Activist Hedge Fund Taconic Capital to Sell Stake in Gulf Keystone

(Reuters) Activist hedge fund Taconic Capital Advisors said on Wednesday that it would sell a 3.55 percent stake in Iraq-based oil producer Gulf Keystone Petroleum Ltd. Taconic Capital, a multi-strategy hedge fund which was founded in 1999, said it would explore the opportunity to sell 8.13 million shares in the Iraqi Kurdistan-focused oil firm.

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