Activist investors are expected to carry out fewer environmental and social campaigns this year after the strategy proved less lucrative than other shareholder agendas, according to business consulting firm <-bsp-bb-link state="{"bbHref":"bbg://securities/592998Z%20US%20Equity","_id":"0000018c-eba1-d3fa-abbe-fbfb421b0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Alvarez & Marsal Inc.-bsp-bb-link>
An analysis by the firm found that activist campaigns focused on operational or strategic change outperformed the market by an average of 9.4% over the past six years. By contrast, campaigns focused on environmental and social issues saw the weakest relative returns, outperforming the market by just 0.2% on average for the same period, according to a report published on Tuesday.
“As investors focus more firmly ...
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