WSJ – A number of the largest activists are raising billions of dollars, in an effort to take advantage of their increasing clout in boardrooms and above-average hedge-fund returns.
Daniel Loeb’s Third Point LLC recently raised a $2.5 billion war chest that the hedge fund could deploy by year-end, people familiar with the matter said Thursday. Other activists, including Trian Fund Management LP, Pershing Square Capital Management LP and Jana Partners LLC, are also expanding the size of their coffers, people familiar with those firms said.
