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Barington Capital Group LP | Hedge Fund Notes

Barington Capital Group

Barington Capital Group LP | Notes

The 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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Link to This Resource: Barington Capital Group LP | Hedge Fund Notes

http://richard-wilson.blogspot.com/2008/10/barington-capital-group-lp-hedge-fund.html

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