Questions over event driven activists adding value

But strategy among highest returns this year

Boardroom table

Event driven activist funds continue to be a favoured money-spinner for hedge fund investors. The strategy returned 16% last year and 3.3% in the first quarter of this year, among the highest of all returns, according to Hedge Fund Research indexes. Assets under the management of activist funds rose from $65 billion in 2012 to $95 billion in 2013, according to Hedge Fund Research. The year-on-year rise, $30 billion, is a significant upsurge: the number is equivalent to the amount of assets un