	.	PUNCT
cblr-2961	267	1	2	2	NUM
cblr-2961	267	2	some	some	DET
cblr-2961	267	3	states	state	NOUN
cblr-2961	267	4	also	also	ADV
cblr-2961	267	5	limit	limit	VERB
cblr-2961	267	6	the	the	DET
cblr-2961	267	7	percentage	percentage	NOUN
cblr-2961	267	8	of	of	ADP
cblr-2961	267	9	a	a	DET
cblr-2961	267	10	fund	fund	NOUN
cblr-2961	267	11	's	's	PART
cblr-2961	267	12	assets	asset	NOUN
cblr-2961	267	13	that	that	PRON
cblr-2961	267	14	can	can	AUX
cblr-2961	267	15	be	be	AUX
cblr-2961	267	16	used	use	VERB
cblr-2961	267	17	to	to	PART
cblr-2961	267	18	acquire	acquire	VERB
cblr-2961	267	19	equity	equity	NOUN
cblr-2961	267	20	in	in	ADP
cblr-2961	267	21	any	any	DET
cblr-2961	267	22	company	company	NOUN
cblr-2961	267	23	.	.	PUNCT
cblr-2961	267	24	"	"	PUNCT
cblr-2961	268	1	notwithstanding	notwithstanding	ADP
cblr-2961	268	2	those	those	DET
cblr-2961	268	3	restraints	restraint	NOUN
cblr-2961	268	4	,	,	PUNCT
cblr-2961	268	5	since	since	SCONJ
cblr-2961	268	6	many	many	ADJ
cblr-2961	268	7	public	public	ADJ
cblr-2961	268	8	pension	pension	NOUN
cblr-2961	268	9	funds	fund	NOUN
cblr-2961	268	10	are	be	AUX
cblr-2961	268	11	larger	large	ADJ
cblr-2961	268	12	than	than	ADP
cblr-2961	268	13	even	even	ADV
cblr-2961	268	14	some	some	PRON
cblr-2961	268	15	of	of	ADP
cblr-2961	268	16	the	the	DET
cblr-2961	268	17	biggest	big	ADJ
cblr-2961	268	18	hedge	hedge	NOUN
cblr-2961	268	19	funds,8	funds,8	NOUN
cblr-2961	268	20	pension	pension	NOUN
cblr-2961	268	21	funds	fund	NOUN
cblr-2961	268	22	may	may	AUX
cblr-2961	268	23	still	still	ADV
cblr-2961	268	24	be	be	AUX
cblr-2961	268	25	able	able	ADJ
cblr-2961	268	26	to	to	PART
cblr-2961	268	27	acquire	acquire	VERB
cblr-2961	268	28	controlling	controlling	NOUN
cblr-2961	268	29	positions	position	NOUN
cblr-2961	268	30	.	.	PUNCT
cblr-2961	269	1	furthermore	furthermore	ADV
cblr-2961	269	2	,	,	PUNCT
cblr-2961	269	3	unlike	unlike	ADP
cblr-2961	269	4	mutual	mutual	ADJ
cblr-2961	269	5	funds	fund	NOUN
cblr-2961	269	6	,	,	PUNCT
cblr-2961	269	7	pension	pension	NOUN
cblr-2961	269	8	funds	fund	NOUN
cblr-2961	269	9	are	be	AUX
cblr-2961	269	10	not	not	PART
cblr-2961	269	11	subject	subject	ADJ
cblr-2961	269	12	to	to	ADP
cblr-2961	269	13	the	the	DET
cblr-2961	269	14	control	control	NOUN
cblr-2961	269	15	of	of	ADP
cblr-2961	269	16	the	the	DET
cblr-2961	269	17	affiliated	affiliate	VERB
cblr-2961	269	18	investment	investment	NOUN
cblr-2961	269	19	banks	bank	NOUN
cblr-2961	269	20	or	or	CCONJ
cblr-2961	269	21	insurance	insurance	NOUN
cblr-2961	269	22	companies	company	NOUN
cblr-2961	269	23	,	,	PUNCT
cblr-2961	269	24	and	and	CCONJ
cblr-2961	269	25	have	have	VERB
cblr-2961	269	26	no	no	DET
cblr-2961	269	27	regulatory	regulatory	ADJ
cblr-2961	269	28	constraints	constraint	NOUN
cblr-2961	269	29	on	on	ADP
cblr-2961	269	30	"	"	PUNCT
cblr-2961	269	31	dave	dave	PROPN
cblr-2961	269	32	kansas	kansas	PROPN
cblr-2961	269	33	,	,	PUNCT
cblr-2961	269	34	making	make	VERB
cblr-2961	269	35	sense	sense	NOUN
cblr-2961	269	36	of	of	ADP
cblr-2961	269	37	wall	wall	PROPN
cblr-2961	269	38	street	street	PROPN
cblr-2961	269	39	-	-	PUNCT
cblr-2961	269	40	as	as	SCONJ
cblr-2961	269	41	investment	investment	NOUN
cblr-2961	269	42	choices	choice	NOUN
cblr-2961	269	43	pile	pile	VERB
cblr-2961	269	44	up	up	ADP
cblr-2961	269	45	,	,	PUNCT
cblr-2961	269	46	grasping	grasp	VERB
cblr-2961	269	47	fundamentals	fundamental	NOUN
cblr-2961	269	48	is	be	AUX
cblr-2961	269	49	key	key	ADJ
cblr-2961	269	50	;	;	PUNCT
cblr-2961	269	51	hedge	hedge	NOUN
cblr-2961	269	52	-	-	PUNCT
cblr-2961	269	53	fund	fund	NOUN
cblr-2961	269	54	boom	boom	NOUN
cblr-2961	269	55	explained	explain	VERB
cblr-2961	269	56	,	,	PUNCT
cblr-2961	270	1	wall	wall	PROPN
cblr-2961	270	2	st	st	PROPN
cblr-2961	270	3	.	.	PROPN
cblr-2961	270	4	j.	j.	PROPN
cblr-2961	270	5	,	,	PUNCT
cblr-2961	270	6	jan	jan	PROPN
cblr-2961	270	7	.	.	PROPN
cblr-2961	270	8	14	14	NUM
cblr-2961	270	9	,	,	PUNCT
cblr-2961	270	10	2006	2006	NUM
cblr-2961	270	11	,	,	PUNCT
cblr-2961	270	12	at	at	ADP
cblr-2961	270	13	b1	b1	NOUN
cblr-2961	270	14	(	(	PUNCT
cblr-2961	270	15	reporting	report	VERB
cblr-2961	270	16	that	that	SCONJ
cblr-2961	270	17	the	the	DET
cblr-2961	270	18	investors	investor	NOUN
cblr-2961	270	19	of	of	ADP
cblr-2961	270	20	hedge	hedge	NOUN
cblr-2961	270	21	funds	fund	NOUN
cblr-2961	270	22	have	have	AUX
cblr-2961	270	23	moved	move	VERB
cblr-2961	270	24	from	from	ADP
cblr-2961	270	25	the	the	DET
cblr-2961	270	26	wealthy	wealthy	ADJ
cblr-2961	270	27	to	to	PART
cblr-2961	270	28	include	include	VERB
cblr-2961	270	29	pension	pension	NOUN
cblr-2961	270	30	funds	fund	NOUN
cblr-2961	270	31	,	,	PUNCT
cblr-2961	270	32	university	university	NOUN
cblr-2961	270	33	endowments	endowment	NOUN
cblr-2961	270	34	,	,	PUNCT
cblr-2961	270	35	other	other	ADJ
cblr-2961	270	36	large	large	ADJ
cblr-2961	270	37	institutions	institution	NOUN
cblr-2961	270	38	and	and	CCONJ
cblr-2961	270	39	funds	fund	NOUN
cblr-2961	270	40	of	of	ADP
cblr-2961	270	41	funds	fund	NOUN
cblr-2961	270	42	)	)	PUNCT
cblr-2961	270	43	.	.	PUNCT
cblr-2961	271	1	80	80	NUM
cblr-2961	271	2	roberta	roberta	PROPN
cblr-2961	271	3	romano	romano	NOUN
cblr-2961	271	4	,	,	PUNCT
cblr-2961	271	5	public	public	ADJ
cblr-2961	271	6	pension	pension	NOUN
cblr-2961	271	7	fund	fund	NOUN
cblr-2961	271	8	activism	activism	NOUN
cblr-2961	271	9	in	in	ADP
cblr-2961	271	10	corporate	corporate	ADJ
cblr-2961	271	11	governance	governance	NOUN
cblr-2961	271	12	reconsidered	reconsider	VERB
cblr-2961	271	13	,	,	PUNCT
cblr-2961	271	14	93	93	NUM
cblr-2961	271	15	colum	colum	NOUN
cblr-2961	271	16	.	.	PUNCT
cblr-2961	272	1	l.	l.	PROPN
cblr-2961	272	2	rev	rev	PROPN
cblr-2961	272	3	.	.	PROPN
cblr-2961	272	4	795	795	NUM
cblr-2961	272	5	,	,	PUNCT
cblr-2961	272	6	800	800	NUM
cblr-2961	272	7	(	(	PUNCT
cblr-2961	272	8	1993	1993	NUM
cblr-2961	272	9	)	)	PUNCT
cblr-2961	272	10	.	.	PUNCT
cblr-2961	273	1	81	81	NUM
cblr-2961	274	1	i	i	PRON
cblr-2961	274	2	d.	d.	PROPN
cblr-2961	274	3	82	82	NUM
cblr-2961	275	1	i	i	PROPN
cblr-2961	275	2	d.	d.	PROPN
cblr-2961	275	3	;	;	PUNCT
cblr-2961	275	4	see	see	VERB
cblr-2961	275	5	also	also	ADV
cblr-2961	275	6	n.y	n.y	PROPN
cblr-2961	275	7	.	.	PROPN
cblr-2961	275	8	retire	retire	PROPN
cblr-2961	275	9	.	.	PUNCT
cblr-2961	276	1	&	&	CCONJ
cblr-2961	276	2	soc	soc	PROPN
cblr-2961	276	3	.	.	PUNCT
cblr-2961	277	1	sec	sec	PROPN
cblr-2961	277	2	.	.	PROPN
cblr-2961	277	3	law	law	PROPN
cblr-2961	277	4	§	§	PROPN
cblr-2961	277	5	13	13	NUM
cblr-2961	277	6	(	(	PUNCT
cblr-2961	277	7	2007	2007	NUM
cblr-2961	277	8	)	)	PUNCT
cblr-2961	277	9	.	.	PUNCT
cblr-2961	278	1	romano	romano	NOUN
cblr-2961	278	2	,	,	PUNCT
cblr-2961	278	3	supra	supra	PROPN
cblr-2961	278	4	note	note	NOUN
cblr-2961	278	5	80	80	NUM
cblr-2961	278	6	.	.	PUNCT
cblr-2961	279	1	it	it	PRON
cblr-2961	279	2	is	be	AUX
cblr-2961	279	3	estimated	estimate	VERB
cblr-2961	279	4	that	that	SCONJ
cblr-2961	279	5	the	the	DET
cblr-2961	279	6	average	average	ADJ
cblr-2961	279	7	hedge	hedge	NOUN
cblr-2961	279	8	fund	fund	NOUN
cblr-2961	279	9	has	have	VERB
cblr-2961	279	10	assets	asset	NOUN
cblr-2961	279	11	of	of	ADP
cblr-2961	279	12	about	about	ADV
cblr-2961	279	13	$	$	SYM
cblr-2961	279	14	100	100	NUM
cblr-2961	279	15	million	million	NUM
cblr-2961	279	16	,	,	PUNCT
cblr-2961	279	17	while	while	SCONJ
cblr-2961	279	18	the	the	DET
cblr-2961	279	19	largest	large	ADJ
cblr-2961	279	20	hedge	hedge	NOUN
cblr-2961	279	21	funds	fund	NOUN
cblr-2961	279	22	have	have	VERB
cblr-2961	279	23	assets	asset	NOUN
cblr-2961	279	24	of	of	ADP
cblr-2961	279	25	over	over	ADP
cblr-2961	279	26	$	$	SYM
cblr-2961	279	27	10	10	NUM
cblr-2961	279	28	billion	billion	NUM
cblr-2961	279	29	.	.	PUNCT
cblr-2961	280	1	kahan	kahan	PROPN
cblr-2961	280	2	&	&	CCONJ
cblr-2961	280	3	rock	rock	PROPN
cblr-2961	280	4	,	,	PUNCT
cblr-2961	280	5	supra	supra	PROPN
cblr-2961	280	6	note	note	NOUN
cblr-2961	280	7	30	30	NUM
cblr-2961	280	8	,	,	PUNCT
cblr-2961	280	9	at	at	ADP
cblr-2961	280	10	1062	1062	NUM
cblr-2961	280	11	.	.	PUNCT
cblr-2961	281	1	but	but	CCONJ
cblr-2961	281	2	large	large	ADJ
cblr-2961	281	3	public	public	ADJ
cblr-2961	281	4	pension	pension	NOUN
cblr-2961	281	5	funds	fund	NOUN
cblr-2961	281	6	are	be	AUX
cblr-2961	281	7	as	as	ADV
cblr-2961	281	8	large	large	ADJ
cblr-2961	281	9	as	as	ADP
cblr-2961	281	10	hundreds	hundred	NOUN
cblr-2961	281	11	of	of	ADP
cblr-2961	281	12	billion	billion	NUM
cblr-2961	281	13	dollars	dollar	NOUN
cblr-2961	281	14	.	.	PUNCT
cblr-2961	282	1	for	for	ADP
cblr-2961	282	2	example	example	NOUN
cblr-2961	282	3	,	,	PUNCT
cblr-2961	282	4	in	in	ADP
cblr-2961	282	5	2007	2007	NUM
cblr-2961	282	6	calpers	calper	NOUN
cblr-2961	282	7	's	's	PART
cblr-2961	282	8	,	,	PUNCT
cblr-2961	282	9	assets	asset	NOUN
cblr-2961	282	10	under	under	ADP
cblr-2961	282	11	management	management	NOUN
cblr-2961	282	12	exceeded	exceed	VERB
cblr-2961	282	13	$	$	SYM
cblr-2961	282	14	247	247	NUM
cblr-2961	282	15	billion	billion	NUM
cblr-2961	282	16	.	.	PUNCT
cblr-2961	283	1	calpers	calper	NOUN
cblr-2961	283	2	facts	fact	VERB
cblr-2961	283	3	at	at	ADP
cblr-2961	283	4	a	a	DET
cblr-2961	283	5	glace	glace	NOUN
cblr-2961	283	6	,	,	PUNCT
cblr-2961	283	7	available	available	ADJ
cblr-2961	283	8	at	at	ADP
cblr-2961	283	9	http://www.calpers.ca.gov/eip-docs/about/facts/	http://www.calpers.ca.gov/eip-docs/about/facts/	NOUN
cblr-2961	283	10	investme.pdf	investme.pdf	NOUN
cblr-2961	283	11	.	.	PUNCT
cblr-2961	284	1	[	[	X
cblr-2961	284	2	vol	vol	NOUN
cblr-2961	284	3	.	.	NOUN
cblr-2961	284	4	2008	2008	NUM
cblr-2961	284	5	performance	performance	NOUN
cblr-2961	284	6	fees	fee	NOUN
cblr-2961	284	7	.	.	PUNCT
cblr-2961	284	8	85	85	NUM
cblr-2961	284	9	from	from	ADP
cblr-2961	284	10	the	the	DET
cblr-2961	284	11	effects	effect	NOUN
cblr-2961	284	12	of	of	ADP
cblr-2961	284	13	the	the	DET
cblr-2961	284	14	legal	legal	ADJ
cblr-2961	284	15	restraints	restraint	NOUN
cblr-2961	284	16	alone	alone	ADV
cblr-2961	284	17	,	,	PUNCT
cblr-2961	284	18	public	public	ADJ
cblr-2961	284	19	pension	pension	NOUN
cblr-2961	284	20	funds	fund	NOUN
cblr-2961	284	21	,	,	PUNCT
cblr-2961	284	22	like	like	ADP
cblr-2961	284	23	hedge	hedge	NOUN
cblr-2961	284	24	funds	fund	NOUN
cblr-2961	284	25	,	,	PUNCT
cblr-2961	284	26	seem	seem	VERB
cblr-2961	284	27	to	to	PART
cblr-2961	284	28	be	be	AUX
cblr-2961	284	29	better	well	ADV
cblr-2961	284	30	suited	suit	VERB
cblr-2961	284	31	to	to	PART
cblr-2961	284	32	be	be	AUX
cblr-2961	284	33	strategic	strategic	ADJ
cblr-2961	284	34	activists	activist	NOUN
cblr-2961	284	35	than	than	ADP
cblr-2961	284	36	mutual	mutual	ADJ
cblr-2961	284	37	funds	fund	NOUN
cblr-2961	284	38	.	.	PUNCT
cblr-2961	285	1	however	however	ADV
cblr-2961	285	2	,	,	PUNCT
cblr-2961	285	3	public	public	ADJ
cblr-2961	285	4	pension	pension	NOUN
cblr-2961	285	5	fund	fund	NOUN
cblr-2961	285	6	managers	manager	NOUN
cblr-2961	285	7	are	be	AUX
cblr-2961	285	8	subject	subject	ADJ
cblr-2961	285	9	to	to	ADP
cblr-2961	285	10	political	political	ADJ
cblr-2961	285	11	pressure.86	pressure.86	NOUN
cblr-2961	285	12	the	the	DET
cblr-2961	285	13	managing	manage	VERB
cblr-2961	285	14	board	board	NOUN
cblr-2961	285	15	of	of	ADP
cblr-2961	285	16	a	a	DET
cblr-2961	285	17	public	public	ADJ
cblr-2961	285	18	pension	pension	NOUN
cblr-2961	285	19	fund	fund	NOUN
cblr-2961	285	20	is	be	AUX
cblr-2961	285	21	chosen	choose	VERB
cblr-2961	285	22	through	through	ADP
cblr-2961	285	23	the	the	DET
cblr-2961	285	24	political	political	ADJ
cblr-2961	285	25	process	process	NOUN
cblr-2961	285	26	specified	specify	VERB
cblr-2961	285	27	by	by	ADP
cblr-2961	285	28	each	each	DET
cblr-2961	285	29	state	state	NOUN
cblr-2961	285	30	.	.	PUNCT
cblr-2961	286	1	87	87	NUM
cblr-2961	286	2	they	they	PRON
cblr-2961	286	3	are	be	AUX
cblr-2961	286	4	usually	usually	ADV
cblr-2961	286	5	gubernatorial	gubernatorial	ADJ
cblr-2961	286	6	appointees	appointee	NOUN
cblr-2961	286	7	,	,	PUNCT
cblr-2961	286	8	representatives	representative	NOUN
cblr-2961	286	9	elected	elect	VERB
cblr-2961	286	10	by	by	ADP
cblr-2961	286	11	fund	fund	NOUN
cblr-2961	286	12	beneficiaries	beneficiary	NOUN
cblr-2961	286	13	,	,	PUNCT
cblr-2961	286	14	or	or	CCONJ
cblr-2961	286	15	individuals	individual	NOUN
cblr-2961	286	16	named	name	VERB
cblr-2961	286	17	because	because	SCONJ
cblr-2961	286	18	of	of	ADP
cblr-2961	286	19	the	the	DET
cblr-2961	286	20	office	office	NOUN
cblr-2961	286	21	they	they	PRON
cblr-2961	286	22	hold.88	hold.88	VERB
cblr-2961	286	23	such	such	ADJ
cblr-2961	286	24	political	political	ADJ
cblr-2961	286	25	affiliation	affiliation	NOUN
cblr-2961	286	26	not	not	PART
cblr-2961	286	27	only	only	ADV
cblr-2961	286	28	impedes	impede	VERB
cblr-2961	286	29	public	public	ADJ
cblr-2961	286	30	pension	pension	NOUN
cblr-2961	286	31	funds	fund	NOUN
cblr-2961	286	32	from	from	ADP
cblr-2961	286	33	being	be	AUX
cblr-2961	286	34	involved	involve	VERB
cblr-2961	286	35	in	in	ADP
cblr-2961	286	36	highly	highly	ADV
cblr-2961	286	37	controversial	controversial	ADJ
cblr-2961	286	38	or	or	CCONJ
cblr-2961	286	39	risky	risky	ADJ
cblr-2961	286	40	investments,89	investments,89	NOUN
cblr-2961	286	41	it	it	PRON
cblr-2961	286	42	also	also	ADV
cblr-2961	286	43	limits	limit	VERB
cblr-2961	286	44	the	the	DET
cblr-2961	286	45	compensation	compensation	NOUN
cblr-2961	286	46	that	that	SCONJ
cblr-2961	286	47	pension	pension	NOUN
cblr-2961	286	48	funds	fund	NOUN
cblr-2961	286	49	managers	manager	NOUN
cblr-2961	286	50	can	can	AUX
cblr-2961	286	51	receive.90	receive.90	VERB
cblr-2961	286	52	as	as	ADP
cblr-2961	286	53	a	a	DET
cblr-2961	286	54	result	result	NOUN
cblr-2961	286	55	,	,	PUNCT
cblr-2961	286	56	lack	lack	NOUN
cblr-2961	286	57	of	of	ADP
cblr-2961	286	58	pay	pay	NOUN
cblr-2961	286	59	for	for	ADP
cblr-2961	286	60	performance	performance	NOUN
cblr-2961	286	61	-	-	PUNCT
cblr-2961	286	62	based	base	VERB
cblr-2961	286	63	compensation	compensation	NOUN
cblr-2961	286	64	and	and	CCONJ
cblr-2961	286	65	restrictions	restriction	NOUN
cblr-2961	286	66	based	base	VERB
cblr-2961	286	67	on	on	ADP
cblr-2961	286	68	the	the	DET
cblr-2961	286	69	political	political	ADJ
cblr-2961	286	70	agenda	agenda	NOUN
cblr-2961	286	71	85	85	NUM
cblr-2961	286	72	kahan	kahan	PROPN
cblr-2961	286	73	&	&	CCONJ
cblr-2961	286	74	rock	rock	PROPN
cblr-2961	286	75	,	,	PUNCT
cblr-2961	286	76	supra	supra	PROPN
cblr-2961	286	77	note	note	NOUN
cblr-2961	286	78	30	30	NUM
cblr-2961	286	79	,	,	PUNCT
cblr-2961	286	80	at	at	ADP
cblr-2961	286	81	1057	1057	NUM
cblr-2961	286	82	(	(	PUNCT
cblr-2961	286	83	"	"	PUNCT
cblr-2961	286	84	but	but	CCONJ
cblr-2961	286	85	,	,	PUNCT
cblr-2961	286	86	unlike	unlike	ADP
cblr-2961	286	87	mutual	mutual	ADJ
cblr-2961	286	88	funds	fund	NOUN
cblr-2961	286	89	,	,	PUNCT
cblr-2961	286	90	public	public	ADJ
cblr-2961	286	91	pension	pension	NOUN
cblr-2961	286	92	funds	fund	NOUN
cblr-2961	286	93	are	be	AUX
cblr-2961	286	94	not	not	PART
cblr-2961	286	95	subject	subject	ADJ
cblr-2961	286	96	to	to	ADP
cblr-2961	286	97	specific	specific	ADJ
cblr-2961	286	98	diversification	diversification	NOUN
cblr-2961	286	99	requirements	requirement	NOUN
cblr-2961	286	100	or	or	CCONJ
cblr-2961	286	101	regulatory	regulatory	ADJ
cblr-2961	286	102	constraints	constraint	NOUN
cblr-2961	286	103	on	on	ADP
cblr-2961	286	104	performance	performance	NOUN
cblr-2961	286	105	fees	fee	NOUN
cblr-2961	286	106	,	,	PUNCT
cblr-2961	286	107	face	face	VERB
cblr-2961	286	108	predictable	predictable	ADJ
cblr-2961	286	109	liquidity	liquidity	NOUN
cblr-2961	286	110	requirements	requirement	NOUN
cblr-2961	286	111	,	,	PUNCT
cblr-2961	286	112	and	and	CCONJ
cblr-2961	286	113	have	have	VERB
cblr-2961	286	114	no	no	DET
cblr-2961	286	115	business	business	NOUN
cblr-2961	286	116	ties	tie	NOUN
cblr-2961	286	117	with	with	ADP
cblr-2961	286	118	portfolio	portfolio	NOUN
cblr-2961	286	119	companies	company	NOUN
cblr-2961	286	120	that	that	PRON
cblr-2961	286	121	would	would	AUX
cblr-2961	286	122	be	be	AUX
cblr-2961	286	123	jeopardized	jeopardize	VERB
cblr-2961	286	124	by	by	ADP
cblr-2961	286	125	activism	activism	NOUN
cblr-2961	286	126	.	.	PUNCT
cblr-2961	286	127	"	"	PUNCT
cblr-2961	286	128	)	)	PUNCT
cblr-2961	286	129	.	.	PUNCT
cblr-2961	287	1	6	6	NUM
cblr-2961	287	2	see	see	VERB
cblr-2961	287	3	,	,	PUNCT
cblr-2961	287	4	e.g.	e.g.	ADV
cblr-2961	287	5	,	,	PUNCT
cblr-2961	287	6	roberto	roberto	PROPN
cblr-2961	287	7	romano	romano	PROPN
cblr-2961	287	8	,	,	PUNCT
cblr-2961	287	9	less	less	ADJ
cblr-2961	287	10	is	be	AUX
cblr-2961	287	11	more	more	ADJ
cblr-2961	287	12	:	:	PUNCT
cblr-2961	287	13	making	make	VERB
cblr-2961	287	14	institutional	institutional	ADJ
cblr-2961	287	15	investor	investor	NOUN
cblr-2961	287	16	activism	activism	NOUN
cblr-2961	287	17	a	a	DET
cblr-2961	287	18	valuable	valuable	ADJ
cblr-2961	287	19	mechanism	mechanism	NOUN
cblr-2961	287	20	of	of	ADP
cblr-2961	287	21	corporate	corporate	ADJ
cblr-2961	287	22	governance	governance	NOUN
cblr-2961	287	23	,	,	PUNCT
cblr-2961	287	24	18	18	NUM
cblr-2961	287	25	yale	yale	NOUN
cblr-2961	287	26	.	.	PUNCT
cblr-2961	288	1	j.	j.	PROPN
cblr-2961	288	2	reg	reg	PROPN
cblr-2961	288	3	.	.	PROPN
cblr-2961	289	1	174	174	NUM
cblr-2961	289	2	,	,	PUNCT
cblr-2961	289	3	181	181	NUM
cblr-2961	289	4	(	(	PUNCT
cblr-2961	289	5	2001	2001	NUM
cblr-2961	289	6	)	)	PUNCT
cblr-2961	289	7	(	(	PUNCT
cblr-2961	289	8	introducing	introduce	VERB
cblr-2961	289	9	evidence	evidence	NOUN
cblr-2961	289	10	showing	show	VERB
cblr-2961	289	11	that	that	SCONJ
cblr-2961	289	12	the	the	DET
cblr-2961	289	13	new	new	PROPN
cblr-2961	289	14	york	york	PROPN
cblr-2961	289	15	pension	pension	NOUN
cblr-2961	289	16	fund	fund	NOUN
cblr-2961	289	17	managers	manager	NOUN
cblr-2961	289	18	operated	operate	VERB
cblr-2961	289	19	the	the	DET
cblr-2961	289	20	fund	fund	NOUN
cblr-2961	289	21	assets	asset	NOUN
cblr-2961	289	22	with	with	ADP
cblr-2961	289	23	an	an	DET
cblr-2961	289	24	aim	aim	NOUN
cblr-2961	289	25	to	to	PART
cblr-2961	289	26	seek	seek	VERB
cblr-2961	289	27	a	a	DET
cblr-2961	289	28	higher	high	ADJ
cblr-2961	289	29	political	political	ADJ
cblr-2961	289	30	office	office	NOUN
cblr-2961	289	31	)	)	PUNCT
cblr-2961	289	32	.	.	PUNCT
cblr-2961	290	1	87	87	NUM
cblr-2961	290	2	kahan	kahan	PROPN
cblr-2961	290	3	&	&	CCONJ
cblr-2961	290	4	rock	rock	PROPN
cblr-2961	290	5	,	,	PUNCT
cblr-2961	290	6	supra	supra	PROPN
cblr-2961	290	7	note	note	NOUN
cblr-2961	290	8	30	30	NUM
cblr-2961	290	9	,	,	PUNCT
cblr-2961	290	10	at	at	ADP
cblr-2961	290	11	1057	1057	NUM
cblr-2961	290	12	(	(	PUNCT
cblr-2961	290	13	"	"	PUNCT
cblr-2961	290	14	the	the	DET
cblr-2961	290	15	makeup	makeup	NOUN
cblr-2961	290	16	of	of	ADP
cblr-2961	290	17	their	their	PRON
cblr-2961	290	18	boards	board	NOUN
cblr-2961	290	19	of	of	ADP
cblr-2961	290	20	trustees	trustee	NOUN
cblr-2961	290	21	is	be	AUX
cblr-2961	290	22	governed	govern	VERB
cblr-2961	290	23	by	by	ADP
cblr-2961	290	24	state	state	NOUN
cblr-2961	290	25	law	law	NOUN
cblr-2961	290	26	and	and	CCONJ
cblr-2961	290	27	differs	differ	VERB
cblr-2961	290	28	from	from	ADP
cblr-2961	290	29	fund	fund	NOUN
cblr-2961	290	30	to	to	ADP
cblr-2961	290	31	fund	fund	NOUN
cblr-2961	290	32	.	.	PUNCT
cblr-2961	290	33	"	"	PUNCT
cblr-2961	290	34	)	)	PUNCT
cblr-2961	290	35	.	.	PUNCT
cblr-2961	291	1	romano	romano	NOUN
cblr-2961	291	2	,	,	PUNCT
cblr-2961	291	3	supra	supra	PROPN
cblr-2961	291	4	note	note	PROPN
cblr-2961	291	5	80	80	NUM
cblr-2961	291	6	,	,	PUNCT
cblr-2961	291	7	at	at	ADP
cblr-2961	291	8	800	800	NUM
cblr-2961	291	9	-	-	NUM
cblr-2961	291	10	01	01	NUM
cblr-2961	291	11	.	.	NUM
cblr-2961	291	12	89	89	NUM
cblr-2961	292	1	i	i	PRON
cblr-2961	292	2	d.	d.	PROPN
cblr-2961	292	3	at	at	ADP
cblr-2961	292	4	807	807	NUM
cblr-2961	292	5	(	(	PUNCT
cblr-2961	292	6	"	"	PUNCT
cblr-2961	292	7	the	the	DET
cblr-2961	292	8	workers	worker	NOUN
cblr-2961	292	9	of	of	ADP
cblr-2961	292	10	an	an	DET
cblr-2961	292	11	illinois	illinois	PROPN
cblr-2961	292	12	printing	print	VERB
cblr-2961	292	13	company	company	NOUN
cblr-2961	292	14	in	in	ADP
cblr-2961	292	15	financial	financial	ADJ
cblr-2961	292	16	difficulty	difficulty	NOUN
cblr-2961	292	17	sought	seek	VERB
cblr-2961	292	18	to	to	PART
cblr-2961	292	19	purchase	purchase	VERB
cblr-2961	292	20	the	the	DET
cblr-2961	292	21	firm	firm	NOUN
cblr-2961	292	22	from	from	ADP
cblr-2961	292	23	its	its	PRON
cblr-2961	292	24	owner	owner	NOUN
cblr-2961	292	25	,	,	PUNCT
cblr-2961	292	26	a	a	DET
cblr-2961	292	27	leveraged	leverage	VERB
cblr-2961	292	28	buyout	buyout	NOUN
cblr-2961	292	29	fund	fund	NOUN
cblr-2961	292	30	operated	operate	VERB
cblr-2961	292	31	by	by	ADP
cblr-2961	292	32	kohlberg	kohlberg	PROPN
cblr-2961	292	33	,	,	PUNCT
cblr-2961	292	34	kravis	kravis	PROPN
cblr-2961	292	35	,	,	PUNCT
cblr-2961	292	36	roberts	roberts	PROPN
cblr-2961	292	37	and	and	CCONJ
cblr-2961	292	38	co.	co.	PROPN
cblr-2961	292	39	(	(	PUNCT
cblr-2961	292	40	'	'	PUNCT
cblr-2961	292	41	kkr	kkr	PROPN
cblr-2961	292	42	'	'	PUNCT
cblr-2961	292	43	)	)	PUNCT
cblr-2961	292	44	.	.	PUNCT
cblr-2961	293	1	the	the	DET
cblr-2961	293	2	illinois	illinois	PROPN
cblr-2961	293	3	state	state	PROPN
cblr-2961	293	4	treasurer	treasurer	NOUN
cblr-2961	293	5	threatened	threaten	VERB
cblr-2961	293	6	to	to	PART
cblr-2961	293	7	withhold	withhold	VERB
cblr-2961	293	8	future	future	ADJ
cblr-2961	293	9	investments	investment	NOUN
cblr-2961	293	10	by	by	ADP
cblr-2961	293	11	the	the	DET
cblr-2961	293	12	state	state	NOUN
cblr-2961	293	13	pension	pension	NOUN
cblr-2961	293	14	fund	fund	NOUN
cblr-2961	293	15	in	in	ADP
cblr-2961	293	16	kkr	kkr	PROPN
cblr-2961	293	17	's	's	PART
cblr-2961	293	18	leveraged	leverage	VERB
cblr-2961	293	19	buyout	buyout	NOUN
cblr-2961	293	20	fund	fund	NOUN
cblr-2961	293	21	and	and	CCONJ
cblr-2961	293	22	to	to	PART
cblr-2961	293	23	'	'	PUNCT
cblr-2961	293	24	alert	alert	VERB
cblr-2961	293	25	state	state	NOUN
cblr-2961	293	26	pension	pension	NOUN
cblr-2961	293	27	boards	board	NOUN
cblr-2961	293	28	across	across	ADP
cblr-2961	293	29	the	the	DET
cblr-2961	293	30	country	country	NOUN
cblr-2961	293	31	about	about	ADP
cblr-2961	293	32	the	the	DET
cblr-2961	293	33	situation	situation	NOUN
cblr-2961	293	34	'	'	PUNCT
cblr-2961	293	35	if	if	SCONJ
cblr-2961	293	36	kkr	kkr	PROPN
cblr-2961	293	37	did	do	AUX
cblr-2961	293	38	not	not	PART
cblr-2961	293	39	ensure	ensure	VERB
cblr-2961	293	40	that	that	SCONJ
cblr-2961	293	41	the	the	DET
cblr-2961	293	42	plant	plant	NOUN
cblr-2961	293	43	continued	continue	VERB
cblr-2961	293	44	to	to	PART
cblr-2961	293	45	operate	operate	VERB
cblr-2961	293	46	without	without	ADP
cblr-2961	293	47	any	any	DET
cblr-2961	293	48	reduction	reduction	NOUN
cblr-2961	293	49	in	in	ADP
cblr-2961	293	50	employment	employment	NOUN
cblr-2961	293	51	.	.	PUNCT
cblr-2961	293	52	"	"	PUNCT
cblr-2961	293	53	)	)	PUNCT
cblr-2961	293	54	.	.	PUNCT
cblr-2961	294	1	this	this	PRON
cblr-2961	294	2	is	be	AUX
cblr-2961	294	3	evidence	evidence	NOUN
cblr-2961	294	4	that	that	SCONJ
cblr-2961	294	5	political	political	ADJ
cblr-2961	294	6	pressure	pressure	NOUN
cblr-2961	294	7	on	on	ADP
cblr-2961	294	8	public	public	ADJ
cblr-2961	294	9	funds	fund	NOUN
cblr-2961	294	10	creates	create	VERB
cblr-2961	294	11	significant	significant	ADJ
cblr-2961	294	12	constraints	constraint	NOUN
cblr-2961	294	13	on	on	ADP
cblr-2961	294	14	their	their	PRON
cblr-2961	294	15	pursuit	pursuit	NOUN
cblr-2961	294	16	of	of	ADP
cblr-2961	294	17	a	a	DET
cblr-2961	294	18	value	value	NOUN
cblr-2961	294	19	-	-	PUNCT
cblr-2961	294	20	maximizing	maximize	VERB
cblr-2961	294	21	investment	investment	NOUN
cblr-2961	294	22	strategy	strategy	NOUN
cblr-2961	294	23	.	.	PUNCT
cblr-2961	295	1	90	90	NUM
cblr-2961	295	2	kahan	kahan	PROPN
cblr-2961	295	3	&	&	CCONJ
cblr-2961	295	4	rock	rock	PROPN
cblr-2961	295	5	,	,	PUNCT
cblr-2961	295	6	supra	supra	PROPN
cblr-2961	295	7	note	note	NOUN
cblr-2961	295	8	30	30	NUM
cblr-2961	295	9	,	,	PUNCT
cblr-2961	295	10	at	at	ADP
cblr-2961	295	11	1058	1058	NUM
cblr-2961	295	12	-	-	SYM
cblr-2961	295	13	59	59	NUM
cblr-2961	295	14	(	(	PUNCT
cblr-2961	295	15	"	"	PUNCT
cblr-2961	295	16	consistent	consistent	ADJ
cblr-2961	295	17	with	with	ADP
cblr-2961	295	18	the	the	DET
cblr-2961	295	19	tendency	tendency	NOUN
cblr-2961	295	20	illustrated	illustrate	VERB
cblr-2961	295	21	by	by	ADP
cblr-2961	295	22	the	the	DET
cblr-2961	295	23	harvard	harvard	PROPN
cblr-2961	295	24	endowment	endowment	PROPN
cblr-2961	295	25	example	example	NOUN
cblr-2961	295	26	,	,	PUNCT
cblr-2961	295	27	empirical	empirical	ADJ
cblr-2961	295	28	evidence	evidence	NOUN
cblr-2961	295	29	has	have	AUX
cblr-2961	295	30	shown	show	VERB
cblr-2961	295	31	that	that	SCONJ
cblr-2961	295	32	the	the	DET
cblr-2961	295	33	compensation	compensation	NOUN
cblr-2961	295	34	of	of	ADP
cblr-2961	295	35	public	public	ADJ
cblr-2961	295	36	pension	pension	NOUN
cblr-2961	295	37	fund	fund	NOUN
cblr-2961	295	38	administrators	administrator	NOUN
cblr-2961	295	39	is	be	AUX
cblr-2961	295	40	less	less	ADV
cblr-2961	295	41	frequently	frequently	ADV
cblr-2961	295	42	based	base	VERB
cblr-2961	295	43	on	on	ADP
cblr-2961	295	44	performance	performance	NOUN
cblr-2961	295	45	and	and	CCONJ
cblr-2961	295	46	is	be	AUX
cblr-2961	295	47	less	less	ADJ
cblr-2961	295	48	performance	performance	NOUN
cblr-2961	295	49	sensitive	sensitive	ADJ
cblr-2961	295	50	when	when	SCONJ
cblr-2961	295	51	it	it	PRON
cblr-2961	295	52	is	be	AUX
cblr-2961	295	53	than	than	ADP
cblr-2961	295	54	that	that	PRON
cblr-2961	295	55	of	of	ADP
cblr-2961	295	56	private	private	ADJ
cblr-2961	295	57	-	-	PUNCT
cblr-2961	295	58	plan	plan	NOUN
cblr-2961	295	59	administrators	administrator	NOUN
cblr-2961	295	60	.	.	PUNCT
cblr-2961	295	61	"	"	PUNCT
cblr-2961	295	62	)	)	PUNCT
cblr-2961	295	63	.	.	PUNCT
cblr-2961	296	1	no	no	INTJ
cblr-2961	296	2	.	.	PUNCT
cblr-2961	297	1	2:7241	2:7241	NUM
cblr-2961	297	2	hedge	hedge	NOUN
cblr-2961	297	3	fund	fund	NOUN
cblr-2961	297	4	activism	activism	NOUN
cblr-2961	297	5	of	of	ADP
cblr-2961	297	6	states91	states91	NOUN
cblr-2961	297	7	reduces	reduce	VERB
cblr-2961	297	8	the	the	DET
cblr-2961	297	9	incentive	incentive	NOUN
cblr-2961	297	10	of	of	ADP
cblr-2961	297	11	public	public	ADJ
cblr-2961	297	12	pension	pension	NOUN
cblr-2961	297	13	funds	fund	NOUN
cblr-2961	297	14	managers	manager	NOUN
cblr-2961	297	15	to	to	PART
cblr-2961	297	16	engage	engage	VERB
cblr-2961	297	17	in	in	ADP
cblr-2961	297	18	activist	activist	NOUN
cblr-2961	297	19	events.92	events.92	PROPN
cblr-2961	297	20	unless	unless	SCONJ
cblr-2961	297	21	there	there	PRON
cblr-2961	297	22	is	be	VERB
cblr-2961	297	23	a	a	DET
cblr-2961	297	24	dramatic	dramatic	ADJ
cblr-2961	297	25	change	change	NOUN
cblr-2961	297	26	in	in	ADP
cblr-2961	297	27	the	the	DET
cblr-2961	297	28	political	political	ADJ
cblr-2961	297	29	climate	climate	NOUN
cblr-2961	297	30	,	,	PUNCT
cblr-2961	297	31	it	it	PRON
cblr-2961	297	32	is	be	AUX
cblr-2961	297	33	likely	likely	ADJ
cblr-2961	297	34	that	that	SCONJ
cblr-2961	297	35	the	the	DET
cblr-2961	297	36	behavior	behavior	NOUN
cblr-2961	297	37	of	of	ADP
cblr-2961	297	38	hedge	hedge	NOUN
cblr-2961	297	39	funds	fund	NOUN
cblr-2961	297	40	and	and	CCONJ
cblr-2961	297	41	pension	pension	NOUN
cblr-2961	297	42	funds	fund	NOUN
cblr-2961	297	43	will	will	AUX
cblr-2961	297	44	not	not	PART
cblr-2961	297	45	converge	converge	VERB
cblr-2961	297	46	in	in	ADP
cblr-2961	297	47	the	the	DET
cblr-2961	297	48	near	near	ADJ
cblr-2961	297	49	future.93	future.93	PROPN
cblr-2961	297	50	iii	iii	PROPN
cblr-2961	297	51	.	.	PUNCT
cblr-2961	298	1	concerns	concern	NOUN
cblr-2961	298	2	about	about	ADP
cblr-2961	298	3	hedge	hedge	NOUN
cblr-2961	298	4	fund	fund	NOUN
cblr-2961	298	5	activism	activism	NOUN
cblr-2961	298	6	the	the	DET
cblr-2961	298	7	impact	impact	NOUN
cblr-2961	298	8	of	of	ADP
cblr-2961	298	9	hedge	hedge	NOUN
cblr-2961	298	10	fund	fund	NOUN
cblr-2961	298	11	activism	activism	NOUN
cblr-2961	298	12	on	on	ADP
cblr-2961	298	13	the	the	DET
cblr-2961	298	14	market	market	NOUN
cblr-2961	298	15	has	have	AUX
cblr-2961	298	16	drawn	draw	VERB
cblr-2961	298	17	significant	significant	ADJ
cblr-2961	298	18	attention.94	attention.94	NOUN
cblr-2961	298	19	academics	academic	NOUN
cblr-2961	298	20	and	and	CCONJ
cblr-2961	298	21	practitioners	practitioner	NOUN
cblr-2961	298	22	point	point	VERB
cblr-2961	298	23	to	to	ADP
cblr-2961	298	24	"	"	PUNCT
cblr-2961	298	25	short	short	ADJ
cblr-2961	298	26	-	-	PUNCT
cblr-2961	298	27	termism	termism	NOUN
cblr-2961	298	28	"	"	PUNCT
cblr-2961	298	29	and	and	CCONJ
cblr-2961	298	30	"	"	PUNCT
cblr-2961	298	31	empty	empty	ADJ
cblr-2961	298	32	"	"	PUNCT
cblr-2961	298	33	or	or	CCONJ
cblr-2961	298	34	"	"	PUNCT
cblr-2961	298	35	negative	negative	ADJ
cblr-2961	298	36	"	"	PUNCT
cblr-2961	298	37	voting	voting	NOUN
cblr-2961	298	38	to	to	PART
cblr-2961	298	39	illustrate	illustrate	VERB
cblr-2961	298	40	how	how	SCONJ
cblr-2961	298	41	a	a	DET
cblr-2961	298	42	hedge	hedge	NOUN
cblr-2961	298	43	fund	fund	NOUN
cblr-2961	298	44	activist	activist	NOUN
cblr-2961	298	45	's	's	PART
cblr-2961	298	46	interest	interest	NOUN
cblr-2961	298	47	,	,	PUNCT
cblr-2961	298	48	as	as	ADP
cblr-2961	298	49	a	a	DET
cblr-2961	298	50	shareholder	shareholder	NOUN
cblr-2961	298	51	,	,	PUNCT
cblr-2961	298	52	is	be	AUX
cblr-2961	298	53	not	not	PART
cblr-2961	298	54	aligned	align	VERB
cblr-2961	298	55	with	with	ADP
cblr-2961	298	56	the	the	DET
cblr-2961	298	57	company	company	NOUN
cblr-2961	298	58	's	's	PART
cblr-2961	298	59	best	good	ADJ
cblr-2961	298	60	interest	interest	NOUN
cblr-2961	298	61	.	.	PUNCT
cblr-2961	299	1	this	this	DET
cblr-2961	299	2	note	note	NOUN
cblr-2961	299	3	only	only	ADV
cblr-2961	299	4	focuses	focus	VERB
cblr-2961	299	5	on	on	ADP
cblr-2961	299	6	short	short	ADJ
cblr-2961	299	7	-	-	PUNCT
cblr-2961	299	8	termism	termism	NOUN
cblr-2961	299	9	because	because	SCONJ
cblr-2961	299	10	empty	empty	ADJ
cblr-2961	299	11	or	or	CCONJ
cblr-2961	299	12	negative	negative	ADJ
cblr-2961	299	13	voting	voting	NOUN
cblr-2961	299	14	is	be	AUX
cblr-2961	299	15	neither	neither	CCONJ
cblr-2961	299	16	a	a	DET
cblr-2961	299	17	unique	unique	ADJ
cblr-2961	299	18	risk	risk	NOUN
cblr-2961	299	19	nor	nor	CCONJ
cblr-2961	299	20	an	an	DET
cblr-2961	299	21	intertwined	intertwine	VERB
cblr-2961	299	22	problem	problem	NOUN
cblr-2961	299	23	for	for	ADP
cblr-2961	299	24	hedge	hedge	NOUN
cblr-2961	299	25	fund	fund	NOUN
cblr-2961	299	26	activism	activism	NOUN
cblr-2961	299	27	.	.	PUNCT
cblr-2961	300	1	therefore	therefore	ADV
cblr-2961	300	2	,	,	PUNCT
cblr-2961	300	3	the	the	DET
cblr-2961	300	4	solution	solution	NOUN
cblr-2961	300	5	to	to	ADP
cblr-2961	300	6	such	such	ADJ
cblr-2961	300	7	problems	problem	NOUN
cblr-2961	300	8	likely	likely	ADV
cblr-2961	300	9	will	will	AUX
cblr-2961	300	10	affect	affect	VERB
cblr-2961	300	11	neither	neither	CCONJ
cblr-2961	300	12	the	the	DET
cblr-2961	300	13	incentive	incentive	NOUN
cblr-2961	300	14	nor	nor	CCONJ
cblr-2961	300	15	the	the	DET
cblr-2961	300	16	less	less	ADV
cblr-2961	300	17	regulated	regulated	ADJ
cblr-2961	300	18	status	status	NOUN
cblr-2961	300	19	of	of	ADP
cblr-2961	300	20	hedge	hedge	NOUN
cblr-2961	300	21	funds	fund	NOUN
cblr-2961	300	22	that	that	PRON
cblr-2961	300	23	encourage	encourage	VERB
cblr-2961	300	24	their	their	PRON
cblr-2961	300	25	activism	activism	NOUN
cblr-2961	300	26	.	.	PUNCT
cblr-2961	301	1	91	91	NUM
cblr-2961	301	2	romano	romano	NOUN
cblr-2961	301	3	,	,	PUNCT
cblr-2961	301	4	supra	supra	PROPN
cblr-2961	301	5	note	note	PROPN
cblr-2961	301	6	80	80	NUM
cblr-2961	301	7	,	,	PUNCT
cblr-2961	301	8	at	at	ADP
cblr-2961	301	9	809	809	NUM
cblr-2961	301	10	(	(	PUNCT
cblr-2961	301	11	listing	list	VERB
cblr-2961	301	12	states	state	NOUN
cblr-2961	301	13	with	with	ADP
cblr-2961	301	14	instructions	instruction	NOUN
cblr-2961	301	15	to	to	PART
cblr-2961	301	16	foster	foster	VERB
cblr-2961	301	17	local	local	ADJ
cblr-2961	301	18	economic	economic	ADJ
cblr-2961	301	19	development	development	NOUN
cblr-2961	301	20	)	)	PUNCT
cblr-2961	301	21	.	.	PUNCT
cblr-2961	302	1	9	9	NUM
cblr-2961	302	2	kahan	kahan	PROPN
cblr-2961	302	3	&	&	CCONJ
cblr-2961	302	4	rock	rock	PROPN
cblr-2961	302	5	,	,	PUNCT
cblr-2961	302	6	supra	supra	PROPN
cblr-2961	302	7	note	note	NOUN
cblr-2961	302	8	30	30	NUM
cblr-2961	302	9	,	,	PUNCT
cblr-2961	302	10	at	at	ADP
cblr-2961	302	11	1061	1061	NUM
cblr-2961	302	12	.	.	PUNCT
cblr-2961	303	1	13	13	NUM
cblr-2961	303	2	however	however	ADV
cblr-2961	303	3	,	,	PUNCT
cblr-2961	303	4	this	this	DET
cblr-2961	303	5	note	note	NOUN
cblr-2961	303	6	does	do	AUX
cblr-2961	303	7	not	not	PART
cblr-2961	303	8	argue	argue	VERB
cblr-2961	303	9	that	that	SCONJ
cblr-2961	303	10	it	it	PRON
cblr-2961	303	11	is	be	AUX
cblr-2961	303	12	always	always	ADV
cblr-2961	303	13	a	a	DET
cblr-2961	303	14	good	good	ADJ
cblr-2961	303	15	thing	thing	NOUN
cblr-2961	303	16	for	for	SCONJ
cblr-2961	303	17	a	a	DET
cblr-2961	303	18	public	public	ADJ
cblr-2961	303	19	pension	pension	NOUN
cblr-2961	303	20	fund	fund	NOUN
cblr-2961	303	21	to	to	PART
cblr-2961	303	22	be	be	AUX
cblr-2961	303	23	aggressive	aggressive	ADJ
cblr-2961	303	24	.	.	PUNCT
cblr-2961	304	1	public	public	ADJ
cblr-2961	304	2	pension	pension	NOUN
cblr-2961	304	3	fund	fund	NOUN
cblr-2961	304	4	managers	manager	NOUN
cblr-2961	304	5	may	may	AUX
cblr-2961	304	6	simply	simply	ADV
cblr-2961	304	7	choose	choose	VERB
cblr-2961	304	8	not	not	PART
cblr-2961	304	9	to	to	PART
cblr-2961	304	10	take	take	VERB
cblr-2961	304	11	serious	serious	ADJ
cblr-2961	304	12	risks	risk	NOUN
cblr-2961	304	13	.	.	PUNCT
cblr-2961	305	1	after	after	ADV
cblr-2961	305	2	all	all	ADV
cblr-2961	305	3	,	,	PUNCT
cblr-2961	305	4	pension	pension	NOUN
cblr-2961	305	5	funds	fund	NOUN
cblr-2961	305	6	'	'	PART
cblr-2961	305	7	investors	investor	NOUN
cblr-2961	305	8	are	be	AUX
cblr-2961	305	9	not	not	PART
cblr-2961	305	10	wealthy	wealthy	ADJ
cblr-2961	305	11	individuals	individual	NOUN
cblr-2961	305	12	or	or	CCONJ
cblr-2961	305	13	institutional	institutional	ADJ
cblr-2961	305	14	investors	investor	NOUN
cblr-2961	305	15	who	who	PRON
cblr-2961	305	16	are	be	AUX
cblr-2961	305	17	willing	willing	ADJ
cblr-2961	305	18	to	to	PART
cblr-2961	305	19	pursue	pursue	VERB
cblr-2961	305	20	higher	high	ADJ
cblr-2961	305	21	financial	financial	ADJ
cblr-2961	305	22	return	return	NOUN
cblr-2961	305	23	at	at	ADP
cblr-2961	305	24	a	a	DET
cblr-2961	305	25	higher	high	ADJ
cblr-2961	305	26	risk	risk	NOUN
cblr-2961	305	27	.	.	PUNCT
cblr-2961	306	1	the	the	DET
cblr-2961	306	2	author	author	NOUN
cblr-2961	306	3	only	only	ADV
cblr-2961	306	4	emphasizes	emphasize	VERB
cblr-2961	306	5	the	the	DET
cblr-2961	306	6	reality	reality	NOUN
cblr-2961	306	7	that	that	SCONJ
cblr-2961	306	8	the	the	DET
cblr-2961	306	9	political	political	ADJ
cblr-2961	306	10	process	process	NOUN
cblr-2961	306	11	offers	offer	VERB
cblr-2961	306	12	an	an	DET
cblr-2961	306	13	additional	additional	ADJ
