Investoren: „Aktivistischer Druck“: Was der Einstieg von Hedgefonds für Unternehmen bedeutet
Aktivistische Investoren drängen Vorstände meist zu Kostensenkungen und Verkäufen. Untersuchungen zeigen: Sie gehen inzwischen subtiler vor – und ihr Wirken hat oft schädliche Langfristfolgen.
Investors are expressing dissatisfaction with dividends and the prospect of stock price increases. When the pharmaceutical supplier Gerresheimer welcomed a hedge fund in 2024, the transformation began soon after. Shares were sold, and a year later, the CFO changed position – possibly due to the investor's influence. These activist investors, typically hedge funds, aim to gain control over corporate strategy and push for cost reductions and partial sales.
They often push for change through public campaigns, criticizing specific business processes or even executives. A recent study by the corporate consultancy Alvarez & Marsal (A&M) reveals that activist investors increasingly pursue their goals behind the scenes – through discussions with management, for instance. The common goal of both vocal and quiet "activists" is to quickly increase the company's stock price, thereby increasing their own profit. However, this strategy, as another study shows, can have significant unintended consequences.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
