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Financial Times: Fund chiefs aid activist raiders but in Britain politeness is key

David Pitt-Watson, Pembroke Visiting Professor of Finance at Cambridge Judge Business School, comments on asset managers and active company ownership. “It should be completely normal that shareholders are active as owners of companies, that they are asking good questions and make sure the company is run in the long-term interest of the company. But most of the resource of fund managers is put into trading shares rather than ownership. Activists help them do that [active ownership].”
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Read the full article [ft.com]