cblr-2961	306	14	disincentive	disincentive	ADJ
cblr-2961	306	15	to	to	ADP
cblr-2961	306	16	aggressive	aggressive	ADJ
cblr-2961	306	17	activism	activism	NOUN
cblr-2961	306	18	.	.	PUNCT
cblr-2961	307	1	9	9	NUM
cblr-2961	307	2	"	"	PUNCT
cblr-2961	307	3	see	see	NOUN
cblr-2961	307	4	,	,	PUNCT
cblr-2961	307	5	e.g.	e.g.	ADV
cblr-2961	307	6	,	,	PUNCT
cblr-2961	307	7	william	william	PROPN
cblr-2961	307	8	w.	w.	PROPN
cblr-2961	307	9	bratton	bratton	PROPN
cblr-2961	307	10	,	,	PUNCT
cblr-2961	307	11	hedge	hedge	NOUN
cblr-2961	307	12	funds	fund	NOUN
cblr-2961	307	13	and	and	CCONJ
cblr-2961	307	14	governance	governance	NOUN
cblr-2961	307	15	targets	target	NOUN
cblr-2961	307	16	,	,	PUNCT
cblr-2961	307	17	95	95	NUM
cblr-2961	307	18	geo	geo	PROPN
cblr-2961	307	19	.	.	PROPN
cblr-2961	307	20	l.	l.	PROPN
cblr-2961	307	21	j.	j.	PROPN
cblr-2961	307	22	1375	1375	NUM
cblr-2961	307	23	(	(	PUNCT
cblr-2961	307	24	2007	2007	NUM
cblr-2961	307	25	)	)	PUNCT
cblr-2961	307	26	(	(	PUNCT
cblr-2961	307	27	introducing	introduce	VERB
cblr-2961	307	28	the	the	DET
cblr-2961	307	29	idea	idea	NOUN
cblr-2961	307	30	of	of	ADP
cblr-2961	307	31	hedge	hedge	NOUN
cblr-2961	307	32	fund	fund	NOUN
cblr-2961	307	33	activism	activism	NOUN
cblr-2961	307	34	,	,	PUNCT
cblr-2961	307	35	its	its	PRON
cblr-2961	307	36	uniqueness	uniqueness	NOUN
cblr-2961	307	37	and	and	CCONJ
cblr-2961	307	38	explores	explore	VERB
cblr-2961	307	39	it	it	PRON
cblr-2961	307	40	potential	potential	ADJ
cblr-2961	307	41	problems	problem	NOUN
cblr-2961	307	42	)	)	PUNCT
cblr-2961	307	43	;	;	PUNCT
cblr-2961	307	44	brav	brav	PROPN
cblr-2961	307	45	et	et	PROPN
cblr-2961	307	46	al	al	PROPN
cblr-2961	307	47	.	.	PROPN
cblr-2961	307	48	,	,	PUNCT
cblr-2961	307	49	supra	supra	PROPN
cblr-2961	307	50	note	note	PROPN
cblr-2961	307	51	20	20	NUM
cblr-2961	307	52	(	(	PUNCT
cblr-2961	307	53	conducting	conduct	VERB
cblr-2961	307	54	empirical	empirical	ADJ
cblr-2961	307	55	survey	survey	NOUN
cblr-2961	307	56	of	of	ADP
cblr-2961	307	57	hedge	hedge	NOUN
cblr-2961	307	58	funds	fund	NOUN
cblr-2961	307	59	'	'	PART
cblr-2961	307	60	behavior	behavior	NOUN
cblr-2961	307	61	and	and	CCONJ
cblr-2961	307	62	the	the	DET
cblr-2961	307	63	market	market	NOUN
cblr-2961	307	64	's	's	PART
cblr-2961	307	65	reaction	reaction	NOUN
cblr-2961	307	66	)	)	PUNCT
cblr-2961	307	67	;	;	PUNCT
cblr-2961	307	68	thomas	thomas	PROPN
cblr-2961	307	69	w.	w.	PROPN
cblr-2961	307	70	briggs	briggs	PROPN
cblr-2961	307	71	,	,	PUNCT
cblr-2961	307	72	corporate	corporate	ADJ
cblr-2961	307	73	governance	governance	NOUN
cblr-2961	307	74	and	and	CCONJ
cblr-2961	307	75	the	the	DET
cblr-2961	307	76	new	new	ADJ
cblr-2961	307	77	hedge	hedge	NOUN
cblr-2961	307	78	fund	fund	NOUN
cblr-2961	307	79	activism	activism	NOUN
cblr-2961	307	80	:	:	PUNCT
cblr-2961	307	81	an	an	DET
cblr-2961	307	82	empirical	empirical	ADJ
cblr-2961	307	83	analysis	analysis	NOUN
cblr-2961	307	84	,	,	PUNCT
cblr-2961	307	85	32	32	NUM
cblr-2961	307	86	iowa	iowa	PROPN
cblr-2961	307	87	j.	j.	PROPN
cblr-2961	307	88	corp	corp	PROPN
cblr-2961	307	89	.	.	PROPN
cblr-2961	307	90	l.	l.	PROPN
cblr-2961	307	91	681	681	NUM
cblr-2961	307	92	(	(	PUNCT
cblr-2961	307	93	2007	2007	NUM
cblr-2961	307	94	)	)	PUNCT
cblr-2961	307	95	(	(	PUNCT
cblr-2961	307	96	conducting	conduct	VERB
cblr-2961	307	97	an	an	DET
cblr-2961	307	98	empirical	empirical	ADJ
cblr-2961	307	99	survey	survey	NOUN
cblr-2961	307	100	of	of	ADP
cblr-2961	307	101	hedge	hedge	NOUN
cblr-2961	307	102	funds	fund	NOUN
cblr-2961	307	103	'	'	PART
cblr-2961	307	104	behavior	behavior	NOUN
cblr-2961	307	105	)	)	PUNCT
cblr-2961	307	106	;	;	PUNCT
cblr-2961	307	107	kahan	kahan	PROPN
cblr-2961	307	108	&	&	CCONJ
cblr-2961	307	109	rock	rock	PROPN
cblr-2961	307	110	,	,	PUNCT
cblr-2961	307	111	supra	supra	PROPN
cblr-2961	307	112	note	note	PROPN
cblr-2961	307	113	30	30	NUM
cblr-2961	307	114	(	(	PUNCT
cblr-2961	307	115	exploring	explore	VERB
cblr-2961	307	116	the	the	DET
cblr-2961	307	117	problems	problem	NOUN
cblr-2961	307	118	of	of	ADP
cblr-2961	307	119	hedge	hedge	NOUN
cblr-2961	307	120	find	find	VERB
cblr-2961	307	121	activism	activism	NOUN
cblr-2961	307	122	extensively	extensively	ADV
cblr-2961	307	123	)	)	PUNCT
cblr-2961	307	124	.	.	PUNCT
cblr-2961	308	1	col	col	PROPN
cblr-2961	308	2	umia	umia	PROPN
cblr-2961	308	3	b	b	PROPN
cblr-2961	308	4	usiness	usiness	NOUN
cblr-2961	308	5	l4aw	l4aw	PUNCT
cblr-2961	308	6	re	re	X
cblr-2961	308	7	vie	vie	PROPN
cblr-2961	308	8	w	w	PROPN
cblr-2961	308	9	(	(	PUNCT
cblr-2961	308	10	vol	vol	NOUN
cblr-2961	308	11	.	.	NOUN
cblr-2961	308	12	2008	2008	NUM
cblr-2961	308	13	a.	a.	NOUN
cblr-2961	308	14	short	short	PROPN
cblr-2961	308	15	-	-	PUNCT
cblr-2961	308	16	termism	termism	NOUN
cblr-2961	308	17	of	of	ADP
cblr-2961	308	18	hedge	hedge	NOUN
cblr-2961	308	19	funds	fund	NOUN
cblr-2961	308	20	short	short	ADJ
cblr-2961	308	21	-	-	PUNCT
cblr-2961	308	22	termism	termism	NOUN
cblr-2961	308	23	describes	describe	VERB
cblr-2961	308	24	a	a	DET
cblr-2961	308	25	phenomenon	phenomenon	NOUN
cblr-2961	308	26	that	that	PRON
cblr-2961	308	27	occurs	occur	VERB
cblr-2961	308	28	when	when	SCONJ
cblr-2961	308	29	an	an	DET
cblr-2961	308	30	investor	investor	NOUN
cblr-2961	308	31	owns	own	VERB
cblr-2961	308	32	equity	equity	NOUN
cblr-2961	308	33	in	in	ADP
cblr-2961	308	34	a	a	DET
cblr-2961	308	35	company	company	NOUN
cblr-2961	308	36	for	for	ADP
cblr-2961	308	37	a	a	DET
cblr-2961	308	38	short	short	ADJ
cblr-2961	308	39	period	period	NOUN
cblr-2961	308	40	of	of	ADP
cblr-2961	308	41	time	time	NOUN
cblr-2961	308	42	and	and	CCONJ
cblr-2961	308	43	therefore	therefore	ADV
cblr-2961	308	44	is	be	AUX
cblr-2961	308	45	not	not	PART
cblr-2961	308	46	fit	fit	ADJ
cblr-2961	308	47	to	to	PART
cblr-2961	308	48	participate	participate	VERB
cblr-2961	308	49	in	in	ADP
cblr-2961	308	50	the	the	DET
cblr-2961	308	51	long	long	ADJ
cblr-2961	308	52	-	-	PUNCT
cblr-2961	308	53	term	term	NOUN
cblr-2961	308	54	business	business	NOUN
cblr-2961	308	55	decisions	decision	NOUN
cblr-2961	308	56	of	of	ADP
cblr-2961	308	57	that	that	DET
cblr-2961	308	58	company.95	company.95	NOUN
cblr-2961	308	59	some	some	DET
cblr-2961	308	60	commentators	commentator	NOUN
cblr-2961	308	61	believe	believe	VERB
cblr-2961	308	62	that	that	SCONJ
cblr-2961	308	63	hedge	hedge	NOUN
cblr-2961	308	64	funds	fund	NOUN
cblr-2961	308	65	act	act	VERB
cblr-2961	308	66	as	as	ADP
cblr-2961	308	67	extremely	extremely	ADV
cblr-2961	308	68	short	short	ADJ
cblr-2961	308	69	-	-	PUNCT
cblr-2961	308	70	term	term	NOUN
cblr-2961	308	71	investors	investor	NOUN
cblr-2961	308	72	,	,	PUNCT
cblr-2961	308	73	focusing	focus	VERB
cblr-2961	308	74	on	on	ADP
cblr-2961	308	75	short	short	ADJ
cblr-2961	308	76	-	-	PUNCT
cblr-2961	308	77	term	term	NOUN
cblr-2961	308	78	profit	profit	NOUN
cblr-2961	308	79	at	at	ADP
cblr-2961	308	80	the	the	DET
cblr-2961	308	81	cost	cost	NOUN
cblr-2961	308	82	of	of	ADP
cblr-2961	308	83	the	the	DET
cblr-2961	308	84	long	long	ADJ
cblr-2961	308	85	-	-	PUNCT
cblr-2961	308	86	term	term	NOUN
cblr-2961	308	87	development	development	NOUN
cblr-2961	308	88	of	of	ADP
cblr-2961	308	89	the	the	DET
cblr-2961	308	90	company.9	company.9	PROPN
cblr-2961	308	91	6	6	NUM
cblr-2961	308	92	pursuits	pursuit	NOUN
cblr-2961	308	93	of	of	ADP
cblr-2961	308	94	shortterm	shortterm	PROPN
cblr-2961	308	95	interest	interest	NOUN
cblr-2961	308	96	are	be	AUX
cblr-2961	308	97	not	not	PART
cblr-2961	308	98	necessarily	necessarily	ADV
cblr-2961	308	99	in	in	ADP
cblr-2961	308	100	conflict	conflict	NOUN
cblr-2961	308	101	with	with	ADP
cblr-2961	308	102	long	long	ADJ
cblr-2961	308	103	-	-	PUNCT
cblr-2961	308	104	term	term	NOUN
cblr-2961	308	105	wealth	wealth	NOUN
cblr-2961	308	106	creation	creation	NOUN
cblr-2961	308	107	;	;	PUNCT
cblr-2961	308	108	these	these	DET
cblr-2961	308	109	commentators	commentator	NOUN
cblr-2961	308	110	'	'	PART
cblr-2961	308	111	concern	concern	NOUN
cblr-2961	308	112	arises	arise	VERB
cblr-2961	308	113	only	only	ADV
cblr-2961	308	114	when	when	SCONJ
cblr-2961	308	115	short	short	ADJ
cblr-2961	308	116	-	-	PUNCT
cblr-2961	308	117	term	term	NOUN
cblr-2961	308	118	interest	interest	NOUN
cblr-2961	308	119	conflicts	conflict	NOUN
cblr-2961	308	120	with	with	ADP
cblr-2961	308	121	the	the	DET
cblr-2961	308	122	company	company	NOUN
cblr-2961	308	123	's	's	PART
cblr-2961	308	124	long	long	ADJ
cblr-2961	308	125	term	term	NOUN
cblr-2961	308	126	interest	interest	NOUN
cblr-2961	308	127	and	and	CCONJ
cblr-2961	308	128	the	the	DET
cblr-2961	308	129	latter	latter	ADJ
cblr-2961	308	130	outweighs	outweigh	VERB
cblr-2961	308	131	the	the	DET
cblr-2961	308	132	former	former	ADJ
cblr-2961	308	133	.	.	PROPN
cblr-2961	308	134	9	9	NUM
cblr-2961	309	1	but	but	CCONJ
cblr-2961	309	2	the	the	DET
cblr-2961	309	3	real	real	ADJ
cblr-2961	309	4	difficulty	difficulty	NOUN
cblr-2961	309	5	comes	come	VERB
cblr-2961	309	6	from	from	ADP
cblr-2961	309	7	the	the	DET
cblr-2961	309	8	almost	almost	ADV
cblr-2961	309	9	impossible	impossible	ADJ
cblr-2961	309	10	mission	mission	NOUN
cblr-2961	309	11	of	of	ADP
cblr-2961	309	12	quantifying	quantify	VERB
cblr-2961	309	13	the	the	DET
cblr-2961	309	14	short	short	ADJ
cblr-2961	309	15	-	-	PUNCT
cblr-2961	309	16	term	term	NOUN
cblr-2961	309	17	and	and	CCONJ
cblr-2961	309	18	long	long	ADJ
cblr-2961	309	19	-	-	PUNCT
cblr-2961	309	20	term	term	NOUN
cblr-2961	309	21	interest	interest	NOUN
cblr-2961	309	22	in	in	ADP
cblr-2961	309	23	order	order	NOUN
cblr-2961	309	24	to	to	PART
cblr-2961	309	25	make	make	VERB
cblr-2961	309	26	a	a	DET
cblr-2961	309	27	comparison.9	comparison.9	NOUN
cblr-2961	309	28	"	"	PUNCT
cblr-2961	309	29	9	9	NUM
cblr-2961	309	30	'	'	PUNCT
cblr-2961	309	31	see	see	NOUN
cblr-2961	309	32	,	,	PUNCT
cblr-2961	309	33	e.g.	e.g.	ADV
cblr-2961	309	34	,	,	PUNCT
cblr-2961	309	35	jayne	jayne	PROPN
cblr-2961	309	36	w.	w.	PROPN
cblr-2961	309	37	barnard	barnard	PROPN
cblr-2961	309	38	,	,	PUNCT
cblr-2961	309	39	shareholder	shareholder	NOUN
cblr-2961	309	40	access	access	NOUN
cblr-2961	309	41	to	to	ADP
cblr-2961	309	42	the	the	DET
cblr-2961	309	43	proxy	proxy	NOUN
cblr-2961	309	44	revisited	revisit	VERB
cblr-2961	309	45	,	,	PUNCT
cblr-2961	309	46	40	40	NUM
cblr-2961	309	47	cath	cath	NOUN
cblr-2961	309	48	.	.	PUNCT
cblr-2961	310	1	u.	u.	PROPN
cblr-2961	310	2	l.	l.	PROPN
cblr-2961	310	3	rev	rev	PROPN
cblr-2961	310	4	.	.	PROPN
cblr-2961	310	5	37	37	NUM
cblr-2961	310	6	,	,	PUNCT
cblr-2961	310	7	40	40	NUM
cblr-2961	310	8	-	-	SYM
cblr-2961	310	9	41	41	NUM
cblr-2961	310	10	(	(	PUNCT
cblr-2961	310	11	1990	1990	NUM
cblr-2961	310	12	)	)	PUNCT
cblr-2961	311	1	(	(	PUNCT
cblr-2961	311	2	mentioning	mention	VERB
cblr-2961	311	3	that	that	PRON
cblr-2961	311	4	corporate	corporate	ADJ
cblr-2961	311	5	managers	manager	NOUN
cblr-2961	311	6	and	and	CCONJ
cblr-2961	311	7	contractarian	contractarian	ADJ
cblr-2961	311	8	scholars	scholar	NOUN
cblr-2961	311	9	believe	believe	VERB
cblr-2961	311	10	when	when	SCONJ
cblr-2961	311	11	shareholders	shareholder	NOUN
cblr-2961	311	12	are	be	AUX
cblr-2961	311	13	"	"	PUNCT
cblr-2961	311	14	transfixed	transfix	VERB
cblr-2961	311	15	with	with	ADP
cblr-2961	311	16	short	short	ADJ
cblr-2961	311	17	-	-	PUNCT
cblr-2961	311	18	termism	termism	NOUN
cblr-2961	311	19	,	,	PUNCT
cblr-2961	311	20	they	they	PRON
cblr-2961	311	21	are	be	AUX
cblr-2961	311	22	inappropriate	inappropriate	ADJ
cblr-2961	311	23	participants	participant	NOUN
cblr-2961	311	24	in	in	ADP
cblr-2961	311	25	long	long	ADJ
cblr-2961	311	26	-	-	PUNCT
cblr-2961	311	27	term	term	NOUN
cblr-2961	311	28	governance	governance	NOUN
cblr-2961	311	29	decisions	decision	NOUN
cblr-2961	311	30	"	"	PUNCT
cblr-2961	311	31	)	)	PUNCT
cblr-2961	311	32	.	.	PUNCT
cblr-2961	312	1	96	96	NUM
cblr-2961	312	2	see	see	VERB
cblr-2961	312	3	,	,	PUNCT
cblr-2961	312	4	e.g.	e.g.	ADV
cblr-2961	312	5	,	,	PUNCT
cblr-2961	312	6	martin	martin	PROPN
cblr-2961	312	7	lipton	lipton	PROPN
cblr-2961	312	8	&	&	CCONJ
cblr-2961	312	9	william	william	PROPN
cblr-2961	312	10	savitt	savitt	VERB
cblr-2961	312	11	,	,	PUNCT
cblr-2961	312	12	the	the	DET
cblr-2961	312	13	many	many	ADJ
cblr-2961	312	14	myths	myth	NOUN
cblr-2961	312	15	of	of	ADP
cblr-2961	312	16	lucian	lucian	PROPN
cblr-2961	312	17	bebchuk	bebchuk	PROPN
cblr-2961	312	18	,	,	PUNCT
cblr-2961	312	19	93	93	NUM
cblr-2961	312	20	va	va	NOUN
cblr-2961	312	21	.	.	PUNCT
cblr-2961	313	1	l.	l.	PROPN
cblr-2961	313	2	rev	rev	PROPN
cblr-2961	313	3	.	.	PROPN
cblr-2961	313	4	733	733	NUM
cblr-2961	313	5	,	,	PUNCT
cblr-2961	313	6	746	746	NUM
cblr-2961	313	7	(	(	PUNCT
cblr-2961	313	8	2007	2007	NUM
cblr-2961	313	9	)	)	PUNCT
cblr-2961	313	10	(	(	PUNCT
cblr-2961	313	11	"	"	PUNCT
cblr-2961	313	12	[	[	PUNCT
cblr-2961	313	13	clertain	clertain	VERB
cblr-2961	313	14	vocal	vocal	ADJ
cblr-2961	313	15	shareholders	shareholder	NOUN
cblr-2961	313	16	,	,	PUNCT
cblr-2961	313	17	notably	notably	ADV
cblr-2961	313	18	hedge	hedge	NOUN
cblr-2961	313	19	funds	fund	NOUN
cblr-2961	313	20	and	and	CCONJ
cblr-2961	313	21	arbitrageurs	arbitrageur	NOUN
cblr-2961	313	22	,	,	PUNCT
cblr-2961	313	23	invest	invest	VERB
cblr-2961	313	24	over	over	ADP
cblr-2961	313	25	much	much	ADV
cblr-2961	313	26	shorter	short	ADJ
cblr-2961	313	27	time	time	NOUN
cblr-2961	313	28	horizons	horizon	NOUN
cblr-2961	314	1	'	'	PUNCT
cblr-2961	314	2	they	they	PRON
cblr-2961	314	3	are	be	AUX
cblr-2961	314	4	primarily	primarily	ADV
cblr-2961	314	5	financial	financial	ADJ
cblr-2961	314	6	engineers	engineer	NOUN
cblr-2961	314	7	interested	interested	ADJ
cblr-2961	314	8	in	in	ADP
cblr-2961	314	9	the	the	DET
cblr-2961	314	10	largest	large	ADJ
cblr-2961	314	11	possible	possible	ADJ
cblr-2961	314	12	profit	profit	NOUN
cblr-2961	314	13	in	in	ADP
cblr-2961	314	14	the	the	DET
cblr-2961	314	15	shortest	short	ADJ
cblr-2961	314	16	period	period	NOUN
cblr-2961	314	17	of	of	ADP
cblr-2961	314	18	time	time	NOUN
cblr-2961	314	19	,	,	PUNCT
cblr-2961	314	20	'	'	PUNCT
cblr-2961	314	21	who	who	PRON
cblr-2961	314	22	usually	usually	ADV
cblr-2961	314	23	maintain	maintain	VERB
cblr-2961	314	24	'	'	PUNCT
cblr-2961	314	25	laser	laser	NOUN
cblr-2961	314	26	-	-	PUNCT
cblr-2961	314	27	beam	beam	NOUN
cblr-2961	314	28	focus	focus	NOUN
cblr-2961	314	29	on	on	ADP
cblr-2961	314	30	quarter	quarter	NOUN
cblr-2961	314	31	-	-	PUNCT
cblr-2961	314	32	to	to	ADP
cblr-2961	314	33	-	-	PUNCT
cblr-2961	314	34	quarter	quarter	NOUN
cblr-2961	314	35	earnings	earning	NOUN
cblr-2961	314	36	..	..	PUNCT
cblr-2961	314	37	.	.	PUNCT
cblr-2961	314	38	.	.	PUNCT
cblr-2961	314	39	'	'	PUNCT
cblr-2961	315	1	"	"	PUNCT
cblr-2961	315	2	)	)	PUNCT
cblr-2961	315	3	;	;	PUNCT
cblr-2961	315	4	alistair	alistair	PROPN
cblr-2961	315	5	macdonald	macdonald	PROPN
cblr-2961	315	6	,	,	PUNCT
cblr-2961	315	7	activist	activist	ADJ
cblr-2961	315	8	hedge	hedge	NOUN
cblr-2961	315	9	funds	fund	NOUN
cblr-2961	315	10	take	take	VERB
cblr-2961	315	11	fight	fight	NOUN
cblr-2961	315	12	to	to	ADP
cblr-2961	315	13	europe	europe	PROPN
cblr-2961	315	14	-	-	PUNCT
cblr-2961	315	15	dutch	dutch	PROPN
cblr-2961	315	16	case	case	NOUN
cblr-2961	315	17	tests	test	VERB
cblr-2961	315	18	ability	ability	NOUN
cblr-2961	315	19	to	to	PART
cblr-2961	315	20	demand	demand	VERB
cblr-2961	315	21	changes	change	NOUN
cblr-2961	315	22	by	by	ADP
cblr-2961	315	23	firms	firm	NOUN
cblr-2961	315	24	,	,	PUNCT
cblr-2961	315	25	wall	wall	PROPN
cblr-2961	315	26	st	st	PROPN
cblr-2961	315	27	.	.	PROPN
cblr-2961	315	28	j.	j.	PROPN
cblr-2961	315	29	,	,	PUNCT
cblr-2961	315	30	jan	jan	PROPN
cblr-2961	315	31	.	.	PROPN
cblr-2961	315	32	17	17	NUM
cblr-2961	315	33	,	,	PUNCT
cblr-2961	315	34	2007	2007	NUM
cblr-2961	315	35	,	,	PUNCT
cblr-2961	315	36	at	at	ADP
cblr-2961	315	37	c5	c5	PROPN
cblr-2961	315	38	(	(	PUNCT
cblr-2961	315	39	"	"	PUNCT
cblr-2961	315	40	some	some	DET
cblr-2961	315	41	politicians	politician	NOUN
cblr-2961	315	42	and	and	CCONJ
cblr-2961	315	43	regulators	regulator	NOUN
cblr-2961	315	44	say	say	VERB
cblr-2961	315	45	they	they	PRON
cblr-2961	315	46	worry	worry	VERB
cblr-2961	315	47	that	that	SCONJ
cblr-2961	315	48	funds	fund	NOUN
cblr-2961	315	49	are	be	AUX
cblr-2961	315	50	short	short	ADJ
cblr-2961	315	51	-	-	PUNCT
cblr-2961	315	52	term	term	NOUN
cblr-2961	315	53	investors	investor	NOUN
cblr-2961	315	54	out	out	ADP
cblr-2961	315	55	to	to	PART
cblr-2961	315	56	turn	turn	VERB
cblr-2961	315	57	a	a	DET
cblr-2961	315	58	quick	quick	ADJ
cblr-2961	315	59	profit	profit	NOUN
cblr-2961	315	60	by	by	ADP
cblr-2961	315	61	dismantling	dismantle	VERB
cblr-2961	315	62	a	a	DET
cblr-2961	315	63	company	company	NOUN
cblr-2961	315	64	.	.	PUNCT
cblr-2961	315	65	"	"	PUNCT
cblr-2961	315	66	)	)	PUNCT
cblr-2961	315	67	.	.	PUNCT
cblr-2961	316	1	"	"	PUNCT
cblr-2961	316	2	kahan	kahan	PROPN
cblr-2961	316	3	&	&	CCONJ
cblr-2961	316	4	rock	rock	PROPN
cblr-2961	316	5	,	,	PUNCT
cblr-2961	316	6	supra	supra	PROPN
cblr-2961	316	7	note	note	NOUN
cblr-2961	316	8	30	30	NUM
cblr-2961	316	9	,	,	PUNCT
cblr-2961	316	10	at	at	ADP
cblr-2961	316	11	1088	1088	NUM
cblr-2961	316	12	(	(	PUNCT
cblr-2961	316	13	doubting	doubt	VERB
cblr-2961	316	14	whether	whether	SCONJ
cblr-2961	316	15	the	the	DET
cblr-2961	316	16	"	"	PUNCT
cblr-2961	316	17	short	short	ADJ
cblr-2961	316	18	-	-	PUNCT
cblr-2961	316	19	term	term	NOUN
cblr-2961	316	20	payoff	payoff	NOUN
cblr-2961	316	21	preferred	prefer	VERB
cblr-2961	316	22	by	by	ADP
cblr-2961	316	23	hedge	hedge	NOUN
cblr-2961	316	24	funds	fund	NOUN
cblr-2961	317	1	[	[	X
cblr-2961	317	2	is	be	AUX
cblr-2961	317	3	]	]	PUNCT
cblr-2961	317	4	sometimes	sometimes	ADV
cblr-2961	317	5	the	the	DET
cblr-2961	317	6	more	more	ADV
cblr-2961	317	7	valuable	valuable	ADJ
cblr-2961	317	8	one	one	NOUN
cblr-2961	317	9	"	"	PUNCT
cblr-2961	317	10	)	)	PUNCT
cblr-2961	317	11	.	.	PUNCT
cblr-2961	318	1	from	from	ADP
cblr-2961	318	2	a	a	DET
cblr-2961	318	3	cost	cost	NOUN
cblr-2961	318	4	-	-	PUNCT
cblr-2961	318	5	benefit	benefit	NOUN
cblr-2961	318	6	point	point	NOUN
cblr-2961	318	7	of	of	ADP
cblr-2961	318	8	view	view	NOUN
cblr-2961	318	9	,	,	PUNCT
cblr-2961	318	10	if	if	SCONJ
cblr-2961	318	11	the	the	DET
cblr-2961	318	12	increase	increase	NOUN
cblr-2961	318	13	in	in	ADP
cblr-2961	318	14	the	the	DET
cblr-2961	318	15	short	short	ADJ
cblr-2961	318	16	-	-	PUNCT
cblr-2961	318	17	term	term	NOUN
cblr-2961	318	18	profit	profit	NOUN
cblr-2961	318	19	exactly	exactly	ADV
cblr-2961	318	20	offsets	offset	VERB
cblr-2961	318	21	the	the	DET
cblr-2961	318	22	decrease	decrease	NOUN
cblr-2961	318	23	of	of	ADP
cblr-2961	318	24	the	the	DET
cblr-2961	318	25	long	long	ADJ
cblr-2961	318	26	-	-	PUNCT
cblr-2961	318	27	term	term	NOUN
cblr-2961	318	28	interests	interest	NOUN
cblr-2961	318	29	,	,	PUNCT
cblr-2961	318	30	we	we	PRON
cblr-2961	318	31	should	should	AUX
cblr-2961	318	32	be	be	AUX
cblr-2961	318	33	indifferent	indifferent	ADJ
cblr-2961	318	34	.	.	PUNCT
cblr-2961	319	1	therefore	therefore	ADV
cblr-2961	319	2	,	,	PUNCT
cblr-2961	319	3	this	this	DET
cblr-2961	319	4	note	note	NOUN
cblr-2961	319	5	only	only	ADV
cblr-2961	319	6	cares	care	VERB
cblr-2961	319	7	about	about	ADP
cblr-2961	319	8	hedge	hedge	NOUN
cblr-2961	319	9	fund	fund	NOUN
cblr-2961	319	10	's	's	PART
cblr-2961	319	11	pursuit	pursuit	NOUN
cblr-2961	319	12	for	for	ADP
cblr-2961	319	13	short	short	ADJ
cblr-2961	319	14	-	-	PUNCT
cblr-2961	319	15	term	term	NOUN
cblr-2961	319	16	interests	interest	NOUN
cblr-2961	319	17	that	that	PRON
cblr-2961	319	18	decrease	decrease	VERB
cblr-2961	319	19	the	the	DET
cblr-2961	319	20	overall	overall	ADJ
cblr-2961	319	21	value	value	NOUN
cblr-2961	319	22	of	of	ADP
cblr-2961	319	23	the	the	DET
cblr-2961	319	24	target	target	NOUN
cblr-2961	319	25	company	company	NOUN
cblr-2961	319	26	.	.	PUNCT
cblr-2961	320	1	98	98	NUM
cblr-2961	320	2	for	for	ADP
cblr-2961	320	3	example	example	NOUN
cblr-2961	320	4	,	,	PUNCT
cblr-2961	320	5	it	it	PRON
cblr-2961	320	6	is	be	AUX
cblr-2961	320	7	hard	hard	ADJ
cblr-2961	320	8	to	to	PART
cblr-2961	320	9	evaluate	evaluate	VERB
cblr-2961	320	10	whether	whether	SCONJ
cblr-2961	320	11	a	a	DET
cblr-2961	320	12	certain	certain	ADJ
cblr-2961	320	13	r&d	r&d	NOUN
cblr-2961	320	14	investment	investment	NOUN
cblr-2961	320	15	is	be	AUX
cblr-2961	320	16	going	go	VERB
cblr-2961	320	17	to	to	PART
cblr-2961	320	18	succeed	succeed	VERB
cblr-2961	320	19	in	in	ADP
cblr-2961	320	20	the	the	DET
cblr-2961	320	21	future	future	NOUN
cblr-2961	320	22	and	and	CCONJ
cblr-2961	320	23	how	how	SCONJ
cblr-2961	320	24	much	much	ADJ
cblr-2961	320	25	profit	profit	NOUN
cblr-2961	320	26	it	it	PRON
cblr-2961	320	27	will	will	AUX
cblr-2961	320	28	generate	generate	VERB
cblr-2961	320	29	.	.	PUNCT
cblr-2961	321	1	no	no	INTJ
cblr-2961	321	2	.	.	PUNCT
cblr-2961	322	1	2:7241	2:7241	NUM
cblr-2961	322	2	hedge	hedge	NOUN
cblr-2961	322	3	fund	fund	NOUN
cblr-2961	322	4	activism	activism	NOUN
cblr-2961	322	5	commentators	commentator	NOUN
cblr-2961	322	6	and	and	CCONJ
cblr-2961	322	7	practitioners	practitioner	NOUN
cblr-2961	322	8	sharply	sharply	ADV
cblr-2961	322	9	disagree	disagree	VERB
cblr-2961	322	10	with	with	ADP
cblr-2961	322	11	respect	respect	NOUN
cblr-2961	322	12	to	to	ADP
cblr-2961	322	13	whether	whether	SCONJ
cblr-2961	322	14	hedge	hedge	NOUN
cblr-2961	322	15	fund	fund	NOUN
cblr-2961	322	16	short	short	ADJ
cblr-2961	322	17	-	-	PUNCT
cblr-2961	322	18	termism	termism	NOUN
cblr-2961	322	19	generates	generate	VERB
cblr-2961	322	20	a	a	DET
cblr-2961	322	21	serious	serious	ADJ
cblr-2961	322	22	problem.99	problem.99	NOUN
cblr-2961	322	23	while	while	SCONJ
cblr-2961	322	24	some	some	PRON
cblr-2961	322	25	argue	argue	VERB
cblr-2961	322	26	that	that	SCONJ
cblr-2961	322	27	this	this	DET
cblr-2961	322	28	behavior	behavior	NOUN
cblr-2961	322	29	will	will	AUX
cblr-2961	322	30	have	have	VERB
cblr-2961	322	31	negative	negative	ADJ
cblr-2961	322	32	consequences	consequence	NOUN
cblr-2961	322	33	in	in	ADP
cblr-2961	322	34	the	the	DET
cblr-2961	322	35	market	market	NOUN
cblr-2961	322	36	,	,	PUNCT
cblr-2961	322	37	100	100	NUM
cblr-2961	322	38	others	other	NOUN
cblr-2961	322	39	characterize	characterize	VERB
cblr-2961	322	40	the	the	DET
cblr-2961	322	41	attack	attack	NOUN
cblr-2961	322	42	as	as	ADP
cblr-2961	322	43	a	a	DET
cblr-2961	322	44	"	"	PUNCT
cblr-2961	322	45	debater	debater	NOUN
cblr-2961	322	46	's	's	PART
cblr-2961	322	47	weapon	weapon	NOUN
cblr-2961	322	48	"	"	PUNCT
cblr-2961	322	49	used	use	VERB
cblr-2961	322	50	to	to	PART
cblr-2961	322	51	defend	defend	VERB
cblr-2961	322	52	underperforming	underperform	VERB
cblr-2961	322	53	corporate	corporate	ADJ
cblr-2961	322	54	managers	manager	NOUN
cblr-2961	322	55	.	.	PUNCT
cblr-2961	322	56	'	'	PUNCT
cblr-2961	323	1	strong	strong	ADJ
cblr-2961	323	2	opponents	opponent	NOUN
cblr-2961	323	3	of	of	ADP
cblr-2961	323	4	hedge	hedge	NOUN
cblr-2961	323	5	fund	fund	NOUN
cblr-2961	323	6	activism	activism	NOUN
cblr-2961	323	7	,	,	PUNCT
cblr-2961	323	8	such	such	ADJ
cblr-2961	323	9	as	as	ADP
cblr-2961	323	10	martin	martin	PROPN
cblr-2961	323	11	lipton	lipton	PROPN
cblr-2961	323	12	of	of	ADP
cblr-2961	323	13	wachtell	wachtell	PROPN
cblr-2961	323	14	,	,	PUNCT
cblr-2961	323	15	lipton	lipton	PROPN
cblr-2961	323	16	,	,	PUNCT
cblr-2961	323	17	rosen	rosen	PROPN
cblr-2961	323	18	and	and	CCONJ
cblr-2961	323	19	katz	katz	PROPN
cblr-2961	323	20	,	,	PUNCT
cblr-2961	323	21	a	a	DET
cblr-2961	323	22	well	well	ADV
cblr-2961	323	23	known	know	VERB
cblr-2961	323	24	defender	defender	NOUN
cblr-2961	323	25	of	of	ADP
cblr-2961	323	26	incumbent	incumbent	ADJ
cblr-2961	323	27	management	management	NOUN
cblr-2961	323	28	,	,	PUNCT
cblr-2961	323	29	argue	argue	VERB
cblr-2961	323	30	that	that	SCONJ
cblr-2961	323	31	as	as	SCONJ
cblr-2961	323	32	hedge	hedge	NOUN
cblr-2961	323	33	funds	fund	NOUN
cblr-2961	323	34	invest	invest	VERB
cblr-2961	323	35	over	over	ADP
cblr-2961	323	36	much	much	ADV
cblr-2961	323	37	shorter	short	ADJ
cblr-2961	323	38	time	time	NOUN
cblr-2961	323	39	horizons	horizon	NOUN
cblr-2961	323	40	,	,	PUNCT
cblr-2961	323	41	they	they	PRON
cblr-2961	323	42	value	value	VERB
cblr-2961	323	43	a	a	DET
cblr-2961	323	44	short	short	ADJ
cblr-2961	323	45	-	-	PUNCT
cblr-2961	323	46	term	term	NOUN
cblr-2961	323	47	stock	stock	NOUN
cblr-2961	323	48	price	price	NOUN
cblr-2961	323	49	increase	increase	NOUN
cblr-2961	323	50	over	over	ADP
cblr-2961	323	51	long	long	ADJ
cblr-2961	323	52	-	-	PUNCT
cblr-2961	323	53	term	term	NOUN
cblr-2961	323	54	value	value	NOUN
cblr-2961	323	55	accumulation	accumulation	NOUN
cblr-2961	323	56	.	.	PUNCT
cblr-2961	323	57	'	'	PUNCT
cblr-2961	324	1	°	°	ADV
cblr-2961	324	2	2	2	NUM
cblr-2961	324	3	furthermore	furthermore	ADV
cblr-2961	324	4	,	,	PUNCT
cblr-2961	324	5	hedge	hedge	NOUN
cblr-2961	324	6	fund	fund	NOUN
cblr-2961	324	7	activists	activist	NOUN
cblr-2961	324	8	frustrate	frustrate	VERB
cblr-2961	324	9	the	the	DET
cblr-2961	324	10	board	board	NOUN
cblr-2961	324	11	's	's	PART
cblr-2961	324	12	obligation	obligation	NOUN
cblr-2961	324	13	to	to	PART
cblr-2961	324	14	manage	manage	VERB
cblr-2961	324	15	the	the	DET
cblr-2961	324	16	corporation	corporation	NOUN
cblr-2961	324	17	in	in	ADP
cblr-2961	324	18	a	a	DET
cblr-2961	324	19	direction	direction	NOUN
cblr-2961	324	20	of	of	ADP
cblr-2961	324	21	sustainable	sustainable	ADJ
cblr-2961	324	22	long	long	ADJ
cblr-2961	324	23	-	-	PUNCT
cblr-2961	324	24	term	term	NOUN
cblr-2961	324	25	growth	growth	NOUN
cblr-2961	324	26	because	because	SCONJ
cblr-2961	324	27	these	these	DET
cblr-2961	324	28	investors	investor	NOUN
cblr-2961	324	29	are	be	AUX
cblr-2961	324	30	not	not	PART
cblr-2961	324	31	long	long	ADJ
cblr-2961	324	32	-	-	PUNCT
cblr-2961	324	33	term	term	NOUN
cblr-2961	324	34	equity	equity	NOUN
cblr-2961	324	35	holders	holder	NOUN
cblr-2961	324	36	and	and	CCONJ
cblr-2961	324	37	thus	thus	ADV
cblr-2961	324	38	have	have	VERB
cblr-2961	324	39	no	no	DET
cblr-2961	324	40	interest	interest	NOUN
cblr-2961	324	41	in	in	ADP
cblr-2961	324	42	the	the	DET
cblr-2961	324	43	long	long	ADJ
cblr-2961	324	44	-	-	PUNCT
cblr-2961	324	45	term	term	NOUN
cblr-2961	324	46	success	success	NOUN
cblr-2961	324	47	of	of	ADP
cblr-2961	324	48	that	that	DET
cblr-2961	324	49	company	company	NOUN
cblr-2961	324	50	.	.	PUNCT
cblr-2961	325	1	103	103	NUM
cblr-2961	325	2	academic	academic	ADJ
cblr-2961	325	3	commentators	commentator	NOUN
cblr-2961	325	4	echo	echo	VERB
cblr-2961	325	5	this	this	DET
cblr-2961	325	6	concern	concern	NOUN
cblr-2961	325	7	by	by	ADP
cblr-2961	325	8	pointing	point	VERB
cblr-2961	325	9	out	out	ADP
cblr-2961	325	10	that	that	SCONJ
cblr-2961	325	11	shareholders	shareholder	NOUN
cblr-2961	325	12	with	with	ADP
cblr-2961	325	13	short	short	ADJ
cblr-2961	325	14	-	-	PUNCT
cblr-2961	325	15	term	term	NOUN
cblr-2961	325	16	investment	investment	NOUN
cblr-2961	325	17	horizons	horizon	NOUN
cblr-2961	325	18	,	,	PUNCT
cblr-2961	325	19	such	such	ADJ
cblr-2961	325	20	as	as	ADP
cblr-2961	325	21	hedge	hedge	NOUN
cblr-2961	325	22	funds	fund	NOUN
cblr-2961	325	23	,	,	PUNCT
cblr-2961	325	24	will	will	AUX
cblr-2961	325	25	support	support	VERB
cblr-2961	325	26	corporate	corporate	ADJ
cblr-2961	325	27	policies	policy	NOUN
cblr-2961	325	28	that	that	PRON
cblr-2961	325	29	tend	tend	VERB
cblr-2961	325	30	to	to	PART
cblr-2961	325	31	inflate	inflate	VERB
cblr-2961	325	32	current	current	ADJ
cblr-2961	325	33	share	share	NOUN
cblr-2961	325	34	prices	price	NOUN
cblr-2961	325	35	at	at	ADP
cblr-2961	325	36	the	the	DET
cblr-2961	325	37	expense	expense	NOUN
cblr-2961	325	38	of	of	ADP
cblr-2961	325	39	long	long	ADJ
cblr-2961	325	40	-	-	PUNCT
cblr-2961	325	41	term	term	NOUN
cblr-2961	325	42	value	value	NOUN
cblr-2961	325	43	,	,	PUNCT
cblr-2961	325	44	such	such	ADJ
cblr-2961	325	45	as	as	ADP
cblr-2961	325	46	foregoing	forego	VERB
cblr-2961	325	47	research	research	NOUN
cblr-2961	325	48	and	and	CCONJ
cblr-2961	325	49	development	development	NOUN
cblr-2961	325	50	for	for	ADP
cblr-2961	325	51	example	example	NOUN
cblr-2961	325	52	,	,	PUNCT
cblr-2961	325	53	martin	martin	PROPN
cblr-2961	325	54	lipton	lipton	PROPN
cblr-2961	325	55	believes	believe	VERB
cblr-2961	325	56	that	that	SCONJ
cblr-2961	325	57	short	short	ADJ
cblr-2961	325	58	-	-	PUNCT
cblr-2961	325	59	termism	termism	NOUN
cblr-2961	325	60	will	will	AUX
cblr-2961	325	61	frustrate	frustrate	VERB
cblr-2961	325	62	the	the	DET
cblr-2961	325	63	long	long	ADJ
cblr-2961	325	64	-	-	PUNCT
cblr-2961	325	65	term	term	NOUN
cblr-2961	325	66	development	development	NOUN
cblr-2961	325	67	of	of	ADP
cblr-2961	325	68	corporate	corporate	PROPN
cblr-2961	325	69	america	america	PROPN
cblr-2961	325	70	but	but	CCONJ
cblr-2961	325	71	mark	mark	PROPN
cblr-2961	325	72	roe	roe	PROPN
cblr-2961	325	73	believes	believe	VERB
cblr-2961	325	74	that	that	SCONJ
cblr-2961	325	75	this	this	PRON
cblr-2961	325	76	is	be	AUX
cblr-2961	325	77	only	only	ADV
cblr-2961	325	78	a	a	DET
cblr-2961	325	79	debater	debater	NOUN
cblr-2961	325	80	's	's	PART
cblr-2961	325	81	weapon	weapon	NOUN
cblr-2961	325	82	.	.	PUNCT
cblr-2961	326	1	compare	compare	VERB
cblr-2961	326	2	martin	martin	PROPN
cblr-2961	326	3	lipton	lipton	PROPN
cblr-2961	326	4	,	,	PUNCT
cblr-2961	326	5	takeover	takeover	NOUN
cblr-2961	326	6	bids	bid	NOUN
cblr-2961	326	7	in	in	ADP
cblr-2961	326	8	the	the	DET
cblr-2961	326	9	target	target	NOUN
cblr-2961	326	10	's	's	PART
cblr-2961	326	11	boardroom	boardroom	NOUN
cblr-2961	326	12	,	,	PUNCT
cblr-2961	326	13	35	35	NUM
cblr-2961	326	14	bus	bus	NOUN
cblr-2961	326	15	.	.	PUNCT
cblr-2961	327	1	l.	l.	PROPN
cblr-2961	327	2	101	101	NUM
cblr-2961	327	3	,	,	PUNCT
cblr-2961	327	4	104	104	NUM
cblr-2961	327	5	(	(	PUNCT
cblr-2961	327	6	1979	1979	NUM
cblr-2961	327	7	)	)	PUNCT
cblr-2961	327	8	with	with	ADP
cblr-2961	327	9	mark	mark	PROPN
cblr-2961	327	10	j.	j.	PROPN
cblr-2961	327	11	roe	roe	PROPN
cblr-2961	327	12	,	,	PUNCT
cblr-2961	327	13	strong	strong	ADJ
cblr-2961	327	14	managers	manager	NOUN
cblr-2961	327	15	,	,	PUNCT
cblr-2961	327	16	weak	weak	ADJ
cblr-2961	327	17	owners	owner	NOUN
cblr-2961	327	18	242	242	NUM
cblr-2961	327	19	-	-	SYM
cblr-2961	327	20	43	43	NUM
cblr-2961	327	21	(	(	PUNCT
cblr-2961	327	22	1994	1994	NUM
cblr-2961	327	23	)	)	PUNCT
cblr-2961	327	24	.	.	PUNCT
cblr-2961	328	1	100	100	NUM
cblr-2961	328	2	lipton	lipton	PROPN
cblr-2961	328	3	,	,	PUNCT
cblr-2961	328	4	supra	supra	PROPN
cblr-2961	328	5	note	note	PROPN
cblr-2961	328	6	99	99	NUM
cblr-2961	328	7	,	,	PUNCT
cblr-2961	328	8	at	at	ADP
cblr-2961	328	9	104	104	NUM
cblr-2961	328	10	(	(	PUNCT
cblr-2961	328	11	questioning	question	VERB
cblr-2961	328	12	"	"	PUNCT
cblr-2961	328	13	whether	whether	SCONJ
cblr-2961	328	14	the	the	DET
cblr-2961	328	15	long	long	ADJ
cblr-2961	328	16	-	-	PUNCT
cblr-2961	328	17	term	term	NOUN
cblr-2961	328	18	interests	interest	NOUN
cblr-2961	328	19	of	of	ADP
cblr-2961	328	20	the	the	DET
cblr-2961	328	21	nation	nation	NOUN
cblr-2961	328	22	's	's	PART
cblr-2961	328	23	corporate	corporate	ADJ
cblr-2961	328	24	system	system	NOUN
cblr-2961	328	25	and	and	CCONJ
cblr-2961	328	26	economy	economy	NOUN
cblr-2961	328	27	should	should	AUX
cblr-2961	328	28	be	be	AUX
cblr-2961	328	29	jeopardized	jeopardize	VERB
cblr-2961	328	30	in	in	ADP
cblr-2961	328	31	order	order	NOUN
cblr-2961	328	32	to	to	PART
cblr-2961	328	33	benefit	benefit	VERB
cblr-2961	328	34	speculators	speculator	NOUN
cblr-2961	328	35	interested	interested	ADJ
cblr-2961	328	36	not	not	PART
cblr-2961	328	37	in	in	ADP
cblr-2961	328	38	the	the	DET
cblr-2961	328	39	vitality	vitality	NOUN
cblr-2961	328	40	and	and	CCONJ
cblr-2961	328	41	continued	continued	ADJ
cblr-2961	328	42	existence	existence	NOUN
cblr-2961	328	43	of	of	ADP
cblr-2961	328	44	the	the	DET
cblr-2961	328	45	business	business	NOUN
cblr-2961	328	46	enterprise	enterprise	NOUN
cblr-2961	328	47	in	in	ADP
cblr-2961	328	48	which	which	PRON
cblr-2961	328	49	they	they	PRON
cblr-2961	328	50	have	have	AUX
cblr-2961	328	51	bought	buy	VERB
cblr-2961	328	52	shares	share	NOUN
cblr-2961	328	53	,	,	PUNCT
cblr-2961	328	54	but	but	CCONJ
cblr-2961	328	55	only	only	ADV
cblr-2961	328	56	in	in	ADP
cblr-2961	328	57	a	a	DET
cblr-2961	328	58	quick	quick	ADJ
cblr-2961	328	59	profit	profit	NOUN
cblr-2961	328	60	on	on	ADP
cblr-2961	328	61	the	the	DET
cblr-2961	328	62	sale	sale	NOUN
cblr-2961	328	63	of	of	ADP
cblr-2961	328	64	those	those	DET
cblr-2961	328	65	shares	share	NOUN
cblr-2961	328	66	"	"	PUNCT
cblr-2961	328	67	)	)	PUNCT
cblr-2961	328	68	.	.	PUNCT
cblr-2961	329	1	101	101	NUM
cblr-2961	329	2	see	see	VERB
cblr-2961	329	3	,	,	PUNCT
cblr-2961	329	4	e.g.	e.g.	ADV
cblr-2961	329	5	,	,	PUNCT
cblr-2961	329	6	roe	roe	NOUN
cblr-2961	329	7	,	,	PUNCT
cblr-2961	329	8	supra	supra	PROPN
cblr-2961	329	9	note	note	PROPN
cblr-2961	329	10	99	99	NUM
cblr-2961	329	11	,	,	PUNCT
cblr-2961	329	12	at	at	ADP
cblr-2961	329	13	242	242	NUM
cblr-2961	329	14	-	-	SYM
cblr-2961	329	15	43	43	NUM
cblr-2961	329	16	(	(	PUNCT
cblr-2961	329	17	characterizing	characterize	VERB
cblr-2961	329	18	shorttermism	shorttermism	NOUN
cblr-2961	329	19	as	as	ADP
cblr-2961	329	20	merely	merely	ADV
cblr-2961	329	21	a	a	DET
cblr-2961	329	22	debater	debater	NOUN
cblr-2961	329	23	's	's	PART
cblr-2961	329	24	weapon	weapon	NOUN
cblr-2961	329	25	used	use	VERB
cblr-2961	329	26	by	by	ADP
cblr-2961	329	27	defenders	defender	NOUN
cblr-2961	329	28	of	of	ADP
cblr-2961	329	29	corporate	corporate	ADJ
cblr-2961	329	30	incumbents	incumbent	NOUN
cblr-2961	329	31	)	)	PUNCT
cblr-2961	329	32	;	;	PUNCT
cblr-2961	329	33	barry	barry	PROPN
cblr-2961	329	34	rosenstein	rosenstein	PROPN
cblr-2961	329	35	,	,	PUNCT
cblr-2961	329	36	activism	activism	NOUN
cblr-2961	329	37	is	be	AUX
cblr-2961	329	38	good	good	ADJ
cblr-2961	329	39	for	for	ADP
cblr-2961	329	40	all	all	DET
cblr-2961	329	41	shareholder	shareholder	NOUN
cblr-2961	329	42	,	,	PUNCT
cblr-2961	329	43	fin	fin	NOUN
cblr-2961	329	44	.	.	PUNCT
cblr-2961	330	1	times	times	PROPN
cblr-2961	330	2	,	,	PUNCT
cblr-2961	330	3	mar	mar	PROPN
cblr-2961	330	4	.	.	PROPN
cblr-2961	330	5	10	10	NUM
cblr-2961	330	6	,	,	PUNCT
cblr-2961	330	7	2006	2006	NUM
cblr-2961	330	8	,	,	PUNCT
cblr-2961	330	9	at	at	ADP
cblr-2961	330	10	17	17	NUM
cblr-2961	330	11	(	(	PUNCT
cblr-2961	330	12	suggesting	suggest	VERB
cblr-2961	330	13	that	that	SCONJ
cblr-2961	330	14	"	"	PUNCT
cblr-2961	330	15	the	the	DET
cblr-2961	330	16	'	'	PUNCT
cblr-2961	330	17	short	short	ADJ
cblr-2961	330	18	-	-	PUNCT
cblr-2961	330	19	term	term	NOUN
cblr-2961	330	20	'	'	PUNCT
cblr-2961	330	21	versus	versus	ADP
cblr-2961	330	22	'	'	PUNCT
cblr-2961	330	23	longterm	longterm	NOUN
cblr-2961	330	24	'	'	PUNCT
cblr-2961	330	25	distinction	distinction	NOUN
cblr-2961	330	26	is	be	AUX
cblr-2961	330	27	often	often	ADV
cblr-2961	330	28	a	a	DET
cblr-2961	330	29	non	non	ADJ
cblr-2961	330	30	-	-	ADJ
cblr-2961	330	31	sensical	sensical	ADJ
cblr-2961	330	32	cover	cover	NOUN
cblr-2961	330	33	-	-	PUNCT
cblr-2961	330	34	up	up	NOUN
cblr-2961	330	35	for	for	ADP
