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ValueAct, Starboard Value, Marcato Sitting on More Cash
While the pace of activist campaigns has slowed as the number of targets has diminished, the sizable war chests being built by some firms means they will be able to pounce should conditions change.
At least three major activist hedge funds have built up sizable war chests in recent months even as the pace of activist campaigns has slowed. This suggests we may yet see a new surge over the next year, especially if there is another big correction in the stock market. Jeffrey Ubben’s
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