The activists make up at Delivering Alpha, but their history of antagonism runs too deep to think they will ever be bosom buddies.
Efforts by investors to reign in activists like William Ackman and Carl Icahn could have a negative impact on investment returns.
Founder Martin Hughes says he wants to maximize net asset value and not just gather assets.
Now the hedge fund manager who calls himself a friendly activist is waiting for Nabors Industries to make its next move.
Activist stakes are stuck in the mud, 2009’s market rebound notwithstanding.