cblr-2961	330	36	poor	poor	ADJ
cblr-2961	330	37	performance	performance	NOUN
cblr-2961	330	38	from	from	ADP
cblr-2961	330	39	managers	manager	NOUN
cblr-2961	330	40	who	who	PRON
cblr-2961	330	41	have	have	AUX
cblr-2961	330	42	failed	fail	VERB
cblr-2961	330	43	to	to	PART
cblr-2961	330	44	deliver	deliver	VERB
cblr-2961	330	45	results	result	NOUN
cblr-2961	330	46	over	over	ADP
cblr-2961	330	47	either	either	DET
cblr-2961	330	48	horizon	horizon	NOUN
cblr-2961	330	49	"	"	PUNCT
cblr-2961	330	50	)	)	PUNCT
cblr-2961	330	51	.	.	PUNCT
cblr-2961	331	1	102	102	NUM
cblr-2961	331	2	lipton	lipton	PROPN
cblr-2961	331	3	&	&	CCONJ
cblr-2961	331	4	savitt	savitt	PROPN
cblr-2961	331	5	,	,	PUNCT
cblr-2961	331	6	supra	supra	PROPN
cblr-2961	331	7	note	note	NOUN
cblr-2961	331	8	96	96	NUM
cblr-2961	331	9	,	,	PUNCT
cblr-2961	331	10	at	at	ADP
cblr-2961	331	11	746	746	NUM
cblr-2961	331	12	.	.	PUNCT
cblr-2961	331	13	103	103	NUM
cblr-2961	332	1	i	i	PROPN
cblr-2961	332	2	d.	d.	PROPN
cblr-2961	332	3	col	col	PROPN
cblr-2961	332	4	umbia	umbia	PROPN
cblr-2961	332	5	b	b	PROPN
cblr-2961	333	1	usiness	usiness	PROPN
cblr-2961	333	2	la	la	PROPN
cblr-2961	333	3	w	w	PROPN
cblr-2961	333	4	re	re	PROPN
cblr-2961	333	5	vie	vie	PROPN
cblr-2961	333	6	w	w	PROPN
cblr-2961	334	1	[	[	X
cblr-2961	334	2	vol	vol	NOUN
cblr-2961	334	3	.	.	NOUN
cblr-2961	334	4	2008	2008	NUM
cblr-2961	334	5	investment	investment	NOUN
cblr-2961	334	6	or	or	CCONJ
cblr-2961	334	7	accepting	accept	VERB
cblr-2961	334	8	an	an	DET
cblr-2961	334	9	immediate	immediate	ADJ
cblr-2961	334	10	,	,	PUNCT
cblr-2961	334	11	though	though	SCONJ
cblr-2961	334	12	less	less	ADJ
cblr-2961	334	13	than	than	ADP
cblr-2961	334	14	fully	fully	ADV
cblr-2961	334	15	priced	price	VERB
cblr-2961	334	16	,	,	PUNCT
cblr-2961	334	17	premium	premium	NOUN
cblr-2961	334	18	bid.1"4	bid.1"4	AUX
cblr-2961	334	19	b.	b.	NOUN
cblr-2961	334	20	the	the	DET
cblr-2961	334	21	empty	empty	ADJ
cblr-2961	334	22	and	and	CCONJ
cblr-2961	334	23	negative	negative	ADJ
cblr-2961	334	24	voting	voting	NOUN
cblr-2961	334	25	problems	problem	NOUN
cblr-2961	334	26	opponents	opponent	NOUN
cblr-2961	334	27	of	of	ADP
cblr-2961	334	28	hedge	hedge	NOUN
cblr-2961	334	29	fund	fund	NOUN
cblr-2961	334	30	activism	activism	NOUN
cblr-2961	334	31	are	be	AUX
cblr-2961	334	32	also	also	ADV
cblr-2961	334	33	concerned	concerned	ADJ
cblr-2961	334	34	with	with	ADP
cblr-2961	334	35	"	"	PUNCT
cblr-2961	334	36	empty	empty	ADJ
cblr-2961	334	37	voting	voting	NOUN
cblr-2961	334	38	,	,	PUNCT
cblr-2961	334	39	"	"	PUNCT
cblr-2961	334	40	which	which	PRON
cblr-2961	334	41	happens	happen	VERB
cblr-2961	334	42	when	when	SCONJ
cblr-2961	334	43	a	a	DET
cblr-2961	334	44	shareholder	shareholder	NOUN
cblr-2961	334	45	's	's	PART
cblr-2961	334	46	vote	vote	NOUN
cblr-2961	334	47	lacks	lack	VERB
cblr-2961	334	48	an	an	DET
cblr-2961	334	49	accompanying	accompanying	ADJ
cblr-2961	334	50	economic	economic	ADJ
cblr-2961	334	51	stake	stake	NOUN
cblr-2961	334	52	.	.	PUNCT
cblr-2961	335	1	5	5	NUM
cblr-2961	335	2	this	this	PRON
cblr-2961	335	3	is	be	AUX
cblr-2961	335	4	achieved	achieve	VERB
cblr-2961	335	5	when	when	SCONJ
cblr-2961	335	6	an	an	DET
cblr-2961	335	7	investor	investor	NOUN
cblr-2961	335	8	takes	take	VERB
cblr-2961	335	9	a	a	DET
cblr-2961	335	10	short	short	ADJ
cblr-2961	335	11	position	position	NOUN
cblr-2961	335	12	equal	equal	ADJ
cblr-2961	335	13	to	to	ADP
cblr-2961	335	14	his	his	PRON
cblr-2961	335	15	equity	equity	NOUN
cblr-2961	335	16	interests	interest	NOUN
cblr-2961	335	17	in	in	ADP
cblr-2961	335	18	a	a	DET
cblr-2961	335	19	company	company	NOUN
cblr-2961	335	20	,	,	PUNCT
cblr-2961	335	21	enabling	enable	VERB
cblr-2961	335	22	him	he	PRON
cblr-2961	335	23	to	to	PART
cblr-2961	335	24	vote	vote	VERB
cblr-2961	335	25	without	without	ADP
cblr-2961	335	26	concern	concern	NOUN
cblr-2961	335	27	of	of	ADP
cblr-2961	335	28	any	any	DET
cblr-2961	335	29	downside	downside	ADJ
cblr-2961	335	30	risks.0	risks.0	NOUN
cblr-2961	335	31	'	'	PUNCT
cblr-2961	335	32	there	there	PRON
cblr-2961	335	33	is	be	VERB
cblr-2961	335	34	more	more	ADJ
cblr-2961	335	35	than	than	ADP
cblr-2961	335	36	one	one	NUM
cblr-2961	335	37	way	way	NOUN
cblr-2961	335	38	to	to	PART
cblr-2961	335	39	acquire	acquire	VERB
cblr-2961	335	40	votes	vote	NOUN
cblr-2961	335	41	without	without	ADP
cblr-2961	335	42	economic	economic	ADJ
cblr-2961	335	43	interest	interest	NOUN
cblr-2961	335	44	.	.	PUNCT
cblr-2961	336	1	the	the	DET
cblr-2961	336	2	growth	growth	NOUN
cblr-2961	336	3	in	in	ADP
cblr-2961	336	4	equity	equity	NOUN
cblr-2961	336	5	swaps	swap	NOUN
cblr-2961	336	6	,	,	PUNCT
cblr-2961	336	7	other	other	ADJ
cblr-2961	336	8	privately	privately	ADV
cblr-2961	336	9	negotiated	negotiate	VERB
cblr-2961	336	10	equity	equity	NOUN
cblr-2961	336	11	derivatives	derivative	NOUN
cblr-2961	336	12	,	,	PUNCT
cblr-2961	336	13	and	and	CCONJ
cblr-2961	336	14	the	the	DET
cblr-2961	336	15	share	share	NOUN
cblr-2961	336	16	lending	lending	NOUN
cblr-2961	336	17	markets	market	NOUN
cblr-2961	336	18	make	make	VERB
cblr-2961	336	19	it	it	PRON
cblr-2961	336	20	easier	easy	ADJ
cblr-2961	336	21	and	and	CCONJ
cblr-2961	336	22	cheaper	cheap	ADJ
cblr-2961	336	23	to	to	PART
cblr-2961	336	24	decouple	decouple	VERB
cblr-2961	336	25	economic	economic	ADJ
cblr-2961	336	26	interests	interest	NOUN
cblr-2961	336	27	from	from	ADP
cblr-2961	336	28	voting	vote	VERB
cblr-2961	336	29	power	power	NOUN
cblr-2961	336	30	.	.	PUNCT
cblr-2961	336	31	'	'	PUNCT
cblr-2961	337	1	a	a	DET
cblr-2961	337	2	hedge	hedge	NOUN
cblr-2961	337	3	fund	fund	NOUN
cblr-2961	337	4	may	may	AUX
cblr-2961	337	5	use	use	VERB
cblr-2961	337	6	these	these	DET
cblr-2961	337	7	market	market	NOUN
cblr-2961	337	8	breakthroughs	breakthrough	NOUN
cblr-2961	337	9	to	to	PART
cblr-2961	337	10	increase	increase	VERB
cblr-2961	337	11	its	its	PRON
cblr-2961	337	12	long	long	ADJ
cblr-2961	337	13	position	position	NOUN
cblr-2961	337	14	in	in	ADP
cblr-2961	337	15	a	a	DET
cblr-2961	337	16	company	company	NOUN
cblr-2961	337	17	.	.	PUNCT
cblr-2961	337	18	'	'	PUNCT
cblr-2961	338	1	this	this	PRON
cblr-2961	338	2	reduces	reduce	VERB
cblr-2961	338	3	the	the	DET
cblr-2961	338	4	free	free	ADJ
cblr-2961	338	5	riding	riding	NOUN
cblr-2961	338	6	problem	problem	NOUN
cblr-2961	338	7	9	9	NUM
cblr-2961	338	8	and	and	CCONJ
cblr-2961	338	9	makes	make	VERB
cblr-2961	338	10	it	it	PRON
cblr-2961	338	11	financially	financially	ADV
cblr-2961	338	12	viable	viable	ADJ
cblr-2961	338	13	for	for	ADP
cblr-2961	338	14	hedge	hedge	NOUN
cblr-2961	338	15	funds	fund	NOUN
cblr-2961	338	16	to	to	PART
cblr-2961	338	17	spend	spend	VERB
cblr-2961	338	18	their	their	PRON
cblr-2961	338	19	resources	resource	NOUN
cblr-2961	338	20	ousting	oust	VERB
cblr-2961	338	21	under	under	ADV
cblr-2961	338	22	-	-	PUNCT
cblr-2961	338	23	performing	perform	VERB
cblr-2961	338	24	incumbents	incumbent	NOUN
cblr-2961	338	25	or	or	CCONJ
cblr-2961	338	26	blocking	block	VERB
cblr-2961	338	27	harmful	harmful	ADJ
cblr-2961	338	28	deals	deal	NOUN
cblr-2961	338	29	.	.	PUNCT
cblr-2961	339	1	these	these	DET
cblr-2961	339	2	financial	financial	ADJ
cblr-2961	339	3	vehicles	vehicle	NOUN
cblr-2961	339	4	may	may	AUX
cblr-2961	339	5	also	also	ADV
cblr-2961	339	6	be	be	AUX
cblr-2961	339	7	used	use	VERB
cblr-2961	339	8	to	to	ADP
cblr-2961	339	9	the	the	DET
cblr-2961	339	10	detriment	detriment	NOUN
cblr-2961	339	11	of	of	ADP
cblr-2961	339	12	a	a	DET
cblr-2961	339	13	public	public	ADJ
cblr-2961	339	14	company	company	NOUN
cblr-2961	339	15	and	and	CCONJ
cblr-2961	339	16	its	its	PRON
cblr-2961	339	17	104	104	NUM
cblr-2961	339	18	iman	iman	NOUN
cblr-2961	339	19	anabtawi	anabtawi	PROPN
cblr-2961	339	20	,	,	PUNCT
cblr-2961	339	21	some	some	DET
cblr-2961	339	22	skepticism	skepticism	NOUN
cblr-2961	339	23	about	about	ADP
cblr-2961	339	24	increasing	increase	VERB
cblr-2961	339	25	shareholder	shareholder	NOUN
cblr-2961	339	26	power	power	NOUN
cblr-2961	339	27	,	,	PUNCT
cblr-2961	339	28	53	53	NUM
cblr-2961	339	29	ucla	ucla	PROPN
cblr-2961	339	30	l.	l.	PROPN
cblr-2961	339	31	rev	rev	PROPN
cblr-2961	339	32	.	.	PROPN
cblr-2961	339	33	561	561	NUM
cblr-2961	339	34	,	,	PUNCT
cblr-2961	339	35	579	579	NUM
cblr-2961	339	36	-	-	SYM
cblr-2961	339	37	80	80	NUM
cblr-2961	339	38	(	(	PUNCT
cblr-2961	339	39	2006	2006	NUM
cblr-2961	339	40	)	)	PUNCT
cblr-2961	339	41	(	(	PUNCT
cblr-2961	339	42	introducing	introduce	VERB
cblr-2961	339	43	evidence	evidence	NOUN
cblr-2961	339	44	showing	show	VERB
cblr-2961	339	45	that	that	SCONJ
cblr-2961	339	46	the	the	DET
cblr-2961	339	47	average	average	ADJ
cblr-2961	339	48	turn	turn	VERB
cblr-2961	339	49	-	-	PUNCT
cblr-2961	339	50	over	over	ADP
cblr-2961	339	51	rate	rate	NOUN
cblr-2961	339	52	of	of	ADP
cblr-2961	339	53	stocks	stock	NOUN
cblr-2961	339	54	of	of	ADP
cblr-2961	339	55	hedge	hedge	NOUN
cblr-2961	339	56	fund	fund	NOUN
cblr-2961	339	57	is	be	AUX
cblr-2961	339	58	three	three	NUM
cblr-2961	339	59	times	time	NOUN
cblr-2961	339	60	that	that	PRON
cblr-2961	339	61	of	of	ADP
cblr-2961	339	62	mutual	mutual	ADJ
cblr-2961	339	63	funds	fund	NOUN
cblr-2961	339	64	and	and	CCONJ
cblr-2961	339	65	suggesting	suggest	VERB
cblr-2961	339	66	that	that	PRON
cblr-2961	339	67	hedge	hedge	NOUN
cblr-2961	339	68	funds	fund	NOUN
cblr-2961	339	69	only	only	ADV
cblr-2961	339	70	care	care	VERB
cblr-2961	339	71	about	about	ADP
cblr-2961	339	72	profits	profit	NOUN
cblr-2961	339	73	within	within	ADP
cblr-2961	339	74	the	the	DET
cblr-2961	339	75	shortest	short	ADJ
cblr-2961	339	76	period	period	NOUN
cblr-2961	339	77	of	of	ADP
cblr-2961	339	78	time	time	NOUN
cblr-2961	339	79	)	)	PUNCT
cblr-2961	339	80	.	.	PUNCT
cblr-2961	340	1	"	"	PUNCT
cblr-2961	340	2	'	'	PUNCT
cblr-2961	340	3	henry	henry	PROPN
cblr-2961	340	4	t.	t.	PROPN
cblr-2961	340	5	c.	c.	PROPN
cblr-2961	340	6	hu	hu	PROPN
cblr-2961	340	7	&	&	CCONJ
cblr-2961	340	8	bernard	bernard	PROPN
cblr-2961	340	9	black	black	PROPN
cblr-2961	340	10	,	,	PUNCT
cblr-2961	340	11	the	the	DET
cblr-2961	340	12	new	new	ADJ
cblr-2961	340	13	vote	vote	NOUN
cblr-2961	340	14	buying	buying	NOUN
cblr-2961	340	15	:	:	PUNCT
cblr-2961	340	16	empty	empty	ADJ
cblr-2961	340	17	voting	voting	NOUN
cblr-2961	340	18	and	and	CCONJ
cblr-2961	340	19	hidden	hide	VERB
cblr-2961	340	20	(	(	PUNCT
cblr-2961	340	21	morphable	morphable	NUM
cblr-2961	340	22	)	)	PUNCT
cblr-2961	340	23	ownership	ownership	NOUN
cblr-2961	340	24	,	,	PUNCT
cblr-2961	340	25	79	79	NUM
cblr-2961	340	26	s.	s.	PROPN
cblr-2961	340	27	cal	cal	PROPN
cblr-2961	340	28	.	.	PUNCT
cblr-2961	341	1	l.	l.	PROPN
cblr-2961	341	2	rev	rev	PROPN
cblr-2961	341	3	.	.	PROPN
cblr-2961	341	4	811	811	NUM
cblr-2961	341	5	,	,	PUNCT
cblr-2961	341	6	815	815	NUM
cblr-2961	341	7	(	(	PUNCT
cblr-2961	341	8	2006	2006	NUM
cblr-2961	341	9	)	)	PUNCT
cblr-2961	341	10	(	(	PUNCT
cblr-2961	341	11	suggesting	suggest	VERB
cblr-2961	341	12	that	that	SCONJ
cblr-2961	341	13	hedge	hedge	NOUN
cblr-2961	341	14	funds	fund	NOUN
cblr-2961	341	15	are	be	AUX
cblr-2961	341	16	taking	take	VERB
cblr-2961	341	17	advantage	advantage	NOUN
cblr-2961	341	18	of	of	ADP
cblr-2961	341	19	derivatives	derivative	NOUN
cblr-2961	341	20	that	that	PRON
cblr-2961	341	21	make	make	VERB
cblr-2961	341	22	empty	empty	ADJ
cblr-2961	341	23	voting	voting	NOUN
cblr-2961	341	24	possible	possible	ADJ
cblr-2961	341	25	)	)	PUNCT
cblr-2961	341	26	.	.	PUNCT
cblr-2961	342	1	10	10	NUM
cblr-2961	342	2	"	"	PUNCT
cblr-2961	342	3	what	what	PRON
cblr-2961	342	4	richard	richard	PROPN
cblr-2961	342	5	c.	c.	PROPN
cblr-2961	342	6	perry	perry	PROPN
cblr-2961	342	7	did	do	AUX
cblr-2961	342	8	in	in	ADP
cblr-2961	342	9	mylan	mylan	PROPN
cblr-2961	342	10	laboratories	laboratory	NOUN
cblr-2961	342	11	in	in	ADP
cblr-2961	342	12	2004	2004	NUM
cblr-2961	342	13	provides	provide	VERB
cblr-2961	342	14	an	an	DET
cblr-2961	342	15	example	example	NOUN
cblr-2961	342	16	.	.	PUNCT
cblr-2961	343	1	see	see	VERB
cblr-2961	343	2	discussion	discussion	NOUN
cblr-2961	343	3	infra	infra	NOUN
cblr-2961	343	4	.	.	PUNCT
cblr-2961	344	1	107	107	NUM
cblr-2961	344	2	hu	hu	PROPN
cblr-2961	344	3	&	&	CCONJ
cblr-2961	344	4	black	black	PROPN
cblr-2961	344	5	,	,	PUNCT
cblr-2961	344	6	supra	supra	PROPN
cblr-2961	344	7	note	note	NOUN
cblr-2961	344	8	105	105	NUM
cblr-2961	344	9	.	.	NOUN
cblr-2961	344	10	108	108	NUM
cblr-2961	344	11	see	see	VERB
cblr-2961	344	12	,	,	PUNCT
cblr-2961	344	13	e.g.	e.g.	ADV
cblr-2961	344	14	,	,	PUNCT
cblr-2961	344	15	in	in	ADP
cblr-2961	344	16	brief	brief	ADJ
cblr-2961	344	17	,	,	PUNCT
cblr-2961	344	18	wall	wall	PROPN
cblr-2961	344	19	st	st	PROPN
cblr-2961	344	20	.	.	PROPN
cblr-2961	344	21	j.	j.	PROPN
cblr-2961	344	22	,	,	PUNCT
cblr-2961	344	23	dec	dec	PROPN
cblr-2961	344	24	.	.	PROPN
cblr-2961	344	25	26	26	NUM
cblr-2961	344	26	,	,	PUNCT
cblr-2961	344	27	2007	2007	NUM
cblr-2961	344	28	,	,	PUNCT
cblr-2961	344	29	at	at	ADP
cblr-2961	344	30	b4	b4	NOUN
cblr-2961	344	31	(	(	PUNCT
cblr-2961	344	32	reporting	report	VERB
cblr-2961	344	33	that	that	SCONJ
cblr-2961	344	34	pershing	pershing	PROPN
cblr-2961	344	35	square	square	PROPN
cblr-2961	344	36	,	,	PUNCT
cblr-2961	344	37	the	the	DET
cblr-2961	344	38	hedge	hedge	NOUN
cblr-2961	344	39	-	-	PUNCT
cblr-2961	344	40	fund	fund	NOUN
cblr-2961	344	41	group	group	NOUN
cblr-2961	344	42	run	run	VERB
cblr-2961	344	43	by	by	ADP
cblr-2961	344	44	william	william	PROPN
cblr-2961	344	45	ackman	ackman	PROPN
cblr-2961	344	46	,	,	PUNCT
cblr-2961	344	47	increased	increase	VERB
cblr-2961	344	48	its	its	PRON
cblr-2961	344	49	stake	stake	NOUN
cblr-2961	344	50	in	in	ADP
cblr-2961	344	51	an	an	DET
cblr-2961	344	52	unnamed	unnamed	ADJ
cblr-2961	344	53	target	target	NOUN
cblr-2961	344	54	from	from	ADP
cblr-2961	344	55	9.97	9.97	NUM
cblr-2961	344	56	%	%	NOUN
cblr-2961	344	57	to	to	ADP
cblr-2961	344	58	12.6	12.6	NUM
cblr-2961	344	59	%	%	NOUN
cblr-2961	344	60	via	via	ADP
cblr-2961	344	61	options	option	NOUN
cblr-2961	344	62	and	and	CCONJ
cblr-2961	344	63	derivatives	derivative	NOUN
cblr-2961	344	64	called	call	VERB
cblr-2961	344	65	total	total	ADJ
cblr-2961	344	66	return	return	NOUN
cblr-2961	344	67	swaps	swap	NOUN
cblr-2961	344	68	)	)	PUNCT
cblr-2961	344	69	;	;	PUNCT
cblr-2961	344	70	brav	brav	PROPN
cblr-2961	344	71	et	et	PROPN
cblr-2961	344	72	al	al	PROPN
cblr-2961	344	73	.	.	PROPN
cblr-2961	344	74	,	,	PUNCT
cblr-2961	344	75	supra	supra	PROPN
cblr-2961	344	76	note	note	PROPN
cblr-2961	344	77	20	20	NUM
cblr-2961	344	78	,	,	PUNCT
cblr-2961	344	79	at	at	ADP
cblr-2961	344	80	16	16	NUM
cblr-2961	344	81	(	(	PUNCT
cblr-2961	344	82	showing	show	VERB
cblr-2961	344	83	,	,	PUNCT
cblr-2961	344	84	among	among	ADP
cblr-2961	344	85	their	their	PRON
cblr-2961	344	86	sample	sample	NOUN
cblr-2961	344	87	of	of	ADP
cblr-2961	344	88	hedge	hedge	NOUN
cblr-2961	344	89	fund	fund	NOUN
cblr-2961	344	90	activism	activism	NOUN
cblr-2961	344	91	events	event	NOUN
cblr-2961	344	92	,	,	PUNCT
cblr-2961	344	93	that	that	SCONJ
cblr-2961	344	94	hedge	hedge	NOUN
cblr-2961	344	95	funds	fund	NOUN
cblr-2961	344	96	have	have	AUX
cblr-2961	344	97	reported	report	VERB
cblr-2961	344	98	derivative	derivative	ADJ
cblr-2961	344	99	positions	position	NOUN
cblr-2961	344	100	in	in	ADP
cblr-2961	344	101	the	the	DET
cblr-2961	344	102	target	target	NOUN
cblr-2961	344	103	company	company	NOUN
cblr-2961	344	104	)	)	PUNCT
cblr-2961	344	105	.	.	PUNCT
cblr-2961	345	1	109	109	NUM
cblr-2961	345	2	see	see	NOUN
cblr-2961	345	3	posner	posner	NOUN
cblr-2961	345	4	,	,	PUNCT
cblr-2961	345	5	supra	supra	PROPN
cblr-2961	345	6	note	note	NOUN
cblr-2961	345	7	23	23	NUM
cblr-2961	345	8	and	and	CCONJ
cblr-2961	345	9	accompanying	accompany	VERB
cblr-2961	345	10	text	text	NOUN
cblr-2961	345	11	.	.	PUNCT
cblr-2961	346	1	no	no	INTJ
cblr-2961	346	2	.	.	PUNCT
cblr-2961	347	1	2:7241	2:7241	NUM
cblr-2961	347	2	hedge	hedge	NOUN
cblr-2961	347	3	fund	fund	PROPN
cblr-2961	347	4	activism	activism	PROPN
cblr-2961	347	5	columbia	columbia	PROPN
cblr-2961	347	6	business	business	PROPN
cblr-2961	347	7	law	law	PROPN
cblr-2961	347	8	review	review	VERB
cblr-2961	347	9	shareholders	shareholder	NOUN
cblr-2961	347	10	.	.	PUNCT
cblr-2961	348	1	"	"	PUNCT
cblr-2961	348	2	'	'	PUNCT
cblr-2961	348	3	what	what	PRON
cblr-2961	348	4	's	be	AUX
cblr-2961	348	5	worse	bad	ADJ
cblr-2961	348	6	,	,	PUNCT
cblr-2961	348	7	if	if	SCONJ
cblr-2961	348	8	the	the	DET
cblr-2961	348	9	amount	amount	NOUN
cblr-2961	348	10	of	of	ADP
cblr-2961	348	11	the	the	DET
cblr-2961	348	12	short	short	ADJ
cblr-2961	348	13	position	position	NOUN
cblr-2961	348	14	exceeds	exceed	VERB
cblr-2961	348	15	the	the	DET
cblr-2961	348	16	stocks	stock	NOUN
cblr-2961	348	17	owned	own	VERB
cblr-2961	348	18	by	by	ADP
cblr-2961	348	19	an	an	DET
cblr-2961	348	20	investor	investor	NOUN
cblr-2961	348	21	,	,	PUNCT
cblr-2961	348	22	that	that	DET
cblr-2961	348	23	investor	investor	NOUN
cblr-2961	348	24	has	have	VERB
cblr-2961	348	25	an	an	DET
cblr-2961	348	26	incentive	incentive	NOUN
cblr-2961	348	27	to	to	PART
cblr-2961	348	28	cast	cast	VERB
cblr-2961	348	29	his	his	PRON
cblr-2961	348	30	vote	vote	NOUN
cblr-2961	348	31	in	in	ADP
cblr-2961	348	32	ways	way	NOUN
cblr-2961	348	33	that	that	PRON
cblr-2961	348	34	are	be	AUX
cblr-2961	348	35	contrary	contrary	ADJ
cblr-2961	348	36	to	to	ADP
cblr-2961	348	37	the	the	DET
cblr-2961	348	38	best	good	ADJ
cblr-2961	348	39	interests	interest	NOUN
cblr-2961	348	40	of	of	ADP
cblr-2961	348	41	the	the	DET
cblr-2961	348	42	target	target	NOUN
cblr-2961	348	43	company	company	NOUN
cblr-2961	348	44	(	(	PUNCT
cblr-2961	348	45	referred	refer	VERB
cblr-2961	348	46	to	to	ADP
cblr-2961	348	47	as	as	ADP
cblr-2961	348	48	"	"	PUNCT
cblr-2961	348	49	negative	negative	ADJ
cblr-2961	348	50	voting	voting	NOUN
cblr-2961	348	51	"	"	PUNCT
cblr-2961	348	52	)	)	PUNCT
cblr-2961	348	53	.	.	PUNCT
cblr-2961	349	1	"	"	PUNCT
cblr-2961	349	2	'	'	PUNCT
cblr-2961	349	3	these	these	DET
cblr-2961	349	4	practices	practice	NOUN
cblr-2961	349	5	are	be	AUX
cblr-2961	349	6	in	in	ADP
cblr-2961	349	7	tension	tension	NOUN
cblr-2961	349	8	with	with	ADP
cblr-2961	349	9	the	the	DET
cblr-2961	349	10	traditional	traditional	ADJ
cblr-2961	349	11	theory	theory	NOUN
cblr-2961	349	12	that	that	PRON
cblr-2961	349	13	assigns	assign	VERB
cblr-2961	349	14	voting	voting	NOUN
cblr-2961	349	15	rights	right	NOUN
cblr-2961	349	16	to	to	ADP
cblr-2961	349	17	shareholders	shareholder	NOUN
cblr-2961	349	18	in	in	ADP
cblr-2961	349	19	proportion	proportion	NOUN
cblr-2961	349	20	to	to	ADP
cblr-2961	349	21	their	their	PRON
cblr-2961	349	22	ownership	ownership	NOUN
cblr-2961	349	23	in	in	ADP
cblr-2961	349	24	the	the	DET
cblr-2961	349	25	company	company	NOUN
cblr-2961	349	26	.	.	PUNCT
cblr-2961	349	27	"	"	PUNCT
cblr-2961	350	1	2	2	NUM
cblr-2961	350	2	the	the	DET
cblr-2961	350	3	2004	2004	NUM
cblr-2961	350	4	merger	merger	NOUN
cblr-2961	350	5	deal	deal	NOUN
cblr-2961	350	6	between	between	ADP
cblr-2961	350	7	mylan	mylan	PROPN
cblr-2961	350	8	laboratories	laboratory	NOUN
cblr-2961	350	9	(	(	PUNCT
cblr-2961	350	10	"	"	PUNCT
cblr-2961	350	11	mylan	mylan	PROPN
cblr-2961	350	12	"	"	PUNCT
cblr-2961	350	13	)	)	PUNCT
cblr-2961	350	14	and	and	CCONJ
cblr-2961	350	15	king	king	NOUN
cblr-2961	350	16	pharmaceuticals	pharmaceutical	NOUN
cblr-2961	350	17	(	(	PUNCT
cblr-2961	350	18	"	"	PUNCT
cblr-2961	350	19	king	king	NOUN
cblr-2961	350	20	"	"	PUNCT
cblr-2961	350	21	)	)	PUNCT
cblr-2961	350	22	illustrates	illustrate	VERB
cblr-2961	350	23	the	the	DET
cblr-2961	350	24	problem	problem	NOUN
cblr-2961	350	25	with	with	ADP
cblr-2961	350	26	decoupling	decouple	VERB
cblr-2961	350	27	.	.	PUNCT
cblr-2961	351	1	"	"	PUNCT
cblr-2961	351	2	'	'	PUNCT
cblr-2961	351	3	on	on	ADP
cblr-2961	351	4	july	july	PROPN
cblr-2961	351	5	26	26	NUM
cblr-2961	351	6	,	,	PUNCT
cblr-2961	351	7	2004	2004	NUM
cblr-2961	351	8	,	,	PUNCT
cblr-2961	351	9	mylan	mylan	PROPN
cblr-2961	351	10	announced	announce	VERB
cblr-2961	351	11	its	its	PRON
cblr-2961	351	12	agreement	agreement	NOUN
cblr-2961	351	13	with	with	ADP
cblr-2961	351	14	king	king	NOUN
cblr-2961	351	15	for	for	ADP
cblr-2961	351	16	a	a	DET
cblr-2961	351	17	stock	stock	NOUN
cblr-2961	351	18	merger	merger	NOUN
cblr-2961	351	19	valuing	value	VERB
cblr-2961	351	20	king	king	NOUN
cblr-2961	351	21	with	with	ADP
cblr-2961	351	22	a	a	DET
cblr-2961	351	23	61.8	61.8	NUM
cblr-2961	351	24	%	%	NOUN
cblr-2961	351	25	premium	premium	NOUN
cblr-2961	351	26	over	over	ADP
cblr-2961	351	27	the	the	DET
cblr-2961	351	28	trading	trading	NOUN
cblr-2961	351	29	price	price	NOUN
cblr-2961	351	30	.	.	PUNCT
cblr-2961	352	1	114	114	NUM
cblr-2961	352	2	after	after	ADP
cblr-2961	352	3	this	this	DET
cblr-2961	352	4	announcement	announcement	NOUN
cblr-2961	352	5	,	,	PUNCT
cblr-2961	352	6	mylan	mylan	PROPN
cblr-2961	352	7	's	's	PART
cblr-2961	352	8	stock	stock	NOUN
cblr-2961	352	9	price	price	NOUN
cblr-2961	352	10	instantly	instantly	ADV
cblr-2961	352	11	plummeted	plummet	VERB
cblr-2961	352	12	from	from	ADP
cblr-2961	352	13	$	$	SYM
cblr-2961	352	14	18.51	18.51	NUM
cblr-2961	352	15	to	to	PART
cblr-2961	352	16	$	$	SYM
cblr-2961	352	17	15.51	15.51	NUM
cblr-2961	352	18	per	per	ADP
cblr-2961	352	19	share	share	NOUN
cblr-2961	352	20	.	.	PUNCT
cblr-2961	352	21	"	"	PUNCT
cblr-2961	353	1	5	5	NUM
cblr-2961	353	2	carl	carl	PROPN
cblr-2961	353	3	icahn	icahn	PROPN
cblr-2961	353	4	immediately	immediately	ADV
cblr-2961	353	5	started	start	VERB
cblr-2961	353	6	to	to	PART
cblr-2961	353	7	purchase	purchase	VERB
cblr-2961	353	8	mylan	mylan	PROPN
cblr-2961	353	9	's	's	PART
cblr-2961	353	10	shares	share	NOUN
cblr-2961	353	11	until	until	SCONJ
cblr-2961	353	12	he	he	PRON
cblr-2961	353	13	became	become	VERB
cblr-2961	353	14	the	the	DET
cblr-2961	353	15	owner	owner	NOUN
cblr-2961	353	16	of	of	ADP
cblr-2961	353	17	6.8	6.8	NUM
cblr-2961	353	18	%	%	NOUN
cblr-2961	353	19	of	of	ADP
cblr-2961	353	20	the	the	DET
cblr-2961	353	21	outstanding	outstanding	ADJ
cblr-2961	353	22	stock	stock	NOUN
cblr-2961	353	23	.	.	PUNCT
cblr-2961	354	1	"	"	PUNCT
cblr-2961	354	2	'	'	PUNCT
cblr-2961	354	3	after	after	ADP
cblr-2961	354	4	filing	file	VERB
cblr-2961	354	5	a	a	DET
cblr-2961	354	6	schedule	schedule	NOUN
cblr-2961	354	7	13d	13d	NOUN
cblr-2961	354	8	with	with	ADP
cblr-2961	354	9	the	the	DET
cblr-2961	354	10	sec	sec	PROPN
cblr-2961	354	11	,	,	PUNCT
cblr-2961	354	12	carl	carl	PROPN
cblr-2961	354	13	icahn	icahn	PROPN
cblr-2961	354	14	announced	announce	VERB
cblr-2961	354	15	his	his	PRON
cblr-2961	354	16	intention	intention	NOUN
cblr-2961	354	17	to	to	PART
cblr-2961	354	18	launch	launch	VERB
cblr-2961	354	19	a	a	DET
cblr-2961	354	20	proxy	proxy	NOUN
cblr-2961	354	21	contest	contest	NOUN
cblr-2961	354	22	against	against	ADP
cblr-2961	354	23	what	what	PRON
cblr-2961	354	24	he	he	PRON
cblr-2961	354	25	alleged	allege	VERB
cblr-2961	354	26	to	to	PART
cblr-2961	354	27	be	be	AUX
cblr-2961	354	28	an	an	DET
cblr-2961	354	29	over	over	ADV
cblr-2961	354	30	-	-	PUNCT
cblr-2961	354	31	priced	price	VERB
cblr-2961	354	32	merger	merger	NOUN
cblr-2961	354	33	deal	deal	NOUN
cblr-2961	354	34	.	.	PUNCT
cblr-2961	355	1	"7	"7	PROPN
cblr-2961	355	2	carl	carl	PROPN
cblr-2961	355	3	icahn	icahn	PROPN
cblr-2961	355	4	's	's	PART
cblr-2961	355	5	strategy	strategy	NOUN
cblr-2961	355	6	clashed	clash	VERB
cblr-2961	355	7	with	with	ADP
cblr-2961	355	8	that	that	PRON
cblr-2961	355	9	of	of	ADP
cblr-2961	355	10	an	an	DET
cblr-2961	355	11	arbitrage	arbitrage	NOUN
cblr-2961	355	12	player	player	NOUN
cblr-2961	355	13	,	,	PUNCT
cblr-2961	355	14	richard	richard	PROPN
cblr-2961	355	15	c.	c.	PROPN
cblr-2961	355	16	perry	perry	PROPN
cblr-2961	355	17	,	,	PUNCT
cblr-2961	355	18	a	a	DET
cblr-2961	355	19	hedge	hedge	NOUN
cblr-2961	355	20	fund	fund	NOUN
cblr-2961	355	21	manager	manager	NOUN
cblr-2961	355	22	who	who	PRON
cblr-2961	355	23	bought	buy	VERB
cblr-2961	355	24	king	king	NOUN
cblr-2961	355	25	's	's	PART
cblr-2961	355	26	shares	share	NOUN
cblr-2961	355	27	and	and	CCONJ
cblr-2961	355	28	sold	sell	VERB
cblr-2961	355	29	short	short	PROPN
cblr-2961	355	30	mylan	mylan	PROPN
cblr-2961	355	31	's	's	PART
cblr-2961	355	32	shares	share	NOUN
cblr-2961	355	33	in	in	ADP
cblr-2961	355	34	expectation	expectation	NOUN
cblr-2961	355	35	of	of	ADP
cblr-2961	355	36	the	the	DET
cblr-2961	355	37	success	success	NOUN
cblr-2961	355	38	of	of	ADP
cblr-2961	355	39	the	the	DET
cblr-2961	355	40	merger	merger	NOUN
cblr-2961	355	41	.	.	PUNCT
cblr-2961	356	1	"	"	PUNCT
cblr-2961	356	2	'	'	PUNCT
cblr-2961	356	3	to	to	PART
cblr-2961	356	4	protect	protect	VERB
cblr-2961	356	5	his	his	PRON
cblr-2961	356	6	investment	investment	NOUN
cblr-2961	356	7	,	,	PUNCT
cblr-2961	356	8	perry	perry	PROPN
cblr-2961	356	9	acquired	acquire	VERB
cblr-2961	356	10	ten	ten	NUM
cblr-2961	356	11	percent	percent	NOUN
cblr-2961	356	12	of	of	ADP
cblr-2961	356	13	mylan	mylan	PROPN
cblr-2961	356	14	shares	share	NOUN
cblr-2961	356	15	to	to	PART
cblr-2961	356	16	vote	vote	VERB
cblr-2961	356	17	in	in	ADP
cblr-2961	356	18	favor	favor	NOUN
cblr-2961	356	19	of	of	ADP
cblr-2961	356	20	the	the	DET
cblr-2961	356	21	merger	merger	NOUN
cblr-2961	356	22	but	but	CCONJ
cblr-2961	356	23	meanwhile	meanwhile	ADV
cblr-2961	356	24	obtained	obtain	VERB
cblr-2961	356	25	a	a	DET
cblr-2961	356	26	short	short	ADJ
cblr-2961	356	27	position	position	NOUN
cblr-2961	356	28	equal	equal	ADJ
cblr-2961	356	29	to	to	ADP
cblr-2961	356	30	the	the	DET
cblr-2961	356	31	stock	stock	NOUN
cblr-2961	356	32	he	he	PRON
cblr-2961	356	33	...	...	PUNCT
cblr-2961	356	34	hu	hu	PROPN
cblr-2961	356	35	&	&	CCONJ
cblr-2961	356	36	black	black	PROPN
cblr-2961	356	37	,	,	PUNCT
cblr-2961	356	38	supra	supra	PROPN
cblr-2961	356	39	note	note	NOUN
cblr-2961	356	40	105	105	NUM
cblr-2961	356	41	.	.	SYM
cblr-2961	356	42	111	111	NUM
cblr-2961	357	1	i	i	PROPN
cblr-2961	357	2	d.	d.	PROPN
cblr-2961	357	3	112	112	NUM
cblr-2961	358	1	i	i	PRON
cblr-2961	358	2	d.	d.	PROPN
cblr-2961	358	3	at	at	ADP
cblr-2961	358	4	814	814	NUM
cblr-2961	358	5	.	.	PUNCT
cblr-2961	359	1	see	see	VERB
cblr-2961	359	2	also	also	ADV
cblr-2961	359	3	frank	frank	PROPN
cblr-2961	359	4	h.	h.	PROPN
cblr-2961	359	5	easterbrook	easterbrook	PROPN
cblr-2961	359	6	&	&	CCONJ
cblr-2961	359	7	daniel	daniel	PROPN
cblr-2961	359	8	r.	r.	PROPN
cblr-2961	359	9	fischel	fischel	PROPN
cblr-2961	359	10	,	,	PUNCT
cblr-2961	359	11	the	the	DET
cblr-2961	359	12	economic	economic	ADJ
cblr-2961	359	13	structure	structure	NOUN
cblr-2961	359	14	of	of	ADP
cblr-2961	359	15	corporate	corporate	ADJ
cblr-2961	359	16	law	law	NOUN
cblr-2961	359	17	,	,	PUNCT
cblr-2961	359	18	63	63	NUM
cblr-2961	359	19	-	-	SYM
cblr-2961	359	20	67	67	NUM
cblr-2961	359	21	(	(	PUNCT
cblr-2961	359	22	1991	1991	NUM
cblr-2961	359	23	)	)	PUNCT
cblr-2961	359	24	(	(	PUNCT
cblr-2961	359	25	suggesting	suggest	VERB
cblr-2961	359	26	that	that	SCONJ
cblr-2961	359	27	placing	place	VERB
cblr-2961	359	28	the	the	DET
cblr-2961	359	29	power	power	NOUN
cblr-2961	359	30	to	to	PART
cblr-2961	359	31	oversee	oversee	VERB
cblr-2961	359	32	company	company	NOUN
cblr-2961	359	33	managers	manager	NOUN
cblr-2961	359	34	in	in	ADP
cblr-2961	359	35	the	the	DET
cblr-2961	359	36	hands	hand	NOUN
cblr-2961	359	37	of	of	ADP
cblr-2961	359	38	residual	residual	ADJ
cblr-2961	359	39	owners	owner	NOUN
cblr-2961	359	40	,	,	PUNCT
cblr-2961	359	41	who	who	PRON
cblr-2961	359	42	get	get	AUX
cblr-2961	359	43	paid	pay	VERB
cblr-2961	359	44	after	after	SCONJ
cblr-2961	359	45	everyone	everyone	PRON
cblr-2961	359	46	else	else	ADV
cblr-2961	359	47	is	be	AUX
cblr-2961	359	48	paid	pay	VERB
cblr-2961	359	49	,	,	PUNCT
cblr-2961	359	50	creates	create	VERB
cblr-2961	359	51	an	an	DET
cblr-2961	359	52	incentive	incentive	NOUN
cblr-2961	359	53	for	for	SCONJ
cblr-2961	359	54	them	they	PRON
cblr-2961	359	55	to	to	PART
cblr-2961	359	56	supervise	supervise	VERB
cblr-2961	359	57	the	the	DET
cblr-2961	359	58	board	board	NOUN
cblr-2961	359	59	to	to	PART
cblr-2961	359	60	increase	increase	VERB
cblr-2961	359	61	firm	firm	ADJ
cblr-2961	359	62	value	value	NOUN
cblr-2961	359	63	)	)	PUNCT
cblr-2961	359	64	.	.	PUNCT
cblr-2961	360	1	3	3	NUM
cblr-2961	360	2	bratton	bratton	PROPN
cblr-2961	360	3	,	,	PUNCT
cblr-2961	360	4	supra	supra	PROPN
cblr-2961	360	5	note	note	PROPN
cblr-2961	360	6	94	94	NUM
cblr-2961	360	7	,	,	PUNCT
cblr-2961	360	8	at	at	ADP
cblr-2961	360	9	1377	1377	NUM
cblr-2961	360	10	.	.	PUNCT
cblr-2961	361	1	114	114	NUM
cblr-2961	362	1	i	i	PROPN
cblr-2961	362	2	d.	d.	PROPN
cblr-2961	362	3	115	115	PROPN
cblr-2961	363	1	i	i	PRON
cblr-2961	363	2	d.	d.	PROPN
cblr-2961	363	3	116	116	NUM
cblr-2961	364	1	i	i	PRON
cblr-2961	364	2	d.	d.	PROPN
cblr-2961	364	3	117	117	NUM
cblr-2961	365	1	i	i	PROPN
cblr-2961	365	2	d.	d.	PROPN
cblr-2961	365	3	118	118	NUM
cblr-2961	366	1	i	i	NOUN
cblr-2961	366	2	d.	d.	PROPN
cblr-2961	367	1	[	[	X
cblr-2961	367	2	vol	vol	NOUN
cblr-2961	367	3	.	.	PUNCT
cblr-2961	367	4	2008	2008	NUM
cblr-2961	367	5	had	have	AUX
cblr-2961	367	6	purchased	purchase	VERB
cblr-2961	367	7	.	.	PUNCT
cblr-2961	368	1	119	119	NUM
cblr-2961	368	2	this	this	PRON
cblr-2961	368	3	rendered	render	VERB
cblr-2961	368	4	him	he	PRON
cblr-2961	368	5	a	a	DET
cblr-2961	368	6	ten	ten	NUM
cblr-2961	368	7	percent	percent	NOUN
cblr-2961	368	8	stockholder	stockholder	NOUN
cblr-2961	368	9	without	without	ADP
cblr-2961	368	10	any	any	DET
cblr-2961	368	11	economic	economic	ADJ
cblr-2961	368	12	interest	interest	NOUN
cblr-2961	368	13	tied	tie	VERB
cblr-2961	368	14	to	to	ADP
cblr-2961	368	15	the	the	DET
cblr-2961	368	16	future	future	NOUN
cblr-2961	368	17	of	of	ADP
cblr-2961	368	18	mylan.1	mylan.1	PROPN
cblr-2961	368	19	20	20	NUM
cblr-2961	368	20	it	it	PRON
cblr-2961	368	21	is	be	AUX
cblr-2961	368	22	important	important	ADJ
cblr-2961	368	23	to	to	PART
cblr-2961	368	24	note	note	VERB
cblr-2961	368	25	,	,	PUNCT
cblr-2961	368	26	however	however	ADV
cblr-2961	368	27	,	,	PUNCT
cblr-2961	368	28	that	that	SCONJ
cblr-2961	368	29	empty	empty	ADJ
cblr-2961	368	30	voting	voting	NOUN
cblr-2961	368	31	and	and	CCONJ
cblr-2961	368	32	negative	negative	ADJ
cblr-2961	368	33	voting	voting	NOUN
cblr-2961	368	34	are	be	AUX
cblr-2961	368	35	not	not	PART
cblr-2961	368	36	hedge	hedge	NOUN
cblr-2961	368	37	fund	fund	NOUN
cblr-2961	368	38	specific	specific	ADJ
cblr-2961	368	39	.	.	PUNCT
cblr-2961	369	1	decoupling	decouple	VERB
cblr-2961	369	2	is	be	AUX
cblr-2961	369	3	not	not	PART
cblr-2961	369	4	a	a	DET
cblr-2961	369	5	newly	newly	ADV
cblr-2961	369	6	emerging	emerge	VERB
cblr-2961	369	7	investment	investment	NOUN
cblr-2961	369	8	tactic	tactic	NOUN
cblr-2961	369	9	like	like	ADP
cblr-2961	369	10	hedge	hedge	NOUN
cblr-2961	369	11	fund	fund	NOUN
cblr-2961	369	12	activism	activism	NOUN
cblr-2961	369	13	.	.	PUNCT
cblr-2961	370	1	12	12	NUM
cblr-2961	370	2	1	1	NUM
cblr-2961	370	3	this	this	DET
cblr-2961	370	4	strategy	strategy	NOUN
cblr-2961	370	5	can	can	AUX
cblr-2961	370	6	be	be	AUX
cblr-2961	370	7	and	and	CCONJ
cblr-2961	370	8	has	have	AUX
cblr-2961	370	9	been	be	AUX
cblr-2961	370	10	used	use	VERB
cblr-2961	370	11	by	by	ADP
cblr-2961	370	12	other	other	ADJ
cblr-2961	370	13	types	type	NOUN
cblr-2961	370	14	of	of	ADP
cblr-2961	370	15	investors	investor	NOUN
cblr-2961	370	16	.	.	PUNCT
cblr-2961	371	1	'22	'22	NUM
cblr-2961	371	2	further	far	ADV
cblr-2961	371	3	,	,	PUNCT
cblr-2961	371	4	unlike	unlike	ADP
cblr-2961	371	5	the	the	DET
cblr-2961	371	6	alleged	alleged	ADJ
cblr-2961	371	7	problem	problem	NOUN
cblr-2961	371	8	of	of	ADP
cblr-2961	371	9	short	short	ADJ
cblr-2961	371	10	-	-	PUNCT
cblr-2961	371	11	termism	termism	NOUN
cblr-2961	371	12	,	,	PUNCT
cblr-2961	371	13	which	which	PRON
cblr-2961	371	14	arises	arise	VERB
cblr-2961	371	15	because	because	SCONJ
cblr-2961	371	16	it	it	PRON
cblr-2961	371	17	is	be	AUX
cblr-2961	371	18	almost	almost	ADV
cblr-2961	371	19	impossible	impossible	ADJ
cblr-2961	371	20	to	to	PART
cblr-2961	371	21	sort	sort	VERB
cblr-2961	371	22	out	out	ADP
cblr-2961	371	23	those	those	DET
cblr-2961	371	24	hedge	hedge	NOUN
cblr-2961	371	25	funds	fund	NOUN
cblr-2961	371	26	who	who	PRON
cblr-2961	371	27	extract	extract	VERB
cblr-2961	371	28	short	short	ADJ
cblr-2961	371	29	-	-	PUNCT
cblr-2961	371	30	term	term	NOUN
cblr-2961	371	31	profits	profit	NOUN
cblr-2961	371	32	but	but	CCONJ
cblr-2961	371	33	cause	cause	VERB
cblr-2961	371	34	more	more	ADV
cblr-2961	371	35	serious	serious	ADJ
cblr-2961	371	36	damage	damage	NOUN
cblr-2961	371	37	to	to	ADP
cblr-2961	371	38	the	the	DET
cblr-2961	371	39	target	target	NOUN
cblr-2961	371	40	's	's	PART
cblr-2961	371	41	long	long	ADJ
cblr-2961	371	42	term	term	NOUN
cblr-2961	371	43	development	development	NOUN
cblr-2961	371	44	,	,	PUNCT
cblr-2961	371	45	clear	clear	ADJ
cblr-2961	371	46	criteria	criterion	NOUN
cblr-2961	371	47	exist	exist	VERB
cblr-2961	371	48	to	to	PART
cblr-2961	371	49	sort	sort	VERB
cblr-2961	371	50	out	out	ADP
cblr-2961	371	51	those	those	PRON
cblr-2961	371	52	who	who	PRON
cblr-2961	371	53	vote	vote	VERB
cblr-2961	371	54	with	with	ADP
cblr-2961	371	55	zero	zero	NUM
cblr-2961	371	56	or	or	CCONJ
cblr-2961	371	57	net	net	ADJ
cblr-2961	371	58	negative	negative	ADJ
cblr-2961	371	59	economic	economic	ADJ
cblr-2961	371	60	interests	interest	NOUN
cblr-2961	371	61	.	.	PUNCT
cblr-2961	372	1	this	this	PRON
cblr-2961	372	2	is	be	AUX
cblr-2961	372	3	not	not	PART
cblr-2961	372	4	a	a	DET
cblr-2961	372	5	problem	problem	NOUN
cblr-2961	372	6	that	that	PRON
cblr-2961	372	7	intertwines	intertwine	VERB
cblr-2961	372	8	with	with	ADP
cblr-2961	372	9	hedge	hedge	NOUN
cblr-2961	372	10	fund	fund	NOUN
cblr-2961	372	11	activism	activism	NOUN
cblr-2961	372	12	.	.	PUNCT
cblr-2961	373	1	next	next	ADV
cblr-2961	373	2	,	,	PUNCT
cblr-2961	373	3	the	the	DET
cblr-2961	373	4	current	current	ADJ
cblr-2961	373	5	proposed	propose	VERB
cblr-2961	373	6	solution	solution	NOUN
cblr-2961	373	7	to	to	ADP
cblr-2961	373	8	empty	empty	ADJ
cblr-2961	373	9	or	or	CCONJ
cblr-2961	373	10	negative	negative	ADJ
cblr-2961	373	11	voting	voting	NOUN
cblr-2961	373	12	refers	refer	VERB
cblr-2961	373	13	to	to	ADP
cblr-2961	373	14	a	a	DET
cblr-2961	373	15	systematic	systematic	ADJ
cblr-2961	373	16	compulsory	compulsory	ADJ
cblr-2961	373	17	disclosure	disclosure	NOUN
cblr-2961	373	18	requirement	requirement	NOUN
cblr-2961	373	19	that	that	SCONJ
cblr-2961	373	20	large	large	ADJ
cblr-2961	373	21	shareholders	shareholder	NOUN
cblr-2961	373	22	disclose	disclose	VERB
cblr-2961	373	23	their	their	PRON
cblr-2961	373	24	short	short	ADJ
cblr-2961	373	25	positions	position	NOUN
cblr-2961	373	26	.	.	PUNCT
cblr-2961	374	1	'23	'23	NUM
cblr-2961	374	2	a	a	DET
cblr-2961	374	3	stricter	strict	ADJ
cblr-2961	374	4	disclosure	disclosure	NOUN
cblr-2961	374	5	rule	rule	NOUN
cblr-2961	374	6	would	would	AUX
cblr-2961	374	7	affect	affect	VERB
cblr-2961	374	8	neither	neither	CCONJ
cblr-2961	374	9	a	a	DET
cblr-2961	374	10	hedge	hedge	NOUN
cblr-2961	374	11	fund	fund	NOUN
cblr-2961	374	12	's	's	PART
