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In a Tough 2014, Some Activist Funds Soared

Led by William Ackman’s Pershing Square, at least six activist funds matched or exceeded the S&P 500.

       William Ackman, Pershing Square (Bloomberg) You won’t know it from looking at the composite results, but 2014 was a very successful year for a large number of activist hedge funds or event-driven funds that sometimes try to engage with companies. True, the HFRI Activist Index rose just 5.14 percent, while eVestment says

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