(Reuters) Activist hedge fund Marcato Capital Management’s main portfolio climbed 1.2 percent in May as some of its biggest investments, Bank of New York Mellon and Sotheby’s, performed better.
The May returns helped shrink the fund’s year-to-date decline to 8.7 percent from double-digit losses earlier in the year, according to a person familiar with the returns but not authorized to discuss them publicly.
