Financial Times FT.com

FT 500 2006

Runners and raiders

By David Wighton

Published: June 9 2006 13:49 | Last updated: June 9 2006 13:49

Gordon Gekko is back. But this time he’s running a hedge fund. Nearly 20 years after Michael Douglas personified the corporate raider in Wall Street, companies around the world are again under attack from a new breed of assailant known, disarmingly, as activist hedge funds. They should be afraid, very afraid.

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