Jerry Swank sells Capital Product stake

Investor has disposed of his one-time leading external position in Nasdaq-listed shipowner.

Hedge fund manager Jerry Swank has exited his investment in Capital Product Partners.

Swank Capital had been the largest independent shareholder in the shipowner but has now sold all of his stock.

A filing earlier this month showed Swank Capital holding 7.94 million shares in the tanker owner, giving it a 6.6% stake.

On Valentine’s Day a new filing showed that all the shares had been sold by the end of 2016.

Swank first emerged as a Capital Product Partners shareholder in 2014.

Sixty-five-year-old Swank’s other known investments include American Midstream Partners and GasLog Partners.