Wednesday, 25 November 2015
Last updated 4 hours ago
Apr 11 2014 | 9:05am ET
Activist hedge fund Stilwell Value Partners has caught the board of a bank it has in its sights sleeping on the job—quite literally.
Joseph Stilwell's fund, which owns an estimated 9.6% of Harvard Illinois Bancorp, filed a picture of the bank's chairman catching a few z's at an annual meeting. The photo, part of a Schedule 14A SEC filing, carried the following caption:
“Below is a picture taken at last year’s annual shareholder meeting of our Bank’s Chairman. None of the other board members bothered to wake him up. If you, like me, believe it’s time to bring a fresh influence to our Bank’s board of directors, please vote the GREEN proxy card for Mark Saladin. Sincerely, Joseph Stilwell”
Saladin is Stilwell's board nominee.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…