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Quand les « hedge funds activists » se rapprochent du « private equity »
Créé le
04.12.2015-
Mis à jour le
15.12.2015La stratégie Event-Driven mène les « hedge funds activists » à prendre des parts importantes dans des entreprises. La ressemblance est de plus en plus forte entre ces véhicules de gestion alternative et les fonds de private equity.
Hedge funds activism is a recent trend where hedge funds following an Event-Driven strategy invest in private equity-like assets, meaning taking major stakes in private companies. Activism is not just a matter of investments, but mainly a change in fund structure, terms, capital allocation, strategy and other elements that are making hedge funds more and more close to private equity funds. This article is aimed at analyzing this convergence from both a structural and performance point of view, in order to understand and explain this recent trend. The final objective is to assess whether hedge funds ...