Hedge Fund News From HedgeCo.Net

World Energy under pressure from activist shareholder

Telegram – A hedge fund that holds a large stake in World Energy Solutions Inc. is pushing the company to appoint new directors, get rid of one business and maybe even sell the company.

Ardsley Partners of Stamford, Conn., wrote to World Energy Chairman Edward Libbey on Jan. 9, reporting that the fund and its affiliates now control 7.5 percent of World Energy’s stock.

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