Business day – Californian hedge fund Baker Street Capital has leaped to 19.78 per cent ownership of old Canterbury firm Pyne Gould Corporation this afternoon.
The hedge fund, formed in 2009 and based in Los Angeles, has been building a stake for six weeks. The fund told the New Zealand Exchange today it had bought another 16 million shares at 38c a share, lifting its stake from 11.7 per cent to 19.78 per cent.
