Financial News: Activist Investors Bounce Back

`` Although some activists have continued to lose money, the average fund returned 29.23% in the eight months to the end of August, according to the latest figures for the activist hedge fund investable index introduced this year by data provider Hedge Fund Research. Among those showing strong returns, U.S. manager Greenlight Capital was up 21% for the first eight months while U.S. rival Third Point was up 14% in the first seven months, according to investors. ''