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Brexit Deals Blow to Activists

Stocks favored by activist managers like Keith Meister, William Ackman, Scott Ferguson and others have fared even worse than the indexes following the UK’s landmark vote.

       William Ackman, Pershing Square (Bloomberg) Let’s face it. If you are long equities, there have been very few safe havens over the past two days, since the Brits voted to bail out of the euro zone. Since that vote, the Standard & Poor’s 500 stock index has fallen about 5.4 percent, the

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