Activism - a hedge fund strategy comes of age, but a key US report doubts its longevity


If you are invested with an activist hedge fund, stick with it, may be one of the messages from recent research by US investment bank Morgan Joseph on hedge fund activism. Returns almost triple from 6% at 120 days after a campaign's inception, to 16%, on average, 360 days after the campaign begins.

"Activist investment strategies have yielded returns in both the short and long term and, in fact, average cumulative returns increased as the length of time increased beyond the campaign's initial

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