As well-known activist investor Gregg Hymowitz, managing partner Entrust, raised $600 million in 2013 to allocate towards activist investors, the activist trend is moving across the Atlantic Ocean – and staid European companies are growing concerned. Last week one of the more aggressive US activist hedge funds, Elliot Associates, made it public they were building a stake in UK grocer Wm Morrison, pushing for a shake-up in its property portfolio. (It was also revealed today that Elliot Management is also making an aggressive move towards Juniper Networks.) About one month ago, US hedge fund Sandell Asset Management entered the fray…
Activist Investing Trend Has EU Worried
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.