Evolution Of Activist Funds May Emulate PE, Experts Say

By Chelsea Naso (March 18, 2016, 6:41 PM EDT) -- As their performance lags, more activist hedge funds are turning to private equity for inspiration, with some funds now mulling an industry-specific focus while others toy with the idea of permanent capital, experts said Friday.

Shareholder activists have traditionally been blind to industry and when hunting for typically short-term investment opportunities, but managers of activist funds are considering taking a page out of the private equity playbook, said Avi Mehrotra, co-head of Goldman Sachs' mergers and acquisitions shareholder advisory.

The trend toward industry-specific deal-making and other general private equity characteristics comes as activist hedge funds in recent months have underperformed the...

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