Class Review: A Market for Activists

August was a hard month for hedge funds, but the volatile markets looked good to some event-driven managers — namely, activists.

August was a hard month for hedge funds, but the volatile markets looked good to some event-driven managers — namely, activists. That’s because when a stock’s price and its true worth diverge, value-oriented managers can move in. It was no surprise, then, when two activist hedge funds turned up among the 20 best-performing hedge funds in August, according to Chicago-based Hedge Fund Research.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related