Activist investment in Europe is on the rise. And
although hedge funds find a more hostile environment on this
side of the Atlantic, they are becoming more vocal and are
utilising tactics typically seen in the US.
That was the takeaway from speakers at the IFLR European M&A Forum in London on Tuesday,
who also noted that it’s still unclear whether
short-term shareholder engagement is any worse for a company
than long-term engagement.
"Activists have all been painted with a dark brush
in the past as destructive, as spreading like a disease, but
it’s important to remember that these hedge funds
are shareholders," said panellist Cas Sydorowitz, CEO of
corporate advisory at Georgeson.
"Portraying them as short-term investors who
don’t know the company well couldn’t
be further from reality – for them...