cblr-2961	374	13	incentive	incentive	NOUN
cblr-2961	374	14	to	to	PART
cblr-2961	374	15	be	be	AUX
cblr-2961	374	16	an	an	DET
cblr-2961	374	17	activist	activist	NOUN
cblr-2961	374	18	,	,	PUNCT
cblr-2961	374	19	nor	nor	CCONJ
cblr-2961	374	20	its	its	PRON
cblr-2961	374	21	less	less	ADV
cblr-2961	374	22	regulated	regulated	ADJ
cblr-2961	374	23	status	status	NOUN
cblr-2961	374	24	.	.	PUNCT
cblr-2961	375	1	therefore	therefore	ADV
cblr-2961	375	2	,	,	PUNCT
cblr-2961	375	3	this	this	DET
cblr-2961	375	4	note	note	NOUN
cblr-2961	375	5	does	do	AUX
cblr-2961	375	6	not	not	PART
cblr-2961	375	7	pursue	pursue	VERB
cblr-2961	375	8	further	further	ADJ
cblr-2961	375	9	discussion	discussion	NOUN
cblr-2961	375	10	over	over	ADP
cblr-2961	375	11	this	this	DET
cblr-2961	375	12	issue	issue	NOUN
cblr-2961	375	13	.	.	PUNCT
cblr-2961	376	1	iv	iv	X
cblr-2961	376	2	.	.	PUNCT
cblr-2961	377	1	the	the	DET
cblr-2961	377	2	alleged	alleged	ADJ
cblr-2961	377	3	risk	risk	NOUN
cblr-2961	377	4	of	of	ADP
cblr-2961	377	5	short	short	ADJ
cblr-2961	377	6	-	-	PUNCT
cblr-2961	377	7	termism	termism	NOUN
cblr-2961	377	8	is	be	AUX
cblr-2961	377	9	likely	likely	ADV
cblr-2961	377	10	overstated	overstate	VERB
cblr-2961	377	11	the	the	DET
cblr-2961	377	12	alleged	alleged	ADJ
cblr-2961	377	13	risk	risk	NOUN
cblr-2961	377	14	of	of	ADP
cblr-2961	377	15	short	short	ADJ
cblr-2961	377	16	-	-	PUNCT
cblr-2961	377	17	termism	termism	NOUN
cblr-2961	377	18	is	be	AUX
cblr-2961	377	19	overstated	overstate	VERB
cblr-2961	377	20	;	;	PUNCT
cblr-2961	377	21	this	this	PRON
cblr-2961	377	22	suggests	suggest	VERB
cblr-2961	377	23	that	that	SCONJ
cblr-2961	377	24	hedge	hedge	NOUN
cblr-2961	377	25	fund	fund	NOUN
cblr-2961	377	26	activism	activism	NOUN
cblr-2961	377	27	could	could	AUX
cblr-2961	377	28	play	play	VERB
cblr-2961	377	29	a	a	DET
cblr-2961	377	30	positive	positive	ADJ
cblr-2961	377	31	role	role	NOUN
cblr-2961	377	32	in	in	ADP
cblr-2961	377	33	the	the	DET
cblr-2961	377	34	market	market	NOUN
cblr-2961	377	35	.	.	PUNCT
cblr-2961	378	1	first	first	ADV
cblr-2961	378	2	,	,	PUNCT
cblr-2961	378	3	assumptions	assumption	NOUN
cblr-2961	378	4	about	about	ADP
cblr-2961	378	5	hedge	hedge	NOUN
cblr-2961	378	6	fund	fund	NOUN
cblr-2961	378	7	behavior	behavior	NOUN
cblr-2961	378	8	and	and	CCONJ
cblr-2961	378	9	the	the	DET
cblr-2961	378	10	market	market	NOUN
cblr-2961	378	11	's	's	PART
cblr-2961	378	12	reaction	reaction	NOUN
cblr-2961	378	13	to	to	PART
cblr-2961	378	14	hedge	hedge	VERB
cblr-2961	378	15	fund	fund	NOUN
cblr-2961	378	16	investment	investment	NOUN
cblr-2961	378	17	have	have	AUX
cblr-2961	378	18	not	not	PART
cblr-2961	378	19	been	be	AUX
cblr-2961	378	20	supported	support	VERB
cblr-2961	378	21	by	by	ADP
cblr-2961	378	22	empirical	empirical	ADJ
cblr-2961	378	23	evidence	evidence	NOUN
cblr-2961	378	24	.	.	PUNCT
cblr-2961	379	1	second	second	ADJ
cblr-2961	379	2	,	,	PUNCT
cblr-2961	379	3	investors	investor	NOUN
cblr-2961	379	4	and	and	CCONJ
cblr-2961	379	5	reputational	reputational	ADJ
cblr-2961	379	6	sanctions	sanction	NOUN
cblr-2961	379	7	deter	deter	VERB
cblr-2961	379	8	value	value	NOUN
cblr-2961	379	9	-	-	PUNCT
cblr-2961	379	10	decreasing	decrease	VERB
cblr-2961	379	11	119	119	NUM
cblr-2961	379	12	i	i	NOUN
cblr-2961	379	13	d.	d.	PROPN
cblr-2961	379	14	120	120	NUM
cblr-2961	379	15	hu	hu	PROPN
cblr-2961	379	16	&	&	CCONJ
cblr-2961	379	17	black	black	PROPN
cblr-2961	379	18	,	,	PUNCT
cblr-2961	379	19	supra	supra	PROPN
cblr-2961	379	20	note	note	NOUN
cblr-2961	379	21	105	105	NUM
cblr-2961	379	22	.	.	NUM
cblr-2961	379	23	121	121	NUM
cblr-2961	380	1	i	i	PROPN
cblr-2961	380	2	d.	d.	PROPN
cblr-2961	380	3	(	(	PUNCT
cblr-2961	380	4	suggesting	suggest	VERB
cblr-2961	380	5	that	that	SCONJ
cblr-2961	380	6	"	"	PUNCT
cblr-2961	380	7	the	the	DET
cblr-2961	380	8	theoretical	theoretical	ADJ
cblr-2961	380	9	possibility	possibility	NOUN
cblr-2961	380	10	of	of	ADP
cblr-2961	380	11	decoupling	decouple	VERB
cblr-2961	380	12	votes	vote	NOUN
cblr-2961	380	13	from	from	ADP
cblr-2961	380	14	economic	economic	ADJ
cblr-2961	380	15	ownership	ownership	NOUN
cblr-2961	380	16	is	be	AUX
cblr-2961	380	17	not	not	PART
cblr-2961	380	18	new	new	ADJ
cblr-2961	380	19	"	"	PUNCT
cblr-2961	380	20	)	)	PUNCT
cblr-2961	380	21	.	.	PUNCT
cblr-2961	381	1	122	122	NUM
cblr-2961	382	1	i	i	PRON
cblr-2961	382	2	d.	d.	PROPN
cblr-2961	382	3	at	at	ADP
cblr-2961	382	4	819	819	NUM
cblr-2961	382	5	(	(	PUNCT
cblr-2961	382	6	listing	list	VERB
cblr-2961	382	7	examples	example	NOUN
cblr-2961	382	8	of	of	ADP
cblr-2961	382	9	decoupling	decouple	VERB
cblr-2961	382	10	economic	economic	ADJ
cblr-2961	382	11	interests	interest	NOUN
cblr-2961	382	12	from	from	ADP
cblr-2961	382	13	voting	vote	VERB
cblr-2961	382	14	rights	right	NOUN
cblr-2961	382	15	(	(	PUNCT
cblr-2961	382	16	voting	voting	NOUN
cblr-2961	382	17	buying	buying	NOUN
cblr-2961	382	18	)	)	PUNCT
cblr-2961	382	19	where	where	SCONJ
cblr-2961	382	20	many	many	ADJ
cblr-2961	382	21	cases	case	NOUN
cblr-2961	382	22	do	do	AUX
cblr-2961	382	23	not	not	PART
cblr-2961	382	24	involve	involve	VERB
cblr-2961	382	25	hedge	hedge	ADJ
cblr-2961	382	26	funds	fund	NOUN
cblr-2961	382	27	)	)	PUNCT
cblr-2961	382	28	.	.	PUNCT
cblr-2961	383	1	123	123	NUM
cblr-2961	384	1	i	i	PRON
cblr-2961	384	2	d.	d.	VERB
cblr-2961	384	3	at	at	ADP
cblr-2961	384	4	864	864	NUM
cblr-2961	384	5	-	-	SYM
cblr-2961	384	6	86	86	NUM
cblr-2961	384	7	.	.	PUNCT
cblr-2961	385	1	no	no	INTJ
cblr-2961	385	2	.	.	PUNCT
cblr-2961	386	1	2:7241	2:7241	NUM
cblr-2961	386	2	hedge	hedge	NOUN
cblr-2961	386	3	fund	fund	PROPN
cblr-2961	386	4	activism	activism	PROPN
cblr-2961	386	5	columbia	columbia	PROPN
cblr-2961	386	6	business	business	PROPN
cblr-2961	386	7	law	law	PROPN
cblr-2961	386	8	review	review	VERB
cblr-2961	386	9	hedge	hedge	NOUN
cblr-2961	386	10	fund	fund	NOUN
cblr-2961	386	11	activities	activity	NOUN
cblr-2961	386	12	.	.	PUNCT
cblr-2961	387	1	finally	finally	ADV
cblr-2961	387	2	,	,	PUNCT
cblr-2961	387	3	hedge	hedge	NOUN
cblr-2961	387	4	fund	fund	NOUN
cblr-2961	387	5	activism	activism	NOUN
cblr-2961	387	6	can	can	AUX
cblr-2961	387	7	have	have	VERB
cblr-2961	387	8	a	a	DET
cblr-2961	387	9	positive	positive	ADJ
cblr-2961	387	10	impact	impact	NOUN
cblr-2961	387	11	on	on	ADP
cblr-2961	387	12	the	the	DET
cblr-2961	387	13	market	market	NOUN
cblr-2961	387	14	.	.	PUNCT
cblr-2961	388	1	a.	a.	PROPN
cblr-2961	388	2	mistaken	mistaken	PROPN
cblr-2961	388	3	assumptions	assumption	NOUN
cblr-2961	388	4	about	about	ADP
cblr-2961	388	5	hedge	hedge	NOUN
cblr-2961	388	6	fund	fund	NOUN
cblr-2961	388	7	activists	activist	NOUN
cblr-2961	388	8	crucial	crucial	ADJ
cblr-2961	388	9	assumptions	assumption	NOUN
cblr-2961	388	10	about	about	ADP
cblr-2961	388	11	hedge	hedge	NOUN
cblr-2961	388	12	fund	fund	NOUN
cblr-2961	388	13	behavior	behavior	NOUN
cblr-2961	388	14	underlie	underlie	VERB
cblr-2961	388	15	opposition	opposition	NOUN
cblr-2961	388	16	to	to	PART
cblr-2961	388	17	hedge	hedge	VERB
cblr-2961	388	18	fund	fund	NOUN
cblr-2961	388	19	activism	activism	NOUN
cblr-2961	388	20	.	.	PUNCT
cblr-2961	389	1	however	however	ADV
cblr-2961	389	2	,	,	PUNCT
cblr-2961	389	3	empirical	empirical	ADJ
cblr-2961	389	4	evidence	evidence	NOUN
cblr-2961	389	5	and	and	CCONJ
cblr-2961	389	6	other	other	ADJ
cblr-2961	389	7	considerations	consideration	NOUN
cblr-2961	389	8	suggest	suggest	VERB
cblr-2961	389	9	that	that	SCONJ
cblr-2961	389	10	these	these	DET
cblr-2961	389	11	assumptions	assumption	NOUN
cblr-2961	389	12	are	be	AUX
cblr-2961	389	13	misguided	misguided	ADJ
cblr-2961	389	14	.	.	PUNCT
cblr-2961	390	1	hedge	hedge	NOUN
cblr-2961	390	2	fund	fund	NOUN
cblr-2961	390	3	activists	activist	NOUN
cblr-2961	390	4	are	be	AUX
cblr-2961	390	5	not	not	PART
cblr-2961	390	6	extreme	extreme	ADJ
cblr-2961	390	7	short	short	ADJ
cblr-2961	390	8	-	-	PUNCT
cblr-2961	390	9	term	term	NOUN
cblr-2961	390	10	equity	equity	NOUN
cblr-2961	390	11	holders	holder	NOUN
cblr-2961	390	12	.	.	PUNCT
cblr-2961	391	1	long	long	ADJ
cblr-2961	391	2	-	-	PUNCT
cblr-2961	391	3	term	term	NOUN
cblr-2961	391	4	investment	investment	NOUN
cblr-2961	391	5	,	,	PUNCT
cblr-2961	391	6	such	such	ADJ
cblr-2961	391	7	as	as	ADP
cblr-2961	391	8	research	research	NOUN
cblr-2961	391	9	and	and	CCONJ
cblr-2961	391	10	development	development	NOUN
cblr-2961	391	11	(	(	PUNCT
cblr-2961	391	12	"	"	PUNCT
cblr-2961	391	13	r&d	r&d	NOUN
cblr-2961	391	14	"	"	PUNCT
cblr-2961	391	15	)	)	PUNCT
cblr-2961	391	16	,	,	PUNCT
cblr-2961	391	17	does	do	AUX
cblr-2961	391	18	not	not	PART
cblr-2961	391	19	drastically	drastically	ADV
cblr-2961	391	20	decline	decline	VERB
cblr-2961	391	21	in	in	ADP
cblr-2961	391	22	hedge	hedge	NOUN
cblr-2961	391	23	fund	fund	NOUN
cblr-2961	391	24	activists	activist	NOUN
cblr-2961	391	25	'	'	PART
cblr-2961	391	26	targets	target	NOUN
cblr-2961	391	27	,	,	PUNCT
cblr-2961	391	28	and	and	CCONJ
cblr-2961	391	29	hedge	hedge	NOUN
cblr-2961	391	30	fund	fund	NOUN
cblr-2961	391	31	activism	activism	NOUN
cblr-2961	391	32	is	be	AUX
cblr-2961	391	33	overall	overall	ADJ
cblr-2961	391	34	value	value	NOUN
cblr-2961	391	35	-	-	PUNCT
cblr-2961	391	36	increasing	increase	VERB
cblr-2961	391	37	.	.	PUNCT
cblr-2961	392	1	1	1	X
cblr-2961	392	2	.	.	X
cblr-2961	392	3	hedge	hedge	NOUN
cblr-2961	392	4	fund	fund	NOUN
cblr-2961	392	5	activists	activist	NOUN
cblr-2961	392	6	are	be	AUX
cblr-2961	392	7	not	not	PART
cblr-2961	392	8	extreme	extreme	ADJ
cblr-2961	392	9	shortterm	shortterm	PROPN
cblr-2961	392	10	equity	equity	NOUN
cblr-2961	392	11	holders	holder	NOUN
cblr-2961	392	12	and	and	CCONJ
cblr-2961	392	13	are	be	AUX
cblr-2961	392	14	not	not	PART
cblr-2961	392	15	necessarily	necessarily	ADV
cblr-2961	392	16	more	more	ADV
cblr-2961	392	17	myopic	myopic	ADJ
cblr-2961	392	18	than	than	ADP
cblr-2961	392	19	corporate	corporate	ADJ
cblr-2961	392	20	managers	manager	NOUN
cblr-2961	392	21	those	those	PRON
cblr-2961	392	22	who	who	PRON
cblr-2961	392	23	criticize	criticize	VERB
cblr-2961	392	24	hedge	hedge	NOUN
cblr-2961	392	25	fund	fund	NOUN
cblr-2961	392	26	activists	activist	NOUN
cblr-2961	392	27	as	as	ADP
cblr-2961	392	28	valuedecreasing	valuedecrease	VERB
cblr-2961	392	29	short	short	ADJ
cblr-2961	392	30	-	-	PUNCT
cblr-2961	392	31	termists	termist	NOUN
cblr-2961	392	32	assume	assume	VERB
cblr-2961	392	33	that	that	SCONJ
cblr-2961	392	34	hedge	hedge	NOUN
cblr-2961	392	35	funds	fund	NOUN
cblr-2961	392	36	hold	hold	VERB
cblr-2961	392	37	equity	equity	NOUN
cblr-2961	392	38	only	only	ADV
cblr-2961	392	39	for	for	ADP
cblr-2961	392	40	an	an	DET
cblr-2961	392	41	extremely	extremely	ADV
cblr-2961	392	42	short	short	ADJ
cblr-2961	392	43	period	period	NOUN
cblr-2961	392	44	of	of	ADP
cblr-2961	392	45	time'24	time'24	ADV
cblr-2961	392	46	and	and	CCONJ
cblr-2961	392	47	that	that	SCONJ
cblr-2961	392	48	hedge	hedge	NOUN
cblr-2961	392	49	funds	fund	NOUN
cblr-2961	392	50	are	be	AUX
cblr-2961	392	51	more	more	ADV
cblr-2961	392	52	short	short	ADV
cblr-2961	392	53	-	-	PUNCT
cblr-2961	392	54	sighted	sighted	ADJ
cblr-2961	392	55	than	than	ADP
cblr-2961	392	56	corporate	corporate	ADJ
cblr-2961	392	57	managers	manager	NOUN
cblr-2961	392	58	.	.	PUNCT
cblr-2961	393	1	2	2	NUM
cblr-2961	393	2	these	these	DET
cblr-2961	393	3	two	two	NUM
cblr-2961	393	4	assumptions	assumption	NOUN
cblr-2961	393	5	are	be	AUX
cblr-2961	393	6	misguided	misguided	ADJ
cblr-2961	393	7	.	.	PUNCT
cblr-2961	394	1	a	a	DET
cblr-2961	394	2	recent	recent	ADJ
cblr-2961	394	3	study	study	NOUN
cblr-2961	394	4	investigates	investigate	VERB
cblr-2961	394	5	the	the	DET
cblr-2961	394	6	amount	amount	NOUN
cblr-2961	394	7	of	of	ADP
cblr-2961	394	8	time	time	NOUN
cblr-2961	394	9	hedge	hedge	NOUN
cblr-2961	394	10	fund	fund	NOUN
cblr-2961	394	11	activists	activist	NOUN
cblr-2961	394	12	hold	hold	VERB
cblr-2961	394	13	equity	equity	NOUN
cblr-2961	394	14	of	of	ADP
cblr-2961	394	15	their	their	PRON
cblr-2961	394	16	target	target	NOUN
cblr-2961	394	17	companies	company	NOUN
cblr-2961	394	18	and	and	CCONJ
cblr-2961	394	19	concludes	conclude	VERB
cblr-2961	394	20	that	that	SCONJ
cblr-2961	394	21	hedge	hedge	NOUN
cblr-2961	394	22	fund	fund	NOUN
cblr-2961	394	23	activists	activist	NOUN
cblr-2961	394	24	typically	typically	ADV
cblr-2961	394	25	commit	commit	VERB
cblr-2961	394	26	to	to	ADP
cblr-2961	394	27	their	their	PRON
cblr-2961	394	28	targets	target	NOUN
cblr-2961	394	29	for	for	ADP
cblr-2961	394	30	at	at	ADV
cblr-2961	394	31	least	least	ADV
cblr-2961	394	32	two	two	NUM
cblr-2961	394	33	years	year	NOUN
cblr-2961	394	34	.	.	PUNCT
cblr-2961	395	1	26	26	NUM
cblr-2961	395	2	the	the	DET
cblr-2961	395	3	vast	vast	ADJ
cblr-2961	395	4	majority	majority	NOUN
cblr-2961	395	5	(	(	PUNCT
cblr-2961	395	6	eightyone	eightyone	NOUN
cblr-2961	395	7	percent	percent	NOUN
cblr-2961	395	8	)	)	PUNCT
cblr-2961	395	9	of	of	ADP
cblr-2961	395	10	hedge	hedge	NOUN
cblr-2961	395	11	fund	fund	NOUN
cblr-2961	395	12	activists	activist	NOUN
cblr-2961	395	13	studied	study	VERB
cblr-2961	395	14	either	either	CCONJ
cblr-2961	395	15	retained	retain	VERB
cblr-2961	395	16	their	their	PRON
cblr-2961	395	17	investment	investment	NOUN
cblr-2961	395	18	during	during	ADP
cblr-2961	395	19	the	the	DET
cblr-2961	395	20	three	three	NUM
cblr-2961	395	21	-	-	PUNCT
cblr-2961	395	22	year	year	NOUN
cblr-2961	395	23	measured	measure	VERB
cblr-2961	395	24	period	period	NOUN
cblr-2961	395	25	or	or	CCONJ
cblr-2961	395	26	exited	exit	VERB
cblr-2961	395	27	when	when	SCONJ
cblr-2961	395	28	the	the	DET
cblr-2961	395	29	target	target	NOUN
cblr-2961	395	30	company	company	NOUN
cblr-2961	395	31	was	be	AUX
cblr-2961	395	32	sold.127	sold.127	NOUN
cblr-2961	395	33	among	among	ADP
cblr-2961	395	34	the	the	DET
cblr-2961	395	35	few	few	ADJ
cblr-2961	395	36	124	124	NUM
cblr-2961	395	37	lipton	lipton	PROPN
cblr-2961	395	38	&	&	CCONJ
cblr-2961	395	39	savitt	savitt	PROPN
cblr-2961	395	40	,	,	PUNCT
cblr-2961	395	41	supra	supra	PROPN
cblr-2961	395	42	note	note	NOUN
cblr-2961	395	43	96	96	NUM
cblr-2961	395	44	.	.	SYM
cblr-2961	396	1	125	125	NUM
cblr-2961	396	2	barnard	barnard	PROPN
cblr-2961	396	3	,	,	PUNCT
cblr-2961	396	4	supra	supra	PROPN
cblr-2961	396	5	note	note	PROPN
cblr-2961	396	6	95	95	NUM
cblr-2961	396	7	(	(	PUNCT
cblr-2961	396	8	discussing	discuss	VERB
cblr-2961	396	9	that	that	SCONJ
cblr-2961	396	10	many	many	ADJ
cblr-2961	396	11	managers	manager	NOUN
cblr-2961	396	12	and	and	CCONJ
cblr-2961	396	13	scholars	scholar	NOUN
cblr-2961	396	14	believe	believe	VERB
cblr-2961	396	15	managers	manager	NOUN
cblr-2961	396	16	are	be	AUX
cblr-2961	396	17	entitled	entitle	VERB
cblr-2961	396	18	to	to	ADP
cblr-2961	396	19	more	more	ADJ
cblr-2961	396	20	deference	deference	NOUN
cblr-2961	396	21	when	when	SCONJ
cblr-2961	396	22	long	long	ADJ
cblr-2961	396	23	-	-	PUNCT
cblr-2961	396	24	term	term	NOUN
cblr-2961	396	25	business	business	NOUN
cblr-2961	396	26	decisions	decision	NOUN
cblr-2961	396	27	are	be	AUX
cblr-2961	396	28	made	make	VERB
cblr-2961	396	29	because	because	SCONJ
cblr-2961	396	30	most	most	ADJ
cblr-2961	396	31	institutional	institutional	ADJ
cblr-2961	396	32	shareholders	shareholder	NOUN
cblr-2961	396	33	are	be	AUX
cblr-2961	396	34	merely	merely	ADV
cblr-2961	396	35	short	short	ADJ
cblr-2961	396	36	-	-	PUNCT
cblr-2961	396	37	term	term	NOUN
cblr-2961	396	38	traders	trader	NOUN
cblr-2961	396	39	)	)	PUNCT
cblr-2961	396	40	.	.	PUNCT
cblr-2961	397	1	126	126	NUM
cblr-2961	397	2	bratton	bratton	PROPN
cblr-2961	397	3	,	,	PUNCT
cblr-2961	397	4	supra	supra	PROPN
cblr-2961	397	5	note	note	PROPN
cblr-2961	397	6	94	94	NUM
cblr-2961	397	7	,	,	PUNCT
cblr-2961	397	8	at	at	ADP
cblr-2961	397	9	1380	1380	NUM
cblr-2961	397	10	(	(	PUNCT
cblr-2961	397	11	"	"	PUNCT
cblr-2961	397	12	the	the	DET
cblr-2961	397	13	activists	activist	NOUN
cblr-2961	397	14	more	more	ADV
cblr-2961	397	15	typically	typically	ADV
cblr-2961	397	16	invest	invest	VERB
cblr-2961	397	17	for	for	ADP
cblr-2961	397	18	an	an	DET
cblr-2961	397	19	intermediate	intermediate	ADJ
cblr-2961	397	20	term	term	NOUN
cblr-2961	397	21	of	of	ADP
cblr-2961	397	22	two	two	NUM
cblr-2961	397	23	years	year	NOUN
cblr-2961	397	24	or	or	CCONJ
cblr-2961	397	25	longer	long	ADJ
cblr-2961	397	26	.	.	PUNCT
cblr-2961	398	1	"	"	PUNCT
cblr-2961	398	2	)	)	PUNCT
cblr-2961	398	3	.	.	PUNCT
cblr-2961	399	1	127	127	NUM
cblr-2961	400	1	i	i	PRON
cblr-2961	400	2	d.	d.	PROPN
cblr-2961	400	3	at	at	ADP
cblr-2961	400	4	1412	1412	NUM
cblr-2961	400	5	(	(	PUNCT
cblr-2961	400	6	finding	find	VERB
cblr-2961	400	7	that	that	SCONJ
cblr-2961	400	8	during	during	ADP
cblr-2961	400	9	the	the	DET
cblr-2961	400	10	measured	measured	ADJ
cblr-2961	400	11	period	period	NOUN
cblr-2961	400	12	2002	2002	NUM
cblr-2961	400	13	to	to	ADP
cblr-2961	400	14	2004	2004	NUM
cblr-2961	400	15	,	,	PUNCT
cblr-2961	400	16	an	an	DET
cblr-2961	400	17	impressive	impressive	ADJ
cblr-2961	400	18	eighty	eighty	NUM
cblr-2961	400	19	-	-	PUNCT
cblr-2961	400	20	one	one	NUM
cblr-2961	400	21	percent	percent	NOUN
cblr-2961	400	22	of	of	ADP
cblr-2961	400	23	the	the	DET
cblr-2961	400	24	cases	case	NOUN
cblr-2961	400	25	"	"	PUNCT
cblr-2961	400	26	either	either	CCONJ
cblr-2961	400	27	retained	retain	VERB
cblr-2961	400	28	a	a	DET
cblr-2961	400	29	[	[	X
cblr-2961	400	30	vol	vol	NOUN
cblr-2961	400	31	.	.	NOUN
cblr-2961	400	32	2008	2008	NUM
cblr-2961	400	33	cases	case	NOUN
cblr-2961	400	34	in	in	ADP
cblr-2961	400	35	which	which	PRON
cblr-2961	400	36	hedge	hedge	NOUN
cblr-2961	400	37	fund	fund	NOUN
cblr-2961	400	38	activists	activist	NOUN
cblr-2961	400	39	sold	sell	VERB
cblr-2961	400	40	their	their	PRON
cblr-2961	400	41	holdings	holding	NOUN
cblr-2961	400	42	,	,	PUNCT
cblr-2961	400	43	only	only	ADV
cblr-2961	400	44	eight	eight	NUM
cblr-2961	400	45	of	of	ADP
cblr-2961	400	46	them	they	PRON
cblr-2961	400	47	held	hold	VERB
cblr-2961	400	48	stocks	stock	NOUN
cblr-2961	400	49	less	less	ADJ
cblr-2961	400	50	than	than	ADP
cblr-2961	400	51	a	a	PRON
cblr-2961	400	52	year	year	NOUN
cblr-2961	400	53	.	.	PUNCT
cblr-2961	401	1	28	28	NUM
cblr-2961	402	1	this	this	DET
cblr-2961	402	2	evidence	evidence	NOUN
cblr-2961	402	3	rebuts	rebut	VERB
cblr-2961	402	4	the	the	DET
cblr-2961	402	5	assumption	assumption	NOUN
cblr-2961	402	6	that	that	SCONJ
cblr-2961	402	7	hedge	hedge	NOUN
cblr-2961	402	8	funds	fund	NOUN
cblr-2961	402	9	are	be	AUX
cblr-2961	402	10	generally	generally	ADV
cblr-2961	402	11	extremely	extremely	ADV
cblr-2961	402	12	short	short	ADJ
cblr-2961	402	13	-	-	PUNCT
cblr-2961	402	14	term	term	NOUN
cblr-2961	402	15	traders	trader	NOUN
cblr-2961	402	16	.	.	PUNCT
cblr-2961	403	1	further	far	ADV
cblr-2961	403	2	,	,	PUNCT
cblr-2961	403	3	short	short	ADJ
cblr-2961	403	4	-	-	PUNCT
cblr-2961	403	5	termism	termism	NOUN
cblr-2961	403	6	is	be	AUX
cblr-2961	403	7	not	not	PART
cblr-2961	403	8	exclusively	exclusively	ADV
cblr-2961	403	9	a	a	DET
cblr-2961	403	10	hedge	hedge	NOUN
cblr-2961	403	11	fund	fund	NOUN
cblr-2961	403	12	problem	problem	NOUN
cblr-2961	403	13	because	because	SCONJ
cblr-2961	403	14	corporate	corporate	ADJ
cblr-2961	403	15	managers	manager	NOUN
cblr-2961	403	16	who	who	PRON
cblr-2961	403	17	receive	receive	VERB
cblr-2961	403	18	stock	stock	NOUN
cblr-2961	403	19	options	option	NOUN
cblr-2961	403	20	as	as	ADP
cblr-2961	403	21	part	part	NOUN
cblr-2961	403	22	of	of	ADP
cblr-2961	403	23	their	their	PRON
cblr-2961	403	24	compensation	compensation	NOUN
cblr-2961	403	25	packages	package	NOUN
cblr-2961	403	26	may	may	AUX
cblr-2961	403	27	also	also	ADV
cblr-2961	403	28	be	be	AUX
cblr-2961	403	29	short	short	ADJ
cblr-2961	403	30	-	-	PUNCT
cblr-2961	403	31	sighted	sighted	ADJ
cblr-2961	403	32	.	.	PUNCT
cblr-2961	404	1	129	129	NUM
cblr-2961	404	2	for	for	ADP
cblr-2961	404	3	example	example	NOUN
cblr-2961	404	4	,	,	PUNCT
cblr-2961	404	5	managers	manager	NOUN
cblr-2961	404	6	pursuing	pursue	VERB
cblr-2961	404	7	their	their	PRON
cblr-2961	404	8	short	short	ADJ
cblr-2961	404	9	-	-	PUNCT
cblr-2961	404	10	term	term	NOUN
cblr-2961	404	11	interests	interest	NOUN
cblr-2961	404	12	may	may	AUX
cblr-2961	404	13	adopt	adopt	VERB
cblr-2961	404	14	strategies	strategy	NOUN
cblr-2961	404	15	that	that	PRON
cblr-2961	404	16	will	will	AUX
cblr-2961	404	17	exaggerate	exaggerate	VERB
cblr-2961	404	18	earnings	earning	NOUN
cblr-2961	404	19	or	or	CCONJ
cblr-2961	404	20	hide	hide	VERB
cblr-2961	404	21	losses	loss	NOUN
cblr-2961	404	22	,	,	PUNCT
cblr-2961	404	23	thereby	thereby	ADV
cblr-2961	404	24	distorting	distort	VERB
cblr-2961	404	25	the	the	DET
cblr-2961	404	26	company	company	NOUN
cblr-2961	404	27	's	's	PART
cblr-2961	404	28	financial	financial	ADJ
cblr-2961	404	29	statements	statement	NOUN
cblr-2961	404	30	to	to	PART
cblr-2961	404	31	ensure	ensure	VERB
cblr-2961	404	32	that	that	SCONJ
cblr-2961	404	33	the	the	DET
cblr-2961	404	34	company	company	NOUN
cblr-2961	404	35	's	's	PART
cblr-2961	404	36	performance	performance	NOUN
cblr-2961	404	37	lives	live	VERB
cblr-2961	404	38	up	up	ADP
cblr-2961	404	39	to	to	ADP
cblr-2961	404	40	the	the	DET
cblr-2961	404	41	short	short	ADJ
cblr-2961	404	42	-	-	PUNCT
cblr-2961	404	43	term	term	NOUN
cblr-2961	404	44	market	market	NOUN
cblr-2961	404	45	expectation	expectation	NOUN
cblr-2961	404	46	.	.	PUNCT
cblr-2961	405	1	this	this	PRON
cblr-2961	405	2	will	will	AUX
cblr-2961	405	3	lift	lift	VERB
cblr-2961	405	4	the	the	DET
cblr-2961	405	5	stock	stock	NOUN
cblr-2961	405	6	price	price	NOUN
cblr-2961	405	7	above	above	ADP
cblr-2961	405	8	its	its	PRON
cblr-2961	405	9	actual	actual	ADJ
cblr-2961	405	10	value	value	NOUN
cblr-2961	405	11	,	,	PUNCT
cblr-2961	405	12	making	make	VERB
cblr-2961	405	13	their	their	PRON
cblr-2961	405	14	options	option	NOUN
cblr-2961	405	15	more	more	ADV
cblr-2961	405	16	valuable.130	valuable.130	ADJ
cblr-2961	405	17	if	if	SCONJ
cblr-2961	405	18	the	the	DET
cblr-2961	405	19	manager	manager	NOUN
cblr-2961	405	20	is	be	AUX
cblr-2961	405	21	about	about	ADJ
cblr-2961	405	22	to	to	PART
cblr-2961	405	23	retire	retire	VERB
cblr-2961	405	24	,	,	PUNCT
cblr-2961	405	25	the	the	DET
cblr-2961	405	26	danger	danger	NOUN
cblr-2961	405	27	of	of	ADP
cblr-2961	405	28	such	such	ADJ
cblr-2961	405	29	short	short	ADJ
cblr-2961	405	30	-	-	PUNCT
cblr-2961	405	31	sightedness	sightedness	NOUN
cblr-2961	405	32	may	may	AUX
cblr-2961	405	33	be	be	AUX
cblr-2961	405	34	even	even	ADV
cblr-2961	405	35	greater	great	ADJ
cblr-2961	405	36	because	because	SCONJ
cblr-2961	405	37	reputational	reputational	ADJ
cblr-2961	405	38	sanctions	sanction	NOUN
cblr-2961	405	39	will	will	AUX
cblr-2961	405	40	no	no	ADV
cblr-2961	405	41	longer	long	ADV
cblr-2961	405	42	deter	deter	VERB
cblr-2961	405	43	him	he	PRON
cblr-2961	405	44	.	.	PUNCT
cblr-2961	406	1	1	1	NUM
cblr-2961	406	2	'	'	PUNCT
cblr-2961	406	3	thus	thus	ADV
cblr-2961	406	4	,	,	PUNCT
cblr-2961	406	5	a	a	DET
cblr-2961	406	6	hedge	hedge	NOUN
cblr-2961	406	7	fund	fund	NOUN
cblr-2961	406	8	activist	activist	NOUN
cblr-2961	406	9	may	may	AUX
cblr-2961	406	10	be	be	AUX
cblr-2961	406	11	a	a	DET
cblr-2961	406	12	better	well	ADV
cblr-2961	406	13	substantial	substantial	ADJ
cblr-2961	406	14	investment	investment	NOUN
cblr-2961	406	15	in	in	ADP
cblr-2961	406	16	the	the	DET
cblr-2961	406	17	target	target	NOUN
cblr-2961	406	18	or	or	CCONJ
cblr-2961	406	19	took	take	VERB
cblr-2961	406	20	payout	payout	NOUN
cblr-2961	406	21	on	on	ADP
cblr-2961	406	22	a	a	DET
cblr-2961	406	23	pro	pro	ADJ
cblr-2961	406	24	rata	rata	ADJ
cblr-2961	406	25	basis	basis	NOUN
cblr-2961	406	26	with	with	ADP
cblr-2961	406	27	the	the	DET
cblr-2961	406	28	target	target	NOUN
cblr-2961	406	29	's	's	PART
cblr-2961	406	30	other	other	ADJ
cblr-2961	406	31	shareholders	shareholder	NOUN
cblr-2961	406	32	upon	upon	SCONJ
cblr-2961	406	33	the	the	DET
cblr-2961	406	34	sale	sale	NOUN
cblr-2961	406	35	of	of	ADP
cblr-2961	406	36	the	the	DET
cblr-2961	406	37	company	company	NOUN
cblr-2961	406	38	"	"	PUNCT
cblr-2961	406	39	)	)	PUNCT
cblr-2961	406	40	.	.	PUNCT
cblr-2961	407	1	128	128	NUM
cblr-2961	408	1	i	i	PRON
cblr-2961	408	2	d.	d.	PROPN
cblr-2961	408	3	(	(	PUNCT
cblr-2961	408	4	"	"	PUNCT
cblr-2961	408	5	we	we	PRON
cblr-2961	408	6	also	also	ADV
cblr-2961	408	7	need	need	VERB
cblr-2961	408	8	to	to	PART
cblr-2961	408	9	take	take	VERB
cblr-2961	408	10	a	a	DET
cblr-2961	408	11	look	look	NOUN
cblr-2961	408	12	at	at	ADP
cblr-2961	408	13	the	the	DET
cblr-2961	408	14	cases	case	NOUN
cblr-2961	408	15	where	where	SCONJ
cblr-2961	408	16	the	the	DET
cblr-2961	408	17	activist	activist	NOUN
cblr-2961	408	18	sold	sell	VERB
cblr-2961	408	19	its	its	PRON
cblr-2961	408	20	shares	share	NOUN
cblr-2961	408	21	.	.	PUNCT
cblr-2961	409	1	four	four	NUM
cblr-2961	409	2	of	of	ADP
cblr-2961	409	3	these	these	DET
cblr-2961	409	4	targets	target	NOUN
cblr-2961	409	5	were	be	AUX
cblr-2961	409	6	held	hold	VERB
cblr-2961	409	7	for	for	ADP
cblr-2961	409	8	two	two	NUM
cblr-2961	409	9	years	year	NOUN
cblr-2961	409	10	or	or	CCONJ
cblr-2961	409	11	more	more	ADJ
cblr-2961	409	12	,	,	PUNCT
cblr-2961	409	13	another	another	DET
cblr-2961	409	14	five	five	NUM
cblr-2961	409	15	for	for	ADP
cblr-2961	409	16	one	one	NUM
cblr-2961	409	17	to	to	ADP
cblr-2961	409	18	two	two	NUM
cblr-2961	409	19	years	year	NOUN
cblr-2961	409	20	,	,	PUNCT
cblr-2961	409	21	and	and	CCONJ
cblr-2961	409	22	eight	eight	NUM
cblr-2961	409	23	for	for	ADP
cblr-2961	409	24	less	less	ADJ
cblr-2961	409	25	than	than	ADP
cblr-2961	409	26	one	one	NUM
cblr-2961	409	27	year	year	NOUN
cblr-2961	409	28	.	.	PUNCT
cblr-2961	409	29	"	"	PUNCT
cblr-2961	409	30	)	)	PUNCT
cblr-2961	409	31	.	.	PUNCT
cblr-2961	410	1	129	129	NUM
cblr-2961	410	2	bengt	bengt	PROPN
cblr-2961	410	3	holmstrom	holmstrom	NOUN
cblr-2961	410	4	,	,	PUNCT
cblr-2961	410	5	symposium	symposium	NOUN
cblr-2961	410	6	on	on	ADP
cblr-2961	410	7	bebchuck	bebchuck	PROPN
cblr-2961	410	8	&	&	CCONJ
cblr-2961	410	9	fried	fried	PROPN
cblr-2961	410	10	's	's	PART
cblr-2961	410	11	pay	pay	NOUN
cblr-2961	410	12	without	without	ADP
cblr-2961	410	13	performance	performance	NOUN
cblr-2961	410	14	:	:	PUNCT
cblr-2961	410	15	pay	pay	VERB
cblr-2961	410	16	without	without	ADP
cblr-2961	410	17	performance	performance	NOUN
cblr-2961	410	18	and	and	CCONJ
cblr-2961	410	19	the	the	DET
cblr-2961	410	20	managerial	managerial	ADJ
cblr-2961	410	21	power	power	NOUN
cblr-2961	410	22	hypothesis	hypothesis	NOUN
cblr-2961	410	23	:	:	PUNCT
cblr-2961	410	24	a	a	DET
cblr-2961	410	25	comment	comment	NOUN
cblr-2961	410	26	,	,	PUNCT
cblr-2961	410	27	30	30	NUM
cblr-2961	410	28	iowa	iowa	PROPN
cblr-2961	410	29	j.	j.	PROPN
cblr-2961	410	30	corp	corp	PROPN
cblr-2961	410	31	.	.	PROPN
cblr-2961	410	32	l.	l.	PROPN
cblr-2961	410	33	703	703	NUM
cblr-2961	410	34	,	,	PUNCT
cblr-2961	410	35	707	707	NUM
cblr-2961	410	36	-	-	SYM
cblr-2961	410	37	08	08	NUM
cblr-2961	410	38	(	(	PUNCT
cblr-2961	410	39	2005	2005	NUM
cblr-2961	410	40	)	)	PUNCT
cblr-2961	410	41	(	(	PUNCT
cblr-2961	410	42	"	"	PUNCT
cblr-2961	410	43	[	[	X
cblr-2961	410	44	tlhere	tlhere	PRON
cblr-2961	410	45	is	be	AUX
cblr-2961	410	46	increasing	increase	VERB
cblr-2961	410	47	evidence	evidence	NOUN
cblr-2961	410	48	that	that	SCONJ
cblr-2961	410	49	stock	stock	NOUN
cblr-2961	410	50	options	option	NOUN
cblr-2961	410	51	led	lead	VERB
cblr-2961	410	52	to	to	ADP
cblr-2961	410	53	short	short	ADJ
cblr-2961	410	54	-	-	PUNCT
cblr-2961	410	55	termism	termism	NOUN
cblr-2961	410	56	and	and	CCONJ
cblr-2961	410	57	in	in	ADP
cblr-2961	410	58	many	many	ADJ
cblr-2961	410	59	cases	case	NOUN
cblr-2961	410	60	outright	outright	ADJ
cblr-2961	410	61	fraud	fraud	NOUN
cblr-2961	410	62	.	.	PUNCT
cblr-2961	410	63	"	"	PUNCT
cblr-2961	410	64	)	)	PUNCT
cblr-2961	410	65	.	.	PUNCT
cblr-2961	411	1	130	130	NUM
cblr-2961	411	2	george	george	PROPN
cblr-2961	411	3	w.	w.	PROPN
cblr-2961	411	4	dent	dent	PROPN
cblr-2961	411	5	,	,	PUNCT
cblr-2961	411	6	jr	jr	PROPN
cblr-2961	411	7	.	.	PROPN
cblr-2961	411	8	,	,	PUNCT
cblr-2961	411	9	corporate	corporate	ADJ
cblr-2961	411	10	governance	governance	NOUN
cblr-2961	411	11	:	:	PUNCT
cblr-2961	411	12	still	still	ADV
cblr-2961	411	13	broke	break	VERB
cblr-2961	411	14	,	,	PUNCT
cblr-2961	411	15	no	no	DET
cblr-2961	411	16	fix	fix	NOUN
cblr-2961	411	17	in	in	ADP
cblr-2961	411	18	sight	sight	NOUN
cblr-2961	411	19	,	,	PUNCT
cblr-2961	412	1	31	31	NUM
cblr-2961	412	2	iowa	iowa	PROPN
cblr-2961	412	3	j.	j.	PROPN
cblr-2961	412	4	corp	corp	PROPN
cblr-2961	412	5	.	.	PROPN
cblr-2961	412	6	l.	l.	PROPN
cblr-2961	412	7	39	39	NUM
cblr-2961	412	8	,	,	PUNCT
cblr-2961	412	9	58	58	NUM
cblr-2961	412	10	(	(	PUNCT
cblr-2961	412	11	2005	2005	NUM
cblr-2961	412	12	)	)	PUNCT
cblr-2961	412	13	(	(	PUNCT
cblr-2961	412	14	"	"	PUNCT
cblr-2961	412	15	executives	executive	NOUN
cblr-2961	412	16	of	of	ADP
cblr-2961	412	17	a	a	DET
cblr-2961	412	18	poorly	poorly	ADV
cblr-2961	412	19	performing	perform	VERB
cblr-2961	412	20	firm	firm	NOUN
cblr-2961	412	21	may	may	AUX
cblr-2961	412	22	doctor	doctor	VERB
cblr-2961	412	23	their	their	PRON
cblr-2961	412	24	reports	report	NOUN
cblr-2961	412	25	in	in	ADP
cblr-2961	412	26	order	order	NOUN
cblr-2961	412	27	to	to	PART
cblr-2961	412	28	deflect	deflect	VERB
cblr-2961	412	29	just	just	ADV
cblr-2961	412	30	criticism	criticism	NOUN
cblr-2961	412	31	from	from	ADP
cblr-2961	412	32	directors	director	NOUN
cblr-2961	412	33	and	and	CCONJ
cblr-2961	412	34	shareholders	shareholder	NOUN
cblr-2961	412	35	.	.	PUNCT
cblr-2961	413	1	in	in	ADP
cblr-2961	413	2	so	so	ADV
cblr-2961	413	3	doing	do	VERB
cblr-2961	413	4	they	they	PRON
cblr-2961	413	5	may	may	AUX
cblr-2961	413	6	also	also	ADV
cblr-2961	413	7	temporarily	temporarily	ADV
cblr-2961	413	8	fool	fool	VERB
cblr-2961	413	9	the	the	DET
cblr-2961	413	10	securities	security	NOUN
cblr-2961	413	11	markets	market	NOUN
cblr-2961	413	12	,	,	PUNCT
cblr-2961	413	13	thereby	thereby	ADV
cblr-2961	413	14	enabling	enable	VERB
cblr-2961	413	15	themselves	themselves	PRON
cblr-2961	413	16	to	to	PART
cblr-2961	413	17	unload	unload	VERB
cblr-2961	413	18	stock	stock	NOUN
cblr-2961	413	19	and	and	CCONJ
cblr-2961	413	20	options	option	NOUN
cblr-2961	413	21	at	at	ADP
cblr-2961	413	22	inflated	inflated	ADJ
cblr-2961	413	23	prices	price	NOUN
cblr-2961	413	24	.	.	PUNCT
cblr-2961	414	1	such	such	ADJ
cblr-2961	414	2	behavior	behavior	NOUN
cblr-2961	414	3	seems	seem	VERB
cblr-2961	414	4	to	to	PART
cblr-2961	414	5	have	have	AUX
cblr-2961	414	6	been	be	AUX
cblr-2961	414	7	common	common	ADJ
cblr-2961	414	8	among	among	ADP
cblr-2961	414	9	executives	executive	NOUN
cblr-2961	414	10	of	of	ADP
cblr-2961	414	11	companies	company	NOUN
cblr-2961	414	12	hit	hit	VERB
cblr-2961	414	13	by	by	ADP
cblr-2961	414	14	the	the	DET
cblr-2961	414	15	recent	recent	ADJ
cblr-2961	414	16	scandals	scandal	NOUN
cblr-2961	414	17	.	.	PUNCT
cblr-2961	415	1	"	"	PUNCT
cblr-2961	415	2	)	)	PUNCT
cblr-2961	415	3	.	.	PUNCT
cblr-2961	416	1	131	131	NUM
cblr-2961	416	2	mitu	mitu	PROPN
cblr-2961	416	3	gulati	gulati	PROPN
cblr-2961	416	4	,	,	PUNCT
cblr-2961	416	5	when	when	SCONJ
cblr-2961	416	6	corporate	corporate	ADJ
cblr-2961	416	7	managers	manager	NOUN
cblr-2961	416	8	fear	fear	VERB
cblr-2961	416	9	a	a	DET
cblr-2961	416	10	good	good	ADJ
cblr-2961	416	11	thing	thing	NOUN
cblr-2961	416	12	is	be	AUX
cblr-2961	416	13	coming	come	VERB
cblr-2961	416	14	to	to	ADP
cblr-2961	416	15	an	an	DET
cblr-2961	416	16	end	end	NOUN
cblr-2961	416	17	:	:	PUNCT
cblr-2961	416	18	the	the	DET
cblr-2961	416	19	case	case	NOUN
cblr-2961	416	20	of	of	ADP
cblr-2961	416	21	interim	interim	ADJ
cblr-2961	416	22	nondisclosure	nondisclosure	NOUN
cblr-2961	416	23	,	,	PUNCT
cblr-2961	416	24	46	46	NUM
cblr-2961	416	25	ucla	ucla	PROPN
cblr-2961	416	26	l.	l.	PROPN
cblr-2961	416	27	rev	rev	PROPN
cblr-2961	416	28	.	.	PROPN
cblr-2961	416	29	675	675	NUM
cblr-2961	416	30	,	,	PUNCT
cblr-2961	416	31	694	694	NUM
cblr-2961	416	32	-	-	SYM
cblr-2961	416	33	95	95	NUM
cblr-2961	416	34	(	(	PUNCT
cblr-2961	416	35	1999	1999	NUM
cblr-2961	416	36	)	)	PUNCT
cblr-2961	416	37	(	(	PUNCT
cblr-2961	416	38	suggesting	suggest	VERB
cblr-2961	416	39	that	that	SCONJ
cblr-2961	416	40	when	when	SCONJ
cblr-2961	416	41	a	a	DET
cblr-2961	416	42	manager	manager	NOUN
cblr-2961	416	43	is	be	AUX
cblr-2961	416	44	about	about	ADJ
cblr-2961	416	45	to	to	PART
cblr-2961	416	46	retire	retire	VERB
cblr-2961	416	47	or	or	CCONJ
cblr-2961	416	48	perceives	perceive	VERB
cblr-2961	416	49	himself	himself	PRON
cblr-2961	416	50	to	to	PART
cblr-2961	416	51	be	be	AUX
cblr-2961	416	52	in	in	ADP
cblr-2961	416	53	a	a	DET
cblr-2961	416	54	final	final	ADJ
cblr-2961	416	55	-	-	PUNCT
cblr-2961	416	56	period	period	NOUN
cblr-2961	416	57	situation	situation	NOUN
cblr-2961	416	58	,	,	PUNCT
cblr-2961	416	59	he	he	PRON
cblr-2961	416	60	may	may	AUX
cblr-2961	416	61	not	not	PART
cblr-2961	416	62	be	be	AUX
cblr-2961	416	63	disciplined	discipline	VERB
cblr-2961	416	64	by	by	ADP
cblr-2961	416	65	the	the	DET
cblr-2961	416	66	fear	fear	NOUN
cblr-2961	416	67	of	of	ADP
cblr-2961	416	68	reputational	reputational	ADJ
cblr-2961	416	69	sanctions	sanction	NOUN
cblr-2961	416	70	on	on	ADP
cblr-2961	416	71	the	the	DET
cblr-2961	416	72	managerial	managerial	ADJ
cblr-2961	416	73	labor	labor	NOUN
cblr-2961	416	74	market	market	NOUN
cblr-2961	416	75	)	)	PUNCT
cblr-2961	416	76	.	.	PUNCT
cblr-2961	417	1	no	no	INTJ
cblr-2961	417	2	.	.	PUNCT
cblr-2961	418	1	2:7241	2:7241	NUM
cblr-2961	418	2	hedge	hedge	NOUN
cblr-2961	418	3	flund	flund	ADJ
cblr-2961	418	4	activism	activism	NOUN
cblr-2961	418	5	gatekeeper	gatekeeper	NOUN
cblr-2961	418	6	for	for	ADP
cblr-2961	418	7	the	the	DET
cblr-2961	418	8	company	company	NOUN
cblr-2961	418	9	's	's	PART
cblr-2961	418	10	long	long	ADJ
cblr-2961	418	11	term	term	NOUN
cblr-2961	418	12	interests	interest	NOUN
cblr-2961	418	13	than	than	ADP
cblr-2961	418	14	its	its	PRON
cblr-2961	418	15	managers	manager	NOUN
cblr-2961	418	16	.	.	PUNCT
cblr-2961	419	1	2	2	X
cblr-2961	419	2	.	.	X
cblr-2961	419	3	long	long	ADJ
cblr-2961	419	4	-	-	PUNCT
cblr-2961	419	5	term	term	NOUN
cblr-2961	419	6	investment	investment	NOUN
cblr-2961	419	7	does	do	AUX
cblr-2961	419	8	not	not	PART
cblr-2961	419	9	decline	decline	VERB
cblr-2961	419	10	drastically	drastically	ADV
cblr-2961	419	11	in	in	ADP
cblr-2961	419	12	hedge	hedge	NOUN
cblr-2961	419	13	fund	fund	NOUN
cblr-2961	419	14	activists	activist	NOUN
cblr-2961	419	15	'	'	PART
cblr-2961	419	16	targets	target	NOUN
cblr-2961	419	17	opponents	opponent	NOUN
cblr-2961	419	18	argue	argue	VERB
cblr-2961	419	19	that	that	SCONJ
cblr-2961	419	20	hedge	hedge	NOUN
cblr-2961	419	21	fund	fund	NOUN
cblr-2961	419	22	activists	activist	NOUN
cblr-2961	419	23	will	will	AUX
cblr-2961	419	24	inflate	inflate	VERB
cblr-2961	419	25	short	short	ADJ
cblr-2961	419	26	-	-	PUNCT
cblr-2961	419	27	term	term	NOUN
cblr-2961	419	28	stock	stock	NOUN
cblr-2961	419	29	prices	price	NOUN
cblr-2961	419	30	at	at	ADP
cblr-2961	419	31	the	the	DET
