The challenging market conditions facing many companies have created a fertile ground for activist hedge funds.
The average activist fund gained 44.19% in 2009, according to Chicago-based Hedge Fund Research. That followed a difficult period for the strategy in 2008 when the average loss was 30%.
“Shareholder activism in 2009 was up on the previous year. That trend is likely to continue in 2010,” says Damien Park, managing partner of Hedge Fund Solutions, a consultancy which