Activist Hedge Funds Lead Way In Forcing Changes: Goldman

The latest Hedge Fund Trend Monitor from Goldman Sachs analysts Amanda Sneider, David J Kostin, Stuart Kaisar, Ben Snider, Rima Reddy and Aaron Woodside carries a section on activist hedge funds. As this is written, we learn of one of the most successful and speedily conducted activism campaigns in recent times – that of Juniper Networks, Inc. (NYSE:JNPR) by hedge funds Elliott Management and Jana Partners. Juniper capitulated by offering a $3B buyback, quarterly dividends, improvement in operating margins and two new board positions for independent directors. Juniper is trading at $28.08, up 2.44%. In contrast, another highly successful activist…