About Activist Funds
Activist funds act with the aim of enhancing the untapped potential of target companies, hidden by managerial or structural inefficiencies, by creating a more efficient market, strengthening governance through improved transparency, shareholder participation patterns, and economic performance, and challenging management to increase shareholder value.
These types of players intensify their activity during periods of economic uncertainty, taking better advantage of opportunities than other institutional players; in recent years, activism is less aggressive but just as effective, thanks to increased market awareness and regulations that favor minority interests.
Their work focuses where there is an asymmetry between perceived value and intrinsic share value and challenges management by focusing on issues related to the 3 pillars of sustainability (Environment, Social, and Governance), M&A aspects, and social capital structure.
The full article was published on July 25, 2024 in Diritto Bancario