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Money managers collaborate with activists to deal with failing firms

Change in dynamics is upending relations between public companies and their investors

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Whole Foods was once the vanguard of the natural and organic food movement but is now facing competition from other big-name grocers.

New York

AS A steward of pension funds and retirement accounts, Neuberger Berman has traditionally employed a staid strategy familiar among big Wall Street money managers: Buy and hold stocks, sit back and hope for the best.

But recently, the firm eschewed its nearly 80-year-old

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