Virtually No Institutional Investors Are Happy With Activist Hedge Funds Right Now
Billionaires bicker as sentiment burns.
Hedge Fund Exodus: Passive Investors Lead Redemptions
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The ongoing squabble between billionaire hedge fund luminaries William Ackman and Carl Icahn over Herbalife Ltd. distracts from a large warning sign for activist managers: they're failing to live up to the expectations of institutional investors.
The August edition of research provider Preqin's Hedge Fund Spotlight shows that 100 percent of institutional investors surveyed indicated that returns on their activist hedge fund investments had fallen short of their expectations.