Financial market turmoil sees activist investors holding positions longer, as proxy regulations change in their favor will investors have the required stamina?
From Kirsten Bischoff, Opalesque New York
It seems the point has been reached when the feeling of helplessness against market forces has shifted to a feeling of anger, sparking a new wave of investor activism. However, this trend (seen this past weekend with CalPERS/Bank of America, US Government/Auto Industry) does not indicate investors are specifically looking for opportunities in which to invest as activists, but reacting to the poor performance of companies they have already invested in.
The question then for activist hedge funds is, do investors have the interest, the patience and the stamina required to allocate to a strategy with a much longer view than has been required before?
The strategy overall has not fared as well as others during this crisis, and fell more than 30% in 2008 (according to Hedge Fund Research).
» Full Story http://www.opalesque.com/51897/Financial_market_turmoil_sees_activist_investors937.html
http://www.opalesque.com/
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