Activist Investor Hymowitz Focuses on “Evolving”

When EnTrustPermal’s chief executive Gregg Hymowitz sat with the performer Usher at a friend’s wedding in 2012, he asked the celebrity how he made the transition from child artist to adult star, according to a recent Wall Street Journal article. Usher’s answer: “Evolve or evaporate.” The phrase, says Hymowitz, has become his business motto and the force behind his becoming one of the biggest activist investors on Wall Street, the article says. In May, Hymowitz approved a $650 million investment in NestlĂ© alongside hedge fund Third Point LLC.” Mr. Hymowitz’s willingness to write such large checks on short notice makes […]