LONDON (Reuters) – Hedge funds do not appear to be launching a major push to force European companies to revamp their boards or make merger and acquisition deals, a senior J.P. Morgan executive said on Wednesday.
“Hedge funds are vocal, they keep people on their toes and introduce Anglo-Saxon shareholder thinking into corporate Europe, but I don’t see them going around looking for companies to put into play,” Klaus Diederichs, head of European investment banking, J.P. Morgan, told the Reuters Corporate Finance Summit.
