Reuters – Activist investors, known for pushing corporations to perform better, recorded some of the best returns in 2013 when many rival hedge funds delivered only lackluster gains and failed to keep pace with the U.S. stock market’s rally.
On average, the roughly 60 funds tracked by Hedge Fund Research that specialize in activist investing returned 16.6 percent in 2013, the research group said on Wednesday. While that is still far less than the Standard & Poor’s jump of roughly 30 percent, it is far better than the average hedge fund, which returned 9.3 percent, HFR data showed.
