Hedge Funds

Activists stir controversy at Absolute Return Symposium


Has corporate activism been carried to extremes? That question ruffled the feathers of a panel of corporate activists at the Absolute Return Symposium this week when it was raised by hedge fund legend Leon Cooperman of Omega Advisors.

Speaking from the audience following the panel's often fractious and humorous discussion, Cooperman said that while he applauds much of what the activists do, "part of me says one of the hedge fund bubbles is hedge fund corporate activism."

Cooperman, who was a panelist at last year's Symposium, reminded the hedge fund managers: "You guys aren't running these companies and