{"id":4911,"date":"2006-08-22T00:00:00","date_gmt":"2006-08-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-manager-challenges-volvo","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2006\/hedge-fund-manager-challenges-volvo.html","title":{"rendered":"Hedge fund Manager Challenges Volvo"},"content":{"rendered":"<div class=\"writeboardbody\">  HedgeCo.Net (New York) &#8211; Swedish activist hedge fund, Castlerigg, has been causing a stir while trying to drum up interest among Swedish investors for a bid for truck maker Volvo.  <\/p>\n<p>    Thomas Sandell, US based Swedish financier and founder of Sandell Asset Management and $4.17 billion hedge fund Castlerigg, has been involved in several U.S. corporate tussles, as in the battle    for influence at ketchup maker H.J. Heinz Co. Together with billionaire activist investor Nelson Peltz, the hedge fund has 5.5 percent in Heinz. Peltz is trying to get on the board of Heinz as he    aims to boost sales and cut costs.  <\/p>\n<p>    Bid speculation has surrounded Volvo in recent years due to its strong balance sheet and the expectation that main shareholder Renault, might want to sell its 20 percent stake. If there was no    bid, Sandell wanted to put pressure on Volvo\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s management and board to increase handouts to shareholders.  <\/p>\n<p>    Sandell Asset Management also owns 5 percent in U.S. group Houston Exploration Corp and has urged the company to auction itself off. It has also taken a 9.62 percent stake in energy company    Southern Union Co. and has called on the company to take steps to raise its stock price.  <\/p>\n<p>    Alex Akesson<br \/>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: Editor@hedgeco.net  <\/p>\n<p>    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<p>    <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>    and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net (New York) &#8211; Swedish activist hedge fund, Castlerigg, has been causing a stir while trying to drum up interest among Swedish investors for a bid for truck maker Volvo. Thomas Sandell, US based Swedish financier and founder of Sandell [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4911","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4911","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4911"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4911\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}