Forbes – Activist hedge fund investors are accused by defensive corporate boards and their advisors of being short sighted quick-buck artists that harm America’s corporations. But, as the venom continues to fly, some funds are quietly taking a long-term approach when it comes to corporate mergers, sticking around well after large deals are struck.
Whether it is rising hedge fund stars like Jeffrey Smith of Starboard Value and Keith Meister of Corvex Management, behind-the-scenes deal mavens like John Paulson of Paulson & Co. and Jeffrey Ubben of ValueAct Capital Management, or headline grabbers like Bill Ackman or Pershing Square Management and Barry Rosenstein of Jana Partners, all are betting that merger and acquisition activity is one of the most compelling ways to create value in current stock markets.
