Economics

Activist Hedge Funds On A Roll, Returning 50% In 2012-’14

Activist Hedge Funds on a Roll, Returning 50% in 2012–’14

U.S. hedge fund managers such as Daniel Loeb at Third Point Management, Barry Rosenstein of Jana Partners and William Ackman of Pershing Square have become boldface names in the hedge fund sector in recent years. Their funds are among the most prominent of some165 activist hedge funds in the world today, which collectively manage approximately $120…