Activist investor challenges Envestnet’s poor stock performance
Hedge fund Impactive Capital is threatening a proxy fight in an effort to secure a seat on Envestnet's board.
An activist hedge fund with a 7.2% ownership stake in Envestnet Inc. is preparing a proxy fight to try and gain some say over the direction of the provider of technology and software to financial advisers.
Impactive Capital, a $2.7 billion hedge fund, issued a press release Tuesday detailing diss
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