Activist investors experienced a strong rebound in 2023, with double-digit returns after a year of losses. The rebound was fueled by a stronger equity market and savvy stock picking. They are now preparing for more proxy fights. Shareholder activists secured 134 board seats in 2023, a 30% increase and a five-year high, according to Barclays. Additionally, Blackstone Group's BAAM unit, the world's largest investor in hedge funds, posted a 6.9% return last year, more than double the 3.1% return of the HFRX Global Hedge Fund Index.
Shareholder activists secured 134 board seats in 2023, a 30% increase and a five-year high, per Barclays.
⚠️ BLACKSTONE'S BAAM UNIT RETURNS 6.9% IN 2023 - MEMO (Reuters) Blackstone Group's BAAM unit, the world's largest investor in hedge funds, posted a 6.9% return last year, according to a memo seen by Reuters, more than double the 3.1% return of the HFRX Global Hedge Fund Index.… https://t.co/QietYoQYQZ
Activist investors enjoy strong rebound in '23, gird for more proxy fights https://t.co/rng6x4aMLI https://t.co/izM6VNQfGV
Many activist investors had a banner year in 2023. Now they are bracing for more activity ahead. https://t.co/v21WlTWmJm
Activist investors enjoy strong rebound in '23, gird for more proxy fights https://t.co/lG8a0wbBSZ via @sveaherbst @Reuters #HedgeFunds #ActivistInvestor
⚠️ ACTIVIST INVESTORS ENJOY STRONG REBOUND IN '23, GIRD FOR MORE PROXY FIGHTS (Reuters) Activist investors roared back to double digit returns in 2023 after a year of losses, with a stronger equity market and savvy stock picking fueling their rebound, fund managers and their…