(CNBC) As a steward of pension funds and retirement accounts, Neuberger Berman has traditionally employed a staid strategy familiar among big Wall Street money managers: Buy and hold stocks, sit back, and hope for the best. But recently, the firm eschewed its nearly 80-year-old tactic of playing nice. Instead it turned to the bare-knuckled world of activist investors made famous by the likes of Carl C. Icahn and William A. Ackman.
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Money Managers Take Off the Gloves in Dealing With Companies
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