cblr-2961	419	32	cost	cost	NOUN
cblr-2961	419	33	of	of	ADP
cblr-2961	419	34	the	the	DET
cblr-2961	419	35	long	long	ADJ
cblr-2961	419	36	-	-	PUNCT
cblr-2961	419	37	term	term	NOUN
cblr-2961	419	38	wealth	wealth	NOUN
cblr-2961	419	39	creation	creation	NOUN
cblr-2961	419	40	of	of	ADP
cblr-2961	419	41	the	the	DET
cblr-2961	419	42	target	target	NOUN
cblr-2961	419	43	company	company	NOUN
cblr-2961	419	44	to	to	PART
cblr-2961	419	45	ensure	ensure	VERB
cblr-2961	419	46	a	a	DET
cblr-2961	419	47	better	well	ADJ
cblr-2961	419	48	short	short	ADJ
cblr-2961	419	49	-	-	PUNCT
cblr-2961	419	50	term	term	NOUN
cblr-2961	419	51	financial	financial	ADJ
cblr-2961	419	52	performance	performance	NOUN
cblr-2961	419	53	.	.	PUNCT
cblr-2961	420	1	132	132	NUM
cblr-2961	420	2	two	two	NUM
cblr-2961	420	3	recent	recent	ADJ
cblr-2961	420	4	studies	study	NOUN
cblr-2961	420	5	suggest	suggest	VERB
cblr-2961	420	6	otherwise	otherwise	ADV
cblr-2961	420	7	.	.	PUNCT
cblr-2961	421	1	they	they	PRON
cblr-2961	421	2	investigate	investigate	VERB
cblr-2961	421	3	the	the	DET
cblr-2961	421	4	impact	impact	NOUN
cblr-2961	421	5	that	that	PRON
cblr-2961	421	6	hedge	hedge	NOUN
cblr-2961	421	7	fund	fund	NOUN
cblr-2961	421	8	activism	activism	NOUN
cblr-2961	421	9	has	have	VERB
cblr-2961	421	10	on	on	ADP
cblr-2961	421	11	r&d	r&d	NOUN
cblr-2961	421	12	expenses	expense	NOUN
cblr-2961	421	13	,	,	PUNCT
cblr-2961	421	14	which	which	PRON
cblr-2961	421	15	is	be	AUX
cblr-2961	421	16	a	a	DET
cblr-2961	421	17	proxy	proxy	NOUN
cblr-2961	421	18	for	for	ADP
cblr-2961	421	19	the	the	DET
cblr-2961	421	20	longterm	longterm	ADJ
cblr-2961	421	21	interest	interest	NOUN
cblr-2961	421	22	.	.	PUNCT
cblr-2961	422	1	'33	'33	NUM
cblr-2961	422	2	the	the	DET
cblr-2961	422	3	first	first	ADJ
cblr-2961	422	4	study	study	NOUN
cblr-2961	422	5	shows	show	VERB
cblr-2961	422	6	that	that	SCONJ
cblr-2961	422	7	,	,	PUNCT
cblr-2961	422	8	on	on	ADP
cblr-2961	422	9	average	average	ADJ
cblr-2961	422	10	,	,	PUNCT
cblr-2961	422	11	none	none	NOUN
cblr-2961	422	12	of	of	ADP
cblr-2961	422	13	the	the	DET
cblr-2961	422	14	r&d	r&d	NOUN
cblr-2961	422	15	costs	cost	NOUN
cblr-2961	422	16	,	,	PUNCT
cblr-2961	422	17	executive	executive	ADJ
cblr-2961	422	18	bonuses	bonus	NOUN
cblr-2961	422	19	,	,	PUNCT
cblr-2961	422	20	sales	sale	NOUN
cblr-2961	422	21	,	,	PUNCT
cblr-2961	422	22	or	or	CCONJ
cblr-2961	422	23	general	general	ADJ
cblr-2961	422	24	and	and	CCONJ
cblr-2961	422	25	administrative	administrative	ADJ
cblr-2961	422	26	costs	cost	NOUN
cblr-2961	422	27	were	be	AUX
cblr-2961	422	28	"	"	PUNCT
cblr-2961	422	29	strongly	strongly	ADV
cblr-2961	422	30	impacted	impact	VERB
cblr-2961	422	31	.	.	PUNCT
cblr-2961	423	1	"'34	"'34	ADJ
cblr-2961	423	2	the	the	DET
cblr-2961	423	3	second	second	ADJ
cblr-2961	423	4	study	study	NOUN
cblr-2961	423	5	also	also	ADV
cblr-2961	423	6	found	find	VERB
cblr-2961	423	7	no	no	DET
cblr-2961	423	8	significant	significant	ADJ
cblr-2961	423	9	difference	difference	NOUN
cblr-2961	423	10	between	between	ADP
cblr-2961	423	11	the	the	DET
cblr-2961	423	12	long	long	ADJ
cblr-2961	423	13	-	-	PUNCT
cblr-2961	423	14	term	term	NOUN
cblr-2961	423	15	r&d	r&d	NOUN
cblr-2961	423	16	investment	investment	NOUN
cblr-2961	423	17	in	in	ADP
cblr-2961	423	18	the	the	DET
cblr-2961	423	19	firms	firm	NOUN
cblr-2961	423	20	targeted	target	VERB
cblr-2961	423	21	by	by	ADP
cblr-2961	423	22	hedge	hedge	NOUN
cblr-2961	423	23	funds	fund	NOUN
cblr-2961	423	24	and	and	CCONJ
cblr-2961	423	25	those	those	PRON
cblr-2961	423	26	in	in	ADP
cblr-2961	423	27	the	the	DET
cblr-2961	423	28	control	control	NOUN
cblr-2961	423	29	sample	sample	NOUN
cblr-2961	423	30	.	.	PUNCT
cblr-2961	424	1	3	3	NUM
cblr-2961	424	2	therefore	therefore	ADV
cblr-2961	424	3	,	,	PUNCT
cblr-2961	424	4	the	the	DET
cblr-2961	424	5	empirical	empirical	ADJ
cblr-2961	424	6	evidence	evidence	NOUN
cblr-2961	424	7	supports	support	VERB
cblr-2961	424	8	that	that	SCONJ
cblr-2961	424	9	overall	overall	ADJ
cblr-2961	424	10	,	,	PUNCT
cblr-2961	424	11	hedge	hedge	NOUN
cblr-2961	424	12	funds	fund	NOUN
cblr-2961	424	13	do	do	AUX
cblr-2961	424	14	not	not	PART
cblr-2961	424	15	extract	extract	VERB
cblr-2961	424	16	the	the	DET
cblr-2961	424	17	target	target	NOUN
cblr-2961	424	18	company	company	NOUN
cblr-2961	424	19	's	's	PART
cblr-2961	424	20	short	short	ADJ
cblr-2961	424	21	-	-	PUNCT
cblr-2961	424	22	term	term	NOUN
cblr-2961	424	23	value	value	NOUN
cblr-2961	424	24	at	at	ADP
cblr-2961	424	25	the	the	DET
cblr-2961	424	26	expense	expense	NOUN
cblr-2961	424	27	of	of	ADP
cblr-2961	424	28	its	its	PRON
cblr-2961	424	29	long	long	ADJ
cblr-2961	424	30	-	-	PUNCT
cblr-2961	424	31	term	term	NOUN
cblr-2961	424	32	development	development	NOUN
cblr-2961	424	33	.	.	PUNCT
cblr-2961	425	1	132	132	NUM
cblr-2961	425	2	see	see	VERB
cblr-2961	425	3	anabtawi	anabtawi	PROPN
cblr-2961	425	4	,	,	PUNCT
cblr-2961	425	5	supra	supra	PROPN
cblr-2961	425	6	note	note	VERB
cblr-2961	425	7	104	104	NUM
cblr-2961	425	8	and	and	CCONJ
cblr-2961	425	9	the	the	DET
cblr-2961	425	10	accompanying	accompany	VERB
cblr-2961	425	11	text	text	NOUN
cblr-2961	425	12	.	.	PUNCT
cblr-2961	426	1	133	133	NUM
cblr-2961	426	2	see	see	VERB
cblr-2961	426	3	,	,	PUNCT
cblr-2961	426	4	e.g.	e.g.	ADV
cblr-2961	426	5	,	,	PUNCT
cblr-2961	426	6	mary	mary	PROPN
cblr-2961	426	7	m.	m.	PROPN
cblr-2961	426	8	bange	bange	PROPN
cblr-2961	426	9	&	&	CCONJ
cblr-2961	426	10	werner	werner	PROPN
cblr-2961	426	11	f.m	f.m	PROPN
cblr-2961	426	12	.	.	PROPN
cblr-2961	426	13	de	de	PROPN
cblr-2961	426	14	bondt	bondt	PROPN
cblr-2961	426	15	,	,	PUNCT
cblr-2961	426	16	r&d	r&d	NOUN
cblr-2961	426	17	budgets	budget	NOUN
cblr-2961	426	18	and	and	CCONJ
cblr-2961	426	19	corporate	corporate	ADJ
cblr-2961	426	20	earnings	earning	NOUN
cblr-2961	426	21	targets	target	NOUN
cblr-2961	426	22	,	,	PUNCT
cblr-2961	426	23	4	4	NUM
cblr-2961	426	24	j.	j.	PROPN
cblr-2961	426	25	corp	corp	PROPN
cblr-2961	426	26	.	.	PROPN
cblr-2961	426	27	fin	fin	PROPN
cblr-2961	426	28	.	.	PUNCT
cblr-2961	427	1	153	153	NUM
cblr-2961	427	2	(	(	PUNCT
cblr-2961	427	3	1998	1998	NUM
cblr-2961	427	4	)	)	PUNCT
cblr-2961	427	5	(	(	PUNCT
cblr-2961	427	6	using	use	VERB
cblr-2961	427	7	the	the	DET
cblr-2961	427	8	r	r	NOUN
cblr-2961	427	9	&	&	CCONJ
cblr-2961	427	10	d	d	PROPN
cblr-2961	427	11	budget	budget	NOUN
cblr-2961	427	12	of	of	ADP
cblr-2961	427	13	a	a	DET
cblr-2961	427	14	company	company	NOUN
cblr-2961	427	15	as	as	ADP
cblr-2961	427	16	a	a	DET
cblr-2961	427	17	proxy	proxy	NOUN
cblr-2961	427	18	for	for	ADP
cblr-2961	427	19	its	its	PRON
cblr-2961	427	20	long	long	ADJ
cblr-2961	427	21	-	-	PUNCT
cblr-2961	427	22	term	term	NOUN
cblr-2961	427	23	interest	interest	NOUN
cblr-2961	427	24	)	)	PUNCT
cblr-2961	427	25	.	.	PUNCT
cblr-2961	428	1	134	134	NUM
cblr-2961	428	2	although	although	SCONJ
cblr-2961	428	3	it	it	PRON
cblr-2961	428	4	was	be	AUX
cblr-2961	428	5	too	too	ADV
cblr-2961	428	6	soon	soon	ADV
cblr-2961	428	7	to	to	PART
cblr-2961	428	8	know	know	VERB
cblr-2961	428	9	how	how	SCONJ
cblr-2961	428	10	many	many	ADJ
cblr-2961	428	11	of	of	ADP
cblr-2961	428	12	these	these	DET
cblr-2961	428	13	commitments	commitment	NOUN
cblr-2961	428	14	would	would	AUX
cblr-2961	428	15	endure	endure	VERB
cblr-2961	428	16	in	in	ADP
cblr-2961	428	17	the	the	DET
cblr-2961	428	18	long	long	ADJ
cblr-2961	428	19	-	-	PUNCT
cblr-2961	428	20	term	term	NOUN
cblr-2961	428	21	,	,	PUNCT
cblr-2961	428	22	bratton	bratton	PROPN
cblr-2961	428	23	proposed	propose	VERB
cblr-2961	428	24	that	that	SCONJ
cblr-2961	428	25	the	the	DET
cblr-2961	428	26	evidence	evidence	NOUN
cblr-2961	428	27	,	,	PUNCT
cblr-2961	428	28	taken	take	VERB
cblr-2961	428	29	as	as	ADP
cblr-2961	428	30	a	a	DET
cblr-2961	428	31	whole	whole	NOUN
cblr-2961	428	32	,	,	PUNCT
cblr-2961	428	33	did	do	AUX
cblr-2961	428	34	not	not	PART
cblr-2961	428	35	sustain	sustain	VERB
cblr-2961	428	36	the	the	DET
cblr-2961	428	37	claims	claim	NOUN
cblr-2961	428	38	of	of	ADP
cblr-2961	428	39	the	the	DET
cblr-2961	428	40	activists	activist	NOUN
cblr-2961	428	41	'	'	PART
cblr-2961	428	42	detractors	detractor	NOUN
cblr-2961	428	43	.	.	PUNCT
cblr-2961	429	1	he	he	PRON
cblr-2961	429	2	also	also	ADV
cblr-2961	429	3	examined	examine	VERB
cblr-2961	429	4	whether	whether	SCONJ
cblr-2961	429	5	the	the	DET
cblr-2961	429	6	long	long	ADJ
cblr-2961	429	7	-	-	PUNCT
cblr-2961	429	8	term	term	NOUN
cblr-2961	429	9	investments	investment	NOUN
cblr-2961	429	10	were	be	AUX
cblr-2961	429	11	undercut	undercut	VERB
cblr-2961	429	12	by	by	ADP
cblr-2961	429	13	hedge	hedge	NOUN
cblr-2961	429	14	fund	fund	NOUN
cblr-2961	429	15	activists	activist	NOUN
cblr-2961	429	16	.	.	PUNCT
cblr-2961	430	1	the	the	DET
cblr-2961	430	2	study	study	NOUN
cblr-2961	430	3	showed	show	VERB
cblr-2961	430	4	that	that	SCONJ
cblr-2961	430	5	,	,	PUNCT
cblr-2961	430	6	on	on	ADP
cblr-2961	430	7	average	average	ADJ
cblr-2961	430	8	,	,	PUNCT
cblr-2961	430	9	neither	neither	CCONJ
cblr-2961	430	10	the	the	DET
cblr-2961	430	11	r&d	r&d	NOUN
cblr-2961	430	12	costs	cost	NOUN
cblr-2961	430	13	,	,	PUNCT
cblr-2961	430	14	executive	executive	ADJ
cblr-2961	430	15	bonuses	bonus	NOUN
cblr-2961	430	16	,	,	PUNCT
cblr-2961	430	17	nor	nor	CCONJ
cblr-2961	430	18	sales	sale	NOUN
cblr-2961	430	19	,	,	PUNCT
cblr-2961	430	20	general	general	ADJ
cblr-2961	430	21	,	,	PUNCT
cblr-2961	430	22	and	and	CCONJ
cblr-2961	430	23	administrative	administrative	ADJ
cblr-2961	430	24	costs	cost	NOUN
cblr-2961	430	25	were	be	AUX
cblr-2961	430	26	strongly	strongly	ADV
cblr-2961	430	27	impacted	impact	VERB
cblr-2961	430	28	.	.	PUNCT
cblr-2961	431	1	bratton	bratton	PROPN
cblr-2961	431	2	thus	thus	ADV
cblr-2961	431	3	concluded	conclude	VERB
cblr-2961	431	4	that	that	SCONJ
cblr-2961	431	5	hedge	hedge	NOUN
cblr-2961	431	6	fumd	fumd	ADJ
cblr-2961	431	7	activists	activist	NOUN
cblr-2961	431	8	had	have	AUX
cblr-2961	431	9	not	not	PART
cblr-2961	431	10	had	have	VERB
cblr-2961	431	11	a	a	DET
cblr-2961	431	12	remarkable	remarkable	ADJ
cblr-2961	431	13	impact	impact	NOUN
cblr-2961	431	14	on	on	ADP
cblr-2961	431	15	cost	cost	NOUN
cblr-2961	431	16	cutting	cutting	NOUN
cblr-2961	431	17	.	.	PUNCT
cblr-2961	432	1	bratton	bratton	PROPN
cblr-2961	432	2	,	,	PUNCT
cblr-2961	432	3	supra	supra	PROPN
cblr-2961	432	4	note	note	PROPN
cblr-2961	432	5	94	94	NUM
cblr-2961	432	6	,	,	PUNCT
cblr-2961	432	7	at	at	ADP
cblr-2961	432	8	1415	1415	NUM
cblr-2961	432	9	.	.	PUNCT
cblr-2961	433	1	"	"	PUNCT
cblr-2961	433	2	'	'	PUNCT
cblr-2961	433	3	april	april	PROPN
cblr-2961	433	4	klein	klein	PROPN
cblr-2961	433	5	and	and	CCONJ
cblr-2961	433	6	emanuel	emanuel	PROPN
cblr-2961	433	7	zur	zur	PROPN
cblr-2961	433	8	also	also	ADV
cblr-2961	433	9	found	find	VERB
cblr-2961	433	10	no	no	DET
cblr-2961	433	11	significant	significant	ADJ
cblr-2961	433	12	difference	difference	NOUN
cblr-2961	433	13	between	between	ADP
cblr-2961	433	14	the	the	DET
cblr-2961	433	15	long	long	ADJ
cblr-2961	433	16	-	-	PUNCT
cblr-2961	433	17	term	term	NOUN
cblr-2961	433	18	investment	investment	NOUN
cblr-2961	433	19	in	in	ADP
cblr-2961	433	20	research	research	NOUN
cblr-2961	433	21	and	and	CCONJ
cblr-2961	433	22	development	development	NOUN
cblr-2961	433	23	between	between	ADP
cblr-2961	433	24	the	the	DET
cblr-2961	433	25	firms	firm	NOUN
cblr-2961	433	26	targeted	target	VERB
cblr-2961	433	27	by	by	ADP
cblr-2961	433	28	hedge	hedge	NOUN
cblr-2961	433	29	funds	fund	NOUN
cblr-2961	433	30	and	and	CCONJ
cblr-2961	433	31	the	the	DET
cblr-2961	433	32	control	control	NOUN
cblr-2961	433	33	sample	sample	NOUN
cblr-2961	433	34	.	.	PUNCT
cblr-2961	434	1	april	april	PROPN
cblr-2961	434	2	klein	klein	PROPN
cblr-2961	434	3	&	&	CCONJ
cblr-2961	434	4	emanuel	emanuel	PROPN
cblr-2961	434	5	zur	zur	PROPN
cblr-2961	434	6	,	,	PUNCT
cblr-2961	434	7	hedge	hedge	NOUN
cblr-2961	434	8	fund	fund	NOUN
cblr-2961	434	9	activism	activism	NOUN
cblr-2961	434	10	32	32	NUM
cblr-2961	434	11	(	(	PUNCT
cblr-2961	434	12	eur	eur	PROPN
cblr-2961	434	13	.	.	PROPN
cblr-2961	434	14	corp	corp	PROPN
cblr-2961	434	15	.	.	PROPN
cblr-2961	434	16	governance	governance	PROPN
cblr-2961	434	17	inst	inst	PROPN
cblr-2961	434	18	.	.	PROPN
cblr-2961	434	19	,	,	PUNCT
cblr-2961	434	20	finance	finance	NOUN
cblr-2961	434	21	working	working	NOUN
cblr-2961	434	22	paper	paper	NOUN
cblr-2961	434	23	,	,	PUNCT
cblr-2961	434	24	no	no	INTJ
cblr-2961	434	25	.	.	NOUN
cblr-2961	434	26	140	140	NUM
cblr-2961	434	27	,	,	PUNCT
cblr-2961	434	28	2006	2006	NUM
cblr-2961	434	29	)	)	PUNCT
cblr-2961	434	30	,	,	PUNCT
cblr-2961	434	31	available	available	ADJ
cblr-2961	434	32	at	at	ADP
cblr-2961	434	33	http://w4.stern.nyu.edu/accounting/docs/hedge-fundactivismoctober2006	http://w4.stern.nyu.edu/accounting/docs/hedge-fundactivismoctober2006	NOUN
cblr-2961	434	34	.pdf	.pdf	NOUN
cblr-2961	434	35	.	.	PUNCT
cblr-2961	435	1	[	[	X
cblr-2961	435	2	vol	vol	NOUN
cblr-2961	435	3	.	.	PUNCT
cblr-2961	436	1	2008col	2008col	NUM
cblr-2961	436	2	uamia	uamia	NOUN
cblr-2961	436	3	b	b	NOUN
cblr-2961	437	1	usiness	usiness	NOUN
cblr-2961	437	2	la	la	PROPN
cblr-2961	437	3	w	w	PROPN
cblr-2961	437	4	re	re	PROPN
cblr-2961	437	5	vie	vie	PROPN
cblr-2961	437	6	w	w	PROPN
cblr-2961	437	7	3	3	NUM
cblr-2961	437	8	.	.	PUNCT
cblr-2961	437	9	hedge	hedge	NOUN
cblr-2961	437	10	fund	fund	PROPN
cblr-2961	437	11	activism	activism	NOUN
cblr-2961	437	12	is	be	AUX
cblr-2961	437	13	value	value	NOUN
cblr-2961	437	14	-	-	PUNCT
cblr-2961	437	15	increasing	increase	VERB
cblr-2961	437	16	even	even	ADV
cblr-2961	437	17	if	if	SCONJ
cblr-2961	437	18	it	it	PRON
cblr-2961	437	19	is	be	AUX
cblr-2961	437	20	assumed	assume	VERB
cblr-2961	437	21	that	that	SCONJ
cblr-2961	437	22	the	the	DET
cblr-2961	437	23	problem	problem	NOUN
cblr-2961	437	24	of	of	ADP
cblr-2961	437	25	short	short	ADJ
cblr-2961	437	26	-	-	PUNCT
cblr-2961	437	27	termism	termism	NOUN
cblr-2961	437	28	exists	exist	VERB
cblr-2961	437	29	,	,	PUNCT
cblr-2961	437	30	that	that	PRON
cblr-2961	437	31	does	do	AUX
cblr-2961	437	32	not	not	PART
cblr-2961	437	33	mean	mean	VERB
cblr-2961	437	34	hedge	hedge	NOUN
cblr-2961	437	35	fund	fund	NOUN
cblr-2961	437	36	activism	activism	NOUN
cblr-2961	437	37	makes	make	VERB
cblr-2961	437	38	the	the	DET
cblr-2961	437	39	macro	macro	ADJ
cblr-2961	437	40	economy	economy	NOUN
cblr-2961	437	41	worse	bad	ADJ
cblr-2961	437	42	off	off	ADV
cblr-2961	437	43	.	.	PUNCT
cblr-2961	438	1	for	for	ADP
cblr-2961	438	2	example	example	NOUN
cblr-2961	438	3	,	,	PUNCT
cblr-2961	438	4	if	if	SCONJ
cblr-2961	438	5	hedge	hedge	NOUN
cblr-2961	438	6	funds	fund	NOUN
cblr-2961	438	7	discover	discover	VERB
cblr-2961	438	8	that	that	SCONJ
cblr-2961	438	9	the	the	DET
cblr-2961	438	10	management	management	NOUN
cblr-2961	438	11	is	be	AUX
cblr-2961	438	12	doing	do	VERB
cblr-2961	438	13	something	something	PRON
cblr-2961	438	14	that	that	PRON
cblr-2961	438	15	is	be	AUX
cblr-2961	438	16	not	not	PART
cblr-2961	438	17	in	in	ADP
cblr-2961	438	18	the	the	DET
cblr-2961	438	19	best	good	ADJ
cblr-2961	438	20	interest	interest	NOUN
cblr-2961	438	21	of	of	ADP
cblr-2961	438	22	a	a	DET
cblr-2961	438	23	company	company	NOUN
cblr-2961	438	24	,	,	PUNCT
cblr-2961	438	25	they	they	PRON
cblr-2961	438	26	may	may	AUX
cblr-2961	438	27	intervene	intervene	VERB
cblr-2961	438	28	to	to	PART
cblr-2961	438	29	correct	correct	VERB
cblr-2961	438	30	the	the	DET
cblr-2961	438	31	deviation	deviation	NOUN
cblr-2961	438	32	and	and	CCONJ
cblr-2961	438	33	take	take	VERB
cblr-2961	438	34	profit	profit	NOUN
cblr-2961	438	35	when	when	SCONJ
cblr-2961	438	36	the	the	DET
cblr-2961	438	37	stock	stock	NOUN
cblr-2961	438	38	price	price	NOUN
cblr-2961	438	39	bounces	bounce	VERB
cblr-2961	438	40	back	back	ADV
cblr-2961	438	41	to	to	PART
cblr-2961	438	42	reflect	reflect	VERB
cblr-2961	438	43	the	the	DET
cblr-2961	438	44	value	value	NOUN
cblr-2961	438	45	of	of	ADP
cblr-2961	438	46	the	the	DET
cblr-2961	438	47	correction	correction	NOUN
cblr-2961	438	48	.	.	PUNCT
cblr-2961	439	1	136	136	NUM
cblr-2961	439	2	therefore	therefore	ADV
cblr-2961	439	3	,	,	PUNCT
cblr-2961	439	4	a	a	DET
cblr-2961	439	5	short	short	ADJ
cblr-2961	439	6	-	-	PUNCT
cblr-2961	439	7	term	term	NOUN
cblr-2961	439	8	investor	investor	NOUN
cblr-2961	439	9	is	be	AUX
cblr-2961	439	10	not	not	PART
cblr-2961	439	11	necessarily	necessarily	ADV
cblr-2961	439	12	a	a	DET
cblr-2961	439	13	valuedecreasing	valuedecreasing	NOUN
cblr-2961	439	14	raider	raider	NOUN
cblr-2961	439	15	.	.	PUNCT
cblr-2961	440	1	moreover	moreover	ADV
cblr-2961	440	2	,	,	PUNCT
cblr-2961	440	3	empirical	empirical	ADJ
cblr-2961	440	4	evidence	evidence	NOUN
cblr-2961	440	5	shows	show	VERB
cblr-2961	440	6	that	that	SCONJ
cblr-2961	440	7	hedge	hedge	NOUN
cblr-2961	440	8	fund	fund	NOUN
cblr-2961	440	9	activism	activism	NOUN
cblr-2961	440	10	is	be	AUX
cblr-2961	440	11	actually	actually	ADV
cblr-2961	440	12	value	value	NOUN
cblr-2961	440	13	-	-	PUNCT
cblr-2961	440	14	increasing	increase	VERB
cblr-2961	440	15	.	.	PUNCT
cblr-2961	441	1	from	from	ADP
cblr-2961	441	2	a	a	DET
cblr-2961	441	3	cost	cost	NOUN
cblr-2961	441	4	-	-	PUNCT
cblr-2961	441	5	benefit	benefit	NOUN
cblr-2961	441	6	perspective	perspective	NOUN
cblr-2961	441	7	,	,	PUNCT
cblr-2961	441	8	if	if	SCONJ
cblr-2961	441	9	the	the	DET
cblr-2961	441	10	values	value	NOUN
cblr-2961	441	11	created	create	VERB
cblr-2961	441	12	by	by	ADP
cblr-2961	441	13	hedge	hedge	NOUN
cblr-2961	441	14	fund	fund	NOUN
cblr-2961	441	15	activists	activist	NOUN
cblr-2961	441	16	exactly	exactly	ADV
cblr-2961	441	17	cancel	cancel	VERB
cblr-2961	441	18	out	out	ADP
cblr-2961	441	19	the	the	DET
cblr-2961	441	20	aggregate	aggregate	ADJ
cblr-2961	441	21	harm	harm	NOUN
cblr-2961	441	22	done	do	VERB
cblr-2961	441	23	by	by	ADP
cblr-2961	441	24	shorttermists	shorttermist	NOUN
cblr-2961	441	25	,	,	PUNCT
cblr-2961	441	26	the	the	DET
cblr-2961	441	27	whole	whole	ADJ
cblr-2961	441	28	market	market	NOUN
cblr-2961	441	29	's	's	PART
cblr-2961	441	30	value	value	NOUN
cblr-2961	441	31	remains	remain	VERB
cblr-2961	441	32	unaffected.17	unaffected.17	ADJ
cblr-2961	441	33	if	if	SCONJ
cblr-2961	441	34	instead	instead	ADV
cblr-2961	441	35	hedge	hedge	NOUN
cblr-2961	441	36	fund	fund	NOUN
cblr-2961	441	37	activists	activist	NOUN
cblr-2961	441	38	generate	generate	VERB
cblr-2961	441	39	more	more	ADJ
cblr-2961	441	40	value	value	NOUN
cblr-2961	441	41	than	than	ADP
cblr-2961	441	42	harmful	harmful	ADJ
cblr-2961	441	43	short	short	ADJ
cblr-2961	441	44	-	-	PUNCT
cblr-2961	441	45	termists	termist	NOUN
cblr-2961	441	46	,	,	PUNCT
cblr-2961	441	47	then	then	ADV
cblr-2961	441	48	the	the	DET
cblr-2961	441	49	market	market	NOUN
cblr-2961	441	50	benefits	benefit	NOUN
cblr-2961	441	51	from	from	ADP
cblr-2961	441	52	hedge	hedge	NOUN
cblr-2961	441	53	fund	fund	NOUN
cblr-2961	441	54	activism	activism	NOUN
cblr-2961	441	55	.	.	PUNCT
cblr-2961	442	1	in	in	ADP
cblr-2961	442	2	a	a	DET
cblr-2961	442	3	semi	semi	ADJ
cblr-2961	442	4	-	-	ADJ
cblr-2961	442	5	strong	strong	ADJ
cblr-2961	442	6	efficient	efficient	ADJ
cblr-2961	442	7	capital	capital	NOUN
cblr-2961	442	8	market	market	NOUN
cblr-2961	442	9	,	,	PUNCT
cblr-2961	442	10	a	a	DET
cblr-2961	442	11	hedge	hedge	NOUN
cblr-2961	442	12	fund	fund	NOUN
cblr-2961	442	13	activist	activist	NOUN
cblr-2961	442	14	's	's	PART
cblr-2961	442	15	announcement	announcement	NOUN
cblr-2961	442	16	of	of	ADP
cblr-2961	442	17	a	a	DET
cblr-2961	442	18	value	value	NOUN
cblr-2961	442	19	-	-	PUNCT
cblr-2961	442	20	increasing	increase	VERB
cblr-2961	442	21	proposal	proposal	NOUN
cblr-2961	442	22	will	will	AUX
cblr-2961	442	23	increase	increase	VERB
cblr-2961	442	24	the	the	DET
cblr-2961	442	25	value	value	NOUN
cblr-2961	442	26	of	of	ADP
cblr-2961	442	27	the	the	DET
cblr-2961	442	28	target	target	NOUN
cblr-2961	442	29	company	company	NOUN
cblr-2961	442	30	's	's	PART
cblr-2961	442	31	stock	stock	NOUN
cblr-2961	442	32	.	.	PUNCT
cblr-2961	443	1	131	131	NUM
cblr-2961	443	2	empirical	empirical	ADJ
cblr-2961	443	3	evidence	evidence	NOUN
cblr-2961	443	4	suggests	suggest	VERB
cblr-2961	443	5	that	that	SCONJ
cblr-2961	443	6	on	on	ADP
cblr-2961	443	7	average	average	ADJ
cblr-2961	443	8	,	,	PUNCT
cblr-2961	443	9	the	the	DET
cblr-2961	443	10	market	market	NOUN
cblr-2961	443	11	views	view	VERB
cblr-2961	443	12	proposals	proposal	NOUN
cblr-2961	443	13	by	by	ADP
cblr-2961	443	14	hedge	hedge	NOUN
cblr-2961	443	15	fund	fund	NOUN
cblr-2961	443	16	activists	activist	NOUN
cblr-2961	443	17	as	as	ADP
cblr-2961	443	18	value	value	NOUN
cblr-2961	443	19	-	-	PUNCT
cblr-2961	443	20	increasing	increase	VERB
cblr-2961	443	21	.	.	PUNCT
cblr-2961	444	1	two	two	NUM
cblr-2961	444	2	recent	recent	ADJ
cblr-2961	444	3	studies	study	NOUN
cblr-2961	444	4	investigate	investigate	VERB
cblr-2961	444	5	the	the	DET
cblr-2961	444	6	market	market	NOUN
cblr-2961	444	7	's	's	PART
cblr-2961	444	8	response	response	NOUN
cblr-2961	444	9	when	when	SCONJ
cblr-2961	444	10	a	a	DET
cblr-2961	444	11	hedge	hedge	NOUN
cblr-2961	444	12	fund	fund	NOUN
cblr-2961	444	13	files	file	VERB
cblr-2961	444	14	a	a	DET
cblr-2961	444	15	schedule	schedule	NOUN
cblr-2961	444	16	13d	13d	NOUN
cblr-2961	444	17	with	with	ADP
cblr-2961	444	18	the	the	DET
cblr-2961	444	19	sec	sec	PROPN
cblr-2961	444	20	(	(	PUNCT
cblr-2961	444	21	which	which	PRON
cblr-2961	444	22	signals	signal	VERB
cblr-2961	444	23	to	to	ADP
cblr-2961	444	24	the	the	DET
cblr-2961	444	25	market	market	NOUN
cblr-2961	444	26	that	that	SCONJ
cblr-2961	444	27	they	they	PRON
cblr-2961	444	28	intend	intend	VERB
cblr-2961	444	29	to	to	PART
cblr-2961	444	30	be	be	AUX
cblr-2961	444	31	activists	activist	NOUN
cblr-2961	444	32	)	)	PUNCT
cblr-2961	444	33	and	and	CCONJ
cblr-2961	444	34	conclude	conclude	VERB
cblr-2961	444	35	that	that	SCONJ
cblr-2961	444	36	the	the	DET
cblr-2961	444	37	market	market	NOUN
cblr-2961	444	38	reacts	react	VERB
cblr-2961	444	39	positively	positively	ADV
cblr-2961	444	40	to	to	ADP
cblr-2961	444	41	such	such	ADJ
cblr-2961	444	42	information	information	NOUN
cblr-2961	444	43	over	over	ADP
cblr-2961	444	44	either	either	CCONJ
cblr-2961	444	45	a	a	DET
cblr-2961	444	46	one	one	NUM
cblr-2961	444	47	-	-	PUNCT
cblr-2961	444	48	month	month	NOUN
cblr-2961	444	49	or	or	CCONJ
cblr-2961	444	50	sixty	sixty	NUM
cblr-2961	444	51	-	-	PUNCT
cblr-2961	444	52	one	one	NUM
cblr-2961	444	53	-	-	PUNCT
cblr-2961	444	54	day	day	NOUN
cblr-2961	444	55	period	period	NOUN
cblr-2961	444	56	.	.	PUNCT
cblr-2961	445	1	139	139	NUM
cblr-2961	446	1	although	although	SCONJ
cblr-2961	446	2	136	136	NUM
cblr-2961	446	3	see	see	VERB
cblr-2961	446	4	brav	brav	PROPN
cblr-2961	446	5	et	et	PROPN
cblr-2961	446	6	al	al	PROPN
cblr-2961	446	7	.	.	PROPN
cblr-2961	446	8	,	,	PUNCT
cblr-2961	446	9	supra	supra	PROPN
cblr-2961	446	10	note	note	VERB
cblr-2961	446	11	20	20	NUM
cblr-2961	446	12	and	and	CCONJ
cblr-2961	446	13	accompanying	accompany	VERB
cblr-2961	446	14	text	text	NOUN
cblr-2961	446	15	.	.	PUNCT
cblr-2961	447	1	117	117	NUM
cblr-2961	447	2	this	this	DET
cblr-2961	447	3	statement	statement	NOUN
cblr-2961	447	4	reflects	reflect	VERB
cblr-2961	447	5	the	the	DET
cblr-2961	447	6	application	application	NOUN
cblr-2961	447	7	of	of	ADP
cblr-2961	447	8	cost	cost	NOUN
cblr-2961	447	9	-	-	PUNCT
cblr-2961	447	10	benefit	benefit	NOUN
cblr-2961	447	11	analysis	analysis	NOUN
cblr-2961	447	12	which	which	PRON
cblr-2961	447	13	requires	require	VERB
cblr-2961	447	14	people	people	NOUN
cblr-2961	447	15	to	to	PART
cblr-2961	447	16	decide	decide	VERB
cblr-2961	447	17	whether	whether	SCONJ
cblr-2961	447	18	the	the	DET
cblr-2961	447	19	advantage	advantage	NOUN
cblr-2961	447	20	gained	gain	VERB
cblr-2961	447	21	from	from	ADP
cblr-2961	447	22	a	a	DET
cblr-2961	447	23	particular	particular	ADJ
cblr-2961	447	24	action	action	NOUN
cblr-2961	447	25	is	be	AUX
cblr-2961	447	26	likely	likely	ADJ
cblr-2961	447	27	to	to	PART
cblr-2961	447	28	outweigh	outweigh	VERB
cblr-2961	447	29	its	its	PRON
cblr-2961	447	30	drawbacks	drawback	NOUN
cblr-2961	447	31	.	.	PUNCT
cblr-2961	448	1	this	this	PRON
cblr-2961	448	2	is	be	AUX
cblr-2961	448	3	a	a	DET
cblr-2961	448	4	valuable	valuable	ADJ
cblr-2961	448	5	and	and	CCONJ
cblr-2961	448	6	constantly	constantly	ADV
cblr-2961	448	7	used	use	VERB
cblr-2961	448	8	tool	tool	NOUN
cblr-2961	448	9	in	in	ADP
cblr-2961	448	10	decision	decision	NOUN
cblr-2961	448	11	making	making	NOUN
cblr-2961	448	12	.	.	PUNCT
cblr-2961	449	1	see	see	VERB
cblr-2961	449	2	david	david	PROPN
cblr-2961	449	3	r.	r.	PROPN
cblr-2961	449	4	henderson	henderson	PROPN
cblr-2961	449	5	,	,	PUNCT
cblr-2961	449	6	the	the	DET
cblr-2961	449	7	fortune	fortune	NOUN
cblr-2961	449	8	encyclopedia	encyclopedia	NOUN
cblr-2961	449	9	of	of	ADP
cblr-2961	449	10	economics	economic	NOUN
cblr-2961	449	11	3	3	NUM
cblr-2961	449	12	(	(	PUNCT
cblr-2961	449	13	1993	1993	NUM
cblr-2961	449	14	)	)	PUNCT
cblr-2961	449	15	.	.	PUNCT
cblr-2961	450	1	but	but	CCONJ
cblr-2961	450	2	this	this	DET
cblr-2961	450	3	statement	statement	NOUN
cblr-2961	450	4	does	do	AUX
cblr-2961	450	5	not	not	PART
cblr-2961	450	6	take	take	VERB
cblr-2961	450	7	into	into	ADP
cblr-2961	450	8	consideration	consideration	NOUN
cblr-2961	450	9	other	other	ADJ
cblr-2961	450	10	external	external	ADJ
cblr-2961	450	11	losses	loss	NOUN
cblr-2961	450	12	that	that	PRON
cblr-2961	450	13	are	be	AUX
cblr-2961	450	14	not	not	PART
cblr-2961	450	15	reflected	reflect	VERB
cblr-2961	450	16	in	in	ADP
cblr-2961	450	17	the	the	DET
cblr-2961	450	18	market	market	NOUN
cblr-2961	450	19	prices	price	NOUN
cblr-2961	450	20	.	.	PUNCT
cblr-2961	451	1	138	138	NUM
cblr-2961	451	2	gilson	gilson	PROPN
cblr-2961	451	3	&	&	CCONJ
cblr-2961	451	4	black	black	PROPN
cblr-2961	451	5	,	,	PUNCT
cblr-2961	451	6	supra	supra	PROPN
cblr-2961	451	7	note	note	NOUN
cblr-2961	451	8	21	21	NUM
cblr-2961	451	9	,	,	PUNCT
cblr-2961	451	10	at	at	ADP
cblr-2961	451	11	135	135	NUM
cblr-2961	451	12	.	.	PUNCT
cblr-2961	451	13	139	139	NUM
cblr-2961	451	14	klein	klein	NOUN
cblr-2961	451	15	and	and	CCONJ
cblr-2961	451	16	zur	zur	VERB
cblr-2961	451	17	define	define	VERB
cblr-2961	451	18	hedge	hedge	NOUN
cblr-2961	451	19	fund	fund	NOUN
cblr-2961	451	20	activism	activism	NOUN
cblr-2961	451	21	as	as	ADP
cblr-2961	451	22	a	a	DET
cblr-2961	451	23	strategy	strategy	NOUN
cblr-2961	451	24	in	in	ADP
cblr-2961	451	25	which	which	PRON
cblr-2961	451	26	a	a	DET
cblr-2961	451	27	hedge	hedge	NOUN
cblr-2961	451	28	fund	fund	NOUN
cblr-2961	451	29	purchases	purchase	NOUN
cblr-2961	451	30	at	at	ADP
cblr-2961	451	31	least	least	ADJ
cblr-2961	451	32	a	a	DET
cblr-2961	451	33	five	five	NUM
cblr-2961	451	34	percent	percent	NOUN
cblr-2961	451	35	stake	stake	NOUN
cblr-2961	451	36	in	in	ADP
cblr-2961	451	37	a	a	DET
cblr-2961	451	38	publicly	publicly	ADV
cblr-2961	451	39	-	-	PUNCT
cblr-2961	451	40	traded	trade	VERB
cblr-2961	451	41	no	no	NOUN
cblr-2961	451	42	.	.	PUNCT
cblr-2961	452	1	2:724	2:724	NUM
cblr-2961	452	2	]	]	X
cblr-2961	452	3	hedge	hedge	NOUN
cblr-2961	452	4	fund	fund	PROPN
cblr-2961	452	5	a	a	DET
cblr-2961	452	6	ctivism	ctivism	NOUN
cblr-2961	452	7	columbia	columbia	PROPN
cblr-2961	452	8	business	business	PROPN
cblr-2961	452	9	law	law	PROPN
cblr-2961	452	10	review	review	NOUN
cblr-2961	452	11	studies	study	NOUN
cblr-2961	452	12	provide	provide	VERB
cblr-2961	452	13	different	different	ADJ
cblr-2961	452	14	explanations	explanation	NOUN
cblr-2961	452	15	for	for	ADP
cblr-2961	452	16	such	such	DET
cblr-2961	452	17	a	a	DET
cblr-2961	452	18	reaction	reaction	NOUN
cblr-2961	452	19	,	,	PUNCT
cblr-2961	452	20	these	these	DET
cblr-2961	452	21	studies	study	NOUN
cblr-2961	452	22	show	show	VERB
cblr-2961	452	23	that	that	SCONJ
cblr-2961	452	24	the	the	DET
cblr-2961	452	25	hedge	hedge	NOUN
cblr-2961	452	26	fund	fund	NOUN
cblr-2961	452	27	activism	activism	NOUN
cblr-2961	452	28	is	be	AUX
cblr-2961	452	29	generally	generally	ADV
cblr-2961	452	30	value	value	NOUN
cblr-2961	452	31	-	-	PUNCT
cblr-2961	452	32	increasing	increase	VERB
cblr-2961	452	33	when	when	SCONJ
cblr-2961	452	34	viewed	view	VERB
cblr-2961	452	35	as	as	ADP
cblr-2961	452	36	a	a	DET
cblr-2961	452	37	whole.14	whole.14	PROPN
cblr-2961	452	38	°	°	PROPN
cblr-2961	452	39	firm	firm	PROPN
cblr-2961	452	40	with	with	ADP
cblr-2961	452	41	the	the	DET
cblr-2961	452	42	stated	state	VERB
cblr-2961	452	43	intent	intent	NOUN
cblr-2961	452	44	of	of	ADP
cblr-2961	452	45	influencing	influence	VERB
cblr-2961	452	46	the	the	DET
cblr-2961	452	47	firm	firm	NOUN
cblr-2961	452	48	's	's	PART
cblr-2961	452	49	policy	policy	NOUN
cblr-2961	452	50	.	.	PUNCT
cblr-2961	453	1	they	they	PRON
cblr-2961	453	2	collected	collect	VERB
cblr-2961	453	3	data	datum	NOUN
cblr-2961	453	4	from	from	ADP
cblr-2961	453	5	13d	13d	NOUN
cblr-2961	453	6	statements	statement	NOUN
cblr-2961	453	7	during	during	ADP
cblr-2961	453	8	january	january	PROPN
cblr-2961	453	9	1	1	NUM
cblr-2961	453	10	,	,	PUNCT
cblr-2961	453	11	2003	2003	NUM
cblr-2961	453	12	and	and	CCONJ
cblr-2961	453	13	december	december	PROPN
cblr-2961	453	14	31	31	NUM
cblr-2961	453	15	,	,	PUNCT
cblr-2961	453	16	2005	2005	NUM
cblr-2961	453	17	that	that	SCONJ
cblr-2961	453	18	(	(	PUNCT
cblr-2961	453	19	1	1	X
cblr-2961	453	20	)	)	PUNCT
cblr-2961	453	21	correspond	correspond	VERB
cblr-2961	453	22	to	to	ADP
cblr-2961	453	23	a	a	DET
cblr-2961	453	24	u.s	u.s	PROPN
cblr-2961	453	25	.	.	PROPN
cblr-2961	453	26	publicly	publicly	ADV
cblr-2961	453	27	-	-	PUNCT
cblr-2961	453	28	traded	trade	VERB
cblr-2961	453	29	firm	firm	NOUN
cblr-2961	453	30	,	,	PUNCT
cblr-2961	453	31	(	(	PUNCT
cblr-2961	453	32	2	2	X
cblr-2961	453	33	)	)	PUNCT
cblr-2961	453	34	are	be	AUX
cblr-2961	453	35	purchased	purchase	VERB
cblr-2961	453	36	by	by	ADP
cblr-2961	453	37	a	a	DET
cblr-2961	453	38	hedge	hedge	NOUN
cblr-2961	453	39	fund	fund	NOUN
cblr-2961	453	40	or	or	CCONJ
cblr-2961	453	41	hedge	hedge	NOUN
cblr-2961	453	42	fund	fund	NOUN
cblr-2961	453	43	manager	manager	NOUN
cblr-2961	453	44	(	(	PUNCT
cblr-2961	453	45	these	these	DET
cblr-2961	453	46	two	two	NUM
cblr-2961	453	47	terms	term	NOUN
cblr-2961	453	48	are	be	AUX
cblr-2961	453	49	not	not	PART
cblr-2961	453	50	defined	define	VERB
cblr-2961	453	51	)	)	PUNCT
cblr-2961	453	52	,	,	PUNCT
cblr-2961	453	53	and	and	CCONJ
cblr-2961	453	54	(	(	PUNCT
cblr-2961	453	55	3	3	X
cblr-2961	453	56	)	)	PUNCT
cblr-2961	453	57	present	present	VERB
cblr-2961	453	58	an	an	DET
cblr-2961	453	59	activist	activist	ADJ
cblr-2961	453	60	agenda	agenda	NOUN
cblr-2961	453	61	in	in	ADP
cblr-2961	453	62	its	its	PRON
cblr-2961	453	63	purpose	purpose	NOUN
cblr-2961	453	64	statement	statement	NOUN
cblr-2961	453	65	.	.	PUNCT
cblr-2961	454	1	their	their	PRON
cblr-2961	454	2	study	study	NOUN
cblr-2961	454	3	identifies	identify	VERB
cblr-2961	454	4	155	155	NUM
cblr-2961	454	5	hedge	hedge	NOUN
cblr-2961	454	6	fund	fund	NOUN
cblr-2961	454	7	activist	activist	NOUN
cblr-2961	454	8	samples	sample	NOUN
cblr-2961	454	9	and	and	CCONJ
cblr-2961	454	10	found	find	VERB
cblr-2961	454	11	that	that	SCONJ
cblr-2961	454	12	the	the	DET
cblr-2961	454	13	market	market	NOUN
cblr-2961	454	14	reacted	react	VERB
cblr-2961	454	15	favorably	favorably	ADV
cblr-2961	454	16	to	to	ADP
cblr-2961	454	17	the	the	DET
cblr-2961	454	18	filing	filing	NOUN
cblr-2961	454	19	of	of	ADP
cblr-2961	454	20	a	a	DET
cblr-2961	454	21	13d	13d	NOUN
cblr-2961	454	22	.	.	PUNCT
cblr-2961	455	1	over	over	ADP
cblr-2961	455	2	a	a	DET
cblr-2961	455	3	sixty	sixty	NUM
cblr-2961	455	4	-	-	PUNCT
cblr-2961	455	5	one	one	NUM
cblr-2961	455	6	day	day	NOUN
cblr-2961	455	7	period	period	NOUN
cblr-2961	455	8	,	,	PUNCT
cblr-2961	455	9	firms	firm	NOUN
cblr-2961	455	10	targeted	target	VERB
cblr-2961	455	11	by	by	ADP
cblr-2961	455	12	hedge	hedge	NOUN
cblr-2961	455	13	finds	find	VERB
cblr-2961	455	14	activists	activist	NOUN
cblr-2961	455	15	had	have	VERB
cblr-2961	455	16	an	an	DET
cblr-2961	455	17	abnormal	abnormal	ADJ
cblr-2961	455	18	return	return	NOUN
cblr-2961	455	19	of	of	ADP
cblr-2961	455	20	10.3	10.3	NUM
cblr-2961	455	21	%	%	NOUN
cblr-2961	455	22	in	in	ADP
cblr-2961	455	23	contrast	contrast	NOUN
cblr-2961	455	24	to	to	ADP
cblr-2961	455	25	2.9	2.9	NUM
cblr-2961	455	26	%	%	NOUN
cblr-2961	455	27	abnormal	abnormal	ADJ
cblr-2961	455	28	return	return	NOUN
cblr-2961	455	29	for	for	ADP
cblr-2961	455	30	the	the	DET
cblr-2961	455	31	matched	match	VERB
cblr-2961	455	32	-	-	PUNCT
cblr-2961	455	33	firm	firm	NOUN
cblr-2961	455	34	control	control	NOUN
cblr-2961	455	35	sample	sample	NOUN
cblr-2961	455	36	.	.	PUNCT
cblr-2961	456	1	klein	klein	PROPN
cblr-2961	456	2	&	&	CCONJ
cblr-2961	456	3	zur	zur	PROPN
cblr-2961	456	4	,	,	PUNCT
cblr-2961	456	5	supra	supra	PROPN
cblr-2961	456	6	note	note	PROPN
cblr-2961	456	7	135	135	NUM
cblr-2961	456	8	,	,	PUNCT
cblr-2961	456	9	at	at	ADP
cblr-2961	456	10	32	32	NUM
cblr-2961	456	11	,	,	PUNCT
cblr-2961	456	12	35	35	NUM
cblr-2961	456	13	-	-	SYM
cblr-2961	456	14	36	36	NUM
cblr-2961	456	15	.	.	PUNCT
cblr-2961	457	1	a	a	DET
cblr-2961	457	2	study	study	NOUN
cblr-2961	457	3	by	by	ADP
cblr-2961	457	4	brav	brav	PROPN
cblr-2961	457	5	et	et	PROPN
cblr-2961	457	6	al	al	PROPN
cblr-2961	457	7	.	.	PROPN
cblr-2961	457	8	,	,	PUNCT
cblr-2961	457	9	acknowledging	acknowledge	VERB
cblr-2961	457	10	the	the	DET
cblr-2961	457	11	difficulty	difficulty	NOUN
cblr-2961	457	12	in	in	ADP
cblr-2961	457	13	defining	define	VERB
cblr-2961	457	14	a	a	DET
cblr-2961	457	15	hedge	hedge	NOUN
cblr-2961	457	16	fund	fund	NOUN
cblr-2961	457	17	ducked	duck	VERB
cblr-2961	457	18	this	this	DET
cblr-2961	457	19	problem	problem	NOUN
cblr-2961	457	20	with	with	ADP
cblr-2961	457	21	a	a	DET
cblr-2961	457	22	two	two	NUM
cblr-2961	457	23	-	-	PUNCT
cblr-2961	457	24	step	step	NOUN
cblr-2961	457	25	procedure	procedure	NOUN
cblr-2961	457	26	to	to	PART
cblr-2961	457	27	compile	compile	VERB
cblr-2961	457	28	their	their	PRON
cblr-2961	457	29	sampling	sampling	NOUN
cblr-2961	457	30	.	.	PUNCT
cblr-2961	458	1	brav	brav	PROPN
cblr-2961	458	2	et	et	PROPN
cblr-2961	458	3	al	al	PROPN
cblr-2961	458	4	.	.	PROPN
cblr-2961	458	5	,	,	PUNCT
cblr-2961	458	6	supra	supra	PROPN
cblr-2961	458	7	note	note	NOUN
cblr-2961	458	8	20	20	NUM
cblr-2961	458	9	.	.	PUNCT
cblr-2961	459	1	first	first	ADV
cblr-2961	459	2	,	,	PUNCT
cblr-2961	459	3	they	they	PRON
cblr-2961	459	4	searched	search	VERB
cblr-2961	459	5	factiva	factiva	NOUN
cblr-2961	459	6	and	and	CCONJ
cblr-2961	459	7	lexis	lexis	NOUN
cblr-2961	459	8	-	-	PUNCT
cblr-2961	459	9	nexis	nexis	NOUN
cblr-2961	459	10	news	news	NOUN
cblr-2961	459	11	databases	database	NOUN
cblr-2961	459	12	for	for	ADP
cblr-2961	459	13	stories	story	NOUN
cblr-2961	459	14	during	during	ADP
cblr-2961	459	15	2004	2004	NUM
cblr-2961	459	16	and	and	CCONJ
cblr-2961	459	17	2005	2005	NUM
cblr-2961	459	18	mentioning	mention	VERB
cblr-2961	459	19	both	both	CCONJ
cblr-2961	459	20	the	the	DET
cblr-2961	459	21	terms	term	NOUN
cblr-2961	459	22	"	"	PUNCT
cblr-2961	459	23	activism	activism	NOUN
