Activist Hedge Fund Targets ‘Communist’ France, Germany

Feb 5 2008 | 1:16pm 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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...