Activist Hedge Funds Get a Break

The strategy is outperforming the broader hedge fund index this year after trailing it since at least 2013.

(Patrick T. Fallon/Bloomberg)

(Patrick T. Fallon/Bloomberg)

Turning up the heat in the c-suite kitchen is finally getting one category of hedge funds cooking this year.

Activist hedge funds returned 11.67 percent year to date through October, according to Hedge Fund Research. That’s a fair stretch better than the broader HFRI Fund Weighted Composite Index, which returned 7.23

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