Reuters
Where have all the shareholder activists gone? Campaigns slow amid market turmoil
Activist investors intent on shaking up Corporate America may be getting cold feet as new data points to a slowdown of campaigns as markets gyrate amid fears of faster rate hikes, runaway inflation and geopolitical turmoil. The marked decline in activist campaigns seen over the last four weeks could give corporations more breathing room to tackle problems on their own, avoiding battles with corporate agitators over leadership, spinoffs or even a sale of the entire company, said lawyers, bankers and industry analysts. Shareholder activists, typically hedge funds like Elliott Management, Starboard Value, Jana Partners and Sachem Head Capital Management, employ investment strategies where the goal is to increase the share price by pushing underperforming corporations to perform better.
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