Keep An Eye On This New Activist Hedge Fund Managed By Former JPMorgan Executives
The relatively new activist hedge fund Hudson Executive Capital, ran by former JPMorgan executives, has filed its 13F, revealing its holdings. Aware investors knew about a couple, like Heartware International Inc (NASDAQ: HTWR) and CIT Group Inc (NYSE: CIT), but others are interestingly new.
Comerica Incorporated (NYSE: CMA) is its biggest bet, owning .75% of the company and having ~20 percent of its portfolio in the name. Then there's its Tenet Healthcare bet - 2nd largest holding - owning 1.5 percent.
The idea of Hudson is to work with companies and to never wage a proxy battle. It also only plans to target companies with a market cap of $15 billion or less.
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