Activist Hedge Funds Aren’t Good for Companies or Investors, So Why Do They Exist?
Harvard Business Review
AUGUST 20, 2018
activist hedge fund investments Allaire studied, the mean compound annual TSR for the activists was 12.4% If they can get their target sold, the compound annual TSR jumps from a lackluster 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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