Chicago-based Oak Street Capital Raises $5M for New Hedge Fund

Dec 3 2010 | 8:22am ET

David Makula’s Oak Street Capital Management of Chicago has raised $5.2 million for the Oak Street Capital SPV 1 hedge fund, according to regulatory filings.

The fund has a minimum contribution of $100,000.

Makula made headlines earlier this year as one of a group of activist investors attempting to change more than the menu at Denny’s Corporation. Oak Street Capital, Macquarie Futures and Dash Acquisitions, owners of about 7.1% in Denny’s outstanding shares, declared their dissatisfaction with Denny's management and direction and mounted a proxy fight to replace three Denny’s board members. The attempt failed, but soon after, Denny’s CEO Nelson Marchioli left the company.

Makula has more than 10 years’ experience in investment banking and asset management.


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