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Hedge Fund

Toms Capital escalates Voya campaign

hedgeweek

5 days ago

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Hedge fund Toms Capital Investment Management is escalating its activist campaign at Voya Financial, seeking to take its call for a strategic review directly to shareholders and pushing for the asset manager to consider a potential sale, according to a report by the Wall Street Journal.
TCIM, which owns about 4.5% of Voya and manages roughly $3.8bn, plans to file proxy materials calling for a vote of no confidence in the company’s management and board, according to a letter the hedge fund intend...

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