Hints and tips:
...“[T]he normalisation of activism means that now some players can move seamlessly back and forth between activist behaviour and private equity behaviour,” said Jim Rossman, co-head of capital markets advisory...
...“It’s a reflection of this movement of aggressive shareholder behaviour moving into the mainstream,” Jim Rossman, head of shareholder advisory at Lazard told the FT....
...It is a view echoed by Jim Rossman, the head of shareholder advisory at Lazard, the investment bank. “These guys are not just going to sit on the sidelines waiting to vote on an issue,” he says....
...Additional reporting by James Fontanella-Khan...
...It could also reduce valuations in some sectors that activists had previously avoided because they felt valuations were too high, providing new targets, said Rossman....
...– “Rossman’s theory that passive investing will help activists comes with a couple of caveats.” That’s Lazard’s Rossman, who defends CEOs against activist investors....
...Additional reporting by James Fontanella-Khan in New York This article has been updated to clarify that Keith Meister invested in the Swiss chemicals group Clariant, not Huntsman, as previously stated....
...“Activists were more risk averse and launched fewer campaigns in the first half of 2016 due to market volatility in early 2016 and poor returns in 2015 that left many funds exposed to redemptions,” Jim Rossman...
...“As long as companies underperform there will be activists targeting them,” said Mr Rossman....
...In contrast, Judith is a free-spirited reader of Galdós, Henry James and John Dos Passos. Her independence and easy confidence simultaneously stimulate and intimidate Ignacio....
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