The poor performance of recent spinoffs is creating an overly negative sentiment around any such deals, fund managers say.
Spinoffs have missed out on the broader market rally during the second half of 2019. But The Edge Consulting Group, a research firm that specializes in spinoffs, said there are still opportunities to go long. On Thursday, investors were pitched situations ranging from U.S. retail to European media stocks at an event hosted by the research firm as a benefit for The Alzheimer’s Association.