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Sovereign Wealth Funds Briefing - Categorized | Market

FSI says interested in long-term Valeo strategy

Posted on 05 May 2011

France’s FSI strategic investment fund is more interested in Valeo’s long-term development than in short-term share moves, its head said, after another shareholder criticised the car parts maker’s strategy.

U.S. investor Pardus Capital Management, which was engaged in a long-running battle with Valeo’s previous management, has called on the group to overhaul its strategy again to boost its valuation, and warned it to be cautious on acquisitions for now………………………………………Full Article: Source


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