Hymowitz Wins $600 Million to Back Activists From Ubben to Peltz

Business Week – Hymowitz, the money manager who began backing activists such as Carl Icahn and Warren Lichtenstein more than a decade ago, is seeking to capitalize on a wave of hedge funds now pushing for changes at companies from Apple Inc. to Microsoft Corp.

Entrust Capital Inc. raised about $600 million in late 2013 to allocate money solely to funds run by shareholder activists, Hymowitz, who heads the New York-based firm, said in an interview. The money raised includes the Entrust Global Activist Fund LP, a fund of funds opened in November that is investing with money managers including Jeffrey Ubben and Nelson Peltz.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply