Elliott has turned its tactics on corporate chieftains, becoming the most feared activist hedge fund around the globe. Last year, the $35 billion fund subjected 24 companies to its demands — far more than any other fund. And while it might be the most feared, it is far from alone. “The use of private investigators is par for the course in proxy contests,” says Kai Liekefett, partner and chair of the shareholder activism practice at Sidley Austin. “They’re just like political campaigns with their opposition research.”
https://www.institutionalinvestor.com/article/b1f6yg8n93jyfh/The-Ruthless-Secretive-and-Sometimes-Seedy-World-of-Hedge-Fund-Private-Investigators