A Chinese hedge fund manager is launching a rare activist campaign to boost returns.
Huakun Ding, founder of Goldenwise Capital Group, set his sights on New York-listed GEE Group Inc., buying a stake of more than 5% and pushing for changes including a potential sale of the human resources firm. GEE shares have jumped 28% since Goldenwise’s Aug. 15 filing.
“You need to find a target that has a stable business, but also a lethal shortcoming that’s curable,” Ding said by phone from Shanghai.
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