Steel Partners - Investor Profile

Primary Address:

Investor Information:

590 Madison AvenueTotal AUM ($MM):7,000
32nd FloorEquity AUM ($MM):227
New York, NY 10022Investment Style:Value
United StatesOrientation:Shareholder Activist
Phone: 212-520-2300 Investor Type:Hedge Fund Manager

Institutional Investor Background

Steel Partners is a hedge fund manager that was founded by CEO Warren G. Lichtenstein and Lawrence Butler in 1990. The firm manages hedge funds and investment pools, which include Steel Partners II, L.P. Steel Partners II Master Fund L.P. and WebFinancial L.P. The firm also manages Steel Partners Japan Strategic Fund, a hedge fund that invests in Japan, and Steel Partners China Access I LP, a private equity fund that invests in China. Mr. Lichtenstein currently serves on the board of directors of GenCorp Inc (NYSE: GY), SP Acquisition Holdings, Inc (AMEX: DSP), and the WHX Corporation (NASDAQ: WXCO). He previously served on the board of directors of SL Industries, Alpha Technologies Group, Aydin Corp., BKF Capital Group, CPX Corp, ECC International, Gateway Industries, KT&G Corp., Layne Christensen Co., PLM International, Puroflow Inc., Saratoga Beverage Group, Synercom Technology, TAB Products, Tandycrafts, Tech-Sym Corp., United Industrial Corp., and U.S. Diagnostic Labs. In June 2009, Mr. Lichtenstein got court approval to convert Steel Partners II into a publically-listed investment company. The firm is based in New York with an additional office in Tokyo,Japan.

Investor Regional and/or Country Focus: Global

Founders and Key Executives of Steel Partners: Warren G. Lichtenstein; Lawrence Butler; Joshua Schechter

Entities related to Steel Partners: Steel Partners; Steel Partners II Master Fund LP; Steel Partners Japan Strategic Fund; Steel Partners LLC; WebFinancial LP

*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here. ***Relevant firms may include firms where founders previously worked, funds that were spun-off from the firm, funds that were seeded by the firm and/or unrelated firms that were founded by veterans of the fund. For specific details, please review the Investor Background sections for each firm of interest.

Steel Partners's Top 10 Equity Holdings

Company (Ticker) ($MM) Shares Change % Out
Handy & Harman Ltd (HNH) 111.25 7,228,735 0 57.16
Gencorp Inc (GY) 55.61 4,180,997 0 7.11
Steel Partners Holdings L.p. (SPLP) 25.57 1,877,207 0 7.46
Moduslink Global Solution (MLNK) 21.39 6,481,185 0 14.79
Nathans Famous Inc (NATH) 18.82 445,456 0 10.24
Sl Industries Inc (SLI) 18.04 994,840 0 21.92
Forbes Energy Services Ltd. (FES) 10.53 2,861,932 2,861,932 13.68
Selectica Inc (SLTC) 3.81 420,768 0 15.25
Chimera Investment Corp (CIM) 2.90 909,700 909,700 0.09
Timken Co (TKR) 2.26 40,000 40,000 0.04

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