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Spotify Co-Founder’s Activist Firm Opens Up for New Investors
The activist firm backed by Martin Lorentzon, the billionaire co-founder of Spotify Technology SA, is seeking external funds to build out its strategy of investing in small to medium-sized listed companies.
Cervantes Capital AB, which has so far received about $120 million of Lorentzon’s estimated $12.6 billion fortune, plans to more than double its assets under management by buying stocks that are overlooked by equity research teams at the major banks.