Hedge Fund News From HedgeCo.Net

Stumbling Isn’t Humbling for This Hedge-Fund Guy

(Bloomberg) In our last episode of “Mick McGuire: Activist Investor,” our hero was flying high. It was early June, and the young hedge-fund manager, who earlier in his career had played Robin to Bill Ackman’s Batman, 1 had made a kill of his own, winning a proxy battle against Buffalo Wild Wings Inc., the struggling restaurant/sports bar chain. In launching the proxy fight, McGuire 2 promised the company’s investors that he had a plan that would double or triple the stock price, including selling off company-owned restaurants to franchisees, improving “the four-wall margins of the company units,” and “allocating capital efficiently.”

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