Reuters – Octavian Advisors LP said a clerical error prevented the $1 billion New York-based hedge fund from backing its own move last month to oust the supervisory board of German medical and electronics products maker Balda AG.
Octavian’s failure to vote its block of shares in its own resolution dealt a blow to the hedge fund’s bid to force Balda to sell its stake in Taiwan’s TPK Holding, a maker of touch screens for Apple Inc.
