According to SEC filings, Swedish activist hedge fund Cevian Capital held more than 132 million shares of ABB Ltd. in September, worth around $3 billion at today's pricing. That's 6.2% of the of the utility, industrial and transportation-focused company's shares, and it signals Cevian's determination to unlock value from ABB's portfolio of companies.
While it's never a good idea to blindly follow hedge fund managers, Cevian's ABB position is a statement of intent from a well-respected investment manager, so let's take a look at the case for an individual investor to buy the stock.
While it's never a good idea to blindly follow hedge fund managers, Cevian's ABB position is a statement of intent from a well-respected investment manager, so let's take a look at the case for an individual investor to buy the stock.
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