Sandell Reminds Investors It’s Hard to Handicap Activists

Many of the firm’s newest positions are merger arbitrage plays, not new activist targets.

Tom Sandell (Christopher Goodney/Bloomberg)

Tom Sandell

(Christopher Goodney/Bloomberg)

It is difficult to predict future activist targets simply by tracking the regulatory filings of hedge fund activist investors. Sandell Asset Management’s most recent filing is just the latest example.

The hedge fund firm headed by Thomas Sandell disclosed on Thursday that it owns 5.2

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