BusinessDay – Californian hedge fund Baker Street Capital has lifted its holding again in Pyne Gould Corporation to nearly 12 per cent. The hedge fund manager is saying nothing about its intentions towards PGC, where it has aggressively built a substantial shareholding over the past two months.
Baker Street yesterday posted a substantial shareholder notice on the NZX declaring a stake of 11.7 per cent, only a couple of percentage points shy of the single largest shareholder and PGC director George Kerr who controls 14 per cent through Pyne Family Holdings.
