Hedge Fund News From HedgeCo.Net

Hampden Bank under pressure to sell from Dallas-based hedgefund Clover Partners

Massachusetts – A Texas hedge fund firm is stepping up its efforts to put Hampden Bancorp on the block by trying to get two of its representatives on the Springfield banking company’s board of directors.

With 6.5 percent of the company’s shares, Dallas-based hedge fund Clover Partners is the biggest institutional shareholder on Hampden’s roster, which also includes Boston-based Wellington Management and other industry heavyweights. Johnny Guerry, Clover’s managing partner, and Garold Base, CEO of Dallas-based Viewpoint Bank, were recently nominated for board membership by MHC Mutual Conversion Fund, a Clover general partner.

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