Activist Investing Trend Has EU Worried

As well-known activist investor Gregg Hymowitz, managing partner Entrust, raised $600 million in 2013 to allocate towards activist investors, the activist trend is moving across the Atlantic Ocean – and staid European companies are growing concerned.

Last week one of the more aggressive US activist hedge funds, Elliot Associates, made it public they were building a stake in UK grocer Wm Morrison, pushing for a shake-up in its property portfolio.  (It was also revealed today that Elliot Management is also making an aggressive move towards Juniper Networks.)  About one month ago, US hedge fund Sandell Asset Management entered the...