Your new post is loading...
A subset of so-called hedge funds, henceforth known as “activists”, has latched on the idea that many corporations are not managed or governed in a manner likely to maximize value for shareholders. With the capital they have obtained from pension funds and other institutional investors, they take a small position in the equity of publicly traded companies which, in the view of these “activists”, have not taken all appropriate measures to raise the price of their shares.
