Wednesday April 1, 2020

Activist investor is among trio to boost stake in housebuilder Cairn

Coltrane Asset Management, a New York fund founded by former Deutsche Bank trader Mandeep Manku, bought up €6.7 million worth of shares last week, pushing its stake to 8.10 per cent, worth €63.8 million

Barry J Whyte

Chief Feature Writer

@whytebarry
1st September, 2019

Three major investment firms – including Goldman Sachs, and another firm known for its aggressive activism - increased their stakes in Irish housebuilder Cairn Homes last week.

Coltrane Asset Management, a New York fund founded by former Deutsche Bank trader Mandeep Manku, bought up €6.7 million worth of shares last week, pushing its stake to 8.10 per cent, worth €63.8 million.

Coltrane is known for launching aggressive activist campaigns against corporate boards.

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