Feb
02
Activist Investors May Have Met Their Match: A Down Market
ByThe stock market slump has hit activist hedge funds particularly hard, raising the question of whether shareholder activism can survive a down market.
Activist hedge funds specialize in taking aim at troubled companies. The core idea is for the fund to push for a new strategy that will turn the company around or, more commonly, to instigate some event that crystallizes value, like a spinoff or a sale. In the rising stock market of the last five years, this was a wonderful strategy…
Activist Investors May Have Met Their Match: A Down Market
