(Reuters) Activist hedge fund Marcato Capital Management, which has called for cost cuts at Bank of New York Mellon for years, exited its position in the fourth quarter, according to a regulatory filing made on Tuesday.
The San Francisco-based hedge fund, run by Mick McGuire, sold 2.9 million shares some time in the last three months of the year, the so-called 13-F filing showed. It was a roughly 10 percent position for the fund.
