Barington Capital Group
Barington Capital Group LP | NotesThe following piece on Barington Capital Group is being published as part of our Hedge Fund Tracker Tool, our daily effort to track hedge funds in the industry.
Resource #1: (10.28.08)Two hedge funds stepped up pressure on struggling department-store chain Dillard's Inc., calling for the ouster of Chief Executive William Dillard II and other members of his family.
In a letter to three of the company's outside directors, hedge funds Barington Capital Group and Clinton Capital blamed management for the company's poor performance and accused it of self-dealing, nepotism and negligence. Mr. Dillard and several other family members are "overpaid and underqualified for the positions they hold," the hedge-fund managers wrote in the letter, which was filed with the Securities and Exchange Commission. Read more...
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