Activists Back on Attack as Lagging Fund Primed to Beat S&P 500
Activists Back on Attack as Lagging Fund Primed to Beat S&P 500
Activists are on the attack and it might be a good time to ride their coattails.
One way could be the 13D Activist Fund, which invests in companies targeted by shareholder activism. As of Wednesday, it trailed the SPDR S&P 500 exchange-traded fund by 9 cumulative percentage points since its January 2012 inception on a total return basis. That’s the most in about two years and represents a rare reversal in the fund’s performance relative to the broader stock market. As recently as June, the activist fund held a 19 percentage point advantage.
--With assistance from Wei Lu.
To contact the reporter on this story: Brandon Kochkodin in New York at bkochkodin@bloomberg.net
To contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven Crabill
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