Hedge funds ``to lead shareholder activism in 2009''
Hedge funds are set to lead increased shareholder activism in 2009, according to the latest Shareholder Activism Insight report commissioned by law firm Schulte Roth & Zabel from mergermarket.
Investors pulled $3.7 billion out of hedge funds in June, punishing these loosely regulated portfolios for their poor performance in May, according to data released earlier this week.