Activist Hedge Funds Aren’t Good for Companies or Investors, So Why Do They Exist?
Harvard Business Review
AUGUST 20, 2018
Activist hedge funds have become capital market and financial media darlings. The Economist famously called them “capitalism’s unlikely heroes” in a cover story, and the FT published an article saying we “should welcome” them. And the consultants who get hired to do post-merger integration.
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