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

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Articles Related to Steel Partners

Is Activist Investing Just a Fad?

Date: December 19th, 2014
We’ve all heard this question with increasing frequency. It’s a logical and reasonable one, too, as assets pour into new and existing activist funds.

Two activist investors dueling for board seats

Date: November 11th, 2012
Two activist investors are set to battle for ModusLink board seats. Warren Lichtenstein of Steel Partners Holdings announced a proxy fight for three...

Activist Hedge Funds are increasingly pushing former CEOs onto Boards

Date: April 15th, 2010
2009 saw a noticeable increase in the number of experienced executives appointed to company boards by activist shareholders. According to the Wall Street...

Shareholder Vote Prevents Steel Partners from Removing Sapporo Directors

Date: April 3rd, 2010
Hedge fund Steel Partners lost a shareholder vote for the removal of directors from Sapporo Holdings Ltd, a Tokyo-based Yebisu brewer, after about 70%...

Steel Partners settles lawsuit with Carl Icahn

Date: March 13th, 2010
Warren Lichtenstein’ Steel Partners has settled its lawsuit with Carl Icahn’s ACF Master Trust and the Icahn Global Activist Fund. According to the...

Adaptec CEO replaced by Steel Partners MD John Quicke

Date: December 22nd, 2009
Data solutions provider Adaptec, Inc. (NASDAQ: ADPT) has announced the appointment of John J. Quicke as Interim President and CEO of the company following...

Is it acceptable for hedge funds to halt redemptions?

Date: December 16th, 2009
I would like to revisit one of the most contentious decisions some fund managers made in 2008: halting or gating redemptions. The 2008 crisis was substantially...

Steel Partners increases activist stake in Adaptec to 14.6%

Date: November 7th, 2009
This week, activist hedge fund manager Steel Partners revealed that it had increased its holdings in Adaptec Inc. (NASDAQ: ADPT) by 188,931 shares, bringing...

Adaptec Criticizes Steel Partners and Warren Lichtenstein

Date: October 5th, 2009
Adaptec Inc. (NASDAQ: ADPT), a technology data storage manufacturer, issued a strongly worded letter last week to its shareholders regarding the looming...

Arcadia Capital sides with Steel Partners in Proxy Battle against Adaptec

Date: September 24th, 2009
Earlier this month, the board of directors of Adaptec (NSDQ:ADPT) stripped a Steel Partners executive of his chairman title and called for a reduction...

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