Glenn Greenberg and John Shapiro at odds, Chieftain Capital Splits-Up

November 26th, 2009
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Chieftain Capital Management has split over internal conflicts among its leaders. According to the Wall Street Journal, the investment firm, which was founded by Glenn Greenberg and John Shapiro in 1984, has now divided into two separate entities. Mr. Shapiro and two Chieftain partners, Tom Stern and Joshua Slocum, plan to launch a new investment firm in 2010 that will keep the name Chieftain Capital Management. The existing Chieftain will be renamed Brave Warrior Advisors and will be run by Mr. Greenberg.

The firm has focused on value investing since its formation with positive results, and this year Chieftain’s returns have generally followed the market. People familiar with the current situation at the firm have cited personal differences and personality conflicts among Mr. Greenberg, Mr. Shapiro, Mr. Slocum and Mr. Stern. Mr. Greenberg is well-known for his shareholder activist campaign in 2008 against management at Comcast.

According to a letter to investors, clients will be given a choice to in invest in Brave Warrior Advisors or the new Chieftain Capital Management, once the split is official.
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For Detailed Investor Profiles on these Investors, click below:
Brave Warrior Advisors
Chieftain Capital Management
Related People: Bryan R. Lawrence; Glenn Greenberg; Glenn Greenberg*; John Shapiro*; John Shapiro: Tom Stern; Joshua Slocum; Mary Mulholland; Tom Stern*
Related Entities: Brave Warrior Advisors*; Chieftain Capital Management*; Chieftain Hawkeye Partners LP; Chieftain Hawkeye Partners LP
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings

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