cblr-2961	459	24	"	"	PUNCT
cblr-2961	459	25	and	and	CCONJ
cblr-2961	459	26	"	"	PUNCT
cblr-2961	459	27	hedge	hedge	NOUN
cblr-2961	459	28	fund	fund	NOUN
cblr-2961	459	29	.	.	PUNCT
cblr-2961	459	30	"	"	PUNCT
cblr-2961	460	1	from	from	ADP
cblr-2961	460	2	those	those	DET
cblr-2961	460	3	stories	story	NOUN
cblr-2961	460	4	,	,	PUNCT
cblr-2961	460	5	they	they	PRON
cblr-2961	460	6	gathered	gather	VERB
cblr-2961	460	7	the	the	DET
cblr-2961	460	8	names	name	NOUN
cblr-2961	460	9	of	of	ADP
cblr-2961	460	10	approximately	approximately	ADV
cblr-2961	460	11	100	100	NUM
cblr-2961	460	12	hedge	hedge	NOUN
cblr-2961	460	13	funds	fund	NOUN
cblr-2961	460	14	.	.	PUNCT
cblr-2961	461	1	then	then	ADV
cblr-2961	461	2	they	they	PRON
cblr-2961	461	3	performed	perform	VERB
cblr-2961	461	4	searches	search	NOUN
cblr-2961	461	5	in	in	ADP
cblr-2961	461	6	the	the	DET
cblr-2961	461	7	sec	sec	PROPN
cblr-2961	461	8	edgar	edgar	NOUN
cblr-2961	461	9	database	database	NOUN
cblr-2961	461	10	for	for	ADP
cblr-2961	461	11	securities	security	NOUN
cblr-2961	461	12	filings	filing	NOUN
cblr-2961	461	13	by	by	ADP
cblr-2961	461	14	institutions	institution	NOUN
cblr-2961	461	15	with	with	ADP
cblr-2961	461	16	those	those	DET
cblr-2961	461	17	names	name	NOUN
cblr-2961	461	18	(	(	PUNCT
cblr-2961	461	19	or	or	CCONJ
cblr-2961	461	20	under	under	ADP
cblr-2961	461	21	other	other	ADJ
cblr-2961	461	22	affiliated	affiliated	ADJ
cblr-2961	461	23	names	name	NOUN
cblr-2961	461	24	)	)	PUNCT
cblr-2961	461	25	.	.	PUNCT
cblr-2961	462	1	also	also	ADV
cblr-2961	462	2	,	,	PUNCT
cblr-2961	462	3	with	with	ADP
cblr-2961	462	4	respect	respect	NOUN
cblr-2961	462	5	to	to	ADP
cblr-2961	462	6	each	each	DET
cblr-2961	462	7	fund	fund	NOUN
cblr-2961	462	8	-	-	PUNCT
cblr-2961	462	9	target	target	NOUN
cblr-2961	462	10	pair	pair	NOUN
cblr-2961	462	11	,	,	PUNCT
cblr-2961	462	12	they	they	PRON
cblr-2961	462	13	further	far	ADV
cblr-2961	462	14	identified	identify	VERB
cblr-2961	462	15	additional	additional	ADJ
cblr-2961	462	16	hedge	hedge	NOUN
cblr-2961	462	17	funds	fund	NOUN
cblr-2961	462	18	that	that	PRON
cblr-2961	462	19	had	have	AUX
cblr-2961	462	20	participated	participate	VERB
cblr-2961	462	21	in	in	ADP
cblr-2961	462	22	the	the	DET
cblr-2961	462	23	event	event	NOUN
cblr-2961	462	24	but	but	CCONJ
cblr-2961	462	25	were	be	AUX
cblr-2961	462	26	not	not	PART
cblr-2961	462	27	found	find	VERB
cblr-2961	462	28	during	during	ADP
cblr-2961	462	29	their	their	PRON
cblr-2961	462	30	first	first	ADJ
cblr-2961	462	31	search	search	NOUN
cblr-2961	462	32	of	of	ADP
cblr-2961	462	33	media	medium	NOUN
cblr-2961	462	34	sources	source	NOUN
cblr-2961	462	35	.	.	PUNCT
cblr-2961	463	1	to	to	PART
cblr-2961	463	2	supplement	supplement	VERB
cblr-2961	463	3	the	the	DET
cblr-2961	463	4	sample	sample	NOUN
cblr-2961	463	5	's	's	PART
cblr-2961	463	6	inclusiveness	inclusiveness	NOUN
cblr-2961	463	7	further	far	ADV
cblr-2961	463	8	,	,	PUNCT
cblr-2961	463	9	they	they	PRON
cblr-2961	463	10	sought	seek	VERB
cblr-2961	463	11	suggestions	suggestion	NOUN
cblr-2961	463	12	from	from	ADP
cblr-2961	463	13	industry	industry	NOUN
cblr-2961	463	14	members	member	NOUN
cblr-2961	463	15	for	for	ADP
cblr-2961	463	16	additions	addition	NOUN
cblr-2961	463	17	or	or	CCONJ
cblr-2961	463	18	deletions	deletion	NOUN
cblr-2961	463	19	to	to	ADP
cblr-2961	463	20	their	their	PRON
cblr-2961	463	21	list	list	NOUN
cblr-2961	463	22	of	of	ADP
cblr-2961	463	23	hedge	hedge	NOUN
cblr-2961	463	24	funds	fund	NOUN
cblr-2961	463	25	at	at	ADP
cblr-2961	463	26	various	various	ADJ
cblr-2961	463	27	stages	stage	NOUN
cblr-2961	463	28	during	during	ADP
cblr-2961	463	29	the	the	DET
cblr-2961	463	30	process	process	NOUN
cblr-2961	463	31	.	.	PUNCT
cblr-2961	464	1	their	their	PRON
cblr-2961	464	2	study	study	NOUN
cblr-2961	464	3	,	,	PUNCT
cblr-2961	464	4	covering	cover	VERB
cblr-2961	464	5	a	a	DET
cblr-2961	464	6	list	list	NOUN
cblr-2961	464	7	of	of	ADP
cblr-2961	464	8	110	110	NUM
cblr-2961	464	9	activist	activist	ADJ
cblr-2961	464	10	hedge	hedge	NOUN
cblr-2961	464	11	funds	fund	NOUN
cblr-2961	464	12	and	and	CCONJ
cblr-2961	464	13	374	374	NUM
cblr-2961	464	14	fund	fund	NOUN
cblr-2961	464	15	-	-	PUNCT
cblr-2961	464	16	target	target	NOUN
cblr-2961	464	17	pairs	pair	NOUN
cblr-2961	464	18	,	,	PUNCT
cblr-2961	464	19	shows	show	VERB
cblr-2961	464	20	significant	significant	ADJ
cblr-2961	464	21	,	,	PUNCT
cblr-2961	464	22	abnormal	abnormal	ADJ
cblr-2961	464	23	returns	return	NOUN
cblr-2961	464	24	within	within	ADP
cblr-2961	464	25	a	a	DET
cblr-2961	464	26	month	month	NOUN
cblr-2961	464	27	after	after	SCONJ
cblr-2961	464	28	hedge	hedge	NOUN
cblr-2961	464	29	funds	fund	NOUN
cblr-2961	464	30	activist	activist	NOUN
cblr-2961	464	31	filed	file	VERB
cblr-2961	464	32	a	a	DET
cblr-2961	464	33	13d	13d	NOUN
cblr-2961	464	34	.	.	PUNCT
cblr-2961	465	1	i	i	PRON
cblr-2961	465	2	d.	d.	PROPN
cblr-2961	465	3	at	at	ADP
cblr-2961	465	4	10	10	NUM
cblr-2961	465	5	,	,	PUNCT
cblr-2961	465	6	24	24	NUM
cblr-2961	465	7	.	.	PUNCT
cblr-2961	465	8	140	140	NUM
cblr-2961	465	9	klein	klein	PROPN
cblr-2961	465	10	and	and	CCONJ
cblr-2961	465	11	zur	zur	PROPN
cblr-2961	465	12	's	's	PART
cblr-2961	465	13	study	study	NOUN
cblr-2961	465	14	found	find	VERB
cblr-2961	465	15	that	that	SCONJ
cblr-2961	465	16	hedge	hedge	NOUN
cblr-2961	465	17	fund	fund	NOUN
cblr-2961	465	18	activists	activist	NOUN
cblr-2961	465	19	did	do	AUX
cblr-2961	465	20	not	not	PART
cblr-2961	465	21	improve	improve	VERB
cblr-2961	465	22	the	the	DET
cblr-2961	465	23	accounting	accounting	NOUN
cblr-2961	465	24	performances	performance	NOUN
cblr-2961	465	25	of	of	ADP
cblr-2961	465	26	firms	firm	NOUN
cblr-2961	465	27	in	in	ADP
cblr-2961	465	28	the	the	DET
cblr-2961	465	29	year	year	NOUN
cblr-2961	465	30	after	after	ADP
cblr-2961	465	31	the	the	DET
cblr-2961	465	32	initial	initial	ADJ
cblr-2961	465	33	purchase	purchase	NOUN
cblr-2961	465	34	.	.	PUNCT
cblr-2961	466	1	earnings	earning	NOUN
cblr-2961	466	2	per	per	ADP
cblr-2961	466	3	share	share	NOUN
cblr-2961	466	4	(	(	PUNCT
cblr-2961	466	5	"	"	PUNCT
cblr-2961	466	6	eps	eps	PROPN
cblr-2961	466	7	"	"	PUNCT
cblr-2961	466	8	)	)	PUNCT
cblr-2961	466	9	,	,	PUNCT
cblr-2961	466	10	return	return	VERB
cblr-2961	466	11	on	on	ADP
cblr-2961	466	12	assets	asset	NOUN
cblr-2961	466	13	(	(	PUNCT
cblr-2961	466	14	"	"	PUNCT
cblr-2961	466	15	roa	roa	NOUN
cblr-2961	466	16	"	"	PUNCT
cblr-2961	466	17	)	)	PUNCT
cblr-2961	466	18	,	,	PUNCT
cblr-2961	466	19	and	and	CCONJ
cblr-2961	466	20	return	return	VERB
cblr-2961	466	21	on	on	ADP
cblr-2961	466	22	equity	equity	NOUN
cblr-2961	466	23	(	(	PUNCT
cblr-2961	466	24	"	"	PUNCT
cblr-2961	466	25	roe	roe	NOUN
cblr-2961	466	26	"	"	PUNCT
cblr-2961	466	27	)	)	PUNCT
cblr-2961	466	28	declined	decline	VERB
cblr-2961	466	29	in	in	ADP
cblr-2961	466	30	the	the	DET
cblr-2961	466	31	fiscal	fiscal	ADJ
cblr-2961	466	32	year	year	NOUN
cblr-2961	466	33	after	after	ADP
cblr-2961	466	34	the	the	DET
cblr-2961	466	35	activism	activism	NOUN
cblr-2961	466	36	,	,	PUNCT
cblr-2961	466	37	while	while	SCONJ
cblr-2961	466	38	those	those	DET
cblr-2961	466	39	indicators	indicator	NOUN
cblr-2961	466	40	for	for	ADP
cblr-2961	466	41	the	the	DET
cblr-2961	466	42	control	control	NOUN
cblr-2961	466	43	sample	sample	NOUN
cblr-2961	466	44	increased	increase	VERB
cblr-2961	466	45	and	and	CCONJ
cblr-2961	466	46	the	the	DET
cblr-2961	466	47	difference	difference	NOUN
cblr-2961	466	48	is	be	AUX
cblr-2961	466	49	significant	significant	ADJ
cblr-2961	466	50	.	.	PUNCT
cblr-2961	467	1	instead	instead	ADV
cblr-2961	467	2	,	,	PUNCT
cblr-2961	467	3	hedge	hedge	NOUN
cblr-2961	467	4	funds	fund	NOUN
cblr-2961	467	5	extracted	extract	VERB
cblr-2961	467	6	cash	cash	NOUN
cblr-2961	467	7	from	from	ADP
cblr-2961	467	8	the	the	DET
cblr-2961	467	9	firm	firm	NOUN
cblr-2961	467	10	through	through	ADP
cblr-2961	467	11	increasing	increase	VERB
cblr-2961	467	12	the	the	DET
cblr-2961	467	13	debt	debt	NOUN
cblr-2961	467	14	capacity	capacity	NOUN
cblr-2961	467	15	of	of	ADP
cblr-2961	467	16	the	the	DET
cblr-2961	467	17	target	target	NOUN
cblr-2961	467	18	firm	firm	NOUN
cblr-2961	467	19	and	and	CCONJ
cblr-2961	467	20	paying	pay	VERB
cblr-2961	467	21	themselves	themselves	PRON
cblr-2961	467	22	higher	high	ADJ
cblr-2961	467	23	dividends	dividend	NOUN
cblr-2961	467	24	.	.	PUNCT
cblr-2961	468	1	the	the	DET
cblr-2961	468	2	latter	latter	ADJ
cblr-2961	468	3	result	result	NOUN
cblr-2961	468	4	,	,	PUNCT
cblr-2961	468	5	coupled	couple	VERB
cblr-2961	468	6	with	with	ADP
cblr-2961	468	7	the	the	DET
cblr-2961	468	8	positive	positive	ADJ
cblr-2961	468	9	stock	stock	NOUN
cblr-2961	468	10	price	price	NOUN
cblr-2961	468	11	reaction	reaction	NOUN
cblr-2961	468	12	surrounding	surround	VERB
cblr-2961	468	13	the	the	DET
cblr-2961	468	14	13d	13d	NOUN
cblr-2961	468	15	filing	filing	NOUN
cblr-2961	468	16	date	date	NOUN
cblr-2961	468	17	,	,	PUNCT
cblr-2961	468	18	persuaded	persuade	VERB
cblr-2961	468	19	klein	klein	PROPN
cblr-2961	468	20	and	and	CCONJ
cblr-2961	468	21	zur	zur	NOUN
cblr-2961	468	22	that	that	SCONJ
cblr-2961	468	23	shareholders	shareholder	VERB
cblr-2961	468	24	perceive	perceive	VERB
cblr-2961	468	25	benefits	benefit	NOUN
cblr-2961	468	26	to	to	ADP
cblr-2961	468	27	reducing	reduce	VERB
cblr-2961	468	28	agency	agency	NOUN
cblr-2961	468	29	costs	cost	NOUN
cblr-2961	468	30	associated	associate	VERB
cblr-2961	468	31	with	with	ADP
cblr-2961	468	32	excess	excess	ADJ
cblr-2961	468	33	cash	cash	NOUN
cblr-2961	468	34	and	and	CCONJ
cblr-2961	468	35	short	short	ADJ
cblr-2961	468	36	-	-	PUNCT
cblr-2961	468	37	term	term	NOUN
cblr-2961	468	38	investment	investment	NOUN
cblr-2961	468	39	.	.	PUNCT
cblr-2961	469	1	klein	klein	PROPN
cblr-2961	469	2	&	&	CCONJ
cblr-2961	469	3	zur	zur	PROPN
cblr-2961	469	4	,	,	PUNCT
cblr-2961	469	5	supra	supra	PROPN
cblr-2961	469	6	note	note	PROPN
cblr-2961	469	7	135	135	NUM
cblr-2961	469	8	,	,	PUNCT
cblr-2961	469	9	at	at	ADP
cblr-2961	469	10	36	36	NUM
cblr-2961	469	11	.	.	PUNCT
cblr-2961	470	1	the	the	DET
cblr-2961	470	2	study	study	NOUN
cblr-2961	470	3	of	of	ADP
cblr-2961	470	4	brav	brav	PROPN
cblr-2961	470	5	et	et	PROPN
cblr-2961	470	6	al	al	PROPN
cblr-2961	470	7	.	.	PROPN
cblr-2961	470	8	sets	set	VERB
cblr-2961	470	9	up	up	ADP
cblr-2961	470	10	six	six	NUM
cblr-2961	470	11	different	different	ADJ
cblr-2961	470	12	constructs	construct	NOUN
cblr-2961	470	13	to	to	PART
cblr-2961	470	14	explain	explain	VERB
cblr-2961	470	15	what	what	PRON
cblr-2961	470	16	kinds	kind	NOUN
cblr-2961	470	17	of	of	ADP
cblr-2961	470	18	considerations	consideration	NOUN
cblr-2961	470	19	generated	generate	VERB
cblr-2961	470	20	the	the	DET
cblr-2961	470	21	abnormal	abnormal	ADJ
cblr-2961	470	22	returns	return	NOUN
cblr-2961	470	23	.	.	PUNCT
cblr-2961	471	1	these	these	DET
cblr-2961	471	2	six	six	NUM
cblr-2961	471	3	categories	category	NOUN
cblr-2961	471	4	are	be	AUX
cblr-2961	471	5	:	:	PUNCT
cblr-2961	471	6	(	(	PUNCT
cblr-2961	471	7	1	1	X
cblr-2961	471	8	)	)	PUNCT
cblr-2961	471	9	general	general	NOUN
cblr-2961	471	10	:	:	PUNCT
cblr-2961	471	11	all	all	DET
cblr-2961	471	12	events	event	NOUN
cblr-2961	471	13	where	where	SCONJ
cblr-2961	471	14	the	the	DET
cblr-2961	471	15	hedge	hedge	NOUN
cblr-2961	471	16	funds	fund	NOUN
cblr-2961	471	17	do	do	AUX
cblr-2961	471	18	not	not	PART
cblr-2961	471	19	specify	specify	VERB
cblr-2961	471	20	any	any	DET
cblr-2961	471	21	specific	specific	ADJ
cblr-2961	471	22	goal	goal	NOUN
cblr-2961	471	23	or	or	CCONJ
cblr-2961	471	24	motive	motive	VERB
cblr-2961	471	25	;	;	PUNCT
cblr-2961	471	26	(	(	PUNCT
cblr-2961	471	27	2	2	X
cblr-2961	471	28	)	)	PUNCT
cblr-2961	471	29	capital	capital	NOUN
cblr-2961	471	30	structure	structure	NOUN
cblr-2961	471	31	:	:	PUNCT
cblr-2961	471	32	activism	activism	NOUN
cblr-2961	471	33	targeting	target	VERB
cblr-2961	471	34	excess	excess	ADJ
cblr-2961	471	35	cash	cash	NOUN
cblr-2961	471	36	,	,	PUNCT
cblr-2961	471	37	leverage	leverage	NOUN
cblr-2961	471	38	,	,	PUNCT
cblr-2961	471	39	dividends	dividend	NOUN
cblr-2961	471	40	payout	payout	NOUN
cblr-2961	471	41	or	or	CCONJ
cblr-2961	471	42	recapitalization	recapitalization	NOUN
cblr-2961	471	43	;	;	PUNCT
cblr-2961	471	44	(	(	PUNCT
cblr-2961	471	45	3	3	X
cblr-2961	471	46	)	)	PUNCT
cblr-2961	471	47	business	business	NOUN
cblr-2961	471	48	strategy	strategy	NOUN
cblr-2961	471	49	:	:	PUNCT
cblr-2961	472	1	[	[	X
cblr-2961	472	2	vol	vol	NOUN
cblr-2961	472	3	.	.	PUNCT
cblr-2961	472	4	2008	2008	NUM
cblr-2961	472	5	however	however	ADV
cblr-2961	472	6	,	,	PUNCT
cblr-2961	472	7	the	the	DET
cblr-2961	472	8	empirical	empirical	ADJ
cblr-2961	472	9	studies	study	NOUN
cblr-2961	472	10	results	result	NOUN
cblr-2961	472	11	do	do	AUX
cblr-2961	472	12	not	not	PART
cblr-2961	472	13	end	end	VERB
cblr-2961	472	14	the	the	DET
cblr-2961	472	15	inquiry	inquiry	NOUN
cblr-2961	472	16	.	.	PUNCT
cblr-2961	473	1	what	what	PRON
cblr-2961	473	2	hedge	hedge	NOUN
cblr-2961	473	3	fund	fund	NOUN
cblr-2961	473	4	activists	activist	NOUN
cblr-2961	473	5	did	do	AUX
cblr-2961	473	6	in	in	ADP
cblr-2961	473	7	the	the	DET
cblr-2961	473	8	past	past	NOUN
cblr-2961	473	9	does	do	AUX
cblr-2961	473	10	not	not	PART
cblr-2961	473	11	necessarily	necessarily	ADV
cblr-2961	473	12	reflect	reflect	VERB
cblr-2961	473	13	what	what	PRON
cblr-2961	473	14	they	they	PRON
cblr-2961	473	15	will	will	AUX
cblr-2961	473	16	do	do	VERB
cblr-2961	473	17	in	in	ADP
cblr-2961	473	18	the	the	DET
cblr-2961	473	19	future	future	NOUN
cblr-2961	473	20	.	.	PUNCT
cblr-2961	474	1	furthermore	furthermore	ADV
cblr-2961	474	2	,	,	PUNCT
cblr-2961	474	3	the	the	DET
cblr-2961	474	4	currently	currently	ADV
cblr-2961	474	5	available	available	ADJ
cblr-2961	474	6	empirical	empirical	ADJ
cblr-2961	474	7	studies	study	NOUN
cblr-2961	474	8	are	be	AUX
cblr-2961	474	9	still	still	ADV
cblr-2961	474	10	limited	limit	VERB
cblr-2961	474	11	in	in	ADP
cblr-2961	474	12	number	number	NOUN
cblr-2961	474	13	,	,	PUNCT
cblr-2961	474	14	and	and	CCONJ
cblr-2961	474	15	some	some	DET
cblr-2961	474	16	empirical	empirical	ADJ
cblr-2961	474	17	studies	study	NOUN
cblr-2961	474	18	have	have	VERB
cblr-2961	474	19	their	their	PRON
cblr-2961	474	20	own	own	ADJ
cblr-2961	474	21	methodological	methodological	ADJ
cblr-2961	474	22	problems.14	problems.14	NOUN
cblr-2961	474	23	finally	finally	ADV
cblr-2961	474	24	,	,	PUNCT
cblr-2961	474	25	the	the	DET
cblr-2961	474	26	two	two	NUM
cblr-2961	474	27	surveys	survey	NOUN
cblr-2961	474	28	relied	rely	VERB
cblr-2961	474	29	on	on	ADP
cblr-2961	474	30	data	datum	NOUN
cblr-2961	474	31	collected	collect	VERB
cblr-2961	474	32	from	from	ADP
cblr-2961	474	33	2003	2003	NUM
cblr-2961	474	34	to	to	ADP
cblr-2961	474	35	2005,142	2005,142	NUM
cblr-2961	474	36	when	when	SCONJ
cblr-2961	474	37	the	the	DET
cblr-2961	474	38	stock	stock	NOUN
cblr-2961	474	39	market	market	NOUN
cblr-2961	474	40	was	be	AUX
cblr-2961	474	41	rising	rise	VERB
cblr-2961	474	42	.	.	PUNCT
cblr-2961	474	43	"	"	PUNCT
cblr-2961	475	1	the	the	DET
cblr-2961	475	2	role	role	NOUN
cblr-2961	475	3	of	of	ADP
cblr-2961	475	4	hedge	hedge	NOUN
cblr-2961	475	5	fund	fund	NOUN
cblr-2961	475	6	activists	activist	NOUN
cblr-2961	475	7	in	in	ADP
cblr-2961	475	8	a	a	DET
cblr-2961	475	9	sharp	sharp	ADJ
cblr-2961	475	10	market	market	NOUN
cblr-2961	475	11	decline	decline	NOUN
cblr-2961	475	12	,	,	PUNCT
cblr-2961	475	13	such	such	ADJ
cblr-2961	475	14	as	as	ADP
cblr-2961	475	15	the	the	DET
cblr-2961	475	16	recent	recent	ADJ
cblr-2961	475	17	collapse	collapse	NOUN
cblr-2961	475	18	in	in	ADP
cblr-2961	475	19	the	the	DET
cblr-2961	475	20	subprime	subprime	ADJ
cblr-2961	475	21	market	market	NOUN
cblr-2961	475	22	,	,	PUNCT
cblr-2961	475	23	'	'	PUNCT
cblr-2961	475	24	is	be	AUX
cblr-2961	475	25	yet	yet	ADV
cblr-2961	475	26	to	to	PART
cblr-2961	475	27	be	be	AUX
cblr-2961	475	28	assessed	assess	VERB
cblr-2961	475	29	.	.	PUNCT
cblr-2961	476	1	activism	activism	NOUN
cblr-2961	476	2	related	relate	VERB
cblr-2961	476	3	to	to	ADP
cblr-2961	476	4	diversification	diversification	NOUN
cblr-2961	476	5	,	,	PUNCT
cblr-2961	476	6	spin	spin	NOUN
cblr-2961	476	7	-	-	PUNCT
cblr-2961	476	8	off	off	NOUN
cblr-2961	476	9	of	of	ADP
cblr-2961	476	10	assets	asset	NOUN
cblr-2961	476	11	and	and	CCONJ
cblr-2961	476	12	pending	pende	VERB
cblr-2961	476	13	merger	merger	NOUN
cblr-2961	476	14	and	and	CCONJ
cblr-2961	476	15	acquisition	acquisition	NOUN
cblr-2961	476	16	deals	deal	NOUN
cblr-2961	476	17	;	;	PUNCT
cblr-2961	476	18	(	(	PUNCT
cblr-2961	476	19	4	4	X
cblr-2961	476	20	)	)	PUNCT
cblr-2961	476	21	sale	sale	NOUN
cblr-2961	476	22	:	:	PUNCT
cblr-2961	476	23	hedge	hedge	NOUN
cblr-2961	476	24	funds	fund	NOUN
cblr-2961	476	25	request	request	VERB
cblr-2961	476	26	the	the	DET
cblr-2961	476	27	sale	sale	NOUN
cblr-2961	476	28	of	of	ADP
cblr-2961	476	29	the	the	DET
cblr-2961	476	30	target	target	NOUN
cblr-2961	476	31	company	company	NOUN
cblr-2961	476	32	;	;	PUNCT
cblr-2961	476	33	(	(	PUNCT
cblr-2961	476	34	5	5	X
cblr-2961	476	35	)	)	PUNCT
cblr-2961	476	36	governance	governance	NOUN
cblr-2961	476	37	:	:	PUNCT
cblr-2961	476	38	events	event	NOUN
cblr-2961	476	39	related	relate	VERB
cblr-2961	476	40	to	to	ADP
cblr-2961	476	41	rescinding	rescind	VERB
cblr-2961	476	42	takeover	takeover	NOUN
cblr-2961	476	43	defenses	defense	NOUN
cblr-2961	476	44	such	such	ADJ
cblr-2961	476	45	as	as	ADP
cblr-2961	476	46	staggered	staggered	ADJ
cblr-2961	476	47	board	board	NOUN
cblr-2961	476	48	and	and	CCONJ
cblr-2961	476	49	poison	poison	NOUN
cblr-2961	476	50	pills	pill	NOUN
cblr-2961	476	51	;	;	PUNCT
cblr-2961	476	52	and	and	CCONJ
cblr-2961	476	53	(	(	PUNCT
cblr-2961	476	54	6	6	NUM
cblr-2961	476	55	)	)	PUNCT
cblr-2961	476	56	financial	financial	ADJ
cblr-2961	476	57	:	:	PUNCT
cblr-2961	476	58	events	event	NOUN
cblr-2961	476	59	where	where	SCONJ
cblr-2961	476	60	the	the	DET
cblr-2961	476	61	main	main	ADJ
cblr-2961	476	62	motive	motive	NOUN
cblr-2961	476	63	is	be	AUX
cblr-2961	476	64	to	to	PART
cblr-2961	476	65	provide	provide	VERB
cblr-2961	476	66	financing	financing	NOUN
cblr-2961	476	67	to	to	ADP
cblr-2961	476	68	the	the	DET
cblr-2961	476	69	firm	firm	NOUN
cblr-2961	476	70	,	,	PUNCT
cblr-2961	476	71	either	either	CCONJ
cblr-2961	476	72	for	for	ADP
cblr-2961	476	73	business	business	NOUN
cblr-2961	476	74	growth	growth	NOUN
cblr-2961	476	75	or	or	CCONJ
cblr-2961	476	76	for	for	ADP
cblr-2961	476	77	reorganization	reorganization	NOUN
cblr-2961	476	78	of	of	ADP
cblr-2961	476	79	financial	financial	ADJ
cblr-2961	476	80	assets	asset	NOUN
cblr-2961	476	81	.	.	PUNCT
cblr-2961	477	1	the	the	DET
cblr-2961	477	2	model	model	NOUN
cblr-2961	477	3	shows	show	VERB
cblr-2961	477	4	that	that	SCONJ
cblr-2961	477	5	the	the	DET
cblr-2961	477	6	abnormal	abnormal	ADJ
cblr-2961	477	7	returns	return	NOUN
cblr-2961	477	8	are	be	AUX
cblr-2961	477	9	not	not	PART
cblr-2961	477	10	generated	generate	VERB
cblr-2961	477	11	by	by	ADP
cblr-2961	477	12	the	the	DET
cblr-2961	477	13	changes	change	NOUN
cblr-2961	477	14	in	in	ADP
cblr-2961	477	15	capital	capital	NOUN
cblr-2961	477	16	structure	structure	NOUN
cblr-2961	477	17	or	or	CCONJ
cblr-2961	477	18	governance	governance	NOUN
cblr-2961	477	19	.	.	PUNCT
cblr-2961	478	1	instead	instead	ADV
cblr-2961	478	2	,	,	PUNCT
cblr-2961	478	3	the	the	DET
cblr-2961	478	4	highest	high	ADJ
cblr-2961	478	5	abnormal	abnormal	ADJ
cblr-2961	478	6	returns	return	NOUN
cblr-2961	478	7	occur	occur	VERB
cblr-2961	478	8	in	in	ADP
cblr-2961	478	9	the	the	DET
cblr-2961	478	10	third	third	ADJ
cblr-2961	478	11	and	and	CCONJ
cblr-2961	478	12	fourth	fourth	ADJ
cblr-2961	478	13	category	category	NOUN
cblr-2961	478	14	-	-	PUNCT
cblr-2961	478	15	when	when	SCONJ
cblr-2961	478	16	activism	activism	NOUN
cblr-2961	478	17	targets	target	VERB
cblr-2961	478	18	the	the	DET
cblr-2961	478	19	sale	sale	NOUN
cblr-2961	478	20	of	of	ADP
cblr-2961	478	21	the	the	DET
cblr-2961	478	22	company	company	NOUN
cblr-2961	478	23	or	or	CCONJ
cblr-2961	478	24	changes	change	NOUN
cblr-2961	478	25	in	in	ADP
cblr-2961	478	26	business	business	NOUN
cblr-2961	478	27	strategies	strategy	NOUN
cblr-2961	478	28	.	.	PUNCT
cblr-2961	479	1	brav	brav	PROPN
cblr-2961	479	2	et	et	PROPN
cblr-2961	479	3	al	al	PROPN
cblr-2961	479	4	.	.	PROPN
cblr-2961	479	5	,	,	PUNCT
cblr-2961	479	6	supra	supra	PROPN
cblr-2961	479	7	note	note	PROPN
cblr-2961	479	8	20	20	NUM
cblr-2961	479	9	,	,	PUNCT
cblr-2961	479	10	at	at	ADP
cblr-2961	479	11	22	22	NUM
cblr-2961	479	12	-	-	SYM
cblr-2961	479	13	24	24	NUM
cblr-2961	479	14	.	.	PUNCT
cblr-2961	480	1	this	this	DET
cblr-2961	480	2	result	result	NOUN
cblr-2961	480	3	contradicts	contradict	VERB
cblr-2961	480	4	klein	klein	PROPN
cblr-2961	480	5	and	and	CCONJ
cblr-2961	480	6	zur	zur	PROPN
cblr-2961	480	7	's	's	PART
cblr-2961	480	8	conclusion	conclusion	NOUN
cblr-2961	480	9	that	that	SCONJ
cblr-2961	480	10	the	the	DET
cblr-2961	480	11	disgorgement	disgorgement	NOUN
cblr-2961	480	12	of	of	ADP
cblr-2961	480	13	excessive	excessive	ADJ
cblr-2961	480	14	cash	cash	NOUN
cblr-2961	480	15	best	good	ADJ
cblr-2961	480	16	explains	explain	VERB
cblr-2961	480	17	the	the	DET
cblr-2961	480	18	existence	existence	NOUN
cblr-2961	480	19	of	of	ADP
cblr-2961	480	20	abnormal	abnormal	ADJ
cblr-2961	480	21	return	return	NOUN
cblr-2961	480	22	.	.	PUNCT
cblr-2961	481	1	141	141	NUM
cblr-2961	481	2	the	the	DET
cblr-2961	481	3	current	current	ADJ
cblr-2961	481	4	empirical	empirical	ADJ
cblr-2961	481	5	studies	study	NOUN
cblr-2961	481	6	may	may	AUX
cblr-2961	481	7	be	be	AUX
cblr-2961	481	8	flawed	flawed	ADJ
cblr-2961	481	9	for	for	ADP
cblr-2961	481	10	various	various	ADJ
cblr-2961	481	11	reasons	reason	NOUN
cblr-2961	481	12	.	.	PUNCT
cblr-2961	482	1	the	the	DET
cblr-2961	482	2	empirical	empirical	ADJ
cblr-2961	482	3	study	study	NOUN
cblr-2961	482	4	done	do	VERB
cblr-2961	482	5	by	by	ADP
cblr-2961	482	6	brav	brav	PROPN
cblr-2961	482	7	et	et	PROPN
cblr-2961	482	8	al	al	PROPN
cblr-2961	482	9	.	.	PROPN
cblr-2961	482	10	used	use	VERB
cblr-2961	482	11	press	press	NOUN
cblr-2961	482	12	reports	report	NOUN
cblr-2961	482	13	as	as	ADP
cblr-2961	482	14	a	a	DET
cblr-2961	482	15	basis	basis	NOUN
cblr-2961	482	16	to	to	PART
cblr-2961	482	17	form	form	VERB
cblr-2961	482	18	their	their	PRON
cblr-2961	482	19	data	datum	NOUN
cblr-2961	482	20	pool	pool	NOUN
cblr-2961	482	21	.	.	PUNCT
cblr-2961	483	1	brav	brav	PROPN
cblr-2961	483	2	et	et	PROPN
cblr-2961	483	3	al	al	PROPN
cblr-2961	483	4	.	.	PROPN
cblr-2961	483	5	,	,	PUNCT
cblr-2961	483	6	supra	supra	PROPN
cblr-2961	483	7	note	note	NOUN
cblr-2961	483	8	20	20	NUM
cblr-2961	483	9	.	.	PUNCT
cblr-2961	484	1	this	this	PRON
cblr-2961	484	2	reflects	reflect	VERB
cblr-2961	484	3	the	the	DET
cblr-2961	484	4	difficulties	difficulty	NOUN
cblr-2961	484	5	in	in	ADP
cblr-2961	484	6	doing	do	VERB
cblr-2961	484	7	empirical	empirical	ADJ
cblr-2961	484	8	research	research	NOUN
cblr-2961	484	9	regarding	regard	VERB
cblr-2961	484	10	hedge	hedge	NOUN
cblr-2961	484	11	fund	fund	NOUN
cblr-2961	484	12	activism	activism	NOUN
cblr-2961	484	13	when	when	SCONJ
cblr-2961	484	14	there	there	PRON
cblr-2961	484	15	is	be	VERB
cblr-2961	484	16	no	no	DET
cblr-2961	484	17	regulatory	regulatory	ADJ
cblr-2961	484	18	or	or	CCONJ
cblr-2961	484	19	statutory	statutory	ADJ
cblr-2961	484	20	definition	definition	NOUN
cblr-2961	484	21	on	on	ADP
cblr-2961	484	22	either	either	CCONJ
cblr-2961	484	23	the	the	DET
cblr-2961	484	24	term	term	NOUN
cblr-2961	484	25	"	"	PUNCT
cblr-2961	484	26	hedge	hedge	NOUN
cblr-2961	484	27	fund	fund	NOUN
cblr-2961	484	28	"	"	PUNCT
cblr-2961	484	29	or	or	CCONJ
cblr-2961	484	30	"	"	PUNCT
cblr-2961	484	31	activism	activism	NOUN
cblr-2961	484	32	.	.	PUNCT
cblr-2961	484	33	"	"	PUNCT
cblr-2961	485	1	however	however	ADV
cblr-2961	485	2	,	,	PUNCT
cblr-2961	485	3	there	there	PRON
cblr-2961	485	4	is	be	VERB
cblr-2961	485	5	a	a	DET
cblr-2961	485	6	danger	danger	NOUN
cblr-2961	485	7	in	in	ADP
cblr-2961	485	8	relying	rely	VERB
cblr-2961	485	9	on	on	ADP
cblr-2961	485	10	the	the	DET
cblr-2961	485	11	media	medium	NOUN
cblr-2961	485	12	's	's	PART
cblr-2961	485	13	classification	classification	NOUN
cblr-2961	485	14	,	,	PUNCT
cblr-2961	485	15	as	as	SCONJ
cblr-2961	485	16	every	every	DET
cblr-2961	485	17	reporter	reporter	NOUN
cblr-2961	485	18	may	may	AUX
cblr-2961	485	19	have	have	VERB
cblr-2961	485	20	different	different	ADJ
cblr-2961	485	21	views	view	NOUN
cblr-2961	485	22	about	about	ADP
cblr-2961	485	23	what	what	PRON
cblr-2961	485	24	constitutes	constitute	VERB
cblr-2961	485	25	hedge	hedge	NOUN
cblr-2961	485	26	fund	fund	PROPN
cblr-2961	485	27	activism	activism	NOUN
cblr-2961	485	28	.	.	PUNCT
cblr-2961	486	1	bratton	bratton	PROPN
cblr-2961	486	2	notes	note	VERB
cblr-2961	486	3	that	that	SCONJ
cblr-2961	486	4	a	a	DET
cblr-2961	486	5	big	big	ADJ
cblr-2961	486	6	question	question	NOUN
cblr-2961	486	7	is	be	AUX
cblr-2961	486	8	whether	whether	SCONJ
cblr-2961	486	9	the	the	DET
cblr-2961	486	10	sample	sample	NOUN
cblr-2961	486	11	results	result	VERB
cblr-2961	486	12	is	be	AUX
cblr-2961	486	13	a	a	DET
cblr-2961	486	14	skewed	skewed	ADJ
cblr-2961	486	15	presentation	presentation	NOUN
cblr-2961	486	16	of	of	ADP
cblr-2961	486	17	adversary	adversary	NOUN
cblr-2961	486	18	investment	investment	NOUN
cblr-2961	486	19	,	,	PUNCT
cblr-2961	486	20	in	in	ADP
cblr-2961	486	21	particular	particular	ADJ
cblr-2961	486	22	by	by	ADP
cblr-2961	486	23	leading	lead	VERB
cblr-2961	486	24	to	to	ADP
cblr-2961	486	25	an	an	DET
cblr-2961	486	26	underor	underor	NOUN
cblr-2961	486	27	overstatement	overstatement	NOUN
cblr-2961	486	28	of	of	ADP
cblr-2961	486	29	the	the	DET
cblr-2961	486	30	number	number	NOUN
cblr-2961	486	31	of	of	ADP
cblr-2961	486	32	successful	successful	ADJ
cblr-2961	486	33	outcomes	outcome	NOUN
cblr-2961	486	34	.	.	PUNCT
cblr-2961	487	1	bratton	bratton	PROPN
cblr-2961	487	2	,	,	PUNCT
cblr-2961	487	3	supra	supra	PROPN
cblr-2961	487	4	note	note	PROPN
cblr-2961	487	5	94	94	NUM
cblr-2961	487	6	,	,	PUNCT
cblr-2961	487	7	at	at	ADP
cblr-2961	487	8	1385	1385	NUM
cblr-2961	487	9	.	.	PUNCT
cblr-2961	488	1	larger	large	ADJ
cblr-2961	488	2	targets	target	NOUN
cblr-2961	488	3	are	be	AUX
cblr-2961	488	4	probably	probably	ADV
cblr-2961	488	5	overrepresented	overrepresente	VERB
cblr-2961	488	6	as	as	SCONJ
cblr-2961	488	7	they	they	PRON
cblr-2961	488	8	tend	tend	VERB
cblr-2961	488	9	to	to	PART
cblr-2961	488	10	be	be	AUX
cblr-2961	488	11	more	more	ADV
cblr-2961	488	12	newsworthy	newsworthy	ADJ
cblr-2961	488	13	.	.	PUNCT
cblr-2961	489	1	this	this	DET
cblr-2961	489	2	fact	fact	NOUN
cblr-2961	489	3	could	could	AUX
cblr-2961	489	4	lead	lead	VERB
cblr-2961	489	5	to	to	ADP
cblr-2961	489	6	understatement	understatement	NOUN
cblr-2961	489	7	of	of	ADP
cblr-2961	489	8	success	success	NOUN
cblr-2961	489	9	to	to	ADP
cblr-2961	489	10	the	the	DET
cblr-2961	489	11	extent	extent	NOUN
cblr-2961	489	12	that	that	SCONJ
cblr-2961	489	13	larger	large	ADJ
cblr-2961	489	14	firms	firm	NOUN
cblr-2961	489	15	imply	imply	VERB
cblr-2961	489	16	a	a	DET
cblr-2961	489	17	higher	high	ADJ
cblr-2961	489	18	level	level	NOUN
cblr-2961	489	19	of	of	ADP
cblr-2961	489	20	difficulty	difficulty	NOUN
cblr-2961	489	21	.	.	PUNCT
cblr-2961	490	1	i	i	PRON
cblr-2961	490	2	d.	d.	PROPN
cblr-2961	490	3	142	142	NUM
cblr-2961	490	4	the	the	DET
cblr-2961	490	5	measured	measure	VERB
cblr-2961	490	6	periods	period	NOUN
cblr-2961	490	7	of	of	ADP
cblr-2961	490	8	klein	klein	PROPN
cblr-2961	490	9	and	and	CCONJ
cblr-2961	490	10	zu	zu	PROPN
cblr-2961	490	11	and	and	CCONJ
cblr-2961	490	12	brav	brav	PROPN
cblr-2961	490	13	et	et	PROPN
cblr-2961	490	14	al	al	PROPN
cblr-2961	490	15	.	.	PROPN
cblr-2961	490	16	are	be	AUX
cblr-2961	490	17	respectively	respectively	ADV
cblr-2961	490	18	2003	2003	NUM
cblr-2961	490	19	to	to	ADP
cblr-2961	490	20	2005	2005	NUM
cblr-2961	490	21	and	and	CCONJ
cblr-2961	490	22	2004	2004	NUM
cblr-2961	490	23	to	to	ADP
cblr-2961	490	24	2005	2005	NUM
cblr-2961	490	25	.	.	PUNCT
cblr-2961	491	1	see	see	VERB
cblr-2961	491	2	discussion	discussion	NOUN
cblr-2961	491	3	supra	supra	PROPN
cblr-2961	491	4	note	note	PROPN
cblr-2961	491	5	139	139	NUM
cblr-2961	491	6	.	.	PUNCT
cblr-2961	491	7	"	"	PUNCT
cblr-2961	492	1	from	from	ADP
cblr-2961	492	2	the	the	DET
cblr-2961	492	3	start	start	NOUN
cblr-2961	492	4	of	of	ADP
cblr-2961	492	5	2003	2003	NUM
cblr-2961	492	6	to	to	ADP
cblr-2961	492	7	the	the	DET
cblr-2961	492	8	end	end	NOUN
cblr-2961	492	9	of	of	ADP
cblr-2961	492	10	2005	2005	NUM
cblr-2961	492	11	,	,	PUNCT
cblr-2961	492	12	the	the	DET
cblr-2961	492	13	dow	dow	PROPN
cblr-2961	492	14	jones	jones	PROPN
cblr-2961	492	15	industrial	industrial	PROPN
cblr-2961	492	16	average	average	PROPN
cblr-2961	492	17	index	index	NOUN
cblr-2961	492	18	rose	rise	VERB
cblr-2961	492	19	from	from	ADP
cblr-2961	492	20	8607	8607	NUM
cblr-2961	492	21	on	on	ADP
cblr-2961	492	22	january	january	PROPN
cblr-2961	492	23	2	2	NUM
cblr-2961	492	24	,	,	PUNCT
cblr-2961	492	25	2003	2003	NUM
cblr-2961	492	26	to	to	ADP
cblr-2961	492	27	10,717	10,717	NUM
cblr-2961	492	28	on	on	ADP
cblr-2961	492	29	december	december	PROPN
cblr-2961	492	30	30	30	NUM
cblr-2961	492	31	,	,	PUNCT
cblr-2961	492	32	2005	2005	NUM
cblr-2961	492	33	.	.	PUNCT
cblr-2961	493	1	14	14	NUM
cblr-2961	493	2	from	from	ADP
cblr-2961	493	3	december	december	PROPN
cblr-2961	493	4	10	10	NUM
cblr-2961	493	5	,	,	PUNCT
cblr-2961	493	6	2007	2007	NUM
cblr-2961	493	7	to	to	ADP
cblr-2961	493	8	the	the	DET
cblr-2961	493	9	january	january	PROPN
cblr-2961	493	10	22	22	NUM
cblr-2961	493	11	,	,	PUNCT
cblr-2961	493	12	2008	2008	NUM
cblr-2961	493	13	,	,	PUNCT
cblr-2961	493	14	the	the	DET
cblr-2961	493	15	dow	dow	PROPN
cblr-2961	493	16	jones	jones	PROPN
cblr-2961	493	17	industrial	industrial	PROPN
cblr-2961	493	18	average	average	PROPN
cblr-2961	493	19	index	index	NOUN
cblr-2961	493	20	dropped	drop	VERB
cblr-2961	493	21	from	from	ADP
cblr-2961	493	22	the	the	DET
cblr-2961	493	23	climax	climax	NOUN
cblr-2961	493	24	of	of	ADP
cblr-2961	493	25	13,727	13,727	NUM
cblr-2961	493	26	to	to	ADP
cblr-2961	493	27	11,971	11,971	NUM
cblr-2961	493	28	.	.	PUNCT
cblr-2961	494	1	no	no	INTJ
cblr-2961	494	2	.	.	PUNCT
cblr-2961	495	1	2:724	2:724	NUM
cblr-2961	495	2	]	]	X
cblr-2961	495	3	hedge	hedge	NOUN
cblr-2961	495	4	fund	fund	PROPN
cblr-2961	495	5	activism	activism	PROPN
cblr-2961	495	6	columbia	columbia	PROPN
cblr-2961	495	7	business	business	PROPN
cblr-2961	495	8	law	law	PROPN
cblr-2961	495	9	review	review	PROPN
cblr-2961	495	10	b.	b.	PROPN
cblr-2961	495	11	counterbalance	counterbalance	PROPN
cblr-2961	495	12	from	from	ADP
cblr-2961	495	13	other	other	ADJ
cblr-2961	495	14	investors	investor	NOUN
cblr-2961	495	15	and	and	CCONJ
cblr-2961	495	16	reputational	reputational	ADJ
cblr-2961	495	17	sanctions	sanction	NOUN
cblr-2961	495	18	deter	deter	VERB
cblr-2961	495	19	value	value	NOUN
cblr-2961	495	20	-	-	PUNCT
cblr-2961	495	21	decreasing	decrease	VERB
cblr-2961	495	22	activists	activist	NOUN
cblr-2961	495	23	despite	despite	SCONJ
cblr-2961	495	24	the	the	DET
cblr-2961	495	25	obvious	obvious	ADJ
cblr-2961	495	26	limits	limit	NOUN
cblr-2961	495	27	of	of	ADP
cblr-2961	495	28	the	the	DET
cblr-2961	495	29	available	available	ADJ
cblr-2961	495	30	empirical	empirical	ADJ
cblr-2961	495	31	data	datum	NOUN
cblr-2961	495	32	,	,	PUNCT
cblr-2961	495	33	there	there	PRON
cblr-2961	495	34	are	be	VERB
cblr-2961	495	35	additional	additional	ADJ
cblr-2961	495	36	reasons	reason	NOUN
cblr-2961	495	37	why	why	SCONJ
cblr-2961	495	38	hedge	hedge	NOUN
cblr-2961	495	39	fund	fund	NOUN
cblr-2961	495	40	activists	activist	NOUN
cblr-2961	495	41	will	will	AUX
cblr-2961	495	42	not	not	PART
cblr-2961	495	43	ultimately	ultimately	ADV
cblr-2961	495	44	harm	harm	VERB
cblr-2961	495	45	a	a	DET
cblr-2961	495	46	target	target	NOUN
cblr-2961	495	47	company	company	NOUN
cblr-2961	495	48	.	.	PUNCT
cblr-2961	496	1	market	market	NOUN
cblr-2961	496	2	mechanisms	mechanism	NOUN
cblr-2961	496	3	,	,	PUNCT
cblr-2961	496	4	such	such	ADJ
cblr-2961	496	5	as	as	ADP
cblr-2961	496	6	other	other	ADJ
cblr-2961	496	7	investors	investor	NOUN
cblr-2961	496	8	'	'	PART
cblr-2961	496	9	counterbalancing	counterbalance	VERB
cblr-2961	496	10	actions	action	NOUN
cblr-2961	496	11	and	and	CCONJ
cblr-2961	496	12	the	the	DET
cblr-2961	496	13	threat	threat	NOUN
cblr-2961	496	14	of	of	ADP
cblr-2961	496	15	reputational	reputational	ADJ
cblr-2961	496	16	sanctions	sanction	NOUN
cblr-2961	496	17	deter	deter	VERB
cblr-2961	496	18	hedge	hedge	NOUN
cblr-2961	496	19	fund	fund	NOUN
cblr-2961	496	20	activists	activist	NOUN
cblr-2961	496	21	from	from	ADP
cblr-2961	496	22	undertaking	undertake	VERB
cblr-2961	496	23	value	value	NOUN
cblr-2961	496	24	-	-	PUNCT
cblr-2961	496	25	decreasing	decrease	VERB
cblr-2961	496	26	initiatives	initiative	NOUN
cblr-2961	496	27	.	.	PUNCT
cblr-2961	497	1	'45	'45	NUM
cblr-2961	497	2	when	when	SCONJ
cblr-2961	497	3	a	a	DET
cblr-2961	497	4	hedge	hedge	NOUN
cblr-2961	497	5	fund	fund	NOUN
cblr-2961	497	6	plans	plan	VERB
cblr-2961	497	7	to	to	PART
cblr-2961	497	8	launch	launch	VERB
cblr-2961	497	9	an	an	DET
cblr-2961	497	10	attack	attack	NOUN
cblr-2961	497	11	that	that	PRON
cblr-2961	497	12	pursues	pursue	VERB
cblr-2961	497	13	shortterm	shortterm	PROPN
cblr-2961	497	14	interests	interest	NOUN
cblr-2961	497	15	at	at	ADP
cblr-2961	497	16	the	the	DET
cblr-2961	497	17	cost	cost	NOUN
cblr-2961	497	18	of	of	ADP
cblr-2961	497	19	the	the	DET
cblr-2961	497	20	long	long	ADJ
cblr-2961	497	21	-	-	PUNCT
cblr-2961	497	22	term	term	NOUN
cblr-2961	497	23	interests	interest	NOUN
cblr-2961	497	24	of	of	ADP
cblr-2961	497	25	the	the	DET
cblr-2961	497	26	target	target	NOUN
cblr-2961	497	27	company	company	NOUN
cblr-2961	497	28	,	,	PUNCT
cblr-2961	497	29	other	other	ADJ
cblr-2961	497	30	shareholders	shareholder	NOUN
cblr-2961	497	31	who	who	PRON
cblr-2961	497	32	value	value	VERB
cblr-2961	497	33	longer	long	ADJ
cblr-2961	497	34	-	-	PUNCT
cblr-2961	497	35	term	term	NOUN
cblr-2961	497	36	interests	interest	NOUN
cblr-2961	497	37	may	may	AUX
cblr-2961	497	38	counterbalance	counterbalance	VERB
cblr-2961	497	39	such	such	DET
cblr-2961	497	40	an	an	DET
cblr-2961	497	41	attack	attack	NOUN
cblr-2961	497	42	simply	simply	ADV
cblr-2961	497	43	by	by	ADP
cblr-2961	497	44	supporting	support	VERB
cblr-2961	497	45	the	the	DET
cblr-2961	497	46	management	management	NOUN
cblr-2961	497	47	in	in	ADP
cblr-2961	497	48	the	the	DET
cblr-2961	497	49	proxy	proxy	NOUN
cblr-2961	497	50	contest.146	contest.146	NOUN
cblr-2961	497	51	in	in	ADP
cblr-2961	497	52	addition	addition	NOUN
cblr-2961	497	53	,	,	PUNCT
cblr-2961	497	54	hedge	hedge	NOUN
cblr-2961	497	55	fund	fund	NOUN
cblr-2961	497	56	managers	manager	NOUN
cblr-2961	497	57	may	may	AUX
cblr-2961	497	58	also	also	ADV
cblr-2961	497	59	be	be	AUX
cblr-2961	497	60	deterred	deter	VERB
