Thursday, 2 July 2015
Last updated 20 hours ago
Feb 5 2008 | 12:16pm ET
Long-time activist investor Guy Wyser-Pratt and Knight Vinke Asset Management co-founder Patrick Dewez are planning a $1 billion hedge fund to target underperforming European companies.
The move by Wyser-Pratt, who manages some US$500 million from New York, is taking aim at some markets that are distinctly unfriendly towards shareholder activism.
“There’s a socio-political agenda,” he told the Financial Times. “I see that the two remaining communist countries in Europe are not in the east, they are Germany and France.”
The new fund will be managed from a new European office by both Wyser-Pratt and Dewez, who last year quit as CEO of Knight Vinke.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…