Activists Branch Out to Win Investors

Smaller or more niche-oriented players are hawking their wares to investors who want to allocate to activists but may be put off by the recent performance of big-name players.

Activist strategies have been popular with hedge fund investors in recent years and have enjoyed net inflows through this summer, but performance data suggests that the strategy is starting to slip. What’s more, the big-name activists are having a tough time identifying new targets.

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