Ralph Whitworth’s Relational Investors Officially Closed
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Ralph Whitworth’s Relational Investors has officially closed down its activist hedge fund as of December. It no longer owns any stocks.
The firm was open for two decades and managed over $6 billion. Relational started shutting down in 2014 when founder Ralph Whitworth announced he was taking a leave of absence to address his throat cancer.
While Relational is gone, it won’t be forgotten – known for waging battles at Hewlett-Packard and Home Depot.
The company website now states:
Relational Investors LLC and its affiliates have completed all active business affairs as of December 31, 2015. For those who need to contact one of Relational’s principals, please direct inquiry to [email protected].
The WSJ notes:
Ralph Whitworth’s Relational Investors LLC closed out its portfolio in December, marking the end of a firm that was a pioneer in activist investing and once had $6 billion in assets.
A securities filing late Friday disclosed that the firm has no stock positions and stopped all trading as of Dec. 18.
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Relational had holdings in about 20 companies in 2014. Most of the stakes were worth between $250 million and $500 million and included shares in Mondelez International Inc. and Hologic Inc.
The Businessweek profile states:
Relational Investors LLC is a privately owned investment manager. The firm primarily provides its services to non-pooled investment limited partnerships. It also caters to high net worth individuals, pooled investment vehicles, and state or municipal government entities. The firm manages separate client-focused equity portfolios. It invests in the public equity markets of the United States. The firm primarily invests in value stocks of mid cap and large cap companies. It benchmarks the performance of its equity portfolios against the S&P 500 Total Return Index. The firm conducts in-house research to make its investments. Relational Investors LLC was founded in 1996 and is based in San Diego,…
