AOF Management is now an activist investor in Cinedigm with a 5.2% stake. The fund joins a beaten down stock that has a couple of other activist investors involved, Sabra Capital and Ronald Chez.
AOF, standing for Active Owners Fund, considers itself an event-driven fund with a focus on small caps. They tout their “extensive” private equity experience.
AOF plans: “The Reporting Persons have either recently engaged, or may engage, in discussions with other stockholders, investment funds and members of the investment community, including analysts, bankers and private equity firms, regarding value-enhancing opportunities at the Issuer.”
Top value fund managers are ready for the small cap bear market to be done
During the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More