Talking Activism With Peregrine Systems' John Mutch

Shareholder activism is gathering adherents among hedge funds, attracting managers both seasoned with the strategy and otherwise. Somewhere in the middle of the experience spectrum is John Mutch.

Mutch is president and CEO of Peregrine Systems, the San Diego-based software company in the process of being acquired by Hewlett-Packard(HPQ Quote). He's preparing to launch MV Advisors I, an activist hedge fund, in January. Mutch personifies a new breed of manager hoping to turn his firsthand knowledge of turnarounds and corporate governance into big profits in investing.

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