Wednesday, 28 September 2016
Last updated 29 min ago
Jan 28 2014 | 1:13am ET
Activist hedge funds brought in twice as much in the first three-quarters of last year as they did in the same period a year earlier.
Activist firms raised $7.2 billion from investors in the first nine months of 2013, according to The Podium.
"It is very clear that no company is immune," Laurel Hill Advisory Group said. "Witness the investment in Microsoft, the interest in Apple, the events at Hess and at the Canadian Pacific Railway. Therefore, it is clear companies need to prepare themselves in the event they attract the attention of an activist."