Kid Hedgies Wanna Grow Up To Be Just Like Carl Icahn, Bill Ackman

Bill and Carl: The Next Generation.
Publish date:

Unfortunately, in light of the formerly feuding patriarchs’ recentperformance, they are succeeding all too well.

Research firm Activist Insight says that “first time” activists—investors, typically hedge fund managers, who take on management teams often pushing for executive changes, mergers, or increased share buybacks—were at least partially successful in 64% of their campaigns last year, versus the 69% success rate for the entire group. Less experienced hedge fund managers are also growing bunch, accounting for more than half of the campaigns in 2015, the research firm says...In total, the number of corporate agitators grew a third to 213 investors last year, according to Activist Insight. Of those, 54% are what the group defined as “occasional activists,” or those that infrequently engage management teams, up from 44% in 2014. First-timers took up nearly a quarter of the total.

Here Come the Baby Bill Ackmans and Carl Icahns [Fortune]


Carl Icahn Still Thinks Bill Ackman Is A Bum, But That's Just, Like, His Opinion

There are many people in the universe who are fans of hedge fund manager Bill Ackman. They like his style. His charm. The way he makes them feel. The fact that he's not afraid to show his emotions or give them an honest opinion about their new dress or say "You know what? Those highlights really aren't working for you." Carl Icahn, however, is not one of those people. Save for a fleeting moment of supposed amicability following "a lengthy, boozy dinner," Icahn has viewed Ackman as a punk for nearly a decade; an untrustworthy little jerk who Ichan's friends supposedly told him not to do business with. (The feeling being more than a little mutual; as Ackman has put it, "The guy is a shakedown artist. His word is worthless.”) Anyway, in case anyone was wondering if the investors had put an end to their feud with another long, booze-filled meal, wonder no longer.