Activism Grows Crowded as the Rewards Remain Rich
As new names enter the market, competition and crowding increases for all funds. Will returns hold up?
Is there a bubble building in activist investing?
It does seem more crowded. In addition to the usual cast of characters, a number of new participants have joined the fray in the past few years.
They include Carl Icahn’s onetime right-hand man Keith Meister of New York–based Corvex Management; former Pershing Square Capital Management partner Richard T.