William von Mueflling’s Cantillon Capital makes minor reduction in stake in IG Group

New York hedge fund manager Cantillon Capital Management has reduced its interest in British CFD and spread betting company IG Group Holdings plc (LON:IGG) very slightly, taking it back to 4.99%.

According to a filing with the London Stock Exchange today which is dated March 3, 2015, Cantillon Capital management now holds 25,254,876 shares, compared to its previous transaction which took its interest to over 5% on February 2 this year in which the firm reported that it had acquired 24,989,433 shares in IG Group.

Cantillon Capital Management is owned by sole shareholder William von Mueffling, who founded the company in 2003 after heading Lazard Asset Management’s hedge fund operations, where he averaged returns in excess of 30% between 1998 and 2003, by shorting technology stocks.

Cantillon’s strategies were adapted significantly in June 2009, when the firm announced that it was shutting down its long/short strategies, which included the Cantillon World, Cantillon Europe, Cantillon U.S. Low Volatility, and Cantillon Pacific funds.

At that time. Mr. Von Mueffling returned $3.5 billion to investors, with Cantillon managing $1 billion in long-only assets.

For the official announcement from the London Stock Exchange, click here.

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