Activist investor heavyweights form new lobbying arm

May 18, 2016 9:29 PM

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NEW YORK A group of activist hedge funds have formed a new lobbying arm in an effort to promote the benefits of shareholder activism across the U.S. economy.

The Council for Investor Rights and Corporate Accountability (CIRCA) announced its formation on Wednesday, saying it is committed to promoting the actions of shareholder activists, and their positive impact on corporate governance and business policies at publicly traded companies.

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