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davepamn

M¢37 Funded By Mahalo ? | September 18, 2009 12:52 AM

Did most hedge funds buy equity markets as they were falling?

Did short positions exasperated the equity markets?

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vicgoodwin

September 18, 2009 07:31 PM

I believe they did and this is why

Hedge fund ( Harbinger Capital Partners purchased enough NY Time shares in February and to gain 10% of the stocks. With that being said they then sent sent out proxy notices to shareholders in order to to replace 4 board members.

They continued to push for the proxy vote and then began the same stradegy with Media General Inc. Again buying a minority of stock then working to replace sitting members of the board by proxy.
Source(s):
http://www.directorship.com/hedge-fund-harbinger-looks-to-replace-directors...

Tags: partners, times, harbinger, ny, capital

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