Steel Partner’s Warren Liechtenstein Prepares for Bank Chairman Role
| August 16th, 2009 | ||
| Although activist investor Warren Liechtenstein’s Steel Partners has taken heavy losses for the fiscal year 2008, the firm still has reasons to keep its head up. The hedge fund manager is in the process of converting its flagship Steel Partners II Fund into a traditional, publicly-listed industrial by purchasing a bank holding company. According to a Financial Times article, Mr. Liechtenstein is upbeat about financial stocks and the converted fund’s prospects, citing the “historically high” spread between deposit and borrowing rates. | ||
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Steel Partners |
Related People: Joshua Schechter;
Related Entities: Steel Partners;
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles
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