Hedge Funds Eying Delphi Automotive Spinoff

Stephen J. Errico of Locust Wood Capital Advisors, up 10% year to date, sees value in a forthcoming spin-off that Glenview Capital’s Larry Robbins also noticed. The New York-based Long / Short hedge fund, touting his investment ideas in an October 10 letter to investors reviewed by ValueWalk, also likes the “free option” in an energy stock and several forthcoming acquisitions. [timeless] Delphi Automotive is unlocking value in its high-tech offering In a market that “is not inexpensive,” Locust Wood Capital Advisors is looking for special situations that generate value, much of it based on mergers and acquisitions or other…