41.14 F
London
December 23, 2024
PI Global Investments
Hedge Funds

Irish hedge fund boss Alexis Fortune favours brave activism


Alexis Fortune has launched a humdinger of a corporate battle from his office near Starbucks on main street in Blackrock, south Dublin.

Fortune’s hedge fund, Blacksheep Fund Management, has become an activist shareholder in the Canadian-listed software business Dye & Durham. The €800 million-valued company, which makes software for the legal profession, is being hammered by investors for underperformance.

Fortune has teamed up with another investor, Engine Capital, and is seeking to sack half the board of Dye & Durham, replacing them with himself and his associates at the firm’s annual meeting next month. It’s a ballsy play by Fortune. Dye & Durham has hired Goldman Sachs to help defend the assault.

On July 5 one of the board members agreed to step down with



Source link

Related posts

Venture Capitalists and Hedge Funds Are Buying Meme Coins Like Shiba Inu and Dogwifhat. Should You?

D.William

There are risks lurking in the world of private capital

D.William

Mobilizing Private Capital For Climate Action

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.