New research paper shows the benefits of activism
24/02/2010
If you’re still in doubt whether activist investors like Carl Icahn and William Ackman actually improve the lot of investors in their funds, and enhance shareholder value in the companies they target, take a look at the recent research issued by three students at Columbia and Duke University.
Comparisons on the role of activism by pension and mutual funds versus hedge funds have been around for many years; a slightly unfair comparison considering the regulatory hindrances on mutual/pension funds.
Nonetheless, activist hedge funds have been found to outperform the overall market and other types
