The ongoing shift in investing preference from active management to passive funds has been well-documented, but one topic that hasn't received a lot of attention is this shift from the viewpoint of activist investors. That was exactly the focus of a discussion during a panel The Deal's Corporate Governance 2019 conference in New York City last week.
The panelists who participated in the discussion were Bruce Goldfarb from Okapi Partners, Jeffrey Marell from Paul Weiss, Keith Meister from Corvex Management, and Sarah Teslik from Joele Frank.
Index funds still mostly side with managements
Data from Proxy Insight for 2018 showed that index funds still support management more than activists, but passive funds aren't so simple in the way they decide how to...
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