The pandemic-related lockdown has affected all market participants, including activist investors. According to data from the Bloomberg Terminal, two relatively new players, Bulldog Investors LLC and Bluebell Capital Partners LP, have joined perennial leader Elliott Management Corp. at the top of the list of activists by the number of campaigns conducted. Bulldog has conducted 15 campaigns as of May 1, followed by Elliott with six. Newcomer Bluebell joins four others with three campaigns during this period.
Unlike many activists who target operating companies, Bulldog Investors LLC generally takes positions in under-performing closed-end funds. Closed-end funds are pooled investment ...