Activist hedge funds dial it back in first half of 2016: Reuters
Activist hedge funds were choosier in throwing their weight around corporate boardrooms during the first half of the year as they managed a smaller cash pile and struggled to beat benchmark returns, Reuters reported. Activist investors, including billionaires like Pershing Square Capital Management's William Ackman and Trian Fund Management's Nelson Peltz, mounted 75 activist campaigns, a 7 percent drop from the first half of 2015 when they mounted 81, according to new data to be released by London-based research group Activist Insight. This year's figure is the lowest since the first half of 2013.
7 July 2016•2 mins read
