Activist Hedge Funds Aren’t Good for Companies or Investors, So Why Do They Exist?
Harvard Business Review
AUGUST 20, 2018
and for a random sample of firms of similar size in like industries, it was 13.9%. That is to say, if you decided to invest money in a random sample of activist hedge funds, you would have earned 12.4% This is ironic, of course, because studies show the majority of acquisitions don’t earn the cost of capital for the buyer.
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