‘Activist’ Label Probably Getting Overused A Bit
Activist investing may start suffering from its own success. Pushed into the mainstream by outsized returns (and skepticism of management coming out of the financial crisis), now that more investors want to allocate money to activist funds it’s inevitable that funds will use the name whether it fits or not. Like shadow index funds that track the market while pretending to select stocks, investors will have to decide which funds really have the ability to influence a company’s trajectory.
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