Reuters – Hedge fund Breeden European Partners has more than halved its stake in troubled social housing repairs group Connaught, after the value of its holding plunged by more than 13 million pounds in recent weeks.
Breeden European, which was set up by former U.S. Securities & Exchange Commission chairman Richard C. Breeden, had declared a stake of 13 percent, or 18 million shares, at the start of July.
