{"id":5022,"date":"2006-09-15T00:00:00","date_gmt":"2006-09-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"activist-hedge-funds-returns-are-waning-as-opportunities-dwindle","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/09\/2006\/activist-hedge-funds-returns-are-waning-as-opportunities-dwindle.html","title":{"rendered":"Activist hedge funds&#8217; returns are waning as opportunities dwindle"},"content":{"rendered":"<p>  &nbsp;<\/p>\n<p>  Marketwatch &#8211; Before a surfing injury derailed his investing career, Robert Chapman ran an activist hedge fund sporting annual returns of more than 20% in a seven-year stretch that included the  market&#8217;s lean years after the dot-com crash.<\/p>\n<div class=\"p\">  Chapman, a 40-year-old former Goldman Sachs trader, shut the fund down and over the next 16 months embarked on a series of exotic adventures around the world, kite-boarding off the coast of  Sardinia, hiking over southern Argentina&#8217;s Patagonia glaciers and trekking through Cambodian jungles.<\/div>\n<p>  &nbsp;<\/p>\n<p>  In April, he re-opened Chapman Capital LLC with more than $300 million in assets, only to encounter yet another challenge. What was once a niche area with relatively few peers had since become  crowded with an array of hedge funds all competing for activist opportunities using similar strategies.<\/p>\n<p>  &nbsp;<\/p>\n<div class=\"p\">  &#8220;It&#8217;s supply-driven. There are fewer undervalued situations out there,&#8221; Chapman said. &#8220;The market&#8217;s gone up a lot since 2002 and we&#8217;re at the end of an economic cycle, not the beginning.&#8221;&nbsp;<\/div>\n<div class=\"p\">  &nbsp;<\/div>\n<div class=\"p\">  Chapman has plenty of high-profile company that&#8217;s finding it harder to make their agitator-investor strategies pay off they way they used to. In the past year alone, the trend has hit its busiest  pace yet, highlighted by a series of activist-led confrontations at big-name companies, like Carl Icahn&#8217;s assault on Time Warner Inc., and Nelson Peltz&#8217;s showdown with H.J. Heinz Co.<\/div>\n<p>  &nbsp;<\/p>\n<p>  <a href=\"http:\/\/www.marketwatch.com\/News\/Story\/D5ZVnkKk9r0s9Rj5c4Ml22P?siteid=mktw&amp;dist=TNMKTW\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Marketwatch &#8211; Before a surfing injury derailed his investing career, Robert Chapman ran an activist hedge fund sporting annual returns of more than 20% in a seven-year stretch that included the market&#8217;s lean years after the dot-com crash. Chapman, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5022","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5022"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5022\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}