Many hedge funds are drastically underperforming the markets this year. In fact, since 2004, the majority of hedge funds have underperformed the broader markets, despite the huge bull market in stocks.
Since most hedge funds get paid based on their returns for the year, managers who don't want to underperform often turn to shareholder activism as a way to increase shareholder value and ultimately boost their returns.
At Stockpickr, we track many of the latest activist situations. We highlight a few here.
Activist hedge fund Harbinger Capital Partners has purchased a 5.9% stake in starch goods company Corn Products International(CPO Quote). Harbinger disclosed that it owns about 4.34 million shares of Corn Products. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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