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Komfie Manalo, Opalesque Asia:

Activist investors increased their campaigns against large-cap companies in 2017, according to the Activist Investing Annual Review 2018, produced by Activist Insight in association with Schulte Roth & Zabel (SRZ). The review analyzes trends in shareholder activism, ranks the top 10 activist investors and provides predictions for the year ahead.

The review added that more than 21% of all campaigns were dedicated to large-cap companies in 2017, compared to approximately 19% in 2016.

In contrast, companies are becoming more reluctant to settle after being emboldened by more aggressive defensive strategies and advice. Last year, the percentage of publicly announced settlements declined 6%, as compared to 2016, the study showed.

"We expect activist investors to continue to target large caps and mega caps. The trend is the natural result of an increase in the flow of assets to activist funds based on the success of activist strategies," commented Marc Weingarten, a partner and co-chair of the firm's global Shareholder Activism Group together with Ele Klein. Weingarten and Klein contributed expert commentary to the review.

"The recognition by institutional investors of the benefits of activism has also increased their willingness to lend support, allowing activists to engage even larger companies with performance and operationa......................

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