Jeffrey Altman's Owl Creek Raises Visteon Stake (VC) ~ market folly

Tuesday, August 28, 2012

Jeffrey Altman's Owl Creek Raises Visteon Stake (VC)

Jeffrey Altman's hedge fund firm Owl Creek Asset Management recently filed a 13G with the SEC regarding shares of Visteon (VC).  Per the filing, Owl Creek has disclosed a 5.57% ownership stake in VC with 2,933,100 shares.

This marks a 27% increase in their position size since the end of the second quarter.  Visteon emerged from bankruptcy two years ago and they recently sold their automotive lighting business.

Numerous other hedge funds and private equity firms continue to hold stakes including the likes of JANA Partners, Centerbridge Partners, SAC Capital, Monarch Alternative Capital, Ascend Capital, and Tremblant Capital, among many others.

Per Google Finance, Visteon is "a global supplier of climate, electronics, interiors and lighting systems, modules and components to global automotive original equipment manufacturers (OEMs). The Company operates in five segments: Climate, Electronics, Interiors, Lighting and Services."

blog comments powered by Disqus