(Finance) – Bluebell Capital Partnersa well-known European activist investment company, He’s closing his hedge fund. This was written by Bloomberg, who spoke with his partner and CIO Giuseppe Bivona.
Bluebell, based in London but led by Italians Giuseppe Bivona and Marco Taricco, is returning capital to outside investors and will restructure the company. It will continue to pursue its activist strategy through co-investments and advisory mandates, but Bluebell’s fund size was not large enough to justify its administrative costs. Traditionally, according to anonymous sources cited in the article, it managed 100 to 200 million euros in assets.
The activist investor is focused on European large caps and over the years it has promoted campaigns against giants such as Richemont, GSK, Solvay, Danone And Lufthansanot all of which were successful. Bluebell was also the protagonist of important Italian matches, especially during the crisis MPSbut also in the renewals of the Board of Directors of Mediobanca And TIM.
Some operators have criticized Bluebell “for insisting on changes without purchasing large shares of its target companies“Bloomberg notes.
Bluebell Capital Partners was theevolution of Bluebell Partnersan investment advisory business founded in 2014 from Bivona and Taricco, who together have embraced shareholder activism, traditionally a predominantly North American phenomenon, as a growing opportunity in Europe.
Before launching Bluebell Capital Partners in 2019, Bivona he was a co-founder of his previous company, Bluebell Partners. Prior to Bluebell Partners, he worked in the investment banks Goldman Sachs, Morgan Stanley and Lehman Brothers in London. Before Bluebell Partners, Taricco He accumulated 23 years of experience at investment banks Goldman Sachs, Morgan Stanley and JP Morgan, where he held various senior positions in New York, London and Milan.