When will “hedge fund activism” cease to be the three little words that company executives do not want to hear? As one hedge fund activist states in the roundtable discussion on page 134, the mention of the word “activist” on one hedge fund’s website led to such a flood of complaints that the strategy was renamed “ownership investing”.
Outcries from lawyers such as Marty Lipton that deem all hedge fund activists to be out for short-term gains have been blown out of all proportion.
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