Activists’ Secret to Unlocking Value Falls Flat in Stock Market / The Edge Group Reveals Early Intelligence Helps Improve Your Alpha

Activists’ Secret to Unlocking Value Falls Flat in Stock Market / The Edge Group Reveals Early Intelligence Helps Improve Your Alpha By staff writers Dani Burger and Lu Wang at Bloomberg, NYC: Returns for spinoff stocks are trailing the S&P 500 in 2015. From Carl Icahn to Barry Rosenstein, activists are in love with spinoffs as a way of unlocking stock market value. At the moment, they’re not working. “We’re seeing more of these forced company spinoffs,” said Jonathan Morgan, an analyst for Edge Consulting Group LLC, a Morristown, New Jersey-based research firm that analyzes spinoffs and special situations. “Because companies are doing poorly, there are more activists, and more activists...