Activists Bet On Single-Stock Funds To Target Large Cos.

Law360, New York (October 16, 2013, 3:17 PM EDT) -- Activist investors are increasingly turning to single-stock and special-purpose vehicles to dig deeper into companies with large market capitalizations, propelling a trend that experts say amplifies the potential risks and rewards for activists and their backers alike.

The push for alternative investment vehicles comes as activists set their collective sights on bigger fish, an evolution in the activist game that has taken a firm hold over the past year. But building up a significant position in a company with a large market cap is costly, often...
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