Making a beeline for activist hedge funds
By David WhiteNovember 2006 (Magazine)
The activities of activist funds in targeting companies that have become national champions have caused political apoplexy throughout Europe, with ministers wagging their fingers at pension funds and warning them to have nothing to do with predatory private equity companies and hedge funds. But pension funds are encouraged to diversify into alternative investments and become active owners of the companies they invest in. So what should they do?