Questions over event driven activists adding value
Event driven has its detractors who argue returning cash to shareholders disadvantages bondholders but the strategy has seen returns of 3.3% so far this year
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 under
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