5 Recent Activist Investor Campaigns

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1. Goldenwise Capital Group at GEE Group Inc. (NYSE:JOB)

Activist Campaign: September 2023.

Gee Group is the latest activist target, instigated by Chinese hedge fund manager Haakon Ding, founder of Goldenwise Capital Group. It is the first activist campaign by a Chinese manager on a US-listed firm, following acquiring a 5% stake in the company.

Goldenwise Capital Group is pushing for a potential sale of the human resource firm to unlock value. The activist investor targeted Gee Group because of its solid cash flow. He insists the company needs to put to good use the cash at hand and pursue strategic alternatives to boost shareholder value rather than pursuing acquisitions and expansions. The hedge fund is also pushing for share buybacks and changes to the board.

Follow Gee Group Inc. (NYSE:JOB)

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