It’s Official: Hug It Out
Public companies urged to work with activist hedge funds.
Relations between public companies and activist hedge funds have been oft marred by mutual fear, loathing and a good measure of mudslinging. But a sea change may be in the works as companies recognize the growing influence of activist funds. The final version of a long-awaited report on the topic by the Conference Board Working Group on Hedge Fund Activism urges corporations to acknowledge what activists bring to the table.