(Reuters) An activist investment firm that helped oust Viacom’s chief executive this year plans to launch a new fund in the fourth quarter, one of its co-founders said on Tuesday. SpringOwl Asset Management, the three-year-old firm founded by Jason Ader and Andrew Wallach, plans to invest in real estate, financial services, consumer and technology companies.
Ader, Wallach and their team currently invest roughly $140 million in managed accounts for wealthy families, earning returns between 20 percent and 40 percent this year alone. That beats the average activist fund’s 5.6 percent return.
