Pelham Long/Short Small Cap Master Fund has passed five percent threshold of land-based salmon farmer.
On March 10, the hedge fund purchased 139,000 shares, at a price of NOK 141.13, in Atlantic Sapphire. This meant that the stock passed the reportable threshold of five per-cent.
Pelham now controls nearly 4.1 million shares, which equates to a 5.1 percent ownership, according to a stock exchange announcement from Atlantic Sapphire.
The Pelham Long/Short Small Cap Master Fund has USD 611 million under management. It is run by Pelham Capital, with an office address in St James’ Street, London.
