When it comes to shareholder activism, much attention has been paid to the long side of things – well-known folks like Carl Icahn and Nelson Peltz who take stakes in companies and agitate for changes they feel will unlock hidden value. But how are the shorts doing?
These are the investors who make bearish bets on stocks and then lay out their cases publicly, often backing up their arguments with reams of research. While individual results vary, the verdict for this groups performance as a whole is not all that great in the short term — or in recent years either, at least as far as market-beating returns are concerned.
Just this week, investor Ben Axlers Spruce Point Capital disclos…
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