This activist fund is targeting Canaccord Genuity, Dell and CACI [Exclusive]Michelle Jones
Engine Capital was up 14.84% net for the first quarter, compared to the Russell 2000's return of 12.72% and the HFRI Activist Index's 7.7% return for the quarter. Engine Capital is a value-oriented activist hedge fund that invests in companies going through special situations or significant changes.
In their first-quarter letter to investors, which was reviewed by ValueWalk, Arnaud Ajdler and Brad Favreau said although they believe the market is elevated in general, they also feel it is very polarized and that trading in some parts has gotten irrational.
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