Strongbow offers hedge fund

Strongbow Capital Management has launched a shareholder activist hedge fund, Strongbow Capital Ltd.

The $18.8 million fund will use a twin-pillar investment strategy of purchasing large blocks of shares in deeply undervalued companies along with an aggressive pursuit of shareholder activist strategies to encourage such companies to unlock their underlying value.

The principals behind the fund include the former chairman of Goodbody Stockbrokers, Mr Ray French.

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