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In SEC Filing, Activist Hedge Fund Catches Board Member Sleeping

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Mark Melin
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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.

In SEC Filing, Activist Hedge Fund Catches Board Member Sleeping

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,...

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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.