Lazard's Rossman Sees 'Quiet, Subdued' Period for Activist Investing

The video discusses the impact of COVID-19 on activism, noting a significant decline in new campaigns and subdued market activity. It highlights current trends, including new entrants like family offices and hedge funds, and the growing role of private equity in activism. The discussion also covers the strategies of major activists amid market volatility, with a focus on credit strategies and direct investments in public companies.

What was the percentage decrease in new campaigns initiated in March and April compared to the previous six months?

• 34%

• 54%

• 74%

• 94%

Which new entrants are becoming more involved in activism according to the second section?

• Individual investors

• Non-profit organizations

• Government agencies

• Tech companies

What market is particularly interesting due to behind-the-scenes conversations taking place?

• Real estate market

• Pipe market

• Cryptocurrency market

• Commodities market

What is the expected role of private equity firms in the current market conditions?

• To reduce their investments

• To play a larger role

• To exit the market

• To focus on tech startups

What is the highest level of activity seen since tracking began, according to the third section?

• Government interventions

• Inquiries from private equity firms

• Public protests

• Stock buybacks

Which major activist is mentioned as being busy in China with fast casual investments?

• Carl Icahn

• Warren Buffett

• George Soros

• Bill Ackman

What strategy might leading activists pivot to, as mentioned in the final section?

• Retail expansion

• Cryptocurrency trading

• Credit strategies

• Real estate investments