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This Activist Hedge Fund Is Driving Changes at Parkland and Orthofix Medical, Among Others

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Michelle deBoer-Jones
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Engine Capital returned 5.53% net for the fourth quarter, bringing its net return for 2023 to 15.56%. Since its inception, the fund has returned 331.8% cumulatively.

Meanwhile, the Russell 2000 gained 14.03% for the fourth quarter, 16.93% for 2023, and 139.2% since the inception of Engine Capital in July 2013. Additionally, the HFRI Activist Index returned...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.