{"id":35824,"date":"2013-05-29T09:22:06","date_gmt":"2013-05-29T13:22:06","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=35824"},"modified":"2013-05-29T13:42:24","modified_gmt":"2013-05-29T17:42:24","slug":"hedge-fund-activists-call-for-a-breakup-of-rhj-international","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2013\/hedge-fund-activists-call-for-a-breakup-of-rhj-international.html","title":{"rendered":"Hedge Fund Activists Call For a Breakup Of RHJ International"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/images1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-35828\" alt=\"images\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/images1.jpg\" width=\"212\" height=\"148\" \/><\/a>New York (HedgeCo.net) &#8211; A group of hedge funds led by Geneva-based investor Equilibria Capital have called for the break-up of $5.1 billion\u00a0financial services group\u00a0RHJ International (RHJI).<\/p>\n<p>The move would stop RHJI from acquiring leading German investment bank BHF, and &#8220;pave the way for a sale or possible re-listing of one of the City of London\u2019s oldest private banks, Kleinwort Benson,&#8221; according to the Financial Times.<\/p>\n<p>The group of activist hedge funds said in a letter: \u201cIt is our belief that the company needs to change its strategic direction by moving swiftly to return capital to shareholders and [work towards] a full break-up under the stewardship of a different board.\u201d The group, representing 4% of share capital,\u00a0would replace the board with people of their own choosing.<\/p>\n<p>The activist group includes Britain&#8217;s Polar Capital, French Mantra Investissement, Spain&#8217;s Alpha Plus, and Cayman Islands-based Overseas Asset Management, according to Reuters.<\/p>\n<p>Prior to being listed on the Euronext the company was a private equity fund run by Ripplewood Holdings. Timothy C. Collins, the founder of Ripplewood, is one of the company&#8217;s largest shareholders (13%)\u00a0and a director of the company. Other major shareholders include\u00a0Franklin Equity Group (15%), and BlackRock (9%).<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; A group of hedge funds led by Geneva-based investor Equilibria Capital have called for the break-up of $5.1 billion\u00a0financial services group\u00a0RHJ International (RHJI). The move would stop RHJI from acquiring leading German investment bank BHF, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,3],"tags":[],"class_list":["post-35824","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=35824"}],"version-history":[{"count":9,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35824\/revisions"}],"predecessor-version":[{"id":35827,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35824\/revisions\/35827"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=35824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=35824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=35824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}