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...