(Nasdaq) Selling pressure from several large hedge funds has led to meaningful underperformance in more heavily trafficked hedge fund names.
The financial crisis of 2008 caused a slowdown in corporate activity that lasted for over five years. Starting in 2014, after years of cutting costs and building large cash balances, CEO confidence began to rise and a combination of slow global economic growth, cheap financing and attractive valuations sparked a wave of M&A deals, spinoffs, restructurings and the like. Deal volume increased in 2014 and broke record highs in 2015.
