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The firm, founded by David Gallo, now owns close to 20 percent of the company and has nominated one of its partners to the company's board.
A generally very secretive Tiger Management Corp. scion who has obsessively tried to remain as opaque as possible has seemingly gone activist.
David Gallo, founder of New York-based Valinor Management, on Thursday disclosed in a regulatory filing that his firm has boosted its stake in dELiA's, the embattled retailer marketed to teen girls, to 18.7 percent. The disclosure of the initial stake was made in a 13G filing, indicating the position was passive; Thursday's disclosure was made in a 13D filing.
In addition, the hedge fund disclosed that under a purchase agreement, Gallo will nominate Seth Cohen, a Valinor partner, to the company's board of...