In SEC Filing, Activist Hedge Fund Catches Board Member Sleeping

HFA Padded
Mark Melin
Published on
Updated on

Activist hedge fund Stillwell Value Partners is getting personal in its attacks on a small bank that seems to be sleeping on the job, literally. Stillwell, which has been involved in a fight with Harvard Savings Bank to encourage the company to sell, caught a picture of the bank’s chairman sleeping at an annual meeting.  In a Schedule 14A SEC filing, Stillwell posted the picture with a caption that read “If you, like me, believe it’s time to bring a fresh influence to our Bank’s board of directors, please vote the green proxy card for Mark Saladin,” which is Stillwell’s choice…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.