Moody's: Activists Big-Game Hunting In '13

Feb 25 2013 | 11:52am ET

Activist hedge fund managers are licking their chops this year, according to a new report from Moody's Investor Services.

Such managers will pursue larger targets this year as corporate balance sheets grow alongside investors' taste for risk, Moody's said in the report, issued in the midst of Greenlight Capital's battle with Apple Inc. over that company's $137 billion cash horde.

"Record cash on corporate balance sheets, a ready supply of inexpensive debt and increased shareholder risk appetite given the low interest-rate environment are just a few of the contributing factors," Moody's wrote.

The ratings agency warned that technology, industrial goods, consumer goods, basic materials, pharmaceutical and energy companies, especially those whose stock price have taken a beating, are at highest risk.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...