Activist Investors Need to Sharpen Focus on Long-Term Operations

Following more than a decade of peaks and valleys for activist investors, the need for funds concentrated around long-term operations as opposed to event-fueled goals remains strong, according to Peter Feld, managing member, portfolio manager and the head of research at Starboard Value LP. “The core, stable, good operationally-focused activists will continue to do what we do,” Feld told attendees on Monday as part of a panel on the future and current state of play of the corporate board at The Deal Corporate Governance 2016 conference. “For better or worse, there are plenty of U.S. companies that could use some continued improvement.”