cblr-2961	497	61	from	from	ADP
cblr-2961	497	62	implementing	implement	VERB
cblr-2961	497	63	such	such	ADJ
cblr-2961	497	64	tactics	tactic	NOUN
cblr-2961	497	65	because	because	SCONJ
cblr-2961	497	66	of	of	ADP
cblr-2961	497	67	the	the	DET
cblr-2961	497	68	potential	potential	ADJ
cblr-2961	497	69	impact	impact	NOUN
cblr-2961	497	70	on	on	ADP
cblr-2961	497	71	their	their	PRON
cblr-2961	497	72	reputation	reputation	NOUN
cblr-2961	497	73	.	.	PUNCT
cblr-2961	498	1	47	47	NUM
cblr-2961	498	2	when	when	SCONJ
cblr-2961	498	3	a	a	DET
cblr-2961	498	4	hedge	hedge	NOUN
cblr-2961	498	5	fund	fund	NOUN
cblr-2961	498	6	activist	activist	NOUN
cblr-2961	498	7	announces	announce	VERB
cblr-2961	498	8	its	its	PRON
cblr-2961	498	9	dissatisfaction	dissatisfaction	NOUN
cblr-2961	498	10	with	with	ADP
cblr-2961	498	11	the	the	DET
cblr-2961	498	12	management	management	NOUN
cblr-2961	498	13	and	and	CCONJ
cblr-2961	498	14	board	board	NOUN
cblr-2961	498	15	by	by	ADP
cblr-2961	498	16	proposing	propose	VERB
cblr-2961	498	17	a	a	DET
cblr-2961	498	18	change	change	NOUN
cblr-2961	498	19	,	,	PUNCT
cblr-2961	498	20	the	the	DET
cblr-2961	498	21	board	board	NOUN
cblr-2961	498	22	has	have	VERB
cblr-2961	498	23	several	several	ADJ
cblr-2961	498	24	options	option	NOUN
cblr-2961	498	25	.	.	PUNCT
cblr-2961	499	1	it	it	PRON
cblr-2961	499	2	may	may	AUX
cblr-2961	499	3	agree	agree	VERB
cblr-2961	499	4	to	to	ADP
cblr-2961	499	5	the	the	DET
cblr-2961	499	6	hedge	hedge	NOUN
cblr-2961	499	7	fund	fund	NOUN
cblr-2961	499	8	's	's	PART
cblr-2961	499	9	request	request	NOUN
cblr-2961	499	10	,	,	PUNCT
cblr-2961	499	11	negotiate	negotiate	VERB
cblr-2961	499	12	a	a	DET
cblr-2961	499	13	settlement	settlement	NOUN
cblr-2961	499	14	acceptable	acceptable	ADJ
cblr-2961	499	15	to	to	ADP
cblr-2961	499	16	both	both	DET
cblr-2961	499	17	parties	party	NOUN
cblr-2961	499	18	,	,	PUNCT
cblr-2961	499	19	or	or	CCONJ
cblr-2961	499	20	reject	reject	VERB
cblr-2961	499	21	the	the	DET
cblr-2961	499	22	proposal	proposal	NOUN
cblr-2961	499	23	.	.	PUNCT
cblr-2961	500	1	48	48	NUM
cblr-2961	501	1	if	if	SCONJ
cblr-2961	501	2	no	no	DET
cblr-2961	501	3	friendly	friendly	ADJ
cblr-2961	501	4	solution	solution	NOUN
cblr-2961	501	5	can	can	AUX
cblr-2961	501	6	be	be	AUX
cblr-2961	501	7	reached	reach	VERB
cblr-2961	501	8	and	and	CCONJ
cblr-2961	501	9	the	the	DET
cblr-2961	501	10	management	management	NOUN
cblr-2961	501	11	refuses	refuse	VERB
cblr-2961	501	12	to	to	PART
cblr-2961	501	13	surrender	surrender	VERB
cblr-2961	501	14	to	to	ADP
cblr-2961	501	15	the	the	DET
cblr-2961	501	16	hedge	hedge	NOUN
cblr-2961	501	17	fund	fund	NOUN
cblr-2961	501	18	,	,	PUNCT
cblr-2961	501	19	that	that	PRON
cblr-2961	501	20	represents	represent	VERB
cblr-2961	501	21	a	a	DET
cblr-2961	501	22	drastic	drastic	ADJ
cblr-2961	501	23	twenty	twenty	NUM
cblr-2961	501	24	percent	percent	NOUN
cblr-2961	501	25	decline	decline	NOUN
cblr-2961	501	26	in	in	ADP
cblr-2961	501	27	about	about	ADV
cblr-2961	501	28	one	one	NUM
cblr-2961	501	29	and	and	CCONJ
cblr-2961	501	30	a	a	DET
cblr-2961	501	31	half	half	NOUN
cblr-2961	501	32	months	month	NOUN
cblr-2961	501	33	.	.	PUNCT
cblr-2961	502	1	145	145	NUM
cblr-2961	502	2	this	this	DET
cblr-2961	502	3	note	note	NOUN
cblr-2961	502	4	does	do	AUX
cblr-2961	502	5	not	not	PART
cblr-2961	502	6	address	address	VERB
cblr-2961	502	7	the	the	DET
cblr-2961	502	8	possibility	possibility	NOUN
cblr-2961	502	9	of	of	ADP
cblr-2961	502	10	under	under	ADP
cblr-2961	502	11	-	-	PUNCT
cblr-2961	502	12	the	the	DET
cblr-2961	502	13	-	-	PUNCT
cblr-2961	502	14	table	table	NOUN
cblr-2961	502	15	negotiations	negotiation	NOUN
cblr-2961	502	16	between	between	ADP
cblr-2961	502	17	hedge	hedge	NOUN
cblr-2961	502	18	funds	fund	NOUN
cblr-2961	502	19	and	and	CCONJ
cblr-2961	502	20	management	management	NOUN
cblr-2961	502	21	.	.	PUNCT
cblr-2961	503	1	if	if	SCONJ
cblr-2961	503	2	a	a	DET
cblr-2961	503	3	hedge	hedge	NOUN
cblr-2961	503	4	fund	fund	NOUN
cblr-2961	503	5	that	that	PRON
cblr-2961	503	6	originally	originally	ADV
cblr-2961	503	7	plans	plan	VERB
cblr-2961	503	8	to	to	PART
cblr-2961	503	9	be	be	AUX
cblr-2961	503	10	an	an	DET
cblr-2961	503	11	activist	activist	NOUN
cblr-2961	503	12	later	later	ADV
cblr-2961	503	13	enters	enter	VERB
cblr-2961	503	14	into	into	ADP
cblr-2961	503	15	under	under	ADP
cblr-2961	503	16	-	-	PUNCT
cblr-2961	503	17	the	the	DET
cblr-2961	503	18	-	-	PUNCT
cblr-2961	503	19	table	table	NOUN
cblr-2961	503	20	negotiations	negotiation	NOUN
cblr-2961	503	21	with	with	ADP
cblr-2961	503	22	the	the	DET
cblr-2961	503	23	management	management	NOUN
cblr-2961	503	24	to	to	PART
cblr-2961	503	25	share	share	VERB
cblr-2961	503	26	the	the	DET
cblr-2961	503	27	surplus	surplus	NOUN
cblr-2961	503	28	arising	arise	VERB
cblr-2961	503	29	from	from	ADP
cblr-2961	503	30	a	a	DET
cblr-2961	503	31	harmful	harmful	ADJ
cblr-2961	503	32	deal	deal	NOUN
cblr-2961	503	33	proposed	propose	VERB
cblr-2961	503	34	by	by	ADP
cblr-2961	503	35	the	the	DET
cblr-2961	503	36	management	management	NOUN
cblr-2961	503	37	,	,	PUNCT
cblr-2961	503	38	the	the	DET
cblr-2961	503	39	hedge	hedge	NOUN
cblr-2961	503	40	fund	fund	NOUN
cblr-2961	503	41	is	be	AUX
cblr-2961	503	42	no	no	ADV
cblr-2961	503	43	longer	long	ADV
cblr-2961	503	44	a	a	DET
cblr-2961	503	45	gatekeeper	gatekeeper	NOUN
cblr-2961	503	46	for	for	ADP
cblr-2961	503	47	the	the	DET
cblr-2961	503	48	company	company	NOUN
cblr-2961	503	49	but	but	CCONJ
cblr-2961	503	50	merely	merely	ADV
cblr-2961	503	51	engages	engage	VERB
cblr-2961	503	52	in	in	ADP
cblr-2961	503	53	rent	rent	NOUN
cblr-2961	503	54	seeking	seek	VERB
cblr-2961	503	55	activities	activity	NOUN
cblr-2961	503	56	.	.	PUNCT
cblr-2961	504	1	but	but	CCONJ
cblr-2961	504	2	since	since	SCONJ
cblr-2961	504	3	there	there	PRON
cblr-2961	504	4	has	have	AUX
cblr-2961	504	5	not	not	PART
cblr-2961	504	6	been	be	AUX
cblr-2961	504	7	sufficient	sufficient	ADJ
cblr-2961	504	8	evidence	evidence	NOUN
cblr-2961	504	9	indicating	indicate	VERB
cblr-2961	504	10	this	this	DET
cblr-2961	504	11	problem	problem	NOUN
cblr-2961	504	12	,	,	PUNCT
cblr-2961	504	13	this	this	DET
cblr-2961	504	14	note	note	NOUN
cblr-2961	504	15	does	do	AUX
cblr-2961	504	16	not	not	PART
cblr-2961	504	17	take	take	VERB
cblr-2961	504	18	it	it	PRON
cblr-2961	504	19	into	into	ADP
cblr-2961	504	20	further	further	ADJ
cblr-2961	504	21	discussion	discussion	NOUN
cblr-2961	504	22	.	.	PUNCT
cblr-2961	504	23	'	'	PUNCT
cblr-2961	505	1	see	see	VERB
cblr-2961	505	2	discussion	discussion	NOUN
cblr-2961	505	3	infra	infra	NOUN
cblr-2961	505	4	.	.	PUNCT
cblr-2961	506	1	147	147	NUM
cblr-2961	506	2	see	see	VERB
cblr-2961	506	3	discussion	discussion	NOUN
cblr-2961	506	4	infra	infra	NOUN
cblr-2961	506	5	.	.	PUNCT
cblr-2961	507	1	according	accord	VERB
cblr-2961	507	2	to	to	ADP
cblr-2961	507	3	the	the	DET
cblr-2961	507	4	survey	survey	NOUN
cblr-2961	507	5	by	by	ADP
cblr-2961	507	6	brav	brav	PROPN
cblr-2961	507	7	et	et	PROPN
cblr-2961	507	8	al	al	PROPN
cblr-2961	507	9	.	.	PROPN
cblr-2961	507	10	,	,	PUNCT
cblr-2961	507	11	in	in	ADP
cblr-2961	507	12	half	half	NOUN
cblr-2961	507	13	of	of	ADP
cblr-2961	507	14	the	the	DET
cblr-2961	507	15	cases	case	NOUN
cblr-2961	507	16	involving	involve	VERB
cblr-2961	507	17	aggressive	aggressive	ADJ
cblr-2961	507	18	attacks	attack	NOUN
cblr-2961	507	19	by	by	ADP
cblr-2961	507	20	hedge	hedge	NOUN
cblr-2961	507	21	funds	fund	NOUN
cblr-2961	507	22	,	,	PUNCT
cblr-2961	507	23	targets	target	NOUN
cblr-2961	507	24	fought	fight	VERB
cblr-2961	507	25	back	back	ADV
cblr-2961	507	26	.	.	PUNCT
cblr-2961	508	1	in	in	ADP
cblr-2961	508	2	about	about	ADV
cblr-2961	508	3	one	one	NUM
cblr-2961	508	4	-	-	PUNCT
cblr-2961	508	5	third	third	NOUN
cblr-2961	508	6	of	of	ADP
cblr-2961	508	7	the	the	DET
cblr-2961	508	8	hostile	hostile	ADJ
cblr-2961	508	9	cases	case	NOUN
cblr-2961	508	10	,	,	PUNCT
cblr-2961	508	11	hedge	hedge	NOUN
cblr-2961	508	12	funds	fund	NOUN
cblr-2961	508	13	reached	reach	VERB
cblr-2961	508	14	their	their	PRON
cblr-2961	508	15	main	main	ADJ
cblr-2961	508	16	stated	state	VERB
cblr-2961	508	17	goals	goal	NOUN
cblr-2961	508	18	.	.	PUNCT
cblr-2961	509	1	in	in	ADP
cblr-2961	509	2	another	another	DET
cblr-2961	509	3	third	third	NOUN
cblr-2961	509	4	of	of	ADP
cblr-2961	509	5	the	the	DET
cblr-2961	509	6	cases	case	NOUN
cblr-2961	509	7	,	,	PUNCT
cblr-2961	509	8	hedge	hedge	NOUN
cblr-2961	509	9	funds	fund	NOUN
cblr-2961	509	10	achieved	achieve	VERB
cblr-2961	509	11	partial	partial	ADJ
cblr-2961	509	12	success	success	NOUN
cblr-2961	509	13	by	by	ADP
cblr-2961	509	14	gaining	gain	VERB
cblr-2961	509	15	concessions	concession	NOUN
cblr-2961	509	16	from	from	ADP
cblr-2961	509	17	the	the	DET
cblr-2961	509	18	target	target	NOUN
cblr-2961	509	19	.	.	PUNCT
cblr-2961	510	1	brav	brav	PROPN
cblr-2961	510	2	et	et	PROPN
cblr-2961	510	3	al	al	PROPN
cblr-2961	510	4	.	.	PROPN
cblr-2961	510	5	,	,	PUNCT
cblr-2961	510	6	supra	supra	PROPN
cblr-2961	510	7	note	note	VERB
cblr-2961	510	8	20	20	NUM
cblr-2961	510	9	at	at	ADP
cblr-2961	510	10	3	3	NUM
cblr-2961	510	11	.	.	PUNCT
cblr-2961	511	1	[	[	X
cblr-2961	511	2	vol	vol	NOUN
cblr-2961	511	3	.	.	NOUN
cblr-2961	511	4	2008	2008	NUM
cblr-2961	511	5	hedge	hedge	NOUN
cblr-2961	511	6	fund	fund	NOUN
cblr-2961	511	7	activism	activism	NOUN
cblr-2961	511	8	that	that	DET
cblr-2961	511	9	hedge	hedge	NOUN
cblr-2961	511	10	fund	fund	NOUN
cblr-2961	511	11	can	can	AUX
cblr-2961	511	12	only	only	ADV
cblr-2961	511	13	prevail	prevail	VERB
cblr-2961	511	14	over	over	ADP
cblr-2961	511	15	the	the	DET
cblr-2961	511	16	management	management	NOUN
cblr-2961	511	17	if	if	SCONJ
cblr-2961	511	18	it	it	PRON
cblr-2961	511	19	defeats	defeat	VERB
cblr-2961	511	20	the	the	DET
cblr-2961	511	21	management	management	NOUN
cblr-2961	511	22	in	in	ADP
cblr-2961	511	23	a	a	DET
cblr-2961	511	24	proxy	proxy	NOUN
cblr-2961	511	25	contest	contest	NOUN
cblr-2961	511	26	.	.	PUNCT
cblr-2961	512	1	49	49	NUM
cblr-2961	512	2	in	in	ADP
cblr-2961	512	3	such	such	DET
cblr-2961	512	4	a	a	DET
cblr-2961	512	5	scenario	scenario	NOUN
cblr-2961	512	6	,	,	PUNCT
cblr-2961	512	7	unless	unless	SCONJ
cblr-2961	512	8	a	a	DET
cblr-2961	512	9	hedge	hedge	NOUN
cblr-2961	512	10	fund	fund	NOUN
cblr-2961	512	11	has	have	AUX
cblr-2961	512	12	acquired	acquire	VERB
cblr-2961	512	13	sufficient	sufficient	ADJ
cblr-2961	512	14	shares	share	NOUN
cblr-2961	512	15	to	to	PART
cblr-2961	512	16	dominate	dominate	VERB
cblr-2961	512	17	the	the	DET
cblr-2961	512	18	final	final	ADJ
cblr-2961	512	19	outcome	outcome	NOUN
cblr-2961	512	20	,	,	PUNCT
cblr-2961	512	21	which	which	PRON
cblr-2961	512	22	has	have	AUX
cblr-2961	512	23	rarely	rarely	ADV
cblr-2961	512	24	happened	happen	VERB
cblr-2961	512	25	in	in	ADP
cblr-2961	512	26	the	the	DET
cblr-2961	512	27	past	past	NOUN
cblr-2961	512	28	,	,	PUNCT
cblr-2961	512	29	it	it	PRON
cblr-2961	512	30	can	can	AUX
cblr-2961	512	31	not	not	PART
cblr-2961	512	32	prevail	prevail	VERB
cblr-2961	512	33	without	without	ADP
cblr-2961	512	34	the	the	DET
cblr-2961	512	35	support	support	NOUN
cblr-2961	512	36	of	of	ADP
cblr-2961	512	37	other	other	ADJ
cblr-2961	512	38	shareholders	shareholder	NOUN
cblr-2961	512	39	who	who	PRON
cblr-2961	512	40	share	share	VERB
cblr-2961	512	41	the	the	DET
cblr-2961	512	42	fund	fund	NOUN
cblr-2961	512	43	's	's	PART
cblr-2961	512	44	views	view	NOUN
cblr-2961	512	45	.	.	PUNCT
cblr-2961	513	1	150	150	NUM
cblr-2961	513	2	there	there	PRON
cblr-2961	513	3	are	be	VERB
cblr-2961	513	4	four	four	NUM
cblr-2961	513	5	primary	primary	ADJ
cblr-2961	513	6	types	type	NOUN
cblr-2961	513	7	of	of	ADP
cblr-2961	513	8	institutional	institutional	ADJ
cblr-2961	513	9	investors	investor	NOUN
cblr-2961	513	10	in	in	ADP
cblr-2961	513	11	the	the	DET
cblr-2961	513	12	market	market	NOUN
cblr-2961	513	13	:	:	PUNCT
cblr-2961	513	14	commercial	commercial	ADJ
cblr-2961	513	15	banks	bank	NOUN
cblr-2961	513	16	,	,	PUNCT
cblr-2961	513	17	mutual	mutual	ADJ
cblr-2961	513	18	funds	fund	NOUN
cblr-2961	513	19	,	,	PUNCT
cblr-2961	513	20	insurance	insurance	NOUN
cblr-2961	513	21	companies	company	NOUN
cblr-2961	513	22	,	,	PUNCT
cblr-2961	513	23	and	and	CCONJ
cblr-2961	513	24	pension	pension	NOUN
cblr-2961	513	25	funds	fund	NOUN
cblr-2961	513	26	.	.	PUNCT
cblr-2961	514	1	1	1	NUM
cblr-2961	514	2	'	'	PUNCT
cblr-2961	514	3	among	among	ADP
cblr-2961	514	4	these	these	DET
cblr-2961	514	5	investors	investor	NOUN
cblr-2961	514	6	,	,	PUNCT
cblr-2961	514	7	commercial	commercial	ADJ
cblr-2961	514	8	banks	bank	NOUN
cblr-2961	514	9	and	and	CCONJ
cblr-2961	514	10	insurance	insurance	NOUN
cblr-2961	514	11	companies	company	NOUN
cblr-2961	514	12	tend	tend	VERB
cblr-2961	514	13	to	to	PART
cblr-2961	514	14	support	support	VERB
cblr-2961	514	15	the	the	DET
cblr-2961	514	16	management	management	NOUN
cblr-2961	514	17	unless	unless	SCONJ
cblr-2961	514	18	there	there	PRON
cblr-2961	514	19	is	be	VERB
cblr-2961	514	20	serious	serious	ADJ
cblr-2961	514	21	dissatisfaction	dissatisfaction	NOUN
cblr-2961	514	22	with	with	ADP
cblr-2961	514	23	the	the	DET
cblr-2961	514	24	management	management	NOUN
cblr-2961	514	25	or	or	CCONJ
cblr-2961	514	26	the	the	DET
cblr-2961	514	27	company	company	NOUN
cblr-2961	514	28	is	be	AUX
cblr-2961	514	29	seriously	seriously	ADV
cblr-2961	514	30	underperforming	underperform	VERB
cblr-2961	514	31	.	.	PUNCT
cblr-2961	515	1	5	5	NUM
cblr-2961	515	2	'	'	PART
cblr-2961	515	3	support	support	NOUN
cblr-2961	515	4	from	from	ADP
cblr-2961	515	5	pension	pension	NOUN
cblr-2961	515	6	funds	fund	NOUN
cblr-2961	515	7	and	and	CCONJ
cblr-2961	515	8	mutual	mutual	ADJ
cblr-2961	515	9	funds	fund	NOUN
cblr-2961	515	10	will	will	AUX
cblr-2961	515	11	turn	turn	VERB
cblr-2961	515	12	on	on	ADP
cblr-2961	515	13	whether	whether	SCONJ
cblr-2961	515	14	their	their	PRON
cblr-2961	515	15	investment	investment	NOUN
cblr-2961	515	16	strategies	strategy	NOUN
cblr-2961	515	17	align	align	VERB
cblr-2961	515	18	with	with	ADP
cblr-2961	515	19	a	a	DET
cblr-2961	515	20	hedge	hedge	NOUN
cblr-2961	515	21	fund	fund	NOUN
cblr-2961	515	22	's	's	PART
cblr-2961	515	23	pursuit	pursuit	NOUN
cblr-2961	515	24	of	of	ADP
cblr-2961	515	25	short	short	ADJ
cblr-2961	515	26	-	-	PUNCT
cblr-2961	515	27	term	term	NOUN
cblr-2961	515	28	interest	interest	NOUN
cblr-2961	515	29	.	.	PUNCT
cblr-2961	516	1	for	for	ADP
cblr-2961	516	2	example	example	NOUN
cblr-2961	516	3	,	,	PUNCT
cblr-2961	516	4	the	the	DET
cblr-2961	516	5	goal	goal	NOUN
cblr-2961	516	6	of	of	ADP
cblr-2961	516	7	a	a	DET
cblr-2961	516	8	stock	stock	NOUN
cblr-2961	516	9	index	index	NOUN
cblr-2961	516	10	fund	fund	NOUN
cblr-2961	516	11	is	be	AUX
cblr-2961	516	12	to	to	PART
cblr-2961	516	13	replicate	replicate	VERB
cblr-2961	516	14	the	the	DET
cblr-2961	516	15	performance	performance	NOUN
cblr-2961	516	16	of	of	ADP
cblr-2961	516	17	a	a	DET
cblr-2961	516	18	certain	certain	ADJ
cblr-2961	516	19	stock	stock	NOUN
cblr-2961	516	20	index.5	index.5	PROPN
cblr-2961	516	21	3	3	NUM
cblr-2961	516	22	as	as	ADV
cblr-2961	516	23	long	long	ADV
cblr-2961	516	24	as	as	ADP
cblr-2961	516	25	the	the	DET
cblr-2961	516	26	target	target	NOUN
cblr-2961	516	27	"	"	PUNCT
cblr-2961	516	28	4	4	NUM
cblr-2961	516	29	without	without	ADP
cblr-2961	516	30	a	a	DET
cblr-2961	516	31	shareholders	shareholder	NOUN
cblr-2961	516	32	'	'	PART
cblr-2961	516	33	resolution	resolution	NOUN
cblr-2961	516	34	or	or	CCONJ
cblr-2961	516	35	restriction	restriction	NOUN
cblr-2961	516	36	set	set	VERB
cblr-2961	516	37	forth	forth	ADV
cblr-2961	516	38	in	in	ADP
cblr-2961	516	39	the	the	DET
cblr-2961	516	40	article	article	NOUN
cblr-2961	516	41	of	of	ADP
cblr-2961	516	42	incorporation	incorporation	NOUN
cblr-2961	516	43	or	or	CCONJ
cblr-2961	516	44	bylaws	bylaw	NOUN
cblr-2961	516	45	,	,	PUNCT
cblr-2961	516	46	the	the	DET
cblr-2961	516	47	business	business	NOUN
cblr-2961	516	48	of	of	ADP
cblr-2961	516	49	a	a	DET
cblr-2961	516	50	corporation	corporation	NOUN
cblr-2961	516	51	shall	shall	AUX
cblr-2961	516	52	be	be	AUX
cblr-2961	516	53	managed	manage	VERB
cblr-2961	516	54	by	by	ADP
cblr-2961	516	55	or	or	CCONJ
cblr-2961	516	56	under	under	ADP
cblr-2961	516	57	the	the	DET
cblr-2961	516	58	direction	direction	NOUN
cblr-2961	516	59	of	of	ADP
cblr-2961	516	60	a	a	DET
cblr-2961	516	61	board	board	NOUN
cblr-2961	516	62	of	of	ADP
cblr-2961	516	63	directors	director	NOUN
cblr-2961	516	64	.	.	PUNCT
cblr-2961	517	1	see	see	VERB
cblr-2961	517	2	del	del	PROPN
cblr-2961	517	3	.	.	PROPN
cblr-2961	517	4	code	code	PROPN
cblr-2961	517	5	ann	ann	PROPN
cblr-2961	517	6	.	.	PROPN
cblr-2961	517	7	,	,	PUNCT
cblr-2961	517	8	tit	tit	NOUN
cblr-2961	517	9	.	.	NOUN
cblr-2961	517	10	8	8	NUM
cblr-2961	517	11	,	,	PUNCT
cblr-2961	517	12	§	§	PROPN
cblr-2961	517	13	141(a	141(a	NUM
cblr-2961	517	14	)	)	PUNCT
cblr-2961	517	15	(	(	PUNCT
cblr-2961	517	16	2007	2007	NUM
cblr-2961	517	17	)	)	PUNCT
cblr-2961	517	18	.	.	PUNCT
cblr-2961	518	1	150	150	NUM
cblr-2961	518	2	kahan	kahan	PROPN
cblr-2961	518	3	&	&	CCONJ
cblr-2961	518	4	rock	rock	PROPN
cblr-2961	518	5	,	,	PUNCT
cblr-2961	518	6	supra	supra	PROPN
cblr-2961	518	7	note	note	NOUN
cblr-2961	518	8	30	30	NUM
cblr-2961	518	9	,	,	PUNCT
cblr-2961	518	10	at	at	ADP
cblr-2961	518	11	1088	1088	NUM
cblr-2961	518	12	(	(	PUNCT
cblr-2961	518	13	"	"	PUNCT
cblr-2961	518	14	though	though	SCONJ
cblr-2961	518	15	hedge	hedge	NOUN
cblr-2961	518	16	funds	fund	NOUN
cblr-2961	518	17	have	have	AUX
cblr-2961	518	18	become	become	VERB
cblr-2961	518	19	highly	highly	ADV
cblr-2961	518	20	active	active	ADJ
cblr-2961	518	21	in	in	ADP
cblr-2961	518	22	the	the	DET
cblr-2961	518	23	corporate	corporate	ADJ
cblr-2961	518	24	governance	governance	NOUN
cblr-2961	518	25	area	area	NOUN
cblr-2961	518	26	,	,	PUNCT
cblr-2961	518	27	they	they	PRON
cblr-2961	518	28	generally	generally	ADV
cblr-2961	518	29	have	have	AUX
cblr-2961	518	30	not	not	PART
cblr-2961	518	31	become	become	VERB
cblr-2961	518	32	powerful	powerful	ADJ
cblr-2961	518	33	enough	enough	ADV
cblr-2961	518	34	to	to	PART
cblr-2961	518	35	exercise	exercise	VERB
cblr-2961	518	36	control	control	NOUN
cblr-2961	518	37	over	over	ADP
cblr-2961	518	38	the	the	DET
cblr-2961	518	39	targets	target	NOUN
cblr-2961	518	40	of	of	ADP
cblr-2961	518	41	their	their	PRON
cblr-2961	518	42	activism	activism	NOUN
cblr-2961	518	43	.	.	PUNCT
cblr-2961	519	1	rather	rather	ADV
cblr-2961	519	2	,	,	PUNCT
cblr-2961	519	3	they	they	PRON
cblr-2961	519	4	purchase	purchase	VERB
cblr-2961	519	5	a	a	DET
cblr-2961	519	6	sizeable	sizeable	ADJ
cblr-2961	519	7	,	,	PUNCT
cblr-2961	519	8	but	but	CCONJ
cblr-2961	519	9	far	far	ADV
cblr-2961	519	10	from	from	ADP
cblr-2961	519	11	controlling	control	VERB
cblr-2961	519	12	stake	stake	NOUN
cblr-2961	519	13	rarely	rarely	ADV
cblr-2961	519	14	more	more	ADJ
cblr-2961	519	15	than	than	ADP
cblr-2961	519	16	five	five	NUM
cblr-2961	519	17	to	to	PART
cblr-2961	519	18	ten	ten	NUM
cblr-2961	519	19	percent	percent	NOUN
cblr-2961	519	20	and	and	CCONJ
cblr-2961	519	21	then	then	ADV
cblr-2961	519	22	seek	seek	VERB
cblr-2961	519	23	to	to	PART
cblr-2961	519	24	influence	influence	VERB
cblr-2961	519	25	corporate	corporate	ADJ
cblr-2961	519	26	strategies	strategy	NOUN
cblr-2961	519	27	.	.	PUNCT
cblr-2961	520	1	"	"	PUNCT
cblr-2961	520	2	)	)	PUNCT
cblr-2961	520	3	.	.	PUNCT
cblr-2961	521	1	151	151	NUM
cblr-2961	521	2	see	see	VERB
cblr-2961	521	3	scheherazade	scheherazade	NOUN
cblr-2961	521	4	s.	s.	PROPN
cblr-2961	521	5	rehman	rehman	PROPN
cblr-2961	521	6	,	,	PUNCT
cblr-2961	521	7	can	can	AUX
cblr-2961	521	8	financial	financial	ADJ
cblr-2961	521	9	institutional	institutional	ADJ
cblr-2961	521	10	investors	investor	NOUN
cblr-2961	521	11	legally	legally	ADV
cblr-2961	521	12	safeguard	safeguard	VERB
cblr-2961	521	13	american	american	ADJ
cblr-2961	521	14	stockholders	stockholder	NOUN
cblr-2961	521	15	?	?	PUNCT
cblr-2961	521	16	,	,	PUNCT
cblr-2961	521	17	2	2	NUM
cblr-2961	521	18	n.y.u	n.y.u	NOUN
cblr-2961	521	19	.	.	PUNCT
cblr-2961	522	1	j.	j.	PROPN
cblr-2961	522	2	l.	l.	PROPN
cblr-2961	522	3	&	&	CCONJ
cblr-2961	522	4	bus	bus	PROPN
cblr-2961	522	5	.	.	PUNCT
cblr-2961	523	1	683	683	NUM
cblr-2961	523	2	,	,	PUNCT
cblr-2961	523	3	718	718	NUM
cblr-2961	523	4	(	(	PUNCT
cblr-2961	523	5	2006	2006	NUM
cblr-2961	523	6	)	)	PUNCT
cblr-2961	523	7	;	;	PUNCT
cblr-2961	523	8	roe	roe	NOUN
cblr-2961	523	9	,	,	PUNCT
cblr-2961	523	10	supra	supra	PROPN
cblr-2961	523	11	note	note	PROPN
cblr-2961	523	12	38	38	NUM
cblr-2961	523	13	,	,	PUNCT
cblr-2961	523	14	at	at	ADP
cblr-2961	523	15	16	16	NUM
cblr-2961	523	16	(	(	PUNCT
cblr-2961	523	17	showing	show	VERB
cblr-2961	523	18	that	that	SCONJ
cblr-2961	523	19	in	in	ADP
cblr-2961	523	20	1990	1990	NUM
cblr-2961	523	21	,	,	PUNCT
cblr-2961	523	22	commercial	commercial	ADJ
cblr-2961	523	23	banks	bank	NOUN
cblr-2961	523	24	,	,	PUNCT
cblr-2961	523	25	mutual	mutual	ADJ
cblr-2961	523	26	funds	fund	NOUN
cblr-2961	523	27	,	,	PUNCT
cblr-2961	523	28	insurance	insurance	NOUN
cblr-2961	523	29	companies	company	NOUN
cblr-2961	523	30	,	,	PUNCT
cblr-2961	523	31	and	and	CCONJ
cblr-2961	523	32	pension	pension	NOUN
cblr-2961	523	33	funds	fund	NOUN
cblr-2961	523	34	had	have	VERB
cblr-2961	523	35	assets	asset	NOUN
cblr-2961	523	36	of	of	ADP
cblr-2961	523	37	$	$	SYM
cblr-2961	523	38	3.2	3.2	NUM
cblr-2961	523	39	trillion	trillion	NUM
cblr-2961	523	40	,	,	PUNCT
cblr-2961	523	41	$	$	SYM
cblr-2961	523	42	548	548	NUM
cblr-2961	523	43	billion	billion	NUM
cblr-2961	523	44	,	,	PUNCT
cblr-2961	523	45	$	$	SYM
cblr-2961	523	46	1.8	1.8	NUM
cblr-2961	523	47	trillion	trillion	NUM
cblr-2961	523	48	,	,	PUNCT
cblr-2961	523	49	and	and	CCONJ
cblr-2961	523	50	$	$	SYM
cblr-2961	523	51	1.9	1.9	NUM
cblr-2961	523	52	trillion	trillion	NUM
cblr-2961	523	53	,	,	PUNCT
cblr-2961	523	54	respectively	respectively	ADV
cblr-2961	523	55	)	)	PUNCT
cblr-2961	523	56	.	.	PUNCT
cblr-2961	524	1	152	152	NUM
cblr-2961	524	2	coffee	coffee	NOUN
cblr-2961	524	3	,	,	PUNCT
cblr-2961	524	4	supra	supra	PROPN
cblr-2961	524	5	note	note	NOUN
cblr-2961	524	6	73	73	NUM
cblr-2961	524	7	,	,	PUNCT
cblr-2961	524	8	at	at	ADP
cblr-2961	524	9	1318	1318	NUM
cblr-2961	524	10	(	(	PUNCT
cblr-2961	524	11	stating	state	VERB
cblr-2961	524	12	that	that	SCONJ
cblr-2961	524	13	commercial	commercial	ADJ
cblr-2961	524	14	banks	bank	NOUN
cblr-2961	524	15	and	and	CCONJ
cblr-2961	524	16	insurance	insurance	NOUN
cblr-2961	524	17	companies	company	NOUN
cblr-2961	524	18	have	have	AUX
cblr-2961	524	19	been	be	AUX
cblr-2961	524	20	characterized	characterize	VERB
cblr-2961	524	21	as	as	ADP
cblr-2961	524	22	the	the	DET
cblr-2961	524	23	institutions	institution	NOUN
cblr-2961	524	24	most	most	ADV
cblr-2961	524	25	unlikely	unlikely	ADJ
cblr-2961	524	26	to	to	PART
cblr-2961	524	27	oppose	oppose	VERB
cblr-2961	524	28	corporate	corporate	ADJ
cblr-2961	524	29	management	management	NOUN
cblr-2961	524	30	)	)	PUNCT
cblr-2961	524	31	.	.	PUNCT
cblr-2961	525	1	"	"	PUNCT
cblr-2961	525	2	see	see	VERB
cblr-2961	525	3	generally	generally	ADV
cblr-2961	525	4	wikipedia	wikipedia	PROPN
cblr-2961	525	5	,	,	PUNCT
cblr-2961	525	6	http://en.wikipedia.org/wiki/indexfund	http://en.wikipedia.org/wiki/indexfund	PROPN
cblr-2961	525	7	(	(	PUNCT
cblr-2961	525	8	last	last	ADV
cblr-2961	525	9	visited	visit	VERB
cblr-2961	525	10	mar	mar	PROPN
cblr-2961	525	11	.	.	PROPN
cblr-2961	525	12	7	7	NUM
cblr-2961	525	13	,	,	PUNCT
cblr-2961	525	14	2008	2008	NUM
cblr-2961	525	15	)	)	PUNCT
cblr-2961	525	16	(	(	PUNCT
cblr-2961	525	17	"	"	PUNCT
cblr-2961	525	18	an	an	DET
cblr-2961	525	19	index	index	NOUN
cblr-2961	525	20	fund	fund	NOUN
cblr-2961	525	21	or	or	CCONJ
cblr-2961	525	22	index	index	NOUN
cblr-2961	525	23	tracker	tracker	NOUN
cblr-2961	525	24	is	be	AUX
cblr-2961	525	25	a	a	DET
cblr-2961	525	26	collective	collective	ADJ
cblr-2961	525	27	investment	investment	NOUN
cblr-2961	525	28	scheme	scheme	NOUN
cblr-2961	525	29	that	that	PRON
cblr-2961	525	30	aims	aim	VERB
cblr-2961	525	31	to	to	PART
cblr-2961	525	32	replicate	replicate	VERB
cblr-2961	525	33	the	the	DET
cblr-2961	525	34	movements	movement	NOUN
cblr-2961	525	35	of	of	ADP
cblr-2961	525	36	an	an	DET
cblr-2961	525	37	index	index	NOUN
cblr-2961	525	38	of	of	ADP
cblr-2961	525	39	a	a	DET
cblr-2961	525	40	specific	specific	ADJ
cblr-2961	525	41	financial	financial	ADJ
cblr-2961	525	42	market	market	NOUN
cblr-2961	525	43	,	,	PUNCT
cblr-2961	525	44	or	or	CCONJ
cblr-2961	525	45	a	a	DET
cblr-2961	525	46	set	set	NOUN
cblr-2961	525	47	of	of	ADP
cblr-2961	525	48	rules	rule	NOUN
cblr-2961	525	49	of	of	ADP
cblr-2961	525	50	ownership	ownership	NOUN
cblr-2961	525	51	that	that	PRON
cblr-2961	525	52	are	be	AUX
cblr-2961	525	53	held	hold	VERB
cblr-2961	525	54	constant	constant	ADJ
cblr-2961	525	55	,	,	PUNCT
cblr-2961	525	56	regardless	regardless	ADV
cblr-2961	525	57	of	of	ADP
cblr-2961	525	58	market	market	NOUN
cblr-2961	525	59	conditions	condition	NOUN
cblr-2961	525	60	.	.	PUNCT
cblr-2961	525	61	"	"	PUNCT
cblr-2961	525	62	)	)	PUNCT
cblr-2961	525	63	.	.	PUNCT
cblr-2961	526	1	no	no	INTJ
cblr-2961	526	2	.	.	PUNCT
cblr-2961	527	1	2:7241	2:7241	NUM
cblr-2961	527	2	company	company	NOUN
cblr-2961	527	3	remains	remain	VERB
cblr-2961	527	4	a	a	DET
cblr-2961	527	5	component	component	NOUN
cblr-2961	527	6	of	of	ADP
cblr-2961	527	7	a	a	DET
cblr-2961	527	8	certain	certain	ADJ
cblr-2961	527	9	index	index	NOUN
cblr-2961	527	10	,	,	PUNCT
cblr-2961	527	11	that	that	SCONJ
cblr-2961	527	12	index	index	NOUN
cblr-2961	527	13	funds	fund	NOUN
cblr-2961	527	14	'	'	PART
cblr-2961	527	15	managers	manager	NOUN
cblr-2961	527	16	will	will	AUX
cblr-2961	527	17	keep	keep	VERB
cblr-2961	527	18	holding	hold	VERB
cblr-2961	527	19	that	that	DET
cblr-2961	527	20	company	company	NOUN
cblr-2961	527	21	.	.	PUNCT
cblr-2961	528	1	they	they	PRON
cblr-2961	528	2	are	be	AUX
cblr-2961	528	3	indifferent	indifferent	ADJ
cblr-2961	528	4	to	to	ADP
cblr-2961	528	5	whether	whether	SCONJ
cblr-2961	528	6	a	a	DET
cblr-2961	528	7	hedge	hedge	NOUN
cblr-2961	528	8	fund	fund	NOUN
cblr-2961	528	9	's	's	PART
cblr-2961	528	10	pursuit	pursuit	NOUN
cblr-2961	528	11	of	of	ADP
cblr-2961	528	12	short	short	ADJ
cblr-2961	528	13	-	-	PUNCT
cblr-2961	528	14	term	term	NOUN
cblr-2961	528	15	interests	interest	NOUN
cblr-2961	528	16	succeeds	succeed	VERB
cblr-2961	528	17	because	because	SCONJ
cblr-2961	528	18	the	the	DET
cblr-2961	528	19	goal	goal	NOUN
cblr-2961	528	20	of	of	ADP
cblr-2961	528	21	an	an	DET
cblr-2961	528	22	index	index	NOUN
cblr-2961	528	23	fund	fund	NOUN
cblr-2961	528	24	is	be	AUX
cblr-2961	528	25	to	to	PART
cblr-2961	528	26	track	track	VERB
cblr-2961	528	27	the	the	DET
cblr-2961	528	28	index	index	NOUN
cblr-2961	528	29	rather	rather	ADV
cblr-2961	528	30	than	than	ADP
cblr-2961	528	31	beat	beat	VERB
cblr-2961	528	32	the	the	DET
cblr-2961	528	33	market	market	NOUN
cblr-2961	528	34	.	.	PUNCT
cblr-2961	528	35	'	'	PUNCT
cblr-2961	529	1	in	in	ADP
cblr-2961	529	2	practice	practice	NOUN
cblr-2961	529	3	,	,	PUNCT
cblr-2961	529	4	index	index	NOUN
cblr-2961	529	5	fund	fund	NOUN
cblr-2961	529	6	managers	manager	NOUN
cblr-2961	529	7	compete	compete	VERB
cblr-2961	529	8	with	with	ADP
cblr-2961	529	9	one	one	NUM
cblr-2961	529	10	another	another	DET
cblr-2961	529	11	on	on	ADP
cblr-2961	529	12	the	the	DET
cblr-2961	529	13	basis	basis	NOUN
cblr-2961	529	14	of	of	ADP
cblr-2961	529	15	fund	fund	NOUN
cblr-2961	529	16	expenses	expense	NOUN
cblr-2961	529	17	rather	rather	ADV
cblr-2961	529	18	than	than	ADP
cblr-2961	529	19	on	on	ADP
cblr-2961	529	20	short	short	ADJ
cblr-2961	529	21	-	-	PUNCT
cblr-2961	529	22	term	term	NOUN
cblr-2961	529	23	performance	performance	NOUN
cblr-2961	529	24	.	.	PUNCT
cblr-2961	530	1	'55	'55	NUM
cblr-2961	530	2	therefore	therefore	ADV
cblr-2961	530	3	,	,	PUNCT
cblr-2961	530	4	even	even	ADV
cblr-2961	530	5	though	though	SCONJ
cblr-2961	530	6	index	index	NOUN
cblr-2961	530	7	fund	fund	NOUN
cblr-2961	530	8	managers	manager	NOUN
cblr-2961	530	9	may	may	AUX
cblr-2961	530	10	not	not	PART
cblr-2961	530	11	have	have	VERB
cblr-2961	530	12	incentive	incentive	NOUN
cblr-2961	530	13	to	to	PART
cblr-2961	530	14	be	be	AUX
cblr-2961	530	15	activists,'56	activists,'56	PROPN
cblr-2961	530	16	when	when	SCONJ
cblr-2961	530	17	called	call	VERB
cblr-2961	530	18	on	on	ADP
cblr-2961	530	19	to	to	PART
cblr-2961	530	20	vote	vote	VERB
cblr-2961	530	21	in	in	ADP
cblr-2961	530	22	a	a	DET
cblr-2961	530	23	proxy	proxy	NOUN
cblr-2961	530	24	fight	fight	NOUN
cblr-2961	530	25	,	,	PUNCT
cblr-2961	530	26	they	they	PRON
cblr-2961	530	27	have	have	VERB
cblr-2961	530	28	no	no	DET
cblr-2961	530	29	incentive	incentive	NOUN
cblr-2961	530	30	to	to	PART
cblr-2961	530	31	support	support	VERB
cblr-2961	530	32	a	a	DET
cblr-2961	530	33	value	value	NOUN
cblr-2961	530	34	-	-	PUNCT
cblr-2961	530	35	decreasing	decrease	VERB
cblr-2961	530	36	move	move	NOUN
cblr-2961	530	37	.	.	PUNCT
cblr-2961	531	1	though	though	SCONJ
cblr-2961	531	2	it	it	PRON
cblr-2961	531	3	is	be	AUX
cblr-2961	531	4	likely	likely	ADJ
cblr-2961	531	5	that	that	SCONJ
cblr-2961	531	6	some	some	DET
cblr-2961	531	7	institutional	institutional	ADJ
cblr-2961	531	8	investors	investor	NOUN
cblr-2961	531	9	may	may	AUX
cblr-2961	531	10	be	be	AUX
cblr-2961	531	11	interested	interested	ADJ
cblr-2961	531	12	in	in	ADP
cblr-2961	531	13	a	a	DET
cblr-2961	531	14	quick	quick	ADJ
cblr-2961	531	15	profit	profit	NOUN
cblr-2961	531	16	and	and	CCONJ
cblr-2961	531	17	thus	thus	ADV
cblr-2961	531	18	may	may	AUX
cblr-2961	531	19	choose	choose	VERB
cblr-2961	531	20	to	to	PART
cblr-2961	531	21	support	support	VERB
cblr-2961	531	22	a	a	DET
cblr-2961	531	23	hedge	hedge	NOUN
cblr-2961	531	24	fund	fund	NOUN
cblr-2961	531	25	's	's	PART
cblr-2961	531	26	pursuit	pursuit	NOUN
cblr-2961	531	27	of	of	ADP
cblr-2961	531	28	short	short	ADJ
cblr-2961	531	29	-	-	PUNCT
cblr-2961	531	30	term	term	NOUN
cblr-2961	531	31	results	result	NOUN
cblr-2961	531	32	,	,	PUNCT
cblr-2961	531	33	"	"	PUNCT
cblr-2961	531	34	the	the	DET
cblr-2961	531	35	available	available	ADJ
cblr-2961	531	36	evidence	evidence	NOUN
cblr-2961	531	37	strongly	strongly	ADV
cblr-2961	531	38	suggests	suggest	VERB
cblr-2961	531	39	that	that	SCONJ
cblr-2961	531	40	institutional	institutional	ADJ
cblr-2961	531	41	investors	investor	NOUN
cblr-2961	531	42	are	be	AUX
cblr-2961	531	43	not	not	PART
cblr-2961	531	44	systematically	systematically	ADV
cblr-2961	531	45	myopic	myopic	ADJ
cblr-2961	531	46	.	.	PUNCT
cblr-2961	531	47	"	"	PUNCT
cblr-2961	531	48	"	"	PUNCT
cblr-2961	531	49	'	'	PUNCT
cblr-2961	531	50	if	if	SCONJ
cblr-2961	531	51	the	the	DET
cblr-2961	531	52	target	target	NOUN
cblr-2961	531	53	company	company	NOUN
cblr-2961	531	54	is	be	AUX
cblr-2961	531	55	not	not	PART
cblr-2961	531	56	controlled	control	VERB
cblr-2961	531	57	by	by	ADP
cblr-2961	531	58	institutional	institutional	ADJ
cblr-2961	531	59	shareholders	shareholder	NOUN
cblr-2961	531	60	,	,	PUNCT
cblr-2961	531	61	whether	whether	SCONJ
cblr-2961	531	62	hedge	hedge	NOUN
cblr-2961	531	63	funds	fund	NOUN
cblr-2961	531	64	can	can	AUX
cblr-2961	531	65	get	get	VERB
cblr-2961	531	66	support	support	NOUN
cblr-2961	531	67	from	from	ADP
cblr-2961	531	68	these	these	DET
cblr-2961	531	69	other	other	ADJ
cblr-2961	531	70	shareholders	shareholder	NOUN
cblr-2961	531	71	,	,	PUNCT
cblr-2961	531	72	such	such	ADJ
cblr-2961	531	73	as	as	ADP
cblr-2961	531	74	the	the	DET
cblr-2961	531	75	family	family	NOUN
cblr-2961	531	76	of	of	ADP
cblr-2961	531	77	the	the	DET
cblr-2961	531	78	founding	found	VERB
cblr-2961	531	79	persons	person	NOUN
cblr-2961	531	80	or	or	CCONJ
cblr-2961	531	81	employees	employee	NOUN
cblr-2961	531	82	of	of	ADP
cblr-2961	531	83	the	the	DET
cblr-2961	531	84	target	target	NOUN
cblr-2961	531	85	company	company	NOUN
cblr-2961	531	86	,	,	PUNCT
cblr-2961	531	87	is	be	AUX
cblr-2961	531	88	also	also	ADV
cblr-2961	531	89	uncertain	uncertain	ADJ
cblr-2961	531	90	.	.	PUNCT
cblr-2961	532	1	58	58	NUM
cblr-2961	532	2	with	with	ADP
cblr-2961	532	3	the	the	DET
cblr-2961	532	4	counterbalancing	counterbalance	VERB
cblr-2961	532	5	power	power	NOUN
cblr-2961	532	6	in	in	ADP
cblr-2961	532	7	place	place	NOUN
cblr-2961	532	8	,	,	PUNCT
cblr-2961	532	9	other	other	ADJ
cblr-2961	532	10	longerterm	longerterm	NOUN
cblr-2961	532	11	investors	investor	NOUN
cblr-2961	532	12	may	may	AUX
cblr-2961	532	13	simply	simply	ADV
cblr-2961	532	14	stand	stand	VERB
cblr-2961	532	15	by	by	ADP
cblr-2961	532	16	the	the	DET
cblr-2961	532	17	management	management	NOUN
cblr-2961	532	18	and	and	CCONJ
cblr-2961	532	19	defeat	defeat	VERB
cblr-2961	532	20	a	a	DET
cblr-2961	532	21	proposal	proposal	NOUN
cblr-2961	532	22	pressed	press	VERB
cblr-2961	532	23	by	by	ADP
cblr-2961	532	24	the	the	DET
cblr-2961	532	25	hedge	hedge	NOUN
cblr-2961	532	26	fund	fund	NOUN
cblr-2961	532	27	that	that	PRON
cblr-2961	532	28	is	be	AUX
cblr-2961	532	29	harmful	harmful	ADJ
cblr-2961	532	30	to	to	ADP
cblr-2961	532	31	the	the	DET
cblr-2961	532	32	long	long	ADJ
cblr-2961	532	33	-	-	PUNCT
cblr-2961	532	34	term	term	NOUN
cblr-2961	532	35	value	value	NOUN
cblr-2961	532	36	of	of	ADP
cblr-2961	532	37	the	the	DET
cblr-2961	532	38	company	company	NOUN
cblr-2961	532	39	.	.	PUNCT
cblr-2961	533	1	the	the	DET
cblr-2961	533	2	battle	battle	NOUN
cblr-2961	533	3	between	between	ADP
cblr-2961	533	4	carl	carl	PROPN
cblr-2961	533	5	icahn	icahn	PROPN
cblr-2961	533	6	,	,	PUNCT
cblr-2961	533	7	a	a	DET
cblr-2961	533	8	famous	famous	ADJ
cblr-2961	533	9	hedge	hedge	NOUN
cblr-2961	533	10	fund	fund	NOUN
cblr-2961	533	11	manager	manager	NOUN
cblr-2961	533	12	,	,	PUNCT
cblr-2961	533	13	and	and	CCONJ
cblr-2961	533	14	time	time	NOUN
cblr-2961	533	15	warner	warner	PROPN
cblr-2961	533	16	cable	cable	NOUN
cblr-2961	533	17	in	in	ADP
cblr-2961	533	18	2005	2005	NUM
cblr-2961	533	19	provides	provide	VERB
cblr-2961	533	20	an	an	DET
cblr-2961	533	21	example	example	NOUN
cblr-2961	533	22	.	.	PUNCT
cblr-2961	534	1	'59	'59	NUM
cblr-2961	534	2	icahn	icahn	PROPN
cblr-2961	534	3	failed	fail	VERB
cblr-2961	534	4	to	to	PART
cblr-2961	534	5	win	win	VERB
cblr-2961	534	6	"	"	PUNCT
cblr-2961	534	7	"	"	PUNCT
cblr-2961	534	8	coffee	coffee	NOUN
cblr-2961	534	9	,	,	PUNCT
cblr-2961	534	10	supra	supra	PROPN
cblr-2961	534	11	note	note	NOUN
cblr-2961	534	12	73	73	NUM
cblr-2961	534	13	,	,	PUNCT
cblr-2961	534	14	at	at	ADP
cblr-2961	534	15	1365	1365	NUM
cblr-2961	534	16	(	(	PUNCT
cblr-2961	534	17	"	"	PUNCT
cblr-2961	534	18	[	[	X
cblr-2961	534	19	i]t	i]t	NOUN
cblr-2961	534	20	is	be	AUX
cblr-2961	534	21	impossible	impossible	ADJ
cblr-2961	534	22	to	to	PART
cblr-2961	534	23	calculate	calculate	VERB
cblr-2961	534	24	how	how	SCONJ
cblr-2961	534	25	an	an	DET
cblr-2961	534	26	index	index	NOUN
cblr-2961	534	27	fund	fund	NOUN
cblr-2961	534	28	's	's	PART
cblr-2961	534	29	performance	performance	NOUN
cblr-2961	534	30	exceeded	exceed	VERB
cblr-2961	534	31	that	that	PRON
