Activists Were Among 2016’s Top Performers Despite Early Losses

Christopher Hohn’s TCI was one of several activist hedge fund firms that generated double-digit gains last year.

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Richard T. McGuire, portfolio manager and founder of Marcato Capital Management LLC, poses at the Harbor Investment Conference in New York, U.S., on Feb. 3, 2011. The event raised more than $400,000 for the East Harlem-based Boys & Girls Harbor. Photographer: Amanda Gordon/Bloomberg

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Richard T. McGuire, portfolio manager and founder of Marcato Capital Management LLC, poses at the Harbor Investment Conference in New York, U.S.,

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