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 financial engineering tactics that unlock investor value.

There will be a spinoff...