cblr-2961	534	32	of	of	ADP
cblr-2961	534	33	the	the	DET
cblr-2961	534	34	market	market	NOUN
cblr-2961	534	35	when	when	SCONJ
cblr-2961	534	36	,	,	PUNCT
cblr-2961	534	37	by	by	ADP
cblr-2961	534	38	definition	definition	NOUN
cblr-2961	534	39	,	,	PUNCT
cblr-2961	534	40	it	it	PRON
cblr-2961	534	41	sought	seek	VERB
cblr-2961	534	42	to	to	PART
cblr-2961	534	43	match	match	VERB
cblr-2961	534	44	the	the	DET
cblr-2961	534	45	market	market	NOUN
cblr-2961	534	46	.	.	PUNCT
cblr-2961	535	1	"	"	PUNCT
cblr-2961	535	2	)	)	PUNCT
cblr-2961	535	3	.	.	PUNCT
cblr-2961	536	1	155	155	NUM
cblr-2961	537	1	i	i	PROPN
cblr-2961	537	2	d.	d.	PROPN
cblr-2961	537	3	at	at	ADP
cblr-2961	537	4	1341	1341	NUM
cblr-2961	537	5	.	.	PUNCT
cblr-2961	538	1	'	'	NUM
cblr-2961	538	2	5	5	NUM
cblr-2961	538	3	i	i	PROPN
cblr-2961	538	4	d.	d.	PROPN
cblr-2961	538	5	(	(	PUNCT
cblr-2961	538	6	"	"	PUNCT
cblr-2961	538	7	although	although	SCONJ
cblr-2961	538	8	indexed	indexed	ADJ
cblr-2961	538	9	investors	investor	NOUN
cblr-2961	538	10	are	be	AUX
cblr-2961	538	11	typically	typically	ADV
cblr-2961	538	12	long	long	ADJ
cblr-2961	538	13	-	-	PUNCT
cblr-2961	538	14	term	term	NOUN
cblr-2961	538	15	and	and	CCONJ
cblr-2961	538	16	substantial	substantial	ADJ
cblr-2961	538	17	holders	holder	NOUN
cblr-2961	538	18	,	,	PUNCT
cblr-2961	538	19	it	it	PRON
cblr-2961	538	20	does	do	AUX
cblr-2961	538	21	not	not	PART
cblr-2961	538	22	follow	follow	VERB
cblr-2961	538	23	from	from	ADP
cblr-2961	538	24	this	this	PRON
cblr-2961	538	25	that	that	SCONJ
cblr-2961	538	26	they	they	PRON
cblr-2961	538	27	will	will	AUX
cblr-2961	538	28	be	be	AUX
cblr-2961	538	29	active	active	ADJ
cblr-2961	538	30	monitors	monitor	NOUN
cblr-2961	538	31	.	.	PUNCT
cblr-2961	539	1	"	"	PUNCT
cblr-2961	539	2	)	)	PUNCT
cblr-2961	539	3	.	.	PUNCT
cblr-2961	540	1	157	157	NUM
cblr-2961	540	2	bernard	bernard	PROPN
cblr-2961	540	3	s.	s.	PROPN
cblr-2961	540	4	black	black	PROPN
cblr-2961	540	5	,	,	PUNCT
cblr-2961	540	6	agents	agent	NOUN
cblr-2961	540	7	watching	watch	VERB
cblr-2961	540	8	agents	agent	NOUN
cblr-2961	540	9	:	:	PUNCT
cblr-2961	540	10	the	the	DET
cblr-2961	540	11	promise	promise	NOUN
cblr-2961	540	12	of	of	ADP
cblr-2961	540	13	institutional	institutional	ADJ
cblr-2961	540	14	investor	investor	NOUN
cblr-2961	540	15	voice	voice	NOUN
cblr-2961	540	16	,	,	PUNCT
cblr-2961	540	17	39	39	NUM
cblr-2961	540	18	ucla	ucla	PROPN
cblr-2961	540	19	l.	l.	PROPN
cblr-2961	540	20	rev	rev	PROPN
cblr-2961	540	21	.	.	PROPN
cblr-2961	540	22	811	811	NUM
cblr-2961	540	23	,	,	PUNCT
cblr-2961	540	24	862	862	NUM
cblr-2961	540	25	(	(	PUNCT
cblr-2961	540	26	1992	1992	NUM
cblr-2961	540	27	)	)	PUNCT
cblr-2961	540	28	;	;	PUNCT
cblr-2961	540	29	see	see	VERB
cblr-2961	540	30	also	also	ADV
cblr-2961	540	31	kahan	kahan	PROPN
cblr-2961	540	32	&	&	CCONJ
cblr-2961	540	33	rock	rock	PROPN
cblr-2961	540	34	,	,	PUNCT
cblr-2961	540	35	supra	supra	PROPN
cblr-2961	540	36	note	note	NOUN
cblr-2961	540	37	30	30	NUM
cblr-2961	540	38	,	,	PUNCT
cblr-2961	540	39	at	at	ADP
cblr-2961	540	40	1085	1085	NUM
cblr-2961	540	41	(	(	PUNCT
cblr-2961	540	42	"	"	PUNCT
cblr-2961	540	43	[	[	X
cblr-2961	540	44	tjhe	tjhe	ADJ
cblr-2961	540	45	empirical	empirical	ADJ
cblr-2961	540	46	evidence	evidence	NOUN
cblr-2961	540	47	on	on	ADP
cblr-2961	540	48	the	the	DET
cblr-2961	540	49	extent	extent	NOUN
cblr-2961	540	50	and	and	CCONJ
cblr-2961	540	51	magnitude	magnitude	NOUN
cblr-2961	540	52	of	of	ADP
cblr-2961	540	53	myopia	myopia	NOUN
cblr-2961	540	54	is	be	AUX
cblr-2961	540	55	sketchy	sketchy	ADJ
cblr-2961	540	56	at	at	ADP
cblr-2961	540	57	best	well	ADV
cblr-2961	540	58	.	.	PUNCT
cblr-2961	540	59	"	"	PUNCT
cblr-2961	540	60	)	)	PUNCT
cblr-2961	540	61	.	.	PUNCT
cblr-2961	541	1	168	168	NUM
cblr-2961	541	2	kahan	kahan	PROPN
cblr-2961	541	3	&	&	CCONJ
cblr-2961	541	4	rock	rock	PROPN
cblr-2961	541	5	,	,	PUNCT
cblr-2961	541	6	supra	supra	PROPN
cblr-2961	541	7	note	note	NOUN
cblr-2961	541	8	30	30	NUM
cblr-2961	541	9	,	,	PUNCT
cblr-2961	541	10	at	at	ADP
cblr-2961	541	11	1089	1089	NUM
cblr-2961	541	12	(	(	PUNCT
cblr-2961	541	13	pointing	point	VERB
cblr-2961	541	14	out	out	ADP
cblr-2961	541	15	that	that	SCONJ
cblr-2961	541	16	the	the	DET
cblr-2961	541	17	support	support	NOUN
cblr-2961	541	18	from	from	ADP
cblr-2961	541	19	neither	neither	DET
cblr-2961	541	20	type	type	NOUN
cblr-2961	541	21	of	of	ADP
cblr-2961	541	22	shareholders	shareholder	NOUN
cblr-2961	541	23	can	can	AUX
cblr-2961	541	24	be	be	AUX
cblr-2961	541	25	taken	take	VERB
cblr-2961	541	26	for	for	ADP
cblr-2961	541	27	granted	grant	VERB
cblr-2961	541	28	)	)	PUNCT
cblr-2961	541	29	.	.	PUNCT
cblr-2961	542	1	159	159	NUM
cblr-2961	542	2	see	see	VERB
cblr-2961	542	3	supra	supra	PROPN
cblr-2961	542	4	notes	note	VERB
cblr-2961	542	5	113	113	NUM
cblr-2961	542	6	-	-	SYM
cblr-2961	542	7	19	19	NUM
cblr-2961	542	8	and	and	CCONJ
cblr-2961	542	9	accompanying	accompany	VERB
cblr-2961	542	10	text	text	NOUN
cblr-2961	542	11	.	.	PUNCT
cblr-2961	543	1	[	[	X
cblr-2961	543	2	vol	vol	NOUN
cblr-2961	543	3	.	.	PUNCT
cblr-2961	543	4	2008col	2008col	NUM
cblr-2961	543	5	umbia	umbia	NOUN
cblr-2961	543	6	b	b	PROPN
cblr-2961	543	7	usiness	usiness	PROPN
cblr-2961	543	8	la	la	PROPN
cblr-2961	543	9	w	w	PROPN
cblr-2961	543	10	re	re	PROPN
cblr-2961	543	11	viewjhedge	viewjhedge	NOUN
cblr-2961	543	12	fund	fund	NOUN
cblr-2961	543	13	activism	activism	NOUN
cblr-2961	543	14	over	over	ADP
cblr-2961	543	15	even	even	ADV
cblr-2961	543	16	a	a	DET
cblr-2961	543	17	fraction	fraction	NOUN
cblr-2961	543	18	of	of	ADP
cblr-2961	543	19	his	his	PRON
cblr-2961	543	20	fellow	fellow	ADJ
cblr-2961	543	21	shareholders	shareholder	NOUN
cblr-2961	543	22	and	and	CCONJ
cblr-2961	543	23	called	call	VERB
cblr-2961	543	24	off	off	ADP
cblr-2961	543	25	the	the	DET
cblr-2961	543	26	control	control	NOUN
cblr-2961	543	27	contest	contest	NOUN
cblr-2961	543	28	before	before	SCONJ
cblr-2961	543	29	it	it	PRON
cblr-2961	543	30	started	start	VERB
cblr-2961	543	31	.	.	PUNCT
cblr-2961	544	1	160	160	NUM
cblr-2961	544	2	this	this	DET
cblr-2961	544	3	example	example	NOUN
cblr-2961	544	4	illustrates	illustrate	VERB
cblr-2961	544	5	that	that	SCONJ
cblr-2961	544	6	the	the	DET
cblr-2961	544	7	market	market	NOUN
cblr-2961	544	8	is	be	AUX
cblr-2961	544	9	not	not	PART
cblr-2961	544	10	merely	merely	ADV
cblr-2961	544	11	a	a	DET
cblr-2961	544	12	passive	passive	ADJ
cblr-2961	544	13	"	"	PUNCT
cblr-2961	544	14	rubber	rubber	NOUN
cblr-2961	544	15	stamp	stamp	NOUN
cblr-2961	544	16	,	,	PUNCT
cblr-2961	544	17	"	"	PUNCT
cblr-2961	544	18	unconditionally	unconditionally	ADV
cblr-2961	544	19	endorsing	endorse	VERB
cblr-2961	544	20	hedge	hedge	NOUN
cblr-2961	544	21	fund	fund	NOUN
cblr-2961	544	22	proposals	proposal	NOUN
cblr-2961	544	23	.	.	PUNCT
cblr-2961	545	1	hedge	hedge	NOUN
cblr-2961	545	2	funds	fund	NOUN
cblr-2961	545	3	have	have	VERB
cblr-2961	545	4	to	to	PART
cblr-2961	545	5	proffer	proffer	VERB
cblr-2961	545	6	good	good	ADJ
cblr-2961	545	7	reasons	reason	NOUN
cblr-2961	545	8	to	to	PART
cblr-2961	545	9	persuade	persuade	VERB
cblr-2961	545	10	the	the	DET
cblr-2961	545	11	market	market	NOUN
cblr-2961	545	12	to	to	PART
cblr-2961	545	13	act	act	VERB
cblr-2961	545	14	in	in	ADP
cblr-2961	545	15	concert	concert	NOUN
cblr-2961	545	16	with	with	ADP
cblr-2961	545	17	them	they	PRON
cblr-2961	545	18	.	.	PUNCT
cblr-2961	546	1	on	on	ADP
cblr-2961	546	2	the	the	DET
cblr-2961	546	3	other	other	ADJ
cblr-2961	546	4	hand	hand	NOUN
cblr-2961	546	5	,	,	PUNCT
cblr-2961	546	6	if	if	SCONJ
cblr-2961	546	7	hedge	hedge	NOUN
cblr-2961	546	8	funds	fund	NOUN
cblr-2961	546	9	do	do	AUX
cblr-2961	546	10	provide	provide	VERB
cblr-2961	546	11	proposals	proposal	NOUN
cblr-2961	546	12	beneficial	beneficial	ADJ
cblr-2961	546	13	to	to	ADP
cblr-2961	546	14	the	the	DET
cblr-2961	546	15	company	company	NOUN
cblr-2961	546	16	,	,	PUNCT
cblr-2961	546	17	other	other	ADJ
cblr-2961	546	18	shareholders	shareholder	NOUN
cblr-2961	546	19	,	,	PUNCT
cblr-2961	546	20	even	even	ADV
cblr-2961	546	21	other	other	ADJ
cblr-2961	546	22	hedge	hedge	NOUN
cblr-2961	546	23	funds	fund	NOUN
cblr-2961	546	24	,	,	PUNCT
cblr-2961	546	25	may	may	AUX
cblr-2961	546	26	simply	simply	ADV
cblr-2961	546	27	free	free	VERB
cblr-2961	546	28	ride	ride	NOUN
cblr-2961	546	29	by	by	ADP
cblr-2961	546	30	supporting	support	VERB
cblr-2961	546	31	such	such	ADJ
cblr-2961	546	32	proposals.16	proposals.16	NOUN
cblr-2961	546	33	'	'	PUNCT
cblr-2961	546	34	the	the	DET
cblr-2961	546	35	reputational	reputational	ADJ
cblr-2961	546	36	sanction	sanction	NOUN
cblr-2961	546	37	provides	provide	VERB
cblr-2961	546	38	an	an	DET
cblr-2961	546	39	additional	additional	ADJ
cblr-2961	546	40	deterrent	deterrent	NOUN
cblr-2961	546	41	pressure	pressure	NOUN
cblr-2961	546	42	against	against	ADP
cblr-2961	546	43	value	value	NOUN
cblr-2961	546	44	-	-	PUNCT
cblr-2961	546	45	decreasing	decrease	VERB
cblr-2961	546	46	moves	move	NOUN
cblr-2961	546	47	by	by	ADP
cblr-2961	546	48	hedge	hedge	NOUN
cblr-2961	546	49	funds	fund	NOUN
cblr-2961	546	50	.	.	PUNCT
cblr-2961	547	1	in	in	ADP
cblr-2961	547	2	the	the	DET
cblr-2961	547	3	closely	closely	ADV
cblr-2961	547	4	-	-	PUNCT
cblr-2961	547	5	knit	knit	VERB
cblr-2961	547	6	investment	investment	NOUN
cblr-2961	547	7	industry	industry	NOUN
cblr-2961	547	8	,	,	PUNCT
cblr-2961	547	9	major	major	ADJ
cblr-2961	547	10	institutional	institutional	ADJ
cblr-2961	547	11	investors	investor	NOUN
cblr-2961	547	12	,	,	PUNCT
cblr-2961	547	13	such	such	ADJ
cblr-2961	547	14	as	as	ADP
cblr-2961	547	15	hedge	hedge	NOUN
cblr-2961	547	16	funds	fund	NOUN
cblr-2961	547	17	,	,	PUNCT
cblr-2961	547	18	mutual	mutual	ADJ
cblr-2961	547	19	funds	fund	NOUN
cblr-2961	547	20	,	,	PUNCT
cblr-2961	547	21	and	and	CCONJ
cblr-2961	547	22	pension	pension	NOUN
cblr-2961	547	23	funds	fund	NOUN
cblr-2961	547	24	,	,	PUNCT
cblr-2961	547	25	interact	interact	VERB
cblr-2961	547	26	with	with	ADP
cblr-2961	547	27	one	one	NOUN
cblr-2961	547	28	another	another	DET
cblr-2961	547	29	frequently	frequently	ADV
cblr-2961	547	30	on	on	ADP
cblr-2961	547	31	a	a	DET
cblr-2961	547	32	variety	variety	NOUN
cblr-2961	547	33	of	of	ADP
cblr-2961	547	34	issues	issue	NOUN
cblr-2961	547	35	.	.	PUNCT
cblr-2961	548	1	62	62	NUM
cblr-2961	548	2	fund	fund	NOUN
cblr-2961	548	3	managers	manager	NOUN
cblr-2961	548	4	with	with	ADP
cblr-2961	548	5	a	a	DET
cblr-2961	548	6	good	good	ADJ
cblr-2961	548	7	reputation	reputation	NOUN
cblr-2961	548	8	of	of	ADP
cblr-2961	548	9	"	"	PUNCT
cblr-2961	548	10	playing	play	VERB
cblr-2961	548	11	it	it	PRON
cblr-2961	548	12	straight	straight	ADV
cblr-2961	548	13	"	"	PUNCT
cblr-2961	548	14	will	will	AUX
cblr-2961	548	15	elicit	elicit	VERB
cblr-2961	548	16	cooperation	cooperation	NOUN
cblr-2961	548	17	from	from	ADP
cblr-2961	548	18	other	other	ADJ
cblr-2961	548	19	managers	manager	NOUN
cblr-2961	548	20	while	while	SCONJ
cblr-2961	548	21	managers	manager	NOUN
cblr-2961	548	22	with	with	ADP
cblr-2961	548	23	bad	bad	ADJ
cblr-2961	548	24	reputations	reputation	NOUN
cblr-2961	548	25	will	will	AUX
cblr-2961	548	26	invite	invite	VERB
cblr-2961	548	27	non	non	ADJ
cblr-2961	548	28	-	-	NOUN
cblr-2961	548	29	cooperation	cooperation	NOUN
cblr-2961	548	30	or	or	CCONJ
cblr-2961	548	31	retaliation	retaliation	NOUN
cblr-2961	548	32	in	in	ADP
cblr-2961	548	33	the	the	DET
cblr-2961	548	34	future	future	NOUN
cblr-2961	548	35	.	.	PUNCT
cblr-2961	549	1	'63	'63	PROPN
cblr-2961	549	2	160	160	NUM
cblr-2961	549	3	matthew	matthew	PROPN
cblr-2961	549	4	karnitschnig	karnitschnig	PROPN
cblr-2961	549	5	,	,	PUNCT
cblr-2961	549	6	icahn	icahn	PROPN
cblr-2961	549	7	ends	end	VERB
cblr-2961	549	8	effort	effort	NOUN
cblr-2961	549	9	to	to	PART
cblr-2961	549	10	take	take	VERB
cblr-2961	549	11	control	control	NOUN
cblr-2961	549	12	of	of	ADP
cblr-2961	549	13	time	time	NOUN
cblr-2961	549	14	warner	warner	PROPN
cblr-2961	549	15	:	:	PUNCT
cblr-2961	549	16	activity	activity	NOUN
cblr-2961	549	17	cuts	cut	VERB
cblr-2961	549	18	director	director	NOUN
cblr-2961	549	19	slate	slate	NOUN
cblr-2961	549	20	after	after	ADP
cblr-2961	549	21	faining	faine	VERB
cblr-2961	549	22	little	little	ADJ
cblr-2961	549	23	support	support	NOUN
cblr-2961	549	24	;	;	PUNCT
cblr-2961	549	25	settlement	settlement	NOUN
cblr-2961	549	26	talks	talk	NOUN
cblr-2961	549	27	under	under	ADP
cblr-2961	549	28	way	way	NOUN
cblr-2961	549	29	,	,	PUNCT
cblr-2961	549	30	wall	wall	PROPN
cblr-2961	549	31	st	st	PROPN
cblr-2961	549	32	.	.	PROPN
cblr-2961	549	33	j.	j.	PROPN
cblr-2961	549	34	,	,	PUNCT
cblr-2961	549	35	feb	feb	PROPN
cblr-2961	549	36	.	.	PROPN
cblr-2961	549	37	17	17	NUM
cblr-2961	549	38	,	,	PUNCT
cblr-2961	549	39	2006	2006	NUM
cblr-2961	549	40	,	,	PUNCT
cblr-2961	549	41	at	at	ADP
cblr-2961	549	42	al	al	PROPN
cblr-2961	549	43	.	.	PROPN
cblr-2961	549	44	161	161	NUM
cblr-2961	549	45	julia	julia	PROPN
cblr-2961	549	46	angwin	angwin	PROPN
cblr-2961	549	47	,	,	PUNCT
cblr-2961	549	48	icahn	icahn	PROPN
cblr-2961	549	49	issues	issues	PROPN
cblr-2961	549	50	time	time	PROPN
cblr-2961	549	51	warner	warner	PROPN
cblr-2961	549	52	challenge	challenge	PROPN
cblr-2961	549	53	:	:	PUNCT
cblr-2961	549	54	financier	financier	NOUN
cblr-2961	549	55	confirms	confirm	VERB
cblr-2961	549	56	alliance	alliance	NOUN
cblr-2961	549	57	with	with	ADP
cblr-2961	549	58	other	other	ADJ
cblr-2961	549	59	investors	investor	NOUN
cblr-2961	549	60	to	to	PART
cblr-2961	549	61	seek	seek	VERB
cblr-2961	549	62	changes	change	NOUN
cblr-2961	549	63	at	at	ADP
cblr-2961	549	64	media	medium	NOUN
cblr-2961	549	65	company	company	NOUN
cblr-2961	549	66	,	,	PUNCT
cblr-2961	549	67	wall	wall	PROPN
cblr-2961	549	68	st	st	PROPN
cblr-2961	549	69	.	.	PROPN
cblr-2961	549	70	j.	j.	PROPN
cblr-2961	549	71	,	,	PUNCT
cblr-2961	549	72	aug	aug	PROPN
cblr-2961	549	73	.	.	PROPN
cblr-2961	549	74	16	16	NUM
cblr-2961	549	75	,	,	PUNCT
cblr-2961	549	76	2005	2005	NUM
cblr-2961	549	77	,	,	PUNCT
cblr-2961	549	78	at	at	ADP
cblr-2961	549	79	a3	a3	NOUN
cblr-2961	549	80	(	(	PUNCT
cblr-2961	549	81	reporting	report	VERB
cblr-2961	549	82	that	that	SCONJ
cblr-2961	549	83	jana	jana	PROPN
cblr-2961	549	84	partners	partners	PROPN
cblr-2961	549	85	,	,	PUNCT
cblr-2961	549	86	a	a	DET
cblr-2961	549	87	hedge	hedge	NOUN
cblr-2961	549	88	fund	fund	NOUN
cblr-2961	549	89	activist	activist	NOUN
cblr-2961	549	90	that	that	PRON
cblr-2961	549	91	manages	manage	VERB
cblr-2961	549	92	$	$	SYM
cblr-2961	549	93	4	4	NUM
cblr-2961	549	94	billion	billion	NUM
cblr-2961	549	95	,	,	PUNCT
cblr-2961	549	96	joined	join	VERB
cblr-2961	549	97	hedge	hedge	NOUN
cblr-2961	549	98	funds	fund	NOUN
cblr-2961	549	99	led	lead	VERB
cblr-2961	549	100	by	by	ADP
cblr-2961	549	101	carl	carl	PROPN
cblr-2961	549	102	icahn	icahn	PROPN
cblr-2961	549	103	in	in	ADP
cblr-2961	549	104	numerous	numerous	ADJ
cblr-2961	549	105	activist	activist	ADJ
cblr-2961	549	106	campaigns	campaign	NOUN
cblr-2961	549	107	,	,	PUNCT
cblr-2961	549	108	including	include	VERB
cblr-2961	549	109	a	a	DET
cblr-2961	549	110	successful	successful	ADJ
cblr-2961	549	111	effort	effort	NOUN
cblr-2961	549	112	to	to	PART
cblr-2961	549	113	persuade	persuade	VERB
cblr-2961	549	114	kerr	kerr	PROPN
cblr-2961	549	115	-	-	PUNCT
cblr-2961	549	116	mcgee	mcgee	PROPN
cblr-2961	549	117	corp	corp	PROPN
cblr-2961	549	118	.	.	PROPN
cblr-2961	549	119	to	to	PART
cblr-2961	549	120	shed	shed	VERB
cblr-2961	549	121	some	some	DET
cblr-2961	549	122	assets	asset	NOUN
cblr-2961	549	123	and	and	CCONJ
cblr-2961	549	124	to	to	PART
cblr-2961	549	125	do	do	VERB
cblr-2961	549	126	a	a	DET
cblr-2961	549	127	larger	large	ADJ
cblr-2961	549	128	stock	stock	NOUN
cblr-2961	549	129	buyback	buyback	NOUN
cblr-2961	549	130	than	than	SCONJ
cblr-2961	549	131	originally	originally	ADV
cblr-2961	549	132	planned	plan	VERB
cblr-2961	549	133	)	)	PUNCT
cblr-2961	549	134	.	.	PUNCT
cblr-2961	550	1	162	162	NUM
cblr-2961	550	2	black	black	ADJ
cblr-2961	550	3	,	,	PUNCT
cblr-2961	550	4	supra	supra	PROPN
cblr-2961	550	5	note	note	PROPN
cblr-2961	550	6	157	157	NUM
cblr-2961	550	7	,	,	PUNCT
cblr-2961	550	8	at	at	ADP
cblr-2961	550	9	857	857	NUM
cblr-2961	550	10	(	(	PUNCT
cblr-2961	550	11	arguing	argue	VERB
cblr-2961	550	12	that	that	SCONJ
cblr-2961	550	13	institutional	institutional	ADJ
cblr-2961	550	14	investors	investor	NOUN
cblr-2961	550	15	have	have	VERB
cblr-2961	550	16	to	to	PART
cblr-2961	550	17	join	join	VERB
cblr-2961	550	18	forces	force	NOUN
cblr-2961	550	19	to	to	PART
cblr-2961	550	20	influence	influence	VERB
cblr-2961	550	21	the	the	DET
cblr-2961	550	22	corporate	corporate	ADJ
cblr-2961	550	23	managers	manager	NOUN
cblr-2961	550	24	,	,	PUNCT
cblr-2961	550	25	and	and	CCONJ
cblr-2961	550	26	therefore	therefore	ADV
cblr-2961	550	27	they	they	PRON
cblr-2961	550	28	have	have	VERB
cblr-2961	550	29	to	to	PART
cblr-2961	550	30	interact	interact	VERB
cblr-2961	550	31	constantly	constantly	ADV
cblr-2961	550	32	over	over	ADP
cblr-2961	550	33	various	various	ADJ
cblr-2961	550	34	issues	issue	NOUN
cblr-2961	550	35	)	)	PUNCT
cblr-2961	550	36	.	.	PUNCT
cblr-2961	551	1	it	it	PRON
cblr-2961	551	2	is	be	AUX
cblr-2961	551	3	worth	worth	ADJ
cblr-2961	551	4	noting	note	VERB
cblr-2961	551	5	that	that	SCONJ
cblr-2961	551	6	professor	professor	NOUN
cblr-2961	551	7	black	black	NOUN
cblr-2961	551	8	,	,	PUNCT
cblr-2961	551	9	in	in	ADP
cblr-2961	551	10	his	his	PRON
cblr-2961	551	11	more	more	ADV
cblr-2961	551	12	recent	recent	ADJ
cblr-2961	551	13	work	work	NOUN
cblr-2961	551	14	,	,	PUNCT
cblr-2961	551	15	was	be	AUX
cblr-2961	551	16	less	less	ADV
cblr-2961	551	17	optimistic	optimistic	ADJ
cblr-2961	551	18	about	about	ADP
cblr-2961	551	19	institutional	institutional	ADJ
cblr-2961	551	20	investor	investor	NOUN
cblr-2961	551	21	activism	activism	NOUN
cblr-2961	551	22	.	.	PUNCT
cblr-2961	552	1	bernard	bernard	PROPN
cblr-2961	552	2	black	black	PROPN
cblr-2961	552	3	,	,	PUNCT
cblr-2961	552	4	shareholder	shareholder	NOUN
cblr-2961	552	5	activism	activism	NOUN
cblr-2961	552	6	and	and	CCONJ
cblr-2961	552	7	corporate	corporate	ADJ
cblr-2961	552	8	governance	governance	NOUN
cblr-2961	552	9	in	in	ADP
cblr-2961	552	10	the	the	DET
cblr-2961	552	11	united	united	PROPN
cblr-2961	552	12	states	states	PROPN
cblr-2961	552	13	,	,	PUNCT
cblr-2961	552	14	in	in	ADP
cblr-2961	552	15	3	3	NUM
cblr-2961	552	16	the	the	DET
cblr-2961	552	17	new	new	ADJ
cblr-2961	552	18	palgrave	palgrave	ADJ
cblr-2961	552	19	dictionary	dictionary	NOUN
cblr-2961	552	20	of	of	ADP
cblr-2961	552	21	economics	economic	NOUN
cblr-2961	552	22	and	and	CCONJ
cblr-2961	552	23	the	the	DET
cblr-2961	552	24	law	law	NOUN
cblr-2961	552	25	459	459	NUM
cblr-2961	552	26	(	(	PUNCT
cblr-2961	552	27	peter	peter	PROPN
cblr-2961	552	28	newman	newman	PROPN
cblr-2961	552	29	ed	ed	PROPN
cblr-2961	552	30	.	.	PROPN
cblr-2961	552	31	,	,	PUNCT
cblr-2961	552	32	1998	1998	NUM
cblr-2961	552	33	)	)	PUNCT
cblr-2961	552	34	.	.	PUNCT
cblr-2961	553	1	but	but	CCONJ
cblr-2961	553	2	he	he	PRON
cblr-2961	553	3	did	do	AUX
cblr-2961	553	4	not	not	PART
cblr-2961	553	5	consider	consider	VERB
cblr-2961	553	6	hedge	hedge	NOUN
cblr-2961	553	7	fund	fund	NOUN
cblr-2961	553	8	activism	activism	NOUN
cblr-2961	553	9	in	in	ADP
cblr-2961	553	10	his	his	PRON
cblr-2961	553	11	evaluation	evaluation	NOUN
cblr-2961	553	12	of	of	ADP
cblr-2961	553	13	the	the	DET
cblr-2961	553	14	effect	effect	NOUN
cblr-2961	553	15	of	of	ADP
cblr-2961	553	16	institutional	institutional	ADJ
cblr-2961	553	17	investor	investor	NOUN
cblr-2961	553	18	activism	activism	NOUN
cblr-2961	553	19	.	.	PUNCT
cblr-2961	554	1	"	"	PUNCT
cblr-2961	554	2	black	black	ADJ
cblr-2961	554	3	,	,	PUNCT
cblr-2961	554	4	supra	supra	PROPN
cblr-2961	554	5	note	note	PROPN
cblr-2961	554	6	157	157	NUM
cblr-2961	554	7	,	,	PUNCT
cblr-2961	554	8	at	at	ADP
cblr-2961	554	9	857	857	NUM
cblr-2961	554	10	(	(	PUNCT
cblr-2961	554	11	suggesting	suggest	VERB
cblr-2961	554	12	that	that	DET
cblr-2961	554	13	reputation	reputation	NOUN
cblr-2961	554	14	is	be	AUX
cblr-2961	554	15	important	important	ADJ
cblr-2961	554	16	because	because	SCONJ
cblr-2961	554	17	"	"	PUNCT
cblr-2961	554	18	[	[	X
cblr-2961	554	19	iun	iun	PROPN
cblr-2961	554	20	the	the	DET
cblr-2961	554	21	language	language	NOUN
cblr-2961	554	22	of	of	ADP
cblr-2961	554	23	game	game	NOUN
cblr-2961	554	24	theory	theory	NOUN
cblr-2961	554	25	,	,	PUNCT
cblr-2961	554	26	shareholder	shareholder	NOUN
cblr-2961	554	27	voting	voting	NOUN
cblr-2961	554	28	is	be	AUX
cblr-2961	554	29	a	a	DET
cblr-2961	554	30	repeated	repeat	VERB
cblr-2961	554	31	game	game	NOUN
cblr-2961	554	32	without	without	ADP
cblr-2961	554	33	a	a	DET
cblr-2961	554	34	final	final	ADJ
cblr-2961	554	35	period	period	NOUN
cblr-2961	554	36	,	,	PUNCT
cblr-2961	554	37	in	in	ADP
cblr-2961	554	38	which	which	PRON
cblr-2961	554	39	players	player	NOUN
cblr-2961	554	40	can	can	AUX
cblr-2961	554	41	retaliate	retaliate	VERB
cblr-2961	554	42	"	"	PUNCT
cblr-2961	554	43	)	)	PUNCT
cblr-2961	554	44	.	.	PUNCT
cblr-2961	555	1	no	no	INTJ
cblr-2961	555	2	.	.	PUNCT
cblr-2961	556	1	2:724	2:724	X
cblr-2961	556	2	]	]	PUNCT
cblr-2961	556	3	accordingly	accordingly	ADV
cblr-2961	556	4	,	,	PUNCT
cblr-2961	556	5	if	if	SCONJ
cblr-2961	556	6	a	a	DET
cblr-2961	556	7	hedge	hedge	NOUN
cblr-2961	556	8	fund	fund	NOUN
cblr-2961	556	9	manager	manager	NOUN
cblr-2961	556	10	initiates	initiate	VERB
cblr-2961	556	11	a	a	DET
cblr-2961	556	12	proposal	proposal	NOUN
cblr-2961	556	13	which	which	PRON
cblr-2961	556	14	benefits	benefit	VERB
cblr-2961	556	15	itself	itself	PRON
cblr-2961	556	16	at	at	ADP
cblr-2961	556	17	the	the	DET
cblr-2961	556	18	cost	cost	NOUN
cblr-2961	556	19	of	of	ADP
cblr-2961	556	20	other	other	ADJ
cblr-2961	556	21	shareholders	shareholder	NOUN
cblr-2961	556	22	and	and	CCONJ
cblr-2961	556	23	prevails	prevail	VERB
cblr-2961	556	24	over	over	ADP
cblr-2961	556	25	the	the	DET
cblr-2961	556	26	incumbent	incumbent	ADJ
cblr-2961	556	27	management	management	NOUN
cblr-2961	556	28	and	and	CCONJ
cblr-2961	556	29	other	other	ADJ
cblr-2961	556	30	institutional	institutional	ADJ
cblr-2961	556	31	investors	investor	NOUN
cblr-2961	556	32	,	,	PUNCT
cblr-2961	556	33	that	that	DET
cblr-2961	556	34	hedge	hedge	NOUN
cblr-2961	556	35	fund	fund	NOUN
cblr-2961	556	36	manager	manager	NOUN
cblr-2961	556	37	runs	run	VERB
cblr-2961	556	38	a	a	DET
cblr-2961	556	39	risk	risk	NOUN
cblr-2961	556	40	of	of	ADP
cblr-2961	556	41	retaliation	retaliation	NOUN
cblr-2961	556	42	from	from	ADP
cblr-2961	556	43	other	other	ADJ
cblr-2961	556	44	institutional	institutional	ADJ
cblr-2961	556	45	investors	investor	NOUN
cblr-2961	556	46	in	in	ADP
cblr-2961	556	47	future	future	ADJ
cblr-2961	556	48	battles	battle	NOUN
cblr-2961	556	49	.	.	PUNCT
cblr-2961	557	1	the	the	DET
cblr-2961	557	2	fear	fear	NOUN
cblr-2961	557	3	of	of	ADP
cblr-2961	557	4	establishing	establish	VERB
cblr-2961	557	5	a	a	DET
cblr-2961	557	6	bad	bad	ADJ
cblr-2961	557	7	reputation	reputation	NOUN
cblr-2961	557	8	may	may	AUX
cblr-2961	557	9	thus	thus	ADV
cblr-2961	557	10	deter	deter	VERB
cblr-2961	557	11	hedge	hedge	NOUN
cblr-2961	557	12	fund	fund	NOUN
cblr-2961	557	13	managers	manager	NOUN
cblr-2961	557	14	ex	ex	PROPN
cblr-2961	557	15	ante	ante	NOUN
cblr-2961	557	16	from	from	ADP
cblr-2961	557	17	launching	launch	VERB
cblr-2961	557	18	a	a	DET
cblr-2961	557	19	valuedecreasing	valuedecreasing	NOUN
cblr-2961	557	20	attack	attack	NOUN
cblr-2961	557	21	.	.	PUNCT
cblr-2961	558	1	on	on	ADP
cblr-2961	558	2	the	the	DET
cblr-2961	558	3	other	other	ADJ
cblr-2961	558	4	hand	hand	NOUN
cblr-2961	558	5	,	,	PUNCT
cblr-2961	558	6	if	if	SCONJ
cblr-2961	558	7	a	a	DET
cblr-2961	558	8	hedge	hedge	NOUN
cblr-2961	558	9	fund	fund	NOUN
cblr-2961	558	10	builds	build	VERB
cblr-2961	558	11	a	a	DET
cblr-2961	558	12	good	good	ADJ
cblr-2961	558	13	reputation	reputation	NOUN
cblr-2961	558	14	by	by	ADP
cblr-2961	558	15	being	be	AUX
cblr-2961	558	16	a	a	DET
cblr-2961	558	17	value	value	NOUN
cblr-2961	558	18	-	-	PUNCT
cblr-2961	558	19	maximizing	maximize	VERB
cblr-2961	558	20	activist	activist	NOUN
cblr-2961	558	21	,	,	PUNCT
cblr-2961	558	22	other	other	ADJ
cblr-2961	558	23	investors	investor	NOUN
cblr-2961	558	24	will	will	AUX
cblr-2961	558	25	reward	reward	VERB
cblr-2961	558	26	it	it	PRON
cblr-2961	558	27	by	by	ADP
cblr-2961	558	28	providing	provide	VERB
cblr-2961	558	29	support	support	NOUN
cblr-2961	558	30	in	in	ADP
cblr-2961	558	31	future	future	ADJ
cblr-2961	558	32	battles	battle	NOUN
cblr-2961	558	33	.	.	PUNCT
cblr-2961	559	1	v.	v.	ADP
cblr-2961	559	2	conclusion	conclusion	NOUN
cblr-2961	559	3	this	this	DET
cblr-2961	559	4	note	note	NOUN
cblr-2961	559	5	suggests	suggest	VERB
cblr-2961	559	6	that	that	SCONJ
cblr-2961	559	7	the	the	DET
cblr-2961	559	8	market	market	NOUN
cblr-2961	559	9	as	as	ADP
cblr-2961	559	10	a	a	DET
cblr-2961	559	11	whole	whole	NOUN
cblr-2961	559	12	is	be	AUX
cblr-2961	559	13	likely	likely	ADJ
cblr-2961	559	14	to	to	PART
cblr-2961	559	15	benefit	benefit	VERB
cblr-2961	559	16	from	from	ADP
cblr-2961	559	17	hedge	hedge	NOUN
cblr-2961	559	18	fund	fund	NOUN
cblr-2961	559	19	activism	activism	NOUN
cblr-2961	559	20	.	.	PUNCT
cblr-2961	560	1	with	with	ADP
cblr-2961	560	2	less	less	ADV
cblr-2961	560	3	serious	serious	ADJ
cblr-2961	560	4	free	free	ADJ
cblr-2961	560	5	riding	riding	NOUN
cblr-2961	560	6	problems	problem	NOUN
cblr-2961	560	7	and	and	CCONJ
cblr-2961	560	8	fewer	few	ADJ
cblr-2961	560	9	legal	legal	ADJ
cblr-2961	560	10	restraints	restraint	NOUN
cblr-2961	560	11	,	,	PUNCT
cblr-2961	560	12	hedge	hedge	NOUN
cblr-2961	560	13	funds	fund	NOUN
cblr-2961	560	14	are	be	AUX
cblr-2961	560	15	in	in	ADP
cblr-2961	560	16	a	a	DET
cblr-2961	560	17	unique	unique	ADJ
cblr-2961	560	18	position	position	NOUN
cblr-2961	560	19	to	to	PART
cblr-2961	560	20	pursue	pursue	VERB
cblr-2961	560	21	value	value	NOUN
cblr-2961	560	22	-	-	PUNCT
cblr-2961	560	23	increasing	increase	VERB
cblr-2961	560	24	proposals	proposal	NOUN
cblr-2961	560	25	and	and	CCONJ
cblr-2961	560	26	confront	confront	VERB
cblr-2961	560	27	self	self	NOUN
cblr-2961	560	28	-	-	PUNCT
cblr-2961	560	29	interested	interested	ADJ
cblr-2961	560	30	or	or	CCONJ
cblr-2961	560	31	under	under	ADV
cblr-2961	560	32	-	-	PUNCT
cblr-2961	560	33	performing	perform	VERB
cblr-2961	560	34	management	management	NOUN
cblr-2961	560	35	.	.	PUNCT
cblr-2961	561	1	hedge	hedge	NOUN
cblr-2961	561	2	fund	fund	NOUN
cblr-2961	561	3	activists	activist	NOUN
cblr-2961	561	4	can	can	AUX
cblr-2961	561	5	be	be	AUX
cblr-2961	561	6	effective	effective	ADJ
cblr-2961	561	7	watchers	watcher	NOUN
cblr-2961	561	8	in	in	ADP
cblr-2961	561	9	the	the	DET
cblr-2961	561	10	market	market	NOUN
cblr-2961	561	11	,	,	PUNCT
cblr-2961	561	12	deterring	deter	VERB
cblr-2961	561	13	corporate	corporate	ADJ
cblr-2961	561	14	management	management	NOUN
cblr-2961	561	15	from	from	ADP
cblr-2961	561	16	undertaking	undertake	VERB
cblr-2961	561	17	a	a	DET
cblr-2961	561	18	harmful	harmful	ADJ
cblr-2961	561	19	course	course	NOUN
cblr-2961	561	20	of	of	ADP
cblr-2961	561	21	action	action	NOUN
cblr-2961	561	22	and	and	CCONJ
cblr-2961	561	23	instead	instead	ADV
cblr-2961	561	24	encouraging	encourage	VERB
cblr-2961	561	25	value	value	NOUN
cblr-2961	561	26	-	-	PUNCT
cblr-2961	561	27	enhancing	enhance	VERB
cblr-2961	561	28	behaviors	behavior	NOUN
cblr-2961	561	29	.	.	PUNCT
cblr-2961	562	1	if	if	SCONJ
cblr-2961	562	2	the	the	DET
cblr-2961	562	3	management	management	NOUN
cblr-2961	562	4	does	do	AUX
cblr-2961	562	5	proceed	proceed	VERB
cblr-2961	562	6	with	with	ADP
cblr-2961	562	7	proposals	proposal	NOUN
cblr-2961	562	8	that	that	PRON
cblr-2961	562	9	are	be	AUX
cblr-2961	562	10	deemed	deem	VERB
cblr-2961	562	11	harmful	harmful	ADJ
cblr-2961	562	12	to	to	ADP
cblr-2961	562	13	the	the	DET
cblr-2961	562	14	company	company	NOUN
cblr-2961	562	15	,	,	PUNCT
cblr-2961	562	16	hedge	hedge	NOUN
cblr-2961	562	17	fund	fund	NOUN
cblr-2961	562	18	activists	activist	NOUN
cblr-2961	562	19	can	can	AUX
cblr-2961	562	20	obtain	obtain	VERB
cblr-2961	562	21	the	the	DET
cblr-2961	562	22	support	support	NOUN
cblr-2961	562	23	of	of	ADP
cblr-2961	562	24	other	other	ADJ
cblr-2961	562	25	shareholders	shareholder	NOUN
cblr-2961	562	26	to	to	PART
cblr-2961	562	27	defeat	defeat	VERB
cblr-2961	562	28	the	the	DET
cblr-2961	562	29	managers	manager	NOUN
cblr-2961	562	30	and	and	CCONJ
cblr-2961	562	31	take	take	VERB
cblr-2961	562	32	their	their	PRON
cblr-2961	562	33	profit	profit	NOUN
cblr-2961	562	34	after	after	SCONJ
cblr-2961	562	35	the	the	DET
cblr-2961	562	36	stock	stock	NOUN
cblr-2961	562	37	price	price	NOUN
cblr-2961	562	38	bounces	bounce	VERB
cblr-2961	562	39	back	back	ADV
cblr-2961	562	40	to	to	PART
cblr-2961	562	41	reflect	reflect	VERB
cblr-2961	562	42	a	a	DET
cblr-2961	562	43	successful	successful	ADJ
cblr-2961	562	44	correction	correction	NOUN
cblr-2961	562	45	.	.	PUNCT
cblr-2961	563	1	while	while	SCONJ
cblr-2961	563	2	some	some	PRON
cblr-2961	563	3	worry	worry	VERB
cblr-2961	563	4	that	that	SCONJ
cblr-2961	563	5	hedge	hedge	NOUN
cblr-2961	563	6	fund	fund	NOUN
cblr-2961	563	7	activists	activist	NOUN
cblr-2961	563	8	are	be	AUX
cblr-2961	563	9	shortterm	shortterm	NOUN
cblr-2961	563	10	investors	investor	NOUN
cblr-2961	563	11	and	and	CCONJ
cblr-2961	563	12	thus	thus	ADV
cblr-2961	563	13	pose	pose	VERB
cblr-2961	563	14	risk	risk	NOUN
cblr-2961	563	15	to	to	ADP
cblr-2961	563	16	the	the	DET
cblr-2961	563	17	market	market	NOUN
cblr-2961	563	18	,	,	PUNCT
cblr-2961	563	19	these	these	DET
cblr-2961	563	20	concerns	concern	NOUN
cblr-2961	563	21	are	be	AUX
cblr-2961	563	22	misguided	misguided	ADJ
cblr-2961	563	23	and	and	CCONJ
cblr-2961	563	24	overstated	overstate	VERB
cblr-2961	563	25	.	.	PUNCT
cblr-2961	564	1	first	first	ADV
cblr-2961	564	2	,	,	PUNCT
cblr-2961	564	3	empirical	empirical	ADJ
cblr-2961	564	4	evidence	evidence	NOUN
cblr-2961	564	5	has	have	AUX
cblr-2961	564	6	shown	show	VERB
cblr-2961	564	7	that	that	PRON
cblr-2961	564	8	hedge	hedge	NOUN
cblr-2961	564	9	fund	fund	NOUN
cblr-2961	564	10	activists	activist	NOUN
cblr-2961	564	11	typically	typically	ADV
cblr-2961	564	12	commit	commit	VERB
cblr-2961	564	13	themselves	themselves	PRON
cblr-2961	564	14	to	to	ADP
cblr-2961	564	15	the	the	DET
cblr-2961	564	16	target	target	NOUN
cblr-2961	564	17	company	company	NOUN
cblr-2961	564	18	for	for	ADP
cblr-2961	564	19	an	an	DET
cblr-2961	564	20	intermediate	intermediate	ADJ
cblr-2961	564	21	term	term	NOUN
cblr-2961	564	22	of	of	ADP
cblr-2961	564	23	at	at	ADV
cblr-2961	564	24	least	least	ADV
cblr-2961	564	25	two	two	NUM
cblr-2961	564	26	years	year	NOUN
cblr-2961	564	27	.	.	PUNCT
cblr-2961	565	1	second	second	ADJ
cblr-2961	565	2	,	,	PUNCT
cblr-2961	565	3	hedge	hedge	NOUN
cblr-2961	565	4	funds	fund	NOUN
cblr-2961	565	5	may	may	AUX
cblr-2961	565	6	actually	actually	ADV
cblr-2961	565	7	be	be	AUX
cblr-2961	565	8	less	less	ADV
cblr-2961	565	9	short	short	ADJ
cblr-2961	565	10	-	-	PUNCT
cblr-2961	565	11	sighted	sighted	ADJ
cblr-2961	565	12	than	than	ADP
cblr-2961	565	13	management	management	NOUN
cblr-2961	565	14	.	.	PUNCT
cblr-2961	566	1	the	the	DET
cblr-2961	566	2	evidence	evidence	NOUN
cblr-2961	566	3	has	have	AUX
cblr-2961	566	4	also	also	ADV
cblr-2961	566	5	shown	show	VERB
cblr-2961	566	6	that	that	SCONJ
cblr-2961	566	7	indicators	indicator	NOUN
cblr-2961	566	8	for	for	ADP
cblr-2961	566	9	long	long	ADJ
cblr-2961	566	10	-	-	PUNCT
cblr-2961	566	11	term	term	NOUN
cblr-2961	566	12	investment	investment	NOUN
cblr-2961	566	13	,	,	PUNCT
cblr-2961	566	14	such	such	ADJ
cblr-2961	566	15	as	as	ADP
cblr-2961	566	16	r	r	NOUN
cblr-2961	566	17	&	&	CCONJ
cblr-2961	566	18	d	d	NOUN
cblr-2961	566	19	expenses	expense	NOUN
cblr-2961	566	20	,	,	PUNCT
cblr-2961	566	21	do	do	AUX
cblr-2961	566	22	not	not	PART
cblr-2961	566	23	drastically	drastically	ADV
cblr-2961	566	24	decline	decline	VERB
cblr-2961	566	25	in	in	ADP
cblr-2961	566	26	the	the	DET
cblr-2961	566	27	target	target	NOUN
cblr-2961	566	28	companies	company	NOUN
cblr-2961	566	29	and	and	CCONJ
cblr-2961	566	30	that	that	SCONJ
cblr-2961	566	31	activism	activism	NOUN
cblr-2961	566	32	is	be	AUX
cblr-2961	566	33	valueincreasing	valueincrease	VERB
cblr-2961	566	34	overall	overall	ADV
cblr-2961	566	35	.	.	PUNCT
cblr-2961	567	1	third	third	ADJ
cblr-2961	567	2	,	,	PUNCT
cblr-2961	567	3	market	market	NOUN
cblr-2961	567	4	mechanisms	mechanism	NOUN
cblr-2961	567	5	deter	deter	VERB
cblr-2961	567	6	valuedecreasing	valuedecreasing	NOUN
cblr-2961	567	7	hedge	hedge	NOUN
cblr-2961	567	8	fund	fund	PROPN
cblr-2961	567	9	activism	activism	NOUN
cblr-2961	567	10	.	.	PUNCT
cblr-2961	568	1	shareholders	shareholder	NOUN
cblr-2961	568	2	can	can	AUX
cblr-2961	568	3	coluami	coluami	VERB
cblr-2961	568	4	b	b	X
cblr-2961	568	5	usiness	usiness	NOUN
cblr-2961	568	6	la	la	PROPN
cblr-2961	568	7	w	w	PROPN
cblr-2961	568	8	re	re	PROPN
cblr-2961	568	9	vie	vie	PROPN
cblr-2961	568	10	w	w	PROPN
cblr-2961	569	1	[	[	X
cblr-2961	569	2	vol	vol	NOUN
cblr-2961	569	3	.	.	NOUN
cblr-2961	569	4	2008	2008	NUM
cblr-2961	569	5	no	no	NOUN
cblr-2961	569	6	.	.	PUNCT
cblr-2961	570	1	2:724	2:724	NUM
cblr-2961	570	2	]	]	X
cblr-2961	570	3	hedge	hedge	NOUN
cblr-2961	570	4	fund	fund	NOUN
cblr-2961	570	5	activism	activism	NOUN
cblr-2961	570	6	759	759	NUM
cblr-2961	570	7	counteract	counteract	VERB
cblr-2961	570	8	such	such	ADJ
cblr-2961	570	9	proposals	proposal	NOUN
cblr-2961	570	10	by	by	ADP
cblr-2961	570	11	supporting	support	VERB
cblr-2961	570	12	the	the	DET
cblr-2961	570	13	management	management	NOUN
cblr-2961	570	14	in	in	ADP
cblr-2961	570	15	proxy	proxy	ADJ
cblr-2961	570	16	fights	fight	NOUN
cblr-2961	570	17	.	.	PUNCT
cblr-2961	571	1	the	the	DET
cblr-2961	571	2	threat	threat	NOUN
cblr-2961	571	3	of	of	ADP
cblr-2961	571	4	reputational	reputational	ADJ
cblr-2961	571	5	sanction	sanction	NOUN
cblr-2961	571	6	also	also	ADV
cblr-2961	571	7	prevents	prevent	VERB
cblr-2961	571	8	a	a	DET
cblr-2961	571	9	hedge	hedge	NOUN
cblr-2961	571	10	fund	fund	NOUN
cblr-2961	571	11	activist	activist	NOUN
cblr-2961	571	12	from	from	ADP
cblr-2961	571	13	making	make	VERB
cblr-2961	571	14	such	such	ADJ
cblr-2961	571	15	proposals	proposal	NOUN
cblr-2961	571	16	in	in	ADP
cblr-2961	571	17	the	the	DET
cblr-2961	571	18	first	first	ADJ
cblr-2961	571	19	place	place	NOUN
cblr-2961	571	20	.	.	PUNCT
cblr-2961	572	1	this	this	DET
cblr-2961	572	2	note	note	NOUN
cblr-2961	572	3	ultimately	ultimately	ADV
cblr-2961	572	4	concludes	conclude	VERB
cblr-2961	572	5	that	that	SCONJ
cblr-2961	572	6	hedge	hedge	NOUN
cblr-2961	572	7	fund	fund	NOUN
cblr-2961	572	8	activism	activism	NOUN
cblr-2961	572	9	will	will	AUX
cblr-2961	572	10	likely	likely	ADV
cblr-2961	572	11	generate	generate	VERB
cblr-2961	572	12	positive	positive	ADJ
cblr-2961	572	13	effects	effect	NOUN
cblr-2961	572	14	on	on	ADP
cblr-2961	572	15	the	the	DET
cblr-2961	572	16	market	market	NOUN
cblr-2961	572	17	.	